Ocean Springs Yacht Club Inc

Organization Overview

Ocean Springs Yacht Club Inc is located in Ocean Springs, MS. The organization was established in 1980. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Ocean Springs Yacht Club Inc employed 52 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ocean Springs 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 12/2023, Ocean Springs Yacht Club Inc generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $1.3m during the year ending 12/2023. While expenses have increased by 10.7% per year over the past 8 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

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO PROMOTE, FOSTER AND AFFORD OPPORTUNITIES FOR THE ENJOYMENT OF BOATING; TO OPERATE A YACHT CLUB FOR THE BENEFIT OF ITS MEMBERS; TO PROVIDE FOR SOCIAL INTERCOURSE AND INTELLECTUAL IMPROVEMENT, AND AMUSEMENT OF ITS MEMBERS

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROMOTE, FOSTER AND AFFORD OPPORTUNITIES FOR THE ENJOYMENT OF BOATING; TO OPERATE A YACHT CLUB FOR THE BENEFIT OF ITS MEMBERS; TO PROVIDE FOR SOCIAL INTERCOURSE AND INTELLECTUAL IMPROVEMENT, AND AMUSEMENT OF ITS MEMBERS


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$692,583
Fundraising events$43,829
Related organizations$0
Government grants $240,029
All other contributions, gifts, grants, and similar amounts not included above$406,806
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,383,247
Total Program Service Revenue$2,548
Investment income $18,628
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events -$13,403
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $127,277
Miscellaneous Revenue$0
Total Revenue $1,518,297

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