Annapolis Yacht Club Inc
- Assets
- $62.2m
- Revenue
- $12.8m
- Investments
- $0.0
- Employees
- 381
- Location
- Annapolis, MD
- Founding
- 04/1945
- Data as of
- 12/2021
- EIN
- 52-0227500
Organization Overview
Annapolis Yacht Club Inc is located in Annapolis, MD. The organization was established in 1945. 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, Annapolis Yacht Club Inc employed 381 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Annapolis Yacht Club Inc 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, Annapolis Yacht Club Inc generated $12.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $12.2m during the year ending 12/2021. While expenses have increased by 6.7% 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
SOCIAL AND RECREATIONAL ACTIVITIES FOR MEMBERS SUCH AS YACHTING AND DINING FACILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB PROVIDES SOCIAL AND RECREATIONAL ACTIVITIES TO ITS MEMBERS SUCH AS YACHTING AND DINING FACILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Asch General Manager | Officer | 40 | $466,297 |
Michael Herr Executive Chef | 40 | $185,553 | |
Tracie Parkinson Hr/membership Director | 40 | $168,179 | |
Anne Connolly Director Of Finance | Officer | 40 | $152,687 |
James Ellis Past Commodore | OfficerTrustee | 1 | $0 |
Jonathan Bartlett Commodore | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kelly Benefits Benefits Administration | 12/30/21 | $412,892 |
Atc Event Services Llc Temporary Staffing | 12/30/21 | $186,502 |
Smart Computing Solutions Technology | 12/30/21 | $106,664 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $6,964,509 |
| Investment income | $10,680 |
| 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 | $4,287,127 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,813,958 |
| 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. | $661,948 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,595,185 |
| Pension plan accruals and contributions | $55,741 |
| Other employee benefits | $673,835 |
| Payroll taxes | $516,181 |
| Fees for services: Management | $9,044 |
| Fees for services: Legal | $1,610 |
| Fees for services: Accounting | $45,387 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $53,382 |
| Office expenses | $165,927 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $579,903 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $756,517 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,970,932 |
| Insurance | $181,200 |
| All other expenses | $709,775 |
| Total functional expenses | $12,151,416 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $189,150 |
| Savings and temporary cash investments | $11,913,207 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,125,960 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $170,641 |
| Inventories for sale or use | $388,966 |
| Prepaid expenses and deferred charges | $212,529 |
| Net Land, buildings, and equipment | $44,192,662 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $62,193,115 |
| Accounts payable and accrued expenses | $987,973 |
| Grants payable | $0 |
| Deferred revenue | $8,930,851 |
| 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 | $18,103,424 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $28,022,248 |
| Net assets without donor restrictions | $34,170,867 |
| 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 | $62,193,115 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Annapolis Yacht Club Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Edward Freitag & Martha Haley Family Foundation 749-74d24 Baltimore, MD PURPOSE: GENERAL | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Union League Of Philadelphia Philadelphia, PA | $166,421,963 | $49,124,019 |
Delta Sigma Theta Sorority Inc Washington, DC | $59,604,954 | $43,935,038 |
Army Navy Country Club Arlington, VA | $99,356,910 | $42,965,360 |
Country Club Of Virginia Inc Richmond, VA | $91,534,297 | $40,685,067 |
Congressional Country Club Inc Bethesda, MD | $78,316,209 | $29,100,314 |
Chevy Chase Club Inc Chevy Chase, MD | $66,940,188 | $32,070,138 |
Woodmont Country Club Rockville, MD | $56,166,542 | $22,075,767 |
Baltimore Country Club Of Baltimore City Baltimore, MD | $35,586,521 | $23,737,459 |
Farmington Country Club Inc Charlottesville, VA | $52,436,644 | $25,257,129 |
Saucon Valley Country Club Bethlehem, PA | $67,852,931 | $24,203,066 |
Columbia Country Club Chevy Chase, MD | $51,891,404 | $22,067,092 |
Washington Golf And Country Club Inc Arlington, VA | $48,455,931 | $21,067,505 |