Minnetonka Yacht Club

Organization Overview

Minnetonka Yacht Club is located in Deephaven, MN. The organization was established in 1960. 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 12/2021, Minnetonka Yacht Club employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnetonka 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 12/2021, Minnetonka Yacht Club generated $653.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $651.6k during the year ending 12/2021. While expenses have increased by 7.2% per year over the past 7 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

2021

Describe the Organization's Mission:

Part 3 - Line 1

SOCIAL CLUB TO PROVIDE RECREATIONAL AND SOCIAL YACHTING & SAILING ACITVITIES FOR THE CLUB'S MEMBERS. PROVIDE YOUTH OF THE COMMUNITY WITH SAILING EXPERIENCES AND EDUCATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE RECREATIONAL AND SOCIAL YACHTING AND SAILING ACTIVITIES FOR THE 320 MEMBERS OF THE CLUB. ALL OTHER ACCOMPLISHMENT - PROVIDE SAILING AND WATERCRAFT ACTIVITIES


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Board, Officers & Key Employees

Name (title)Compensation
Chrisy Hughes
Director
$0
Jennifer O'connell
Director
$0
David Sime
Vice Commodo
$0
Scott Smith
Rear Commodo
$0
Cindy Verant
Director
$0
Hans Zinn
Commodore
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $38,961
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$38,961
Total Program Service Revenue$609,513
Investment income $5,045
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
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 $0
Miscellaneous Revenue$0
Total Revenue $653,519

Peer Organizations

Organization NameAssets
Interlachen Country Club
Edina, MN
$19,906,229
Wisconsin Club Inc
Milwaukee, WI
$7,676,658
Milwaukee Country Club
River Hills, WI
$8,032,632
North Shore Country Club
Mequon, WI
$7,356,496
Woodhill Country Club
Wayzata, MN
$5,942,697
Green Bay Country Club Inc
Green Bay, WI
$7,130,925
Minneapolis Club Inc
Minneapolis, MN
$3,594,595
Spring Hill Golf Club
Wayzata, MN
$4,336,296
Chenequa Country Club Inc
Hartland, WI
$3,577,706
Tuckaway Country Club Inc
Franklin, WI
$4,849,926
Lake Geneva Country Club
Fontana, WI
$4,168,458
West Bend Country Club
West Bend, WI
$4,364,708

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