Spring Lake Yacht Club
- Assets
- $128.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Spring Lake, MI
- Founding
- 05/1946
- Data as of
- 12/2022
- 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 12/2022, Spring Lake Yacht Club generated $125.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $127.1k during the year ending 12/2022. While expenses have increased by 2.3% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
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 |
|---|---|---|---|
Christy Steketee Director | 0 | $0 | |
Paul Knappe President | 4 | $0 | |
Lisa Henry Vice President | 4 | $0 | |
Amy Betten Director | 0 | $0 | |
Jon Ledsworth Director | 0 | $0 | |
Scott Windemuller Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $72,445 |
| Total Program Service Revenue | $45,432 |
| Membership dues | $0 |
| Investment income | $7,722 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $125,599 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $13,228 |
| Professional fees and other payments to independent contractors | $5,182 |
| Occupancy, rent, utilities, and maintenance | $45,694 |
| Printing, publications, postage, and shipping | $2,604 |
| Other expenses | $60,438 |
| Total expenses | $127,146 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $83,431 |
| Other assets | $0 |
| Total assets | $127,983 |
| Total liabilities | $6,340 |
| Net assets or fund balances | $121,643 |
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