Harbor Lite Yacht Club Inc

Organization Overview

Harbor Lite Yacht Club Inc is located in Racine, WI. The organization was established in 0000. 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 12/2022, Harbor Lite Yacht Club Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harbor Lite Yacht Club Inc 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, Harbor Lite Yacht Club Inc generated $229.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $233.2k during the year ending 12/2022. While expenses have increased by 0.7% 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

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE PRIMARY PURPOSE OF THE CLUB IS TO PROMOTE AND ENCOURAGE AN INTEREST IN AMATEUR YACHTING, CRUISING, SEAMANSHIP, AND TO PROVIDE A FACILITY FOR THE PLEASURE AND RECREATION OF THE MEMBERSHIP.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE PRIMARY PURPOSE OF THE CLUB IS TO PROMOTE AND ENCOURAGE AN INTEREST IN AMATEUR YACHTING, CRUISING, SEAMANSHIP, AND TO PROVIDE A FACILITY FOR THE PLEASURE AND RECREATION OF THE MEMBERSHIP.


THE PRIMARY PURPOSE OF THE CLUB IS TO PROMOTE AND ENCOURAGE AN INTEREST IN AMATEUR YACHTING, CRUISING, SEAMANSHIP, AND TO PROVIDE A FACILITY FOR THE PLEASURE AND RECREATION OF THE MEMBERSHIP.


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Board, Officers & Key Employees

Name (title)Compensation
Kenneth Gall
Commodore
$0
James Moes
Vice Commodo
$0
Wendy Christensen
Rear Commodo
$0
Cyndi Knapp-Finley
Secretary
$0
Heidi Kappa
Treasurer
$0
William Nelson
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $864
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$864
Total Program Service Revenue$73,586
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $6,884
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 $145,204
Miscellaneous Revenue$0
Total Revenue $229,720

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