Annapolis Yacht Club Inc
- Assets
- $63.1m
- Revenue
- $10.2m
- Investments
- $0.0
- Employees
- 377
- Location
- Annapolis, MD
- Founding
- 04/1945
- Data as of
- 12/2022
- 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 12/2022, Annapolis Yacht Club Inc employed 377 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 12/2022, Annapolis Yacht Club Inc generated $10.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $9.3m during the year ending 12/2022. While expenses have increased by 2.4% per year over the past 8 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
2022
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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan Bartlett Past Commodore | Trustee | 1 | $0 |
Keith Misner General Member | Trustee | 1 | $0 |
C Edward Hartman III Commodore | OfficerTrustee | 1 | $0 |
Walter Laird Fleet Captain | Trustee | 1 | $0 |
Timothy Cusack Vice Commodore | OfficerTrustee | 1 | $0 |
Jennifer Norwood Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kelly Benefits Benefits Administration | 12/30/22 | $451,208 |
Smart Computing Solutions Technology | 12/30/22 | $173,631 |
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 | $5,425,165 |
| Investment income | $109,420 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$18,666 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $589,640 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,221,791 |
| 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. | $822,469 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,735,049 |
| Pension plan accruals and contributions | $76,514 |
| Other employee benefits | $527,200 |
| Payroll taxes | $198,605 |
| Fees for services: Management | $1,957 |
| Fees for services: Legal | $40,167 |
| 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 | $0 |
| Advertising and promotion | $83,204 |
| Office expenses | $452,989 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $716,330 |
| Travel | $11,869 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $727,620 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,026,702 |
| Insurance | $255,249 |
| All other expenses | $251,424 |
| Total functional expenses | $9,304,082 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $365,395 |
| Savings and temporary cash investments | $12,258,958 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,555,093 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $464,531 |
| Inventories for sale or use | $431,502 |
| Prepaid expenses and deferred charges | $375,576 |
| Net Land, buildings, and equipment | $43,635,949 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $63,087,004 |
| Accounts payable and accrued expenses | $859,311 |
| Grants payable | $0 |
| Deferred revenue | $9,539,774 |
| 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 | $17,385,845 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $27,784,930 |
| Net assets without donor restrictions | $35,302,074 |
| 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 | $63,087,004 |