Shreveport Yacht Club Inc
- Assets
- $3.1m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 32
- Location
- Shreveport, LA
- Founding
- Data as of
- 12/2021
- EIN
- 72-0406559
Organization Overview
Shreveport Yacht Club Inc is located in Shreveport, LA. As of 12/2021, Shreveport Yacht Club Inc employed 32 individuals. Shreveport 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, Shreveport Yacht Club Inc generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 17.1% each year . All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 17.3% per year over the past 5 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
FOSTER INTEREST AMONG ITS MEMBERS IN MOTOR BOATING, SAIL BOATING, FISHING, SOCIAL AND OTHER RECREATIONAL ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE RECREATIONAL BOATING, INSTRUCTION IN BOATING SAFETY, & BOAT SLIP RENTAL/STORAGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Fulco Commodore | OfficerTrustee | 10 | $0 |
Donald Hathaway Vice Commodo | OfficerTrustee | 10 | $0 |
William Bradford Treasurer | OfficerTrustee | 10 | $0 |
Jeffrey Little Secretary | OfficerTrustee | 10 | $0 |
Steven Craig Rear Commodo | OfficerTrustee | 10 | $0 |
James Coe Director At | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $532,720 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $77,652 |
| 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 | $610,372 |
| Total Program Service Revenue | $307,664 |
| Investment income | $17 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $263,469 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,184,422 |
| 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 | $36,430 |
| 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 | $431,349 |
| Pension plan accruals and contributions | $4,269 |
| Other employee benefits | $36,872 |
| Payroll taxes | $34,738 |
| Fees for services: Management | $7,336 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,525 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,980 |
| Advertising and promotion | $1,855 |
| Office expenses | $7,427 |
| Information technology | $1,295 |
| Royalties | $0 |
| Occupancy | $1,373 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $63,066 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $143,868 |
| Insurance | $89,940 |
| All other expenses | $42,577 |
| Total functional expenses | $1,088,040 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $134,771 |
| Savings and temporary cash investments | $61,613 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $44,358 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $42,744 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,860,529 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,144,015 |
| Accounts payable and accrued expenses | $1,356 |
| 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 | $1,913,401 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,188 |
| Total liabilities | $1,925,945 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $120,000 |
| Paid-in or capital surplus, or land, building, or equipment fund | $66,477 |
| Retained earnings, endowment, accumulated income, or other funds | $1,031,593 |
| Total liabilities and net assets/fund balances | $3,144,015 |
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