Little Traverse Yacht Club
- Assets
- $714.1k
- Revenue
- $497.2k
- Investments
- $0.0
- Employees
- 21
- Location
- Harbor Springs, MI
- Founding
- 12/1972
- Data as of
- 12/2021
- EIN
- 38-1866922
Organization Overview
Little Traverse Yacht Club is located in Harbor Springs, MI. The organization was established in 1972. As of 12/2021, Little Traverse Yacht Club employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Little Traverse 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, Little Traverse Yacht Club generated $497.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $399.9k during the year ending 12/2021. While expenses have increased by 4.6% 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
PROMOTION OF BOATING & WATER SPORTS ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTION OF BOATING & WATER SPORTS ACTIVITIES IN LITTLE TRAVERSE BAY, EMMET COUNTY MICHIGAN. THERE ARE CURRENTLY 453 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Dewindt Executive Director | Trustee | 40 | $53,685 |
Dunne Saal Rear Commodore & Director | OfficerTrustee | 4 | $0 |
Thomas Trautman Commodore & Director | OfficerTrustee | 4 | $0 |
Debi Schoenherr Vice Commodore & Director | OfficerTrustee | 4 | $0 |
Jan Mancinelli Treasurer & Director | OfficerTrustee | 4 | $0 |
Sean O'brien Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $490,469 |
| Investment income | $182 |
| 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 | $6,565 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $497,216 |
| 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. | $53,685 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $75,204 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $16,494 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,346 |
| 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 | $595 |
| Information technology | $9,549 |
| Royalties | $0 |
| Occupancy | $53,103 |
| 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 | $25,827 |
| Insurance | $16,486 |
| All other expenses | $54,478 |
| Total functional expenses | $399,894 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $210,966 |
| Savings and temporary cash investments | $202,214 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$1,594 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,362 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $294,066 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,058 |
| Total assets | $714,072 |
| Accounts payable and accrued expenses | $13,285 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $13,285 |
| 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 | $700,787 |
| Total liabilities and net assets/fund balances | $714,072 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Little Traverse Yacht Club has recieved totaling $250.
| Awarding Organization | Amount |
|---|---|
Patricia Miller Anton And William Conrad Anton Foudation Las Vegas, NV PURPOSE: FINANCIAL SUPPORT | $250 |
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