Lake Arthur Yacht Club
- Assets
- $81.6k
- Revenue
- $74.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Lake Arthur, LA
- Founding
- 02/1985
- Data as of
- 12/2022
- EIN
- 72-0884992
Organization Overview
Lake Arthur Yacht Club is located in Lake Arthur, LA. The organization was established in 1985. 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. Lake Arthur 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 12/2022, Lake Arthur Yacht Club generated $74.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $85.1k during the year ending 12/2022. While expenses have increased by 6.0% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
INTEREST & DEPRECIATION EXPENSE
TO ENCOURAGE ATHLETIC AND OTHER EXERCISES OF ITS MEMBERS, AND TO FOSTER AND ENCOURAGE SOCIAL EXCHANGE AMONG ITS MEMBERS, AND TO THESE ENDS ESTABLISH AND MAINTAIN A YACHT CLUB FOR THE ADVANCEMENT OF THE SCIENCE OF SAILING AND YACHTING, AS ALSO A CLUBHOUSE, DOCKS, HARBORS, AND ALLIED FACILITIES AND APPURTENANCES, FOR THE PROMOTION OF SOCIAL EXCHANGE AMONG THOSE BECOMING MEMBERS OF SAID CORPORATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Handzus Commodore | Officer | 0 | $0 |
Robert Price Treasurer | Officer | 0 | $0 |
Richard Dejaynes Past Commodore | Officer | 0 | $0 |
Bennett Lapoint Rear Commodore | Officer | 0 | $0 |
Joseph R Marcantel Vice Commodore | Officer | 0 | $0 |
Francis Rush Board Member | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $74,343 |
| Membership dues | $0 |
| 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 | $74,343 |
| Total Program Service Revenue | $0 |
| Investment income | $6 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $74,349 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,267 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $6,990 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $410 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,452 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,161 |
| Insurance | $5,187 |
| All other expenses | $8 |
| Total functional expenses | $85,094 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,813 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $73,802 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $81,615 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $83,951 |
| Total liabilities | $83,951 |
| 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 | -$2,336 |
| Total liabilities and net assets/fund balances | $81,615 |
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