North Channel Yacht Club

Organization Overview

North Channel Yacht Club is located in Algonac, MI. The organization was established in 1967. According to its NTEE Classification (A32) the organization is classified as: Television, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Channel 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, North Channel Yacht Club generated $300.3k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $356.4k during the year ending 12/2023. While expenses have increased by 4.4% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE A MEETING PLACE, SOCIAL RELAXATION, FELLOWSHIP AND DOCKING FACILITIES FOR MEMBERS. TO FOSTER AND STIMULATE INTEREST IN ALL FORMS OF BOATING ACTIVITY AND TO PRESERVE THE CLUB'S HISTORICAL BUILDING AND GROUNDS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PRINTING AND PUBLISHING FOR CLUBS MONTHLY NEWSLETTER AND ANNUAL ROSTER


EVENTS ARE HELD EACH YEAR FOR THE GENERAL MEMBERSHIP. PROFITS USED TO IMPROVE AND UPGRADE THE FACILITIES. THE FIRST MATES OPERATE A BOUTIQUE WHICH SELLS BOATING AND RELATED ITEMS TO THE MEMBERSHIP. THE PROFITS ARE GIVEN TO THE COMMODORE TO ASSIST WITH THE IMPROVEMENTS & UPGRADES FOR THE FACILITIES. THE ANCIENT MARINERS RAISE MONEY BY HOSTING LUNCHEONS AND 50/50 RAFFLES. THE PROFITS ARE GIVEN TO THE COMMODORE TO ASSIST WITH THE IMPROVEMENTS & UPGRADES FOR THE FACILITIES.


BOAT SHUTTLE BETWEEN CLUB ISLAND AND MAINLAND FOR MEMBERS AND GUESTS


OPERATION OF RECREATIONAL FACILITIES FOR THE CLUB


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$18,647
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$18,647
Total Program Service Revenue$215,797
Investment income $3,340
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$2,804
Net Income from Fundraising Events $57,456
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $7,836
Miscellaneous Revenue$0
Total Revenue $300,272

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