Oakland Yacht Club Inc
- Assets
- $4.6m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 15
- Location
- Alameda, CA
- Founding
- 03/1932
- Data as of
- 12/2022
- EIN
- 94-0727720
Organization Overview
Oakland Yacht Club Inc is located in Alameda, CA. The organization was established in 1932. 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, Oakland Yacht Club Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oakland Yacht Club Inc 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, Oakland Yacht Club Inc generated $1.2m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 5 years. 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
CONTINUAL OFFERING OF SOCIAL AND RECREATIONAL PROGRAMS FOR THE BENEFIT OF CLUB MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOCIAL AND RECREATIONAL PROGRAMS OR THE BENEFIT OF CLUB MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Cheng Commodore | OfficerTrustee | 2 | $0 |
Owen Bottler Vice Commodore | OfficerTrustee | 2 | $0 |
John Torola Rear Commodore | OfficerTrustee | 2 | $0 |
Tammy Mercado Secretary | OfficerTrustee | 2 | $0 |
Al Leonard Treasurer | OfficerTrustee | 2 | $0 |
Jennifer Mengel Membership Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $257,406 |
| 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 | $257,406 |
| Total Program Service Revenue | $744,033 |
| Investment income | $6,715 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $88,427 |
| 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 | $63,121 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,161,827 |
| 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 | $372,553 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $41,402 |
| Payroll taxes | $32,478 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,452 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,363 |
| Office expenses | $77,815 |
| Information technology | $8,622 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $150,729 |
| Insurance | $50,311 |
| All other expenses | $56,331 |
| Total functional expenses | $1,097,742 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,755 |
| Savings and temporary cash investments | $1,729,986 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $128,966 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $18,535 |
| Prepaid expenses and deferred charges | $65,373 |
| Net Land, buildings, and equipment | $2,618,725 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,563,340 |
| Accounts payable and accrued expenses | $126,757 |
| Grants payable | $0 |
| Deferred revenue | $100,851 |
| 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 | $64,347 |
| Total liabilities | $291,955 |
| Net assets without donor restrictions | $4,271,385 |
| 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 | $4,563,340 |