Ephraim Yacht Club
- Assets
- $433.9k
- Revenue
- $226.5k
- Investments
- $2.3k
- Employees
- 15
- Location
- Ephraim, WI
- Founding
- 10/2004
- Data as of
- 10/2023
- EIN
- 39-1078850
Organization Overview
Ephraim Yacht Club is located in Ephraim, WI. The organization was established in 2004. According to its NTEE Classification (N67) the organization is classified as: Swimming & Other Water Recreation, under the broad grouping of Recreation & Sports and related organizations. As of 10/2023, Ephraim Yacht Club employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ephraim Yacht Club is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 10/2023, Ephraim Yacht Club generated $226.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $263.1k during the year ending 10/2023. While expenses have increased by 5.5% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE FUNDING, PROGRAMS, AND FACILITIES FOR SAILING EDUCATION, TRAINING, AND COMPETITION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB HOSTED A LEVEL 2 US SAILING CERTIFICATION COURSE FOR SAILING INSTRUCTORS IN THE REGION AND TAUGHT A CLASS IN OPERATING POWER BOATS WHICH ARE IMPORTANT SUPPORT BOATS FOR SAFETY, COACHING AND RACING. THE CLUB ALSO PROVIDED FORMAL CLASSROOM SAILING INSTRUCTION PLUS ON-THE-WATER TRAINING AND RACING SESSIONS. 226 UNIQUE STUDENTS SIGNED UP FOR 429 GROUP SAILING LESSONS, AND THE CLUB GAVE SCHOLARSHIPS TO 17 STUDENTS IN NEED OF FINANCIAL AID ENABLING THEM TO PARTICIPATE IN 29 LESSONS. OVERALL THE CLUB PROVIDED 79 SESSIONS OF GROUP LESSONS AND 17 PRIVATE LESSONS FOR YOUTHS AND ADULTS. THE CLUB HELD RACES FIVE DAYS EACH WEEK WHICH COVERED 10 DIFFERENT RACE SERIES FOR 4 DIFFERENT BOAT CLASSES, AND IT HELD 8 REGATTAS FOR GENERAL PARTICIPANTS AND TARGETED ONES FOR YOUTH, FAMILIES, SENIORS, AND WOMEN. THE CLUB HELD 145 RACES, AND 120 PEOPLE PARTICIPATED IN THEM. THE CLUB PROVIDED COACHING AND BOATS FOR LOCAL HIGH SCHOOL STUDENTS TO FORM A SAILING TEAM WHO ALSO TRAVELED OUT OF TOWN TO RACE AGAINST OTHER HIGH SCHOOL SAILORS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Gifford Commodore | OfficerTrustee | 9.2 | $0 |
Hugh Haggerty Rear Commodore | OfficerTrustee | 0.2 | $0 |
Steve Sauter Vice Commodore | OfficerTrustee | 4.7 | $0 |
Carol Claypool Treasurer | OfficerTrustee | 6.2 | $0 |
Fran Morof Secretary | OfficerTrustee | 3.8 | $0 |
Marta Fonseca Director | Trustee | 2.5 | $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 | $7,424 |
| Noncash contributions included in lines 1a–1f | $475 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,424 |
| Total Program Service Revenue | $197,506 |
| Investment income | $4,956 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $2,608 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $13,971 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $226,465 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $91,088 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,930 |
| Payroll taxes | $6,968 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,065 |
| Fees for services: Accounting | $8,426 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $10,129 |
| Information technology | $12,194 |
| Royalties | $0 |
| Occupancy | $56,080 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $569 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,983 |
| Insurance | $18,614 |
| All other expenses | $875 |
| Total functional expenses | $263,129 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,329 |
| Savings and temporary cash investments | $260,318 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $152,965 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,293 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $433,905 |
| Accounts payable and accrued expenses | $13,614 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $13,614 |
| Net assets without donor restrictions | $330,879 |
| Net assets with donor restrictions | $89,412 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $433,905 |