Boca Grande Pass Yacht Club Inc
- Assets
- $154.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Boca Grande, FL
- Founding
- 07/1997
- Data as of
- 04/2023
- EIN
- 65-0695654
Organization Overview
Boca Grande Pass Yacht Club Inc is located in Boca Grande, FL. The organization was established in 1997. 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. Boca Grande Pass 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 04/2023, Boca Grande Pass Yacht Club Inc generated $87.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $63.5k during the year ending 04/2023. As we would expect to see with falling revenues, expenses have declined by (5.4%) per year over the past 8 years. 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
2023
Describe the Organization's Program Activity:
Part 3
TO PROVIDE SOCIAL EVENTS FOR ITS MEMBERS AND THEIR GUESTS; TO PROMOTE GOOD SEAMANSHIP; AND TO ERECT, CONSTRUCT, PURCHASE, REPAIR, IMPROVE, MAINTAIN, AND OPERATE RECREATIONAL FACILITIES, BUILDINGS AND AREAS OF EVERY KIND, FOR THE BENEFIT OF ITS MEMBERS, AND TO PROMOTE SOCIAL HARMONY AMONG THEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Wiggin Commodore | 2 | $0 | |
Jean Corey Vice Commodo | 2 | $0 | |
Dan Headington Secretary | 2 | $0 | |
Drew Tucker Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $72,250 |
| Total Program Service Revenue | $900 |
| Membership dues | $0 |
| Investment income | $56 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $14,376 |
| Other Revenue | $0 |
| Total Revenue | $87,582 |
| 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 | $5,171 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $1,147 |
| Other expenses | $57,197 |
| Total expenses | $63,515 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $147,927 |
| Other assets | $0 |
| Total assets | $154,047 |
| Total liabilities | $12,445 |
| Net assets or fund balances | $141,602 |