Upper Minnetonka Yacht Club
- Assets
- $454.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mound, MN
- Founding
- Data as of
- 12/2023
- EIN
- 41-0888761
Organization Overview
Upper Minnetonka Yacht Club is located in Mound, MN.
For the year ending 12/2023, Upper Minnetonka Yacht Club generated $100.5k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $90.1k during the year ending 12/2023. While expenses have increased by 8.4% per year over the past 4 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE CLUB WAS PROMOTING ITS SAILING CLINICS, BOTH FOR MCS AND KEELBOATS, OPENED TO THE PUBLIC. HELD WITH THE SAILING SCHOOL ITS ANNUAL OPEN HOUSE TO PROMOTE SAILING AND ENCOURAGE WATER-RELATED RECREATIONAL SPORTS. KEPT ITS MEMBERSHIP AND PUBLIC INFORMED WEEKLY (IF NOT MORE) ABOUT EVENTS AND ENCOURAGED CONTINUED PUBLIC PARTICIPATION TO MEMBERSHIP EVENTS, INCLUDING ITS SAILING SCHOOL KEELBOAT PROGRAMS.MC RACES WERE HELD TWICE WEEKLY FROM LATE MAY TO EARLY SEPTEMBER WEATHER PERMITING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Morical Commodore & Westonka Sailing Dir | 5.77 | $0 | |
Scott Colesworty Vice Commodore/treasurer | 3.85 | $0 | |
Kevin Kinny Secretary | 3.85 | $0 | |
John Grzybek Rear Commodore | 1.44 | $0 | |
Heidi Neuman Social Coordinator | 0.67 | $0 | |
Noel Neuman Racing Coordinator | 0.87 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $995 |
| Total Program Service Revenue | $0 |
| Membership dues | $13,890 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $85,565 |
| Total Revenue | $100,450 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $8,131 |
| Occupancy, rent, utilities, and maintenance | $50,042 |
| Printing, publications, postage, and shipping | $182 |
| Other expenses | $31,745 |
| Total expenses | $90,100 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $53,570 |
| Other assets | $0 |
| Total assets | $454,501 |
| Total liabilities | $55,450 |
| Net assets or fund balances | $399,051 |