Elkhorn Yacht Club
- Assets
- $258.7k
- Revenue
- $244.2k
- Investments
- $0.0
- Employees
- 7
- Location
- Moss Landing, CA
- Founding
- 04/1947
- Data as of
- 12/2021
- EIN
- 94-1217792
Organization Overview
Elkhorn Yacht Club is located in Moss Landing, CA. The organization was established in 1947. 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 12/2021, Elkhorn Yacht Club employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elkhorn 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, Elkhorn Yacht Club generated $244.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $243.2k during the year ending 12/2021. 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
TO OPERATE YACHT CLUB FACILITY AND PROVIDE RELATED SERVICES TO CLUB MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO OPERATE YACHT CLUB FACILITY AND PROVIDE RELATED SERVICES TO CLUB MEMBERS. THERE HAVE BEEN AN AVERAGE OF 147 MEMBERS AND THEIR FAMILY MEMBERS SERVED DURING THE YEAR. THERE IS A VOLUNTEER RACE COMMITTEE CHAIR WHO COORDINATES YACHT RACES THROUGHOUT THE YEAR IN COORDINATION WITH THE OTHER YACHT CLUBS IN THE MONTEREY BAY YACHT RACING ASSOCIATION. MEMBERS WHO OWN BOATS VOLUNTEER TO TAKE OTHERS OUT SAILING AND FISHING AND INTRODUCE THEM TO THE DELIGHTS OF THE BAY.OUR VOLUNTEER SOCIAL COMMITTEE HAS BEEN QUIET DURING THE PANDEMIC, BUT THERE ARE USUALLY MONTHLY SOCIAL EVENTS FOR MEMBERS AND FAMILIES. THESE INCLUDE HOLIDAY PARTIES, DINNERS, AND DANCES AND A PLACE TO HOLD PERSONAL GATHERINGS FOR EVENTS, SUCH AS WEDDINGS AND MEMORIAL SERVICES. THE CLUB IS OPEN 24/7 TO MEMBERS. THIS INCLUDES A WORKSHOP THAT PROVIDES SPACE FOR THEM TO DO MAINTENANCE ON THEIR BOATS. WE ALSO PROVIDE STORAGE SPACES AND OFFICES FOR MEMBERS FOR AN ADDITIONAL FEE.
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 |
|---|---|---|---|
Toni Scarborough Commodore | OfficerTrustee | 1 | $0 |
Melissa Ackerman Vice Commodore | OfficerTrustee | 1 | $0 |
Rita Jacques Rear Commodore | OfficerTrustee | 1 | $0 |
Hillary Thomas Secretary | OfficerTrustee | 1 | $0 |
Stacy Hughes Treasurer | OfficerTrustee | 1 | $0 |
Jeff Jones Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| 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 | $0 |
| Total Program Service Revenue | $107,787 |
| Investment income | $16 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $99,129 |
| 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 | $23,820 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $244,198 |
| 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 | $51,490 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,065 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,822 |
| Fees for services: Accounting | $5,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,781 |
| Advertising and promotion | $1,555 |
| Office expenses | $31,842 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $52,561 |
| 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 | $14,992 |
| Insurance | $19,009 |
| All other expenses | $1,444 |
| Total functional expenses | $243,190 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,889 |
| Savings and temporary cash investments | $73,196 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $322 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $131,103 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,185 |
| Total assets | $258,695 |
| Accounts payable and accrued expenses | $2,937 |
| 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 | $16,022 |
| Total liabilities | $18,959 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $100,000 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $139,736 |
| Total liabilities and net assets/fund balances | $258,695 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Desert Mountain Club Inc Scottsdale, AZ | $166,271,047 | $90,760,793 |
Blackhawk Country Club Danville, CA | $46,780,436 | $25,821,111 |
Arizona Country Club Inc Ingleside Golf Course Phoenix, AZ | $28,519,514 | $16,170,854 |
Peninsula Golf & Country Club San Mateo, CA | $37,014,286 | $17,194,396 |
Tradition Golf Club La Quinta, CA | $47,453,667 | $16,366,705 |
Indian Ridge Country Club Inc Palm Desert, CA | $34,712,749 | $13,063,649 |
Orinda Country Club Orinda, CA | $26,304,081 | $14,413,689 |
Thunderbird Country Club A Corp Rancho Mirage, CA | $22,264,861 | $10,979,612 |
Oahu Country Club Honolulu, HI | $21,871,149 | $11,423,263 |
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 |