St Croix Yacht Club Inc
- Assets
- $1.0m
- Revenue
- $683.4k
- Investments
- $0.0
- Employees
- 42
- Location
- Christiansted, VI
- Founding
- Data as of
- 12/2022
- EIN
- 67-0251709
Organization Overview
St Croix Yacht Club Inc is located in Christiansted, VI. As of 12/2022, St Croix Yacht Club Inc employed 42 individuals. St Croix 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 12/2022, St Croix Yacht Club Inc generated $683.4k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $686.0k during the year ending 12/2022. While expenses have increased by 11.0% per year over the past 6 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTING INTEREST AND ACTIVITY IN THE OWNERSHIP, RACING AND CRUISING OF YACHTS AND SMALL BOATS; PROVIDING A MEETING PLACE FOR MEMBERS; AUGMENTING THE RECREATIONAL FACILITIES AND VISITOR ATTRACTIONS OF THE ISLAND OF ST. CROIX.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Boschen Rear-Commodo | OfficerTrustee | 10 | $0 |
Cecile Castruccio Director | Trustee | 15 | $0 |
Karl Gruber Commodore | OfficerTrustee | 20 | $0 |
Nancy Hasson Vice-Commodo | OfficerTrustee | 15 | $0 |
Beecher Higby Fleet Captai | OfficerTrustee | 5 | $0 |
Stan Joines Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $391,229 |
| Fundraising events | $13,993 |
| Related organizations | $0 |
| Government grants | $15,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,949 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $426,671 |
| Total Program Service Revenue | $139,061 |
| Investment income | $1,799 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$12,506 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $128,127 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $683,436 |
| 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. | $53,286 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $307,701 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,721 |
| Payroll taxes | $49,369 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,929 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $778 |
| Office expenses | $11,958 |
| Information technology | $2,052 |
| Royalties | $0 |
| Occupancy | $74,889 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,961 |
| Insurance | $49,078 |
| All other expenses | $1,360 |
| Total functional expenses | $686,024 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $191,217 |
| Savings and temporary cash investments | $486,473 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $121,392 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,000 |
| Prepaid expenses and deferred charges | $14,794 |
| Net Land, buildings, and equipment | $203,493 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,853 |
| Total assets | $1,021,222 |
| Accounts payable and accrued expenses | $14,247 |
| Grants payable | $0 |
| Deferred revenue | $339,296 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,228 |
| Total liabilities | $362,771 |
| Net assets without donor restrictions | $308,395 |
| Net assets with donor restrictions | $350,056 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,021,222 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Frederiksted Health Care Inc St Croix, VI | $25,863,621 | $26,831,078 |
St Thomas East End Medical Center Corporation St Thomas, VI | $1,609,668 | $8,773,440 |