Eagle Lake Yacht Club
- Assets
- $110.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Edwardsburg, MI
- Founding
- 05/1947
- Data as of
- 12/2021
- EIN
- 35-6112388
Organization Overview
Eagle Lake Yacht Club is located in Edwardsburg, MI. The organization was established in 1947. 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. Eagle 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, Eagle Lake Yacht Club generated $49.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $40.4k during the year ending 12/2021. While expenses have increased by 3.8% 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
TO PROMOTE SAILING AND ORGANIZE SOCIAL ACTIVITIES FOR THE RESIDENTS AND MEMBERS OF THE ORGANIZATION OF AND AROUND EAGLE LAKE MICHIGAN PROVIDE SAILING LESSONS, PROVIDE ASSISTANCE FOR LAKE RESIDENTS, HOST REGIONAL SAILING COMPETITION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Tobolski Rear Commodore | 0 | $0 | |
Adam Hosaflook Director | 0 | $0 | |
Christine Kralovansky Director | 0 | $0 | |
Lori Jean Secretary | 0 | $0 | |
Elizabeth Westfall Commodore | 0 | $0 | |
Charles Carlin Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $6,900 |
| Membership dues | $36,720 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $5,796 |
| Total Revenue | $49,416 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $9,540 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $30,853 |
| Total expenses | $40,393 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $72,609 |
| Other assets | $0 |
| Total assets | $110,765 |
| Total liabilities | $5,512 |
| Net assets or fund balances | $105,253 |
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