Muskegon Yacht Club
- Assets
- $1.8m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 26
- Location
- Muskegon, MI
- Founding
- 12/1946
- Data as of
- 12/2021
- EIN
- 38-0861385
Organization Overview
Muskegon Yacht Club is located in Muskegon, MI. The organization was established in 1946. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Muskegon Yacht Club employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Muskegon 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, Muskegon Yacht Club generated $1.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $965.5k during the year ending 12/2021. While expenses have increased by 8.7% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZATION SEEKS TO PROMOTE AND SPONSOR THE DEVELOPMENT OF NONCOMMERCIAL WATERCRAFT; PROVIDE & MAINTAIN CLUB FACILITIES AND SOCIAL QUARTERS FOR ITS MEMBERS; ORGANIZE AND PROMOTE REGATTAS AND BOAT RACES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAINED DOCK AND SLIPS FOR MEMBERS - SERVED 78
OPERATED RESTAURANT FOR MEMBERS - SERVED 399 MEMBERS
CONDUCTED SOCIAL EVENTS, REGATTAS AND SAILING LESSONS FOR MEMBERS - SERVED 399 MEMBERS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberly Nguyen General Mana | Officer | 40 | $59,878 |
Susan Peters Business Man | Officer | 35 | $49,502 |
Eric Bombery Commodore | OfficerTrustee | 2 | $0 |
Jessica Strecker Vice Commodo | OfficerTrustee | 2 | $0 |
Kevin Moore Rear Commodo | OfficerTrustee | 2 | $0 |
Jay Wallace Jr Past Commodo | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $88,808 |
| All other contributions, gifts, grants, and similar amounts not included above | $81,149 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $169,957 |
| Total Program Service Revenue | $543,084 |
| Investment income | $1,779 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $116,950 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,035,624 |
| 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. | $116,229 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $162,686 |
| Pension plan accruals and contributions | $4,906 |
| Other employee benefits | $6,209 |
| Payroll taxes | $28,684 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $150 |
| Advertising and promotion | $6,938 |
| Office expenses | $38,060 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $306,681 |
| Travel | $213 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $42,748 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $135,317 |
| Insurance | $43,286 |
| All other expenses | $0 |
| Total functional expenses | $965,507 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $668,438 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $271,913 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $21,956 |
| Prepaid expenses and deferred charges | $15,050 |
| Net Land, buildings, and equipment | $789,127 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,766,484 |
| Accounts payable and accrued expenses | $240,681 |
| Grants payable | $0 |
| Deferred revenue | $429,288 |
| 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 | $961,252 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $270 |
| Total liabilities | $1,631,491 |
| Net assets without donor restrictions | $0 |
| 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 | $134,993 |
| Total liabilities and net assets/fund balances | $1,766,484 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Academy Of Model Aeronautics Ama Muncie, IN | $14,826,959 | $9,207,922 |
Lakewood Country Club Company Westlake, OH | $13,232,237 | $7,948,852 |
Wisconsin Club Inc Milwaukee, WI | $13,631,132 | $7,676,658 |
Milwaukee Country Club River Hills, WI | $13,393,861 | $8,032,632 |
North Shore Country Club Mequon, WI | $12,385,301 | $7,356,496 |
Travis Pointe Country Club Ann Arbor, MI | $3,693,496 | $5,450,943 |
Portage Country Club Akron, OH | $15,375,950 | $5,578,447 |
Tau Kappa Epsilon Fraternity Inc Indianapolis, IN | $5,851,438 | $5,058,540 |
Green Bay Country Club Inc Green Bay, WI | $11,578,714 | $7,130,925 |
Crystal Downs Country Club Frankfort, MI | $8,303,641 | $4,768,390 |
Gull Lake Country Club Richland, MI | $8,026,024 | $4,057,493 |
Golf Club Co New Albany, OH | $14,299,768 | $5,076,648 |