Northport Point Yacht Club
- Assets
- $143.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Northport, MI
- Founding
- 12/1998
- Data as of
- 12/2023
- EIN
- 38-3426131
Organization Overview
Northport Point Yacht Club is located in Northport, MI. The organization was established in 1998. 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. Northport Point 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 12/2023, Northport Point Yacht Club generated $56.9k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $46.5k during the year ending 12/2023. 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
2023
Describe the Organization's Program Activity:
Part 3
OPERATION OF A YACHT CLUB WHICH PROVIDES AND TEACHES SAILING. MEMBERS SERVED ARE THE 103 MEMBERS OF THE NORTHPORT POINT YACHT CLUB. THE YACHT CLUB PROVIDED 97 SAILING LESSONS IN 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Johnson Schaff Trustee | 1 | $0 | |
David Gardner Trustee | 1 | $0 | |
Tom Goodspeed Trustee | 1 | $0 | |
Dan Noble Commodore | 1 | $0 | |
Weston Adams III Trustee | 1 | $0 | |
Sherry Weckenbrock Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,050 |
| Total Program Service Revenue | $0 |
| Membership dues | $31,234 |
| Investment income | $256 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $4,328 |
| Total Revenue | $56,935 |
| 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 | $1,500 |
| Occupancy, rent, utilities, and maintenance | $16,035 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $10,837 |
| Total expenses | $46,513 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $10,741 |
| Other assets | $0 |
| Total assets | $143,065 |
| Total liabilities | $2,200 |
| Net assets or fund balances | $140,865 |