Portland Yacht Club
- Assets
- $10.4m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 51
- Location
- Portland, OR
- Founding
- 10/1946
- Data as of
- 12/2022
- EIN
- 93-0257930
Organization Overview
Portland Yacht Club is located in Portland, OR. 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 12/2022, Portland Yacht Club employed 51 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Portland 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 12/2022, Portland Yacht Club generated $3.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $2.5m during the year ending 12/2022. While expenses have increased by 8.7% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PORTLAND YACHT CLUB WAS FOUNDED IN 1908 FOR THE PURPOSE OF PROMOTING GENERAL INTEREST IN THE SPORT OF YACHTING; TO PROVIDE A CLUBHOUSE, MOORAGE AND FACILITIES FOR THE USE OF ITS MEMBERS AND TO AFFORD A MEANS OF GOOD FELLOWSHIP AMOUNG THE DEVOTEES OF YACHTING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PORTLAND YACHT CLUB WAS FOUNDED IN 1908 FOR THE PURPOSE OF PROMOTING GENERAL INTEREST IN THE SPORT OF YACHTING; TO PROVIDE A CLUBHOUSE, MOORAGE AND FACILITIES FOR THE USE OF ITS MEMBERS AND TO AFFORD A MEANS OF GOOD FELLOWSHIP AMOUNG THE DEVOTEES OF YACHTING.
THE CLUB CONTINUES TO MEET IT'S STATED EXEMPT FUNCTION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Carman Commodore | OfficerTrustee | $0 | |
Ron Hodgson Vice Commodo | OfficerTrustee | $0 | |
Glenn Moragne Secretary/tr | OfficerTrustee | $0 | |
David Gunsul Rear Commodo | OfficerTrustee | $0 | |
Thomos Braunstein Trustee | Trustee | $0 | |
Mike Horsfall Trustee | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $780,702 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $483,454 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,264,156 |
| Total Program Service Revenue | $1,738,535 |
| Investment income | $1,091 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $15,810 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,038,375 |
| 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 | $867,146 |
| Pension plan accruals and contributions | $13,080 |
| Other employee benefits | $56,890 |
| Payroll taxes | $81,008 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,159 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $193,025 |
| Information technology | $46,772 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $162,751 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $202,409 |
| Insurance | $55,952 |
| All other expenses | $178,715 |
| Total functional expenses | $2,537,807 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,390,608 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $226,372 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $39,845 |
| Prepaid expenses and deferred charges | $38,380 |
| Net Land, buildings, and equipment | $7,659,473 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $35,882 |
| Other assets | $0 |
| Total assets | $10,390,560 |
| Accounts payable and accrued expenses | $45,738 |
| 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 | $4,277,538 |
| Other liabilities | $157,486 |
| Total liabilities | $4,480,762 |
| Net assets without donor restrictions | $5,909,798 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $10,390,560 |