Palm Sola Bay Yacht Club Inc
- Assets
- $134.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bradenton, FL
- Founding
- 09/1966
- Data as of
- 05/2024
- EIN
- 59-1082918
Organization Overview
Palm Sola Bay Yacht Club Inc is located in Bradenton, FL. The organization was established in 1966. 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. Palm Sola Bay 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 05/2024, Palm Sola Bay Yacht Club Inc generated $82.2k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $82.4k during the year ending 05/2024. While expenses have increased by 13.2% per year over the past 9 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
PALMA SOLA BAY YACHT CLUB HAS ENABLED LIKE-MINDED INDIVIDUALS WITH AN INTEREST IN YACHTING TO SOCIALIZE AND PROMOTE THE MAINTENANCE AND BEAUTIFICATION OF THE LOCAL PARK, BOAT DOCKS, AND BOAT BASIN THROUGH MEMBERSHIP DUES AND DOCK RENTAL INCOME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Balais Commodore | 1 | $0 | |
Dee Hailey Vice Commodo | 1 | $0 | |
Renee' Healey Treasurer | 2 | $0 | |
Lori Richie Secretary | 1 | $0 | |
Joyce Delacour Fleet Captai | 1 | $0 | |
Martha Edwards Rear Commodo | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,615 |
| Membership dues | $14,700 |
| Investment income | $1,675 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $64,243 |
| Total Revenue | $82,233 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $980 |
| Occupancy, rent, utilities, and maintenance | $55,005 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $26,413 |
| Total expenses | $82,398 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $134,382 |
| Other assets | $0 |
| Total assets | $134,382 |
| Total liabilities | $0 |
| Net assets or fund balances | $134,382 |