Jackson Yacht Club
- Assets
- $3.7m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 67
- Location
- Ridgeland, MS
- Founding
- 10/1968
- Data as of
- 12/2021
- EIN
- 64-6013106
Organization Overview
Jackson Yacht Club is located in Ridgeland, MS. The organization was established in 1968. 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 12/2021, Jackson Yacht Club employed 67 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jackson 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, Jackson Yacht Club generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $1.0m during the year ending 12/2021. While expenses have increased by 0.7% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SERVICES TO DUES-PAYING MEMBERS OF THE JACKSON YACHT CLUB.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE JACKSON YACHT CLUB EXISTS TO PROVIDE SERVICES TO DUE-PAYING MEMBERS. SERVICES PROVIDED INCLUDE HOLDING REGATTAS AND PROVIDING SLIP RENTALS TO MEMBERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terre Schriver Commodore | OfficerTrustee | 2 | $0 |
Dale Hubbard Vice Commodo | OfficerTrustee | 2 | $0 |
Dillon Allen Rear Commodo | OfficerTrustee | 2 | $0 |
Cynthis Speetjens Secretary | OfficerTrustee | 2 | $0 |
Scott Catington Treasurer | OfficerTrustee | 2 | $0 |
Robert Muller Immediate Pa | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $872,038 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $872,038 |
| Total Program Service Revenue | $46,344 |
| Investment income | $10,488 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $173,721 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $143,993 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$52,302 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,195,016 |
| 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 | $161,935 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $38,585 |
| Fees for services: Management | $32,400 |
| Fees for services: Legal | $331 |
| Fees for services: Accounting | $21,878 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $29,260 |
| Office expenses | $10,723 |
| Information technology | $31,540 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,627 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $72,357 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $164,338 |
| Insurance | $110,456 |
| All other expenses | $80,713 |
| Total functional expenses | $1,045,005 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $150,486 |
| Savings and temporary cash investments | $222,610 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $152,625 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $30,280 |
| Prepaid expenses and deferred charges | $49,009 |
| Net Land, buildings, and equipment | $2,837,800 |
| Investments—publicly traded securities | $249,239 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,970 |
| Total assets | $3,694,019 |
| Accounts payable and accrued expenses | $158,868 |
| 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 | $1,258,786 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $28,333 |
| Total liabilities | $1,445,987 |
| 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 | $2,248,032 |
| Total liabilities and net assets/fund balances | $3,694,019 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
White Horse Holding Corporation Memphis, TN | $25,729,235 | $3,077,604 |