Charlotte Harbor Yacht Club Inc is located in Port Charlotte, FL. The organization was established in 1974. 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, Charlotte Harbor Yacht Club Inc employed 72 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charlotte Harbor 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, Charlotte Harbor Yacht Club Inc generated $987.0k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. While expenses have increased by 0.5% per year over the past 4 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE SOCIAL ACTIVITIES FOR BOATERS AND NONBOATERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
FINE DINING FOOD AND BEVERAGE SERVICES FOR A MEMBERSHIP OF 147
OPERATIONAL EXPENSES UNREALTED ACTIVITY
FUEL AND DOCKAGE SERVICES FOR BOAT-OWNING MEMBERS
TO PROMOTE SOCIAL ACTIVITIES SUCH AS CRUISES, THEME PARTIES, MAJ JONGG AND BRIDGE
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Javier Albarran Director | Trustee | $0 | |
James Bennett Vice Commodo | OfficerTrustee | $0 | |
Beverly Brady Director | Trustee | $0 | |
Ralph Decesare Rear Commodo | OfficerTrustee | $0 | |
Doug Foster Treasurer | OfficerTrustee | $0 | |
Martin Holland Past Commodo | OfficerTrustee | $0 |
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 | $865,273 |
Investment income | $12 |
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 | $38,833 |
Miscellaneous Revenue | $0 |
Total Revenue | $987,043 |
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 | $374,162 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $60,203 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $191,626 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,642 |
Insurance | $40,378 |
All other expenses | $0 |
Total functional expenses | $1,137,801 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $25,523 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $22,241 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $24,751 |
Prepaid expenses and deferred charges | $9,275 |
Net Land, buildings, and equipment | $13,763 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $95,553 |
Accounts payable and accrued expenses | $42,664 |
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 | $25,000 |
Total liabilities | $67,664 |
Net assets without donor restrictions | $27,889 |
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 | $95,553 |