Milwaukee Yacht Club Foundation Inc
- Assets
- $129.4k
- Revenue
- $29.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 12/1980
- Data as of
- 12/2023
- EIN
- 39-1370633
Organization Overview
Milwaukee Yacht Club Foundation Inc is located in Milwaukee, WI. The organization was established in 1980. 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. Milwaukee Yacht Club Foundation Inc 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 12/2023, Milwaukee Yacht Club Foundation Inc generated $29.9k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 20.1% each year . All expenses for the organization totaled $28.7k during the year ending 12/2023. While expenses have increased by 19.7% per year over the past 5 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL HANDS BOATWORKS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marvin Whalen President | 3 | $0 | |
Dave Crysdale Vice Pres. | 1 | $0 | |
David Lacey Secretary | 1 | $0 | |
Bill Tennessen Director | 1 | $0 | |
Spencer Thomason Director | 1 | $0 | |
Gondy King Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $28,629 |
| Interest on Savings | $21 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,202 |
| Total Revenue | $29,852 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $145 |
| Printing and publications | $0 |
| Other expenses | $18,360 |
| Total operating and administrative expenses | $28,652 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $28,652 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,134 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $112,286 |
| Total assets | $129,420 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |