Pontchartrain Yacht Club
- Assets
- $1.6m
- Revenue
- $683.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Mandeville, LA
- Founding
- 05/1983
- Data as of
- 12/2021
- EIN
- 72-0696338
Organization Overview
Pontchartrain Yacht Club is located in Mandeville, LA. The organization was established in 1983. 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. Pontchartrain 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, Pontchartrain Yacht Club generated $683.3k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $670.6k during the year ending 12/2021. While expenses have increased by 2.5% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING PLEASURE AND RECREATION TO INDIVIDUALS INTERESTED IN BOATING, WATER & BOAT SAFETY, ETC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FUNDING TO ACCOMPLISH THE CLUB'S PURPOSE OF PROVIDING PLEASURE AND RECREATION TO INDIVIDUALS INTERESTED IN BOATING, WATER & BOAT SAFETY, ETC.
PROVIDE SAILING LESSONS, WATER & BOATING SAFETY INSTRUCTION.
PROVIDE FRATERNAL ENVIRONMENT FOR INDIVIDUALS WHO HAVE A COMMON INTEREST IN BOATING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Jones Vice-Commodore | OfficerTrustee | 1 | $0 |
Mary Mckeogh Rear Commodore | OfficerTrustee | 1 | $0 |
Court Richardson Commodore | OfficerTrustee | 1 | $0 |
Adele Dauphin Race Chair | Trustee | 1 | $0 |
Mike Messina House & Grounds | Trustee | 1 | $0 |
Max Albert One Design Chai | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $52,300 |
| 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 | $52,300 |
| Total Program Service Revenue | $531,777 |
| Investment income | $2,198 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $21,910 |
| Net Income from Fundraising Events | $4,528 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $19,742 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $683,320 |
| 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 | $156,279 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $21,632 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $34,237 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $28,950 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $44,848 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $24,991 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $71,851 |
| Insurance | $69,240 |
| All other expenses | $32,780 |
| Total functional expenses | $670,609 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $97,546 |
| Savings and temporary cash investments | $209,495 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $44,615 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $10,301 |
| Prepaid expenses and deferred charges | $46,365 |
| Net Land, buildings, and equipment | $1,219,846 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,628,168 |
| Accounts payable and accrued expenses | $83,260 |
| 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 | $642,330 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $725,590 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $108,334 |
| Paid-in or capital surplus, or land, building, or equipment fund | $359,379 |
| Retained earnings, endowment, accumulated income, or other funds | $434,865 |
| Total liabilities and net assets/fund balances | $1,628,168 |
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