Bay Point Yacht Club Inc

Organization Overview

Bay Point Yacht Club Inc is located in Panama City, FL. The organization was established in 1988. 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. Bay Point 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 12/2019, Bay Point Yacht Club Inc generated $231.7k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $146.5k during the year ending 12/2019. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

Describe the Organization's Mission:

Part 3 - Line 1

BAY POINT YACHT CLUB SERVES 200 MEMBERS AND FAMILIES PROVIDING SOCIAL ACTIVITIES RELATED TO BOATING, CRUISING, AND BOAT/WATER SAFETY

Describe the Organization's Program Activity:

Part 3 - Line 4a

BAY POINT YACHT CLUB SERVES 200 MEMBERS AND FAMILIES, PROVIDING SOCIAL ACTIVITIES RELATED TO BOATING, CRUISING, AND BOAT/WATER SAFETY.


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Board, Officers & Key Employees

Name (title)Compensation
Greg Taylor
Director
$0
Linda Corcoran
Director
$0
Lee Jones
Director
$0
Jose Velez
Director
$0
Gwen Thome
Vice Commodore
$0
Jim Dawson
Treasurer
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$75,207
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$6,500
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$81,707
Total Program Service Revenue$149,940
Investment income $47
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 $0
Miscellaneous Revenue$0
Total Revenue $231,694

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