Savannah Yacht Club Inc

Organization Overview

Savannah Yacht Club Inc is located in Savannah, GA. The organization was established in 1963. 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, Savannah Yacht Club Inc employed 206 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Savannah 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, Savannah Yacht Club Inc generated $7.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $6.4m during the year ending 12/2022. While expenses have increased by 5.1% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

OPERATION OF A YACHT CLUB, INCLUDING A RESTAURANT, LOUNGE, DOCK AND SPORTS FACILITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

OPERATION OF A YACHT CLUB, INCLUDING A RESTAURANT, LOUNGE, DOCK & SPORTS FACILITIES.


OPERATION OF A YACHT CLUB, INCLUDING A RESTAURANT, LOUNGE, DOCK & SPORTS FACILITIES.


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Board, Officers & Key Employees

Name (title)Compensation
Melissa Foster
Secretary
$0
Toby Moreau
Past Commodo
$0
Jim Sheffield
Commodore
$0
Loy Allmond
Treasurer
$0
Denton Stone
Vice Commodo
$0
Richard Coomer
Rear Commodo
$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$4,323,668
Investment income $5,031
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$1,212
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $2,691,004
Miscellaneous Revenue$0
Total Revenue $7,020,039

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