North Flathead Yacht Club
- Assets
- $1.0m
- Revenue
- $185.1k
- Investments
- $0.0
- Employees
- 5
- Location
- Somers, MT
- Founding
- 05/1977
- Data as of
- 12/2021
- EIN
- 81-0358284
Organization Overview
North Flathead Yacht Club is located in Somers, MT. The organization was established in 1977. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, North Flathead Yacht Club employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Flathead 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, North Flathead Yacht Club generated $185.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $127.5k during the year ending 12/2021. While expenses have increased by 0.3% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE/MAINTAIN FACILITIES AND ENCOURAGE PARTICIPATION IN THE SPORT OF SAILING
Describe the Organization's Program Activity:
Part 3 - Line 4a
A MEMBERSHIP ORGANIZATION FORMED TO ENHANCE ENJOYMENT OF THE SPORT OF SAILING AND PROVIDE AND MAINTAIN FACILITIES FOR THAT PURPOSE ON THE SHORES OF FLATHEAD LAKE. NFYC ALSO MAINTAINS A STRONG RACING PROGRAM, AND PROVIDES CRUISING EVENTS, SOCIAL EVENTS, AND SAFETY PROGRAMS FOR ITS MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
M'lynn Schwartz Treasurer | OfficerTrustee | 2 | $0 |
Dick Graf Rear Commodore | OfficerTrustee | 2 | $0 |
Gayle Graf Secretary | OfficerTrustee | 2 | $0 |
Ashli Slawter Vice Commodore | OfficerTrustee | 1 | $0 |
Jennifer Fisher Commodore | OfficerTrustee | 2 | $0 |
George Michels Port Captain | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| 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 | $0 |
| Total Program Service Revenue | $178,206 |
| Investment income | $1,072 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $5,856 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $185,134 |
| 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 | $10,936 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $916 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $400 |
| 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 | $132 |
| Information technology | $103 |
| Royalties | $0 |
| Occupancy | $33,302 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $15,218 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,064 |
| Insurance | $12,835 |
| All other expenses | $1,576 |
| Total functional expenses | $127,460 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,522 |
| Savings and temporary cash investments | $247,984 |
| 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 | $727,023 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $19,352 |
| Total assets | $1,008,881 |
| Accounts payable and accrued expenses | $210 |
| 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 | $194,673 |
| Total liabilities | $194,883 |
| 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 | $813,998 |
| Total liabilities and net assets/fund balances | $1,008,881 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Valley Club Inc Sun Valley, ID | $38,309,857 | $11,290,911 |
Riverside Country Club Bozeman, MT | $8,302,161 | $5,529,708 |
Hilands Golf Club Billings, MT | $6,520,753 | $2,793,095 |
Missoula Country Club Missoula, MT | $5,305,401 | $2,802,578 |
Green Meadow Country Club Inc Helena, MT | $5,719,018 | $2,526,080 |
The Briarwood Billings, MT | $3,036,750 | $2,417,194 |
Boone And Crockett Club Foundation Inc Missoula, MT | $32,216,253 | $1,881,297 |
Brookings Country Club East Side Of Lake Campbell Brookings, SD | $1,752,709 | $1,276,895 |
Sidney Golf & Country Club Sidney, MT | $1,357,338 | $1,233,094 |
Jamestown Country Club Jamestown, ND | $1,521,175 | $790,807 |
Belle Fourche Country Club Belle Fourche, SD | $514,339 | $828,039 |
Rolling Green Country Club Green River, WY | $1,157,957 | $553,532 |