Pensacola Beach Yacht Club Inc
- Assets
- $684.2k
- Revenue
- $27.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Gulf Breeze, FL
- Founding
- 08/1983
- Data as of
- 06/2016
- EIN
- 59-2285482
Organization Overview
Pensacola Beach Yacht Club Inc is located in Gulf Breeze, FL. The organization was established in 1983. 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. Pensacola Beach Yacht Club Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2016
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZED TO PROMOTE SOCIAL, RECREATIONAL, AND EDUCATIONAL BENEFITS TO MEMBERS, WITHIN THE BOATING COMMUNITY, AND TO INCREASE AND ENHANCE THE SEAMANSHIP SKILLS, OF SUCH MEMBERS WHILE PROMOTING SAFETY ON WATERWAYS
Describe the Organization's Program Activity:
Part 3 - Line 4a
RECREATIONAL BOATING AND BOATING SAFETY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Pedersen Pres | Officer | 5 | $0 |
Michael Blanda Tres | Officer | 2 | $0 |
Christi Colabianchi Secty | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,724 |
| 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 | -$1,414 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $27,671 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $304 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $450 |
| 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 | $300 |
| Royalties | $0 |
| Occupancy | $1,176 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $16,710 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,224 |
| Insurance | $7,875 |
| All other expenses | $0 |
| Total functional expenses | $38,585 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,603 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $330 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,049 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $500 |
| Total assets | $684,244 |
| Accounts payable and accrued expenses | $0 |
| 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 | $350,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $350,000 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $4,049 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $334,244 |
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