The Grand Lake Yacht Club
- Assets
- $2.5m
- Revenue
- $302.6k
- Investments
- $0.0
- Employees
- 17
- Location
- Granby, CO
- Founding
- 06/2007
- Data as of
- 12/2023
- EIN
- 51-0633427
Organization Overview
The Grand Lake Yacht Club is located in Granby, CO. The organization was established in 2007. 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 12/2023, Grand Lake Yacht Club employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grand Lake 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 12/2023, Grand Lake Yacht Club generated $302.6k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $329.4k during the year ending 12/2023. While expenses have increased by 5.8% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE GLYC PURPOSE IS TO FURTHER THE INTERESTS OF COMPETITIVE AND RECREATIONAL SAILING UPON GRAND LAKE AND TO MAINTAIN CLUB FACILITIES AND SOCIAL FUNCTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GLYC PROVIDES A SAILING SCHOOL AS PART OF ITS EDUCATION PROGRAM TO FURTHER THE SAILING KNOWLEDGE OF CHILDREN IN THE COMMUNITY, BOTH FOR MEMBERS AND NON-MEMBERS. THROUGH MEMBERSHIP DUES AND ASSESSMENTS THE CLUB CONTINUES IN ITS MISSION TO FURTHER THE INTERESTS OF COMPETITIVE AND RECREATIONAL SAILING ON GRAND LAKE AND MAINTAING CLUB FACILITIES AND SOCIAL FUNCTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Scott Munn Commodore | OfficerTrustee | 15 | $0 |
John Odonnell Vice Commodore | OfficerTrustee | 10 | $0 |
Laurie Poulter Rear Commodore | OfficerTrustee | 12 | $0 |
Rory Fry Reitsema Secretary | OfficerTrustee | 10 | $0 |
Toni Campbell Treasurer | OfficerTrustee | 10 | $0 |
Thomas Harrington Communication Director | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $3,125 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $775 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,900 |
| Total Program Service Revenue | $233,105 |
| Investment income | $304 |
| 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 | $995 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $302,643 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $61,533 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,481 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,298 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $716 |
| Information technology | $2,592 |
| Royalties | $0 |
| Occupancy | $55,309 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $35,382 |
| Insurance | $65,417 |
| All other expenses | $0 |
| Total functional expenses | $329,412 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $302,018 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $203,550 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,211 |
| Prepaid expenses and deferred charges | $1,000 |
| Net Land, buildings, and equipment | $2,038,971 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,549,750 |
| Accounts payable and accrued expenses | $795 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $200,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $14 |
| Total liabilities | $200,809 |
| Net assets without donor restrictions | $0 |
| 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 | $2,348,941 |
| Total liabilities and net assets/fund balances | $2,549,750 |