Racine Yacht Club

Organization Overview

Racine Yacht Club is located in Racine, WI. The organization was established in 1975. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 01/2023, Racine Yacht Club employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Racine 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 01/2023, Racine Yacht Club generated $473.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $430.8k during the year ending 01/2023. While expenses have increased by 3.2% per year over the past 8 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

FOR THE ENCOURAGEMENT AND PROMOTION OF YACHTING AND THE CREATION OF A SPIRIT OF GOOD FELLOWSHIP.

Describe the Organization's Program Activity:

Part 3 - Line 4a

FOR THE ENCOURAGEMENT AND PROMOTION OF YACHTING AND THE CREATION OF A SPIRIT OF GOOD FELLOWSHIP.


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Board, Officers & Key Employees

Name (title)Compensation
Amy Cermak
Commodore
$0
Aaron Cruthers
Rear Commodo
$0
Sean Fox
Vice Commodo
$0
Laurie Hennig
Rec. Secreta
$0
Greg Miller
Treasurer
$0

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$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$164,016
Investment income $102
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $58,157
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $67,187
Miscellaneous Revenue$0
Total Revenue $473,767

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