Leland Yacht Club
- Assets
- $178.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Leland, MI
- Founding
- 03/1946
- Data as of
- 12/2023
- 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 12/2023, Leland Yacht Club generated $120.2k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $120.1k during the year ending 12/2023. While expenses have increased by 6.9% per year over the past 9 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
2023
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 |
|---|---|---|---|
Jeffrey Johnson Commodore | 4 | $0 | |
David Workum III Treasurer | 1 | $0 | |
Joseph Jameson Board Member | 1 | $0 | |
Holly Sutton Vice Commodore | 1 | $0 | |
George Strietmann Board Member | 1 | $0 | |
Kathy Draper Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $57,087 |
| Membership dues | $41,534 |
| Investment income | $17 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $5,458 |
| Other Revenue | $603 |
| Total Revenue | $120,216 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $29,087 |
| Professional fees and other payments to independent contractors | $22,010 |
| Occupancy, rent, utilities, and maintenance | $32,259 |
| Printing, publications, postage, and shipping | $137 |
| Other expenses | $36,607 |
| Total expenses | $120,100 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $66,821 |
| Other assets | $0 |
| Total assets | $178,509 |
| Total liabilities | $5,244 |
| Net assets or fund balances | $173,265 |