Long Beach Yacht Club Inc
- Assets
- $531.1k
- Revenue
- $126.7k
- Investments
- $0.0
- Employees
- 1
- Location
- Long Beach, MS
- Founding
- 01/1984
- Data as of
- 12/2021
- EIN
- 64-0658205
Organization Overview
Long Beach Yacht Club Inc is located in Long Beach, MS. The organization was established in 1984. 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. Long Beach 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 12/2021, Long Beach Yacht Club Inc generated $126.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (3.0%) each year. All expenses for the organization totaled $155.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ESTABLISH AND CARRY ON THE NORMAL AFFAIRS OF A YACHT CLUB. TO PROMOTE SAILING, BOATING AND OTHER RELATED WATER ACTIVITIES. TO JOIN AND PARTICIPATE IN YACHTING ASSOCIATIONS FOR COMPETITION AND SOCIAL ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ESTABLISH AND CARRY ON THE NORMAL AFFAIRS OF A YACHT CLUB. TO PROMOTE SAILING, BOATING AND OTHER RELATED WATER ACTIVITIES. TO JOIN AND PARTICIPATE IN YACHTING ASSOCIATIONS FOR COMPETITION AND SOCIAL ACTIVITIES. TO HAVE NECESSARY FACILITIES TO HOUSE A CLUB, WHICH WOULD CONTAIN A BUILDING OR BUILDINGS, SWIMMING POOL, MARINA OR OTHER DOCKING FACILITY, ETC. TO PURCHASE, LEASE OR RENT REAL PROPERTY TO ESTABLISH CLUB FACILITIES. TO APPLY FOR BEER AND LIQUOR LICENSES TO OPERATE A BAR AND LOUNGE FOR CLUB MEMBERS. TO APPLY FOR NECESSARY PERMITS FOR THE PURPOSES OF FOOD SERVICES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda F Johnson Bartender | 40 | $14,551 | |
Shelda Jones Secretary | Officer | 5 | $0 |
Pam Rice Past Commodore | Officer | 15 | $0 |
Patrick Holifield Commodore | Officer | 15 | $0 |
June Wiggins Treasurer | Officer | 5 | $0 |
Mike Butcher Fleet Captain | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $70,592 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,108 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $82,700 |
| Total Program Service Revenue | $12,559 |
| Investment income | $14 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,157 |
| 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 | $28,297 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $126,727 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,551 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,560 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,633 |
| Fees for services: Accounting | $4,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,406 |
| Advertising and promotion | $0 |
| Office expenses | $276 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,571 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,551 |
| Interest | $1,151 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,849 |
| Insurance | $37,500 |
| All other expenses | $3,092 |
| Total functional expenses | $154,973 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,659 |
| Savings and temporary cash investments | $34,552 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $477,470 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $433 |
| Total assets | $531,114 |
| Accounts payable and accrued expenses | $26,423 |
| 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 | $12,279 |
| Unsecured mortgages and notes payable | $60,670 |
| Other liabilities | $0 |
| Total liabilities | $99,372 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $431,742 |
| Total liabilities and net assets/fund balances | $531,114 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Country Club Of Birmingham Mountain Brook, AL | $47,639,454 | $23,076,044 |
Baton Rouge Country Club Inc Baton Rouge, LA | $28,846,628 | $10,362,184 |
Memphis Country Club Memphis, TN | $17,898,426 | $9,558,758 |
Krewe Of Bacchus Inc New Orleans, LA | $5,050,746 | $6,016,204 |
Hoover Country Club Birmingham, AL | $6,182,336 | $5,552,776 |
Dothan Country Club Dothan, AL | $9,614,467 | $5,061,847 |
River Hills Club Of Jackson Inc Jackson, MS | $9,139,589 | $4,526,237 |
Hot Springs Country Club Inc Hot Springs, AR | $2,661,246 | $3,999,960 |
Fayetteville Country Club Fayetteville, AR | $3,475,139 | $2,992,560 |
Jonesboro Country Club Inc Jonesboro, AR | $7,876,752 | $3,184,262 |
Diamante Members Club Inc Hot Springs Village, AR | $6,478,164 | $2,689,723 |
Cedar Creek Yacht Club Inc Mount Juliet, TN | $5,465,434 | $1,466,060 |