Michigan City Yacht Club
- Assets
- $56.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Michigan City, IN
- Founding
- 03/1942
- Data as of
- 12/2021
- EIN
- 35-0512773
Organization Overview
Michigan City Yacht Club is located in Michigan City, IN. The organization was established in 1942. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michigan City Yacht Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, Michigan City Yacht Club generated $42.9k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $69.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
PROVIDE BOATING RELATED SOCIAL AND RECREATIONAL ACTIVITIESTO THE MEMBERS AND HOST EVENTS TO INCREASE MEMBERSHIP
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Iatorola Member | 1 | $0 | |
Christina Nyikos Commodore | 5 | $0 | |
John Nekus Rear Commodore | 1 | $0 | |
Nancy Moser Vice-Commodore Of Power | 1 | $0 | |
Mike Jones Vice-Commodore Of Sail | 1 | $0 | |
Vytas Kasniunas Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,656 |
| Total Program Service Revenue | $0 |
| Membership dues | $32,275 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $42,931 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $6,006 |
| Occupancy, rent, utilities, and maintenance | $48,579 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $14,392 |
| Total expenses | $68,977 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $43,506 |
| Other assets | $0 |
| Total assets | $56,201 |
| Total liabilities | $0 |
| Net assets or fund balances | $56,201 |
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