Tacoma Yacht Club is located in Tacoma, WA. The organization was established in 1946. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 05/2023, Tacoma Yacht Club employed 53 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tacoma 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 05/2023, Tacoma Yacht Club generated $4.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $4.4m during the year ending 05/2023. While expenses have increased by 4.5% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AND MAINTAIN SUITABLE MOORAGE AND CLUBHOUSE FACILITIES FOR THE USE OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB PROVIDED MOORAGE AND DINING OPPORTUNITIES FOR ITS MEMBERS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Carissa Milligan Commodore | OfficerTrustee | 3 | $0 |
Aaron Bredson Vice Commodore | OfficerTrustee | 3 | $0 |
Dave Bender Rear Commodore | OfficerTrustee | 3 | $0 |
Brent Wojtanowicz Chairman | OfficerTrustee | 3 | $0 |
Erik Neal Vice Chairman | OfficerTrustee | 3 | $0 |
Jamelle Garcia Trustee | Trustee | 3 | $0 |
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 | $42,714 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $42,714 |
Total Program Service Revenue | $4,018,059 |
Investment income | $5,705 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $107,192 |
Net Gain/Loss on Asset Sales | -$65,142 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $509 |
Miscellaneous Revenue | $0 |
Total Revenue | $4,334,419 |
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. | $159,943 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,021,770 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $82,017 |
Payroll taxes | $159,279 |
Fees for services: Management | $0 |
Fees for services: Legal | $23,074 |
Fees for services: Accounting | $13,150 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $55,779 |
Advertising and promotion | $2,976 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $1,111,372 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $147,269 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $434,483 |
Insurance | $141,538 |
All other expenses | $175,509 |
Total functional expenses | $4,420,183 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $932,082 |
Savings and temporary cash investments | $31,751 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $142,731 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $65,950 |
Prepaid expenses and deferred charges | $46,034 |
Net Land, buildings, and equipment | $3,771,068 |
Investments—publicly traded securities | $1,756,142 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $9,512,703 |
Total assets | $16,258,461 |
Accounts payable and accrued expenses | $141,276 |
Grants payable | $0 |
Deferred revenue | $13,000 |
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 | $12,029,062 |
Total liabilities | $12,183,338 |
Net assets without donor restrictions | $3,990,737 |
Net assets with donor restrictions | $84,386 |
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 | $0 |
Total liabilities and net assets/fund balances | $16,258,461 |
Over the last fiscal year, Tacoma Yacht Club has awarded $18,000 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
YOUTH MARINE FOUNDATION PURPOSE: CONTRIBUTIONS | $9,000 |
TACOMA COMMUNITY BOAT BUILDERS PURPOSE: CONTRIBUTIONS | $9,000 |