Leland Yacht Club
- Assets
- $183.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Leland, MI
- Founding
- 03/1946
- Data as of
- 12/2021
- EIN
- 38-6108035
Organization Overview
Leland Yacht Club is located in Leland, 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. Leland 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, Leland Yacht Club generated $88.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $94.7k during the year ending 12/2021. While expenses have increased by 5.4% 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
2021
Describe the Organization's Program Activity:
Part 3
INSTRUCT MEMBERS IN THE ART OF SAILING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathy Draper Commodore | 4 | $0 | |
David Workum III Treasurer | 1 | $0 | |
Joseph Jameson Board Member | 1 | $0 | |
Jeff Johnson Vice Commodore | 1 | $0 | |
Holly Sutton Secretary | 1 | $0 | |
Sara Irwin Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $39,056 |
| Membership dues | $35,855 |
| Investment income | $49 |
| Gain or Loss | $2,250 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $86 |
| Total Revenue | $88,119 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $22,213 |
| Professional fees and other payments to independent contractors | $11,532 |
| Occupancy, rent, utilities, and maintenance | $25,484 |
| Printing, publications, postage, and shipping | $1,105 |
| Other expenses | $34,376 |
| Total expenses | $94,710 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $115,068 |
| Other assets | $0 |
| Total assets | $183,442 |
| Total liabilities | $4,656 |
| Net assets or fund balances | $178,786 |
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