The Silver Gate Yacht Club Foundation
- Assets
- $48.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- San Diego, CA
- Founding
- 11/2001
- Data as of
- 12/2021
- EIN
- 91-2151987
Organization Overview
The Silver Gate Yacht Club Foundation is located in San Diego, CA. The organization was established in 2001. 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. Silver Gate Yacht Club Foundation 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 12/2021, Silver Gate Yacht Club Foundation generated $71.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $63.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
TO PROVIDE COMMUNITY CHARITY EVENTS RELATED TO BOATING THROUGH THE JR. SAILING PROGRAM, WHEEL CHAIR REGATTA AND SCHOONER CUP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Damon Forney Director | 2 | $0 | |
Gary Morris Director | 2 | $0 | |
Bill Pettersen Director | 2 | $0 | |
Connie Fenchel Secretary | 2 | $0 | |
Jim Walker Director | 2 | $0 | |
Dave Kissinger Jr. Staff Commodore | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $47,015 |
| Total Program Service Revenue | $23,509 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $800 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $71,324 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $16,148 |
| Professional fees and other payments to independent contractors | $3,771 |
| Occupancy, rent, utilities, and maintenance | $2,270 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $40,828 |
| Total expenses | $63,017 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $46,313 |
| Other assets | $0 |
| Total assets | $48,384 |
| Total liabilities | $6,638 |
| Net assets or fund balances | $41,746 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The Silver Gate Yacht Club Foundation has recieved totaling $5,347.
| Awarding Organization | Amount |
|---|---|
G Harbaugh Foundation Franklin, TN PURPOSE: TO SUPPORT PROGRAM | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $347 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Club At Morningside Inc Rancho Mirage, CA | $15,858,818 | $9,401,139 |
The Reserve Club Indian Wells, CA | $31,458,734 | $9,455,163 |
The Estancia Club Inc Scottsdale, AZ | $23,780,936 | $10,696,041 |
Montreux Golf & Country Club Inc Reno, NV | $29,596,657 | $7,133,879 |
California Golf Club Of San Francisco South San Francisco, CA | $19,297,686 | $9,754,605 |
Serrano Country Club Inc El Dorado Hls, CA | $18,241,297 | $9,585,604 |
Castlewood Country Club Pleasanton, CA | $23,800,146 | $7,959,205 |
Mid-Pacific Country Club Kailua, HI | $9,777,454 | $9,430,357 |
Spanish Trail Country Club Inc Las Vegas, NV | $2,730,919 | $7,892,933 |
Nanea Golf Club Inc Kailua Kona, HI | $40,040,878 | $3,990,807 |
San Francisco Golf Club San Francisco, CA | $10,899,473 | $8,215,792 |
Fountaingrove Golf & Athletic Club Santa Rosa, CA | $34,306,195 | $9,950,085 |