Grosse Pointe Yacht Club
- Assets
- $24.5m
- Revenue
- $7.6m
- Investments
- $0.0
- Employees
- 256
- Location
- Grosse Pointe Shores, MI
- Founding
- 09/1942
- Data as of
- 09/2021
- EIN
- 38-0613000
Organization Overview
Grosse Pointe Yacht Club is located in Grosse Pointe Shores, MI. The organization was established in 1942. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 09/2021, Grosse Pointe Yacht Club employed 256 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grosse Pointe 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 09/2021, Grosse Pointe Yacht Club generated $7.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $5.4m during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PREMIER PRIVATE YACHT CLUB THAT PROVIDES HIGH-QUALITY FAMILY AND SOCIAL PROGRAMS TO ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE PLEASURE, RECREATION, FOOD AND BEVERAGE SERVICES AND SOCIAL OPPORTUNITIES TO THE MEMBERS OF THE CLUB. ACTIVITIES INCLUDE: BOATING, BOWLING, SWIMMING AND TENNIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aaron Wagner General Manager | 40 | $217,850 | |
Colby Newman Executive Chef | 40 | $165,994 | |
James Demasse CFO | 40 | $147,232 | |
Gary Marowske Commodore | OfficerTrustee | 1 | $0 |
Jason J Grobbel Vice Commodore | OfficerTrustee | 1 | $0 |
Brian L Fish Rear Commodore | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Trinity Building Group Construction Services | 9/29/21 | $920,580 |
Ec Korneffel Co Construction Services | 9/29/21 | $192,784 |
Gs Electric Construction Services | 9/29/21 | $176,523 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,147,125 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $95,613 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,242,738 |
| Total Program Service Revenue | $6,209,273 |
| Investment income | $50,324 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $369,846 |
| Net Gain/Loss on Asset Sales | $23,545 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$366,182 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,576,966 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,005,945 |
| Pension plan accruals and contributions | $49,208 |
| Other employee benefits | $256,378 |
| Payroll taxes | $200,116 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $19,328 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $509,910 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $53,879 |
| Interest | $258,800 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,224,759 |
| Insurance | $218,152 |
| All other expenses | $759,017 |
| Total functional expenses | $5,387,712 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $402,121 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $16,000 |
| Accounts receivable, net | $1,616,503 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $246,005 |
| Prepaid expenses and deferred charges | $213,140 |
| Net Land, buildings, and equipment | $19,068,885 |
| Investments—publicly traded securities | $2,402,620 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $583,905 |
| Total assets | $24,549,179 |
| Accounts payable and accrued expenses | $638,285 |
| Grants payable | $0 |
| Deferred revenue | $741,665 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $6,153,100 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,036,999 |
| Total liabilities | $8,570,049 |
| Net assets without donor restrictions | $15,979,130 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $24,549,179 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Grosse Pointe Yacht Club has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Deseranno Foundation Grosse Pointe Farms, MI PURPOSE: PUBLIC EDUCATION | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Delta Zeta National Housing Corporation Oxford, OH | $87,996,446 | $22,719,151 |
Delta Zeta Nat'l Housing Co (group Return) Oxford, OH | $23,862,160 | $20,580,612 |
Alpha Chi Omega Fraternity Inc Indianapolis, IN | $29,119,055 | $16,507,869 |
Scioto Country Club Inc Columbus, OH | $33,295,673 | $14,482,821 |
Kenwood Country Club Cincinnati, OH | $26,605,503 | $12,714,296 |
Alpha Chi Omega National Housing Corporation Indianapolis, IN | $68,106,791 | $16,027,721 |
Cincinnati Country Club Cincinnati, OH | $22,932,487 | $13,648,995 |
Delta Zeta Sorority Oxford, OH | $10,465,922 | $11,682,546 |
American Motorcycle Association Pickerington, OH | $16,477,859 | $11,974,280 |
Franklin Hills Country Club Franklin, MI | $14,923,818 | $10,135,789 |
Country Club Inc Pepper Pike, OH | $10,914,788 | $11,494,008 |
Country Club Of Detroit Grosse Pointe Farms, MI | $27,254,127 | $11,579,679 |