Cedar Mills Yacht Club Inc
- Assets
- $47.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Denton, TX
- Founding
- 09/1985
- Data as of
- 12/2021
- EIN
- 75-2016111
Organization Overview
Cedar Mills Yacht Club Inc is located in Denton, TX. 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. Cedar Mills 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, Cedar Mills Yacht Club Inc generated $30.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.7%) each year. All expenses for the organization totaled $26.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE YACHT CLUB PROVIDED FACILITIES TO MEMBERS IN THE FUTHERANCE OF THE SPORT OF SAILING AND PROVIDED SAFETY AND EDUCATIONAL INSTRUCTION CONSISTENT WITH U.S. COAST GUARD RULES AND REGULATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Bauer Director | 0 | $0 | |
Carol Gerow Treasurer | 4 | $0 | |
Marilyn Goss Secretary | 4 | $0 | |
Geoff Wallace Race Captain | 4 | $0 | |
Cef Cristi Vice Commodore | 4 | $0 | |
Lisa Bonnot Rear Commodore | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,106 |
| Total Program Service Revenue | $0 |
| Membership dues | $29,038 |
| Investment income | $4 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $30,148 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $8,580 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $18,218 |
| Total expenses | $26,798 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $37,652 |
| Other assets | $0 |
| Total assets | $46,982 |
| Total liabilities | $0 |
| Net assets or fund balances | $46,982 |
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