Fairhope Yacht Club

Organization Overview

Fairhope Yacht Club is located in Fairhope, AL. The organization was established in 1986. 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 12/2021, Fairhope Yacht Club employed 78 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fairhope Yacht Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.

For the year ending 12/2021, Fairhope Yacht Club generated $1.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $1.8m during the year ending 12/2021. While expenses have increased by 3.0% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE ORGANIZATION'S PURPOSE IS TO SUPPORT AND ENCOURAGE THE SPORT OF YACHTING, INCLUDING SAILING, RACING, POWER BOATING AND CRUISING

Describe the Organization's Program Activity:

Part 3 - Line 4a

HARBOR SLIPS; SAILING AND POWER BOAT SLIPS WITH BOAT RAMP AND TWO HOISTS - 400+ INVOLVED MEMBERS


JR SAILING AND TRAINING PROGRAMS - 3 HIGH SCHOOL PROGRAMS FOR LOCAL HIGH SCHOOL STUDENTS ALSON WITH JR YACHT CLUB RACE & REGATTA INCLUDING FLEET, COMMITTEE BOAT AND OTHER REGATTAS


MAINSHEET - INFORMATION PUBLICATION


ALL OTHER RELATED PROGRAMS


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Board, Officers & Key Employees

Name (title)Compensation
Pat Colvin
Office Manager
$50,457
Kevin Brooks
Bar & Rest Mgr/chef
$41,200
Matthew Brown
Bar & Rest Mgr/chef
$28,721
Scott Hartwell
Board Member
$0
John Adams
Board Member
$0
Carl Weckmen
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$663,906
Fundraising events$1,357
Related organizations$0
Government grants $116,012
All other contributions, gifts, grants, and similar amounts not included above$219,297
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,000,572
Total Program Service Revenue$312,590
Investment income $62
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $4,333
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 $603,422
Miscellaneous Revenue$0
Total Revenue $1,926,688

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