Walnut Valley Sailing Club
- Assets
- $193.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Wichita, KS
- Founding
- 06/1987
- Data as of
- 10/2022
- EIN
- 48-1010732
Organization Overview
Walnut Valley Sailing Club is located in Wichita, KS. The organization was established in 1987. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Walnut Valley Sailing Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 10/2022, Walnut Valley Sailing Club generated $72.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $57.1k during the year ending 10/2022. As we would expect to see with falling revenues, expenses have declined by (4.4%) per year over the past 7 years. 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
2022
Describe the Organization's Program Activity:
Part 3
PROVIDED 85 BOAT SLIPS AND A LAUNCHING DOCK FOR MEMBERS' USE. PROVIDED ~130 DRY STORAGE SPACES FOR MEMBERS' SAILBOATS. APPROXIMATELY 80 MEMBERSHIPS. PROVIDED ORGANIZED SAILING AND RACING ACTIVITIES. CONDUCTED SAFETY, RACING AND BOAT MAINTENANCE SEMINARS. PUBLISHED MONTHLY NEWSLETTERS AND MAINTAINED A WEBSITE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stuart Funk Vice Commodore | 3 | $0 | |
Chris Proudfoot Commodore | 8 | $0 | |
Austin Bayes Secretary | 3 | $0 | |
Tedd Blankenship Rear Commodore | 3 | $0 | |
Paul Schye Treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $46,755 |
| Membership dues | $25,537 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $24 |
| Total Revenue | $72,316 |
| 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 | $3,226 |
| Occupancy, rent, utilities, and maintenance | $49,285 |
| Printing, publications, postage, and shipping | $407 |
| Other expenses | $4,210 |
| Total expenses | $57,128 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $102,639 |
| Other assets | $0 |
| Total assets | $193,887 |
| Total liabilities | $1,155 |
| Net assets or fund balances | $192,732 |
Peer Organizations
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|---|---|---|
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Highlands Ranch Aquatics Club Inc Highlands Ranch, CO | $351,068 | $874,760 |
Santa Fe Trail Blazers Association Shawnee Mission, KS | $677,575 | $731,776 |
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Fort Collins Area Swim Team Fort Collins, CO | $370,611 | $817,877 |
Columbia Swim Club Columbia, MO | $301,870 | $790,539 |
Virginia Vale Swim Club Denver, CO | $1,323,375 | $697,771 |
Broomfield Barracudas Swim Club Broomfield, CO | $385,779 | $669,547 |
Flyers Aquatic Swim Team St Louis, MO | $223,017 | $557,660 |