Jack London Yacht Club
- Assets
- $52.7k
- Revenue
- $67.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Kenwood, CA
- Founding
- 12/2019
- Data as of
- 05/2022
- EIN
- 83-2074978
Organization Overview
Jack London Yacht Club is located in Kenwood, CA. The organization was established in 2019. According to its NTEE Classification (C99) the organization is classified as: Environment N.E.C., under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jack London Yacht Club is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 05/2022, Jack London Yacht Club generated $67.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $53.7k during the year ending 05/2022. 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
MISSION STATEMENTTHE CLUB IS A NON-TRADITIONAL YACHT CLUB. THE MISSION OF THE CLUB IS TO PROMOTE COMMUNITY DEVELOPMENT THROUGH SOCIAL EVENTS, FUNDRAISING AND FRIENDLY YACHTING COMPETITION, AND TO ASSIST MEMBERS OF THE CLUB IN BECOMING PROFICIENT IN SUCH PURSUITS; TO PROVIDE A MEETING PLACE FOR THE MEMBERS; TO FOSTER THE MUTUAL EXCHANGE OF IDEAS AND THE DEVELOPMENT OF COMMON INTERESTS WITH RESPECT TO COMMUNITY ACTIVITY;TO PRESERVE THE HISTORICAL RECORDS AND ARTIFACTS OF THE CLUB;TO PROMOTE SOCIAL ACTIVITIES AMONG CLUB MEMBERS; TO GATHER AND DISSEMINATE SUCH INFORMATION AS THE MEMBERS MAY DESIRE IN THE CONDUCT OF THEIR COMMUNITY ACTIVITIES;AND TO ENCOURAGE AN INTELLECTUAL CONTACT AMONG THE MEMBERS OF THE CORPORATION AND THE MEMBERS OF OTHER ASSOCIATIONS DEVOTED TO SIMILAR PURSUITS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ONLY SIGNIFICANT EVENT DURING THE YEAR IS THE JACK TO JACK YACHT RACE. STANDARDIZED BOATS MEASURING 18 INCHES LONG AND ALL BUILT TO BE A REPLICA OF JACK LONDON'S BOAT THE SNARK. THE BOATS FLOAT DOWN SONOMA CREEK, .7 MILE COURSE FROM JACK LONDON LODGE TO JACK LONDON VILLAGE. THE NAMING RIGHTS TO THE MINIATURE BOATS WERE PURCHASED AT AUCTION BY LOCAL CONTRIBUTORS. HOWEVER, AGAIN, DUE TO THE COVID-19 PANDEMIC, THE ANNUAL RACE HAS BEEN POSTPONED.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Burch Commodore | Officer | 10 | $0 |
Cal Kimes Treasurer | Officer | 0.3 | $0 |
Ana Dominguez Vice Commodore | Officer | 15 | $0 |
Rob Barnum Admiral | Officer | 0.2 | $0 |
Patrick Brannigan Rear Commodore | Officer | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $9,900 |
| Fundraising events | $49,828 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,001 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $67,729 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $67,729 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,574 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,179 |
| Advertising and promotion | $1,033 |
| Office expenses | $0 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $1,469 |
| Total functional expenses | $53,652 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $52,689 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $52,689 |
| Accounts payable and accrued expenses | $488 |
| 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 | $0 |
| Total liabilities | $488 |
| 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 | $52,201 |
| Total liabilities and net assets/fund balances | $52,689 |
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