St Andrews Bay Yacht Club

Organization Overview

St Andrews Bay Yacht Club is located in Panama City, FL. The organization was established in 1945. 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, St Andrews Bay Yacht Club employed 73 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Andrews Bay 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, St Andrews Bay Yacht Club generated $1.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 4.1% per year over the past 6 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

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO ENCOURAGE AND DEVELOP ACTIVITIES THAT PARTICIPATE IN THE NATURE OF YACHTING AND BOATING, TO FORM A CLOSE ASSOCIATION AMONG ITS MEMBERS AND THE MEMBERS OF OTHER YACHT CLUBS THROUGHOUT THE GULF COAST.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE YACHT CLUB PROVIDES A SOCIAL SETTING FOR INSTRUCTION, PROMOTION, AND SUPPORT OF SAILING, POWER BOATING, WATER SAFETY AND RELATED ACTIVITIES. CLUB HAS TRAINED INDIVIDUALS AND TEAMS THAT HAVE COMPETED IN LOCAL, REGIONAL, STATE, NATIONAL AND WORLD CLASS EVENTS.


THE YACHT CLUB PROVIDES A SOCIAL SETTING FOR INSTRUCTION, PROMOTION, AND SUPPORT OF SAILING, POWER BOATING, WATER SAFETY AND RELATED ACTIVITIES. CLUB HAS TRAINED INDIVIDUALS AND TEAMS THAT HAVE COMPETED IN LOCAL, REGIONAL, STATE, NATIONAL AND WORLD CLASS EVENTS.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$1,091,354
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$1,050
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,092,404
Total Program Service Revenue$0
Investment income $741
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $320
Net Gain/Loss on Asset Sales $7,856
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $86,780
Miscellaneous Revenue$0
Total Revenue $1,255,776

Endowment Analysis

Beg. Balance$61,647
Earnings-$6,254
Ending Balance$55,393

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