The Lake Eustis Sailing Club Inc
- Assets
- $495.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Eustis, FL
- Founding
- 01/1995
- Data as of
- 08/2024
- EIN
- 59-2904104
Organization Overview
The Lake Eustis Sailing Club Inc is located in Eustis, FL. The organization was established in 1995. According to its NTEE Classification (N67) the organization is classified as: Swimming & Other Water Recreation, 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. Lake Eustis Sailing Club Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 08/2024, Lake Eustis Sailing Club Inc generated $148.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $114.4k during the year ending 08/2024. While expenses have increased by 5.8% 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
THE CLUB CONDUCTED 40 DAYS OF RACING FOR ITS MEMBERSHIP AND HOSTED 7 MAJOR REGATTAS INCORPORATING APPROXIMATELY 50 RACES FOR MEMBERS AND SAILORS FROM THE EASTERN US AND CANADA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig Eaton Commodore | 4 | $0 | |
Tony Porterfield Vice Commodore | 4 | $0 | |
David Leather Secretary | 12 | $0 | |
John Cadman Treasurer | 8 | $0 | |
Robert Krentel Director | 4 | $0 | |
Patricia Kuntz Past Commodore | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,750 |
| Total Program Service Revenue | $95,197 |
| Membership dues | $37,345 |
| Investment income | $5,373 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $148,665 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $29,100 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $85,268 |
| Total expenses | $114,368 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $214,957 |
| Other assets | $0 |
| Total assets | $495,615 |
| Total liabilities | $2,726 |
| Net assets or fund balances | $492,889 |