Poulsbo Yacht Club is located in Poulsbo, WA. The organization was established in 1967. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 06/2022, Poulsbo Yacht Club employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Poulsbo 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 06/2022, Poulsbo Yacht Club generated $402.4k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $313.4k during the year ending 06/2022. While expenses have increased by 8.1% per year over the past 3 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SOCIAL CLUB PROMOTING RECREATIONAL BOATING IN THE PACIFIC NORTHWEST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
POULSBO YACHT CLUB PROMOTES THE USE OF WATERCRAFT FOR SOCIAL AND RECREATIONAL PURPOSES. THE CLUB OWNS AND OPERATES A MARINA AND SHORESIDE FACILITIES FOR THE USE OF ITS MEMBERS. THE CLUB ALSO SPONSORS A JUNIOR SAILING PROGRAM WHICH TEACHES SAILING SKILLS TO AREA YOUTH.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Earl Hunt Past Commodore | Officer | 0 | $0 |
Mark Owen Commodore | Officer | 0 | $0 |
Randy Onders Secretary | Officer | 0 | $0 |
Nick Valladarez Vice Commodore | Officer | 0 | $0 |
Todd Smith Treasurer | Officer | 0 | $0 |
Peggy Sue Drury Rear Commadore | Officer | 0 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $181,640 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $26,265 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $207,905 |
Total Program Service Revenue | $211,377 |
Investment income | $8,267 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$37,229 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $10,361 |
Miscellaneous Revenue | $0 |
Total Revenue | $402,441 |
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 | $24,618 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $2,532 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $1,274 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $4,964 |
Advertising and promotion | $0 |
Office expenses | $764 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $129,782 |
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 | $29,695 |
Insurance | $28,243 |
All other expenses | $8,866 |
Total functional expenses | $313,389 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $228,804 |
Savings and temporary cash investments | $635,580 |
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 | $12,082 |
Prepaid expenses and deferred charges | $1,367 |
Net Land, buildings, and equipment | $996,436 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | -$442 |
Total assets | $1,873,827 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $0 |
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 | $32,293 |
Total liabilities | $32,293 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
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 | $1,841,534 |
Total liabilities and net assets/fund balances | $1,873,827 |
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