Clear Lake Yacht Club
- Assets
- $362.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Fremont, IN
- Founding
- 11/1942
- Data as of
- 12/2021
- EIN
- 35-1083295
Organization Overview
Clear Lake Yacht Club is located in Fremont, 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. Clear Lake 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, Clear Lake Yacht Club generated $110.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $79.4k during the year ending 12/2021. While expenses have increased by 6.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
TGIFPROVIDES FELLOWSHIP FOR ALL MEMBERS WEEKLY DURING THE SUMMER MONTHS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jimmy Geiger Commodore | 5 | $0 | |
Daniel R Mcardle Treasurer | 5 | $0 | |
Tim Schenkel Vice - Commodore | 3 | $0 | |
Lisa Baker Secretary | 1 | $0 | |
Bill Zeller Director | 3 | $0 | |
Eric Brown Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,670 |
| Total Program Service Revenue | $0 |
| Membership dues | $68,175 |
| Investment income | $997 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $3,976 |
| Other Revenue | $5,832 |
| Total Revenue | $110,074 |
| 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 | $16,123 |
| Occupancy, rent, utilities, and maintenance | $28,506 |
| Printing, publications, postage, and shipping | $220 |
| Other expenses | $34,575 |
| Total expenses | $79,424 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $203,619 |
| Other assets | $0 |
| Total assets | $362,216 |
| Total liabilities | $0 |
| Net assets or fund balances | $362,216 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Academy Of Model Aeronautics Ama Muncie, IN | $14,826,959 | $9,207,922 |
Twin Orchard Country Club Long Grove, IL | $7,888,847 | $8,779,508 |
Briarwood Country Club Deerfield, IL | $16,862,462 | $7,936,936 |
Idle Hour Country Club Inc Lexington, KY | $13,827,877 | $6,560,806 |
Wisconsin Club Inc Milwaukee, WI | $13,631,132 | $7,676,658 |
Milwaukee Country Club River Hills, WI | $13,393,861 | $8,032,632 |
Chicago Club Chicago, IL | $23,297,083 | $6,965,290 |
Westborough Country Club St Louis, MO | $12,574,803 | $8,255,604 |
North Shore Country Club Mequon, WI | $12,385,301 | $7,356,496 |
River Forest Country Club Elmhurst, IL | $11,952,693 | $7,876,925 |
Conway Farms Golf Club Inc Lake Forest, IL | $28,236,778 | $8,719,837 |
Chicago Yacht Club Chicago, IL | $8,000,241 | $5,569,403 |