White Lake Yacht Club
- Assets
- $758.2k
- Revenue
- $689.0k
- Investments
- $0.0
- Employees
- 49
- Location
- Whitehall, MI
- Founding
- Data as of
- 11/2023
- EIN
- 38-1213602
Organization Overview
White Lake Yacht Club is located in Whitehall, MI. As of 11/2023, White Lake Yacht Club employed 49 individuals. White 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 11/2023, White Lake Yacht Club generated $689.0k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.0% each year . All expenses for the organization totaled $478.6k during the year ending 11/2023. While expenses have increased by 9.3% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAINED DOCK AND SLIPS FOR MEMBERS - APPROXIMATELY 300 MEMBER FAMILIES SERVED.
OPERATED RESTAURANT FOR MEMBERS AND THEIR GUESTS - APPROXIMATELY 300 MEMBER FAMILIES SERVED.
CONDUCTED SOCIAL EVENTS, REGATTAS, SAILING SCHOOL AND SWIM SCHOOL FOR MEMBERS - APPROXIMATELY 300 MEMBER FAMILIES SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Burress Commodore | OfficerTrustee | 1 | $0 |
Brooks Applegate Vice Commodore | OfficerTrustee | 1 | $0 |
Shelly Macnaughton Rear Commodore | OfficerTrustee | 1 | $0 |
Jimmy Tenbrink Treasurer | OfficerTrustee | 1 | $0 |
Sue Gates Secretary | OfficerTrustee | 1 | $0 |
Ande Holly Past Commodore | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,998 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $200,775 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $202,773 |
| Total Program Service Revenue | $364,193 |
| Investment income | $14,972 |
| 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 | $61,441 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $689,012 |
| 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 | $168,861 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,520 |
| Fees for services: Management | $3,276 |
| Fees for services: Legal | $125 |
| Fees for services: Accounting | $3,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $32,124 |
| Information technology | $1,745 |
| Royalties | $0 |
| Occupancy | $76,296 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $63,176 |
| Insurance | $29,682 |
| All other expenses | $9,385 |
| Total functional expenses | $478,551 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $392,042 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $118,420 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $15,259 |
| Prepaid expenses and deferred charges | $3,778 |
| Net Land, buildings, and equipment | $228,657 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $758,156 |
| Accounts payable and accrued expenses | $1,563 |
| Grants payable | $0 |
| Deferred revenue | $13,718 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $15,281 |
| 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 | $742,875 |
| Total liabilities and net assets/fund balances | $758,156 |