Capital Yacht Club
- Assets
- $5.1m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 2
- Location
- Washington, DC
- Founding
- 11/1942
- Data as of
- 12/2021
- EIN
- 53-0428700
Organization Overview
Capital Yacht Club is located in Washington, DC. The organization was established in 1942. 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 12/2021, Capital Yacht Club employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Capital 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 12/2021, Capital Yacht Club generated $2.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $1.8m during the year ending 12/2021. While expenses have increased by 6.3% 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
TO PROVIDE FOR THE PLEASURE AND RECREATION OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAPITAL YACHT CLUB PROVIDES YACHT BASIN DOCKAGE AND OTHER CLUB SERVICES TO APPROXIMATELY 200 MEMBERS, THEIR DEPENDENTS AND GUESTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laurence Kent Jones Commodore | Officer | 20 | $0 |
Dalton Williams Rear Commodore | Officer | 20 | $0 |
Kelly Regal Vice Commodore | Officer | 20 | $0 |
Melanie Locke Secretary | Officer | 20 | $0 |
Matthew Anderson Treasurer | Officer | 20 | $0 |
Michael Sims Board Member | Trustee | 4 | $0 |
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 | $1,917,922 |
| Investment income | $2,853 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$14,669 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $9,871 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,998,577 |
| 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 | $156,476 |
| Pension plan accruals and contributions | $4,707 |
| Other employee benefits | $42,672 |
| Payroll taxes | $14,530 |
| Fees for services: Management | $176,688 |
| Fees for services: Legal | $12,523 |
| Fees for services: Accounting | $27,784 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,357 |
| Office expenses | $2,805 |
| Information technology | $17,772 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,786 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $115,370 |
| Insurance | $70,513 |
| All other expenses | $431,475 |
| Total functional expenses | $1,765,789 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,663,540 |
| Savings and temporary cash investments | $901,180 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $109,754 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $22,810 |
| Prepaid expenses and deferred charges | $703,426 |
| Net Land, buildings, and equipment | $876,369 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $829,729 |
| Other assets | $0 |
| Total assets | $5,106,808 |
| Accounts payable and accrued expenses | $58,181 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,733,653 |
| Total liabilities | $1,791,834 |
| Net assets without donor restrictions | $3,314,974 |
| 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 | $5,106,808 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Capital Yacht Club has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Near Southeast Community Partners Washington, DC PURPOSE: PRESERVATION OPERATING EXPENSES | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bethesda Country Club Inc Bethesda, MD | $26,747,430 | $19,774,534 |
Bellehaven Country Club Inc Alexandria, VA | $40,402,944 | $17,085,559 |
Willow Oaks Country Club Inc Richmond, VA | $15,889,652 | $10,037,529 |
Kinloch Golf Association Corp ManakinSabot, VA | $45,313,161 | $8,251,750 |
Burning Tree Club Inc Bethesda, MD | $67,642,850 | $7,903,276 |
Green Spring Valley Hunt Club Inc Owings Mills, MD | $13,554,156 | $4,798,008 |
Fawn Lake Country Club Inc Spotsylvania, VA | $6,315,628 | $4,381,511 |
Indian Acres Club Of Thornburg Inc Thornburg, VA | $3,207,965 | $3,761,723 |
Soccer Without Borders Baltimore, MD | $2,717,643 | $3,782,414 |
Fairfax Athletics Chantilly, VA | $1,491,331 | $2,679,286 |
Tuckahoe Recreation Club Inc Mclean, VA | $3,160,567 | $2,197,988 |
City Parks Alliance Inc Washington, DC | $851,997 | $1,767,125 |