Corpus Christi Yacht Club

The information for Corpus Christi Yacht Club is as of the organization's most recent filing in September 2020. This organization is located in Corpus Christi, TX. It has been in existence for 57 years, following its founding in 1963.

Organization Classification

The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.

The Corpus Christi Yacht Club's NTEE code is N50. The "N" tells us that the organization is classified along with Recreation & Sports. The "50" tells us that the organization is a Recreational Club. The NTEE describes Recreational Clubs as organizations that make available to members and their guests facilities for recreational activities, sports and games, social clubs that provide opportunities for people to meet and socialize, and special interest clubs which enable people to share hobbies or interests with individuals with the same interests.

Every organization is also governed by a specific section of the Internal Revenue Code. This organization happens to be a 501(c)(7) organization. The IRS describes these organizations as Social and Recreational Clubs.

Perhaps the most accurate way to get a sense of what the organization hopes to achieve is by looking at its mission. The mission of the Corpus Christi Yacht Club is to provide private club facilities and services.

Program Areas

The organization provides private club facilities and services to approximately 700 members with interests in yachting and social activities related thereto.

Organization Staffing

Corpus Christi Yacht Club has 90 employees, one of whom was paid more than $100k according to the organization's most recent 990 tax filing. There were no volunteers reported.

Board Governance

The Corpus Christi Yacht Club is well-governed, with 11 voting members and 11 independent members. Potential conflicts of interest do not exist, and the organization has not delegated management to an outside firm. Board and committee meetings are both documented, and the organization has a written whistleblower policy as well as a document retention policy. The organization substantiates and reviews leadership salary, and provides copies of the 990 to the board prior to filing. These practices ensure that the Corpus Christi Yacht Club is run in a transparent and accountable manner.

Organization Growth

The Corpus Christi Yacht Club has grown significantly over the last 5 years. Contributions and grants received increased from $1.2M in 2014 to $1.6M in 2019, and investment income increased from $1.3K in 2014 to $13.1K in 2019. Total revenue increased from $1.1M to $1.4M, and employee salaries increased from $354.9K in 2014 to $413.2K in 2019. Total expenses increased from $1.1M in 2014 to $1.3M in 2019, and the total number of employees increased from 81 to 90 over the same time period. This indicates that the Corpus Christi Yacht Club has seen continued growth and success over the past 5 years.