Tacoma Yacht Club
- Assets
- $16.3m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 53
- Location
- Tacoma, WA
- Founding
- 11/1946
- Data as of
- 05/2023
- EIN
- 91-0435740
Organization Overview
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.
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Board, Officers & Key Employees
| 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 |
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 | $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 |
Grants Awarded
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 |