Spring Lake Yacht Club
- Assets
- $124.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Spring Lake, MI
- Founding
- 05/1946
- Data as of
- 12/2023
- EIN
- 38-6018020
Organization Overview
Spring Lake Yacht Club is located in Spring Lake, 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spring 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 12/2023, Spring Lake Yacht Club generated $117.5k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $122.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 5 years. 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
TO PROMOTE SAILING TO ALL PEOPLE IN THE SPRING LAKE & SURROUNDING AREAS BY OFFERING A REGULAR RACING VENUE DURING THE SUMMER SEASON
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Knappe President | 4 | $0 | |
Lisa Henry Vice President | 4 | $0 | |
Amy Betten Director | 1 | $0 | |
Scott Windemuller Treasurer | 2 | $0 | |
Andy Vink Director | 1 | $0 | |
Heather Peterson Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $71,087 |
| Total Program Service Revenue | $35,093 |
| Membership dues | $0 |
| Investment income | $13 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $11,319 |
| Total Revenue | $117,512 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $15,731 |
| Professional fees and other payments to independent contractors | $6,375 |
| Occupancy, rent, utilities, and maintenance | $43,374 |
| Printing, publications, postage, and shipping | $616 |
| Other expenses | $56,684 |
| Total expenses | $122,780 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $65,865 |
| Other assets | $0 |
| Total assets | $124,611 |
| Total liabilities | $8,236 |
| Net assets or fund balances | $116,375 |