Portland Yacht Club
- Assets
- $10.1m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 47
- Location
- Portland, OR
- Founding
- 10/1946
- Data as of
- 12/2021
- 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 12/2021, Portland Yacht Club employed 47 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 12/2021, Portland Yacht Club generated $2.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $1.8m during the year ending 12/2021. While expenses have increased by 5.1% per year over the past 7 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
2021
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.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Floyd Jones Rear Commodo | OfficerTrustee | $0 | |
David Gunsul Commodore | OfficerTrustee | $0 | |
Timothy Carman Vice Commodo | OfficerTrustee | $0 | |
Ron Hodgson Secretary/tr | OfficerTrustee | $0 | |
Thomos Braunstein Trustee | Trustee | $0 | |
Jay Densem Trustee | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $714,028 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $714,028 |
| Total Program Service Revenue | $1,492,546 |
| Investment income | $566 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$261,631 |
| 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 | $1,963,811 |
| 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 | $763,026 |
| Pension plan accruals and contributions | $9,522 |
| Other employee benefits | $69,551 |
| Payroll taxes | $99,443 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,943 |
| Fees for services: Accounting | $5,725 |
| 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 | $9,042 |
| Information technology | $23,633 |
| 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 | $126,260 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $186,192 |
| Insurance | $62,660 |
| All other expenses | -$35,884 |
| Total functional expenses | $1,848,139 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,298,563 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $273,148 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $28,559 |
| Prepaid expenses and deferred charges | $3,755 |
| Net Land, buildings, and equipment | $7,421,542 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $40,145 |
| Other assets | $0 |
| Total assets | $10,065,712 |
| Accounts payable and accrued expenses | $37,468 |
| 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 | $4,389,451 |
| Other liabilities | $229,563 |
| Total liabilities | $4,656,482 |
| Net assets without donor restrictions | $5,409,230 |
| 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 | $10,065,712 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brentwood Country Club Los Angeles Los Angeles, CA | $23,132,093 | $17,679,018 |
Track Town Usa Inc Eugene, OR | $22,816,196 | $29,424,138 |
Eldorado Country Club Indian Wells, CA | $45,757,738 | $18,170,181 |
Sharon Heights Golf & Country Club Menlo Park, CA | $51,835,070 | $19,221,394 |
Rolling Hills Country Club Rolling Hills Estates, CA | $71,103,768 | $16,906,847 |
Diablo Country Club Diablo, CA | $28,795,018 | $17,234,644 |
Ironwood Country Club Palm Desert, CA | $36,309,619 | $13,754,726 |
Los Altos Golf & Country Club Los Altos, CA | $30,864,685 | $15,701,239 |
Claremont Country Club Oakland, CA | $32,521,867 | $15,512,670 |
St Francis Yacht Club San Francisco, CA | $21,989,998 | $14,152,861 |
Bel-Air Country Club Los Angeles, CA | $45,594,228 | $14,608,827 |
North Ranch Country Club Westlake Village, CA | $31,119,623 | $14,713,429 |