White Bear Yacht Club is located in White Bear Lake, MN. The organization was established in 2003. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, White Bear Yacht Club employed 196 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. White Bear 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, White Bear Yacht Club generated $6.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 50.1% each year . All expenses for the organization totaled $5.2m during the year ending 12/2021. While expenses have increased by 39.6% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION PROVIDES SOCIAL AND RECREATIONAL ACTIVITIES IN ACCORDANCE WITH ITS EXEMPT PURPOSE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES SOCIAL AND RECREATIONAL ACTIVITIES IN ACCORDANCE WITH ITS EXEMPT PURPOSE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Christopher Nathlich Gm/director | Officer | 40 | $199,501 |
John Steiner Director Of | 40 | $117,892 | |
Karen Haider Controller | Officer | 40 | $101,126 |
Eric Hawkins Commodore | OfficerTrustee | 1 | $0 |
Michael Kelly Vice Commodo | OfficerTrustee | 1 | $0 |
Scott Singer Treasurer | OfficerTrustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $426,998 |
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 | $426,998 |
Total Program Service Revenue | $5,276,244 |
Investment income | $9,015 |
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 | $1,150,777 |
Miscellaneous Revenue | $0 |
Total Revenue | $6,893,042 |
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. | $300,627 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $2,048,263 |
Pension plan accruals and contributions | $49,947 |
Other employee benefits | $146,655 |
Payroll taxes | $280,678 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $56,865 |
Advertising and promotion | $11,736 |
Office expenses | $30,083 |
Information technology | $63,669 |
Royalties | $0 |
Occupancy | $406,557 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $184,964 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $708,427 |
Insurance | $93,096 |
All other expenses | $96,844 |
Total functional expenses | $5,216,307 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | -$77,470 |
Savings and temporary cash investments | $2,513,685 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $951,116 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $168,513 |
Prepaid expenses and deferred charges | $101,035 |
Net Land, buildings, and equipment | $9,393,133 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $41,779 |
Other assets | $0 |
Total assets | $13,091,791 |
Accounts payable and accrued expenses | $165,848 |
Grants payable | $0 |
Deferred revenue | $1,112,542 |
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 | $4,408,497 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $137,200 |
Total liabilities | $5,824,087 |
Net assets without donor restrictions | $7,267,704 |
Net assets with donor restrictions | $0 |
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 | $13,091,791 |
Organization Name | Assets | Revenue |
---|---|---|
Edina Country Club Edina, MN | $21,372,241 | $7,831,351 |
Wayzata Country Club Wayzata, MN | $17,523,529 | $10,501,613 |
Oak Ridge Country Club Hopkins, MN | $13,821,924 | $8,175,238 |
The Summit League Inc Sioux Falls, SD | $12,416,599 | $5,663,074 |
Minnehaha Country Club Sioux Falls, SD | $14,982,683 | $7,335,530 |
Wakonda Club Des Moines, IA | $7,236,069 | $6,317,346 |
Lake Panorama Association Panora, IA | $17,811,601 | $6,436,840 |
Rochester Golf & Country Club Rochester, MN | $18,588,891 | $5,719,819 |
Hyperion Field Club Johnston, IA | $6,332,058 | $5,789,094 |
Cedar Rapids Country Club Cedar Rapids, IA | $15,264,326 | $6,818,996 |
Westmoor Country Club Brookfield, WI | $8,894,635 | $6,849,120 |
Crow Valley Golf Club Davenport, IA | $9,047,795 | $5,702,774 |