Lake Angelus Yacht Club Incorporated
- Assets
- $10.9k
- Revenue
- $5.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Lake Angelus, MI
- Founding
- Data as of
- 12/2022
- EIN
- 85-1734273
Organization Overview
Lake Angelus Yacht Club Incorporated is located in Lake Angelus, MI. 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 Angelus Yacht Club Incorporated 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 12/2022, Lake Angelus Yacht Club Incorporated generated $5.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (18.1%) each year. All expenses for the organization totaled $7.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE SAILING AND PROVIDE EDUCATIONAL OPPORTUNITIES IN THE SPORT OF YACHTING AND TO CONDUCT YACHTING RACES AND REGATTAS TO FOSTER, SUPPORT, AND DEVELOP AMATEUR ATHLETES IN THE SPORT OF YACHTING. TO SUPPORT THE COMMUNITY THROUGH CHARITABLE AND SOCIAL OUTREACH EFFORTS AND WITH EVENTS AND INITIATIVES THAT PROMOTE THE SPORT OF YACHTING. TO OPERATE FOR THE BENEFIT OF ALL RESIDENTS OF THE COMMUNITY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carl A Matisse Treasurer | 1 | $0 | |
Mark Symonds President | 1 | $0 | |
Brian Razzaque Vice Preside | 1 | $0 | |
Bruce Brissette Vice Preside | 1 | $0 | |
Michael Kozemchak Fleet Manage | 1 | $0 | |
Marion Matisse Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,050 |
| Total Revenue | $5,050 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $1,620 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,929 |
| Total operating and administrative expenses | $7,149 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $7,149 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,909 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,909 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |