Charlotte Yacht Club Inc

Organization Overview

Charlotte Yacht Club Inc is located in Charlotte, NC. The organization was established in 1968. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, 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. Charlotte 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 12/2023, Charlotte Yacht Club Inc generated $86.1k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $76.8k during the year ending 12/2023. While expenses have increased by 15.4% per year over the past 5 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

BOATING AND RECREATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

CACULATED EXPENSES ARE COMPRISED OF GENERAL OCCUPANCY EXPENSES TO INCLUDE UTILITIES, SECURITY, MAINTENANCE, PROPERTY TAX, SUPPLIES, LOAN PAYMENTS. ACCOMPLISHED THE MAINTENANCE OF CLUBHOUSE, DOCKS & GROUNDS.


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Board, Officers & Key Employees

Name (title)Compensation
Jean Hart
Director
$0
Kevin Houck
Director
$0
Dennis Truluck
Director
$0
Kelly Cannon
Treasurer
$0
Scottie Green
President
$0
Mitch Muller
Vice Preside
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$43,382
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$43,382
Total Program Service Revenue$42,754
Investment income $0
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 $0
Miscellaneous Revenue$0
Total Revenue $86,136

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