Everett Yacht Club
- Assets
- $1.5m
- Revenue
- $148.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Everett, WA
- Founding
- 01/1994
- Data as of
- 03/2024
- EIN
- 91-0215011
Organization Overview
Everett Yacht Club is located in Everett, WA. The organization was established in 1994. 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. Everett 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 03/2024, Everett Yacht Club generated $148.1k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $127.6k during the year ending 03/2024. While expenses have increased by 12.6% per year over the past 5 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER RECREATIONAL BOATING ACTIVITIES WITHIN PUGET SOUND AND VICINITY BY PROVIDING A SUPPORT ORGANIZATION, A CLUBHOUSE, AND EQUIPMENT. TO SERVE THE SOCIAL NEEDS OF OUR MEMBERS WHILE MANAGING THE CLUB'S ASSETS IN A FISCALLY RESPONSIBLE MANNER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING RECREATIONAL AND CULTURAL OPPORTUNITIES TO OUR MEMBERS AND THE YACHTING COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christine Boirum Trustee | Trustee | 2 | $0 |
Daniel Boirum Trustee | Trustee | 2 | $0 |
Joe Hixon Fleet Captai | Trustee | 5 | $0 |
Adam Klett Trustee | Trustee | 2 | $0 |
Michelle Luckie Rear Commodo | Trustee | 5 | $0 |
Chuck Mcarthur Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $81,662 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $70,831 |
| 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 | $152,493 |
| Total Program Service Revenue | $50,669 |
| Investment income | $8,659 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$64,950 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,246 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $148,117 |
| 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 | $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 | $400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,504 |
| Fees for services: Other | $0 |
| Advertising and promotion | $40 |
| Office expenses | $3,058 |
| Information technology | $1,355 |
| Royalties | $0 |
| Occupancy | $56,150 |
| 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 | $5,340 |
| Insurance | $17,342 |
| All other expenses | $4,445 |
| Total functional expenses | $127,626 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,140 |
| Savings and temporary cash investments | $0 |
| 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 | $3,000 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,417,776 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,461,916 |
| Accounts payable and accrued expenses | $1,436 |
| Grants payable | $0 |
| Deferred revenue | $350 |
| 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 | $150,000 |
| Other liabilities | $5,000 |
| Total liabilities | $156,786 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $72,100 |
| Paid-in or capital surplus, or land, building, or equipment fund | $15,263 |
| Retained earnings, endowment, accumulated income, or other funds | $1,217,767 |
| Total liabilities and net assets/fund balances | $1,461,916 |