Richmond Yacht Club Of California
- Assets
- $10.3m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 43
- Location
- Richmond, CA
- Founding
- 01/1973
- Data as of
- 12/2021
- EIN
- 94-1278203
Organization Overview
Richmond Yacht Club Of California is located in Richmond, CA. The organization was established in 1973. 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, Richmond Yacht Club Of California employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Richmond Yacht Club Of California 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, Richmond Yacht Club Of California generated $2.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $2.1m during the year ending 12/2021. While expenses have increased by 4.4% 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
YACHTING AND SOCIAL ACTIVITIES OF THE CLUB WHICH IS ORGANIZED FOR THE PLEASURE AND RECREATION OF ITS MEMBERS. THE ORGANIZATION WAS FORMED TO PROMOTE THE SCIENCE AND ART OF NAVIGATION; TO ENCOURAGE YACHTING; TO ASSIST IN MAKING MEMBERS PROFICIENT IN THE SCIENCE OF NAVIGATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOOD AND BEVERAGE
FACILITIES - HARBOR, DRY STORAGE AND STRUCTURES
JUNIOR SAILING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stan Korich Club Manager | 40 | $101,218 | |
Rich Deveau Vice Commodore | OfficerTrustee | 1 | $0 |
Ornaith Keane Commodore | OfficerTrustee | 1 | $0 |
Randall Rasicot Rear Commodore | OfficerTrustee | 1 | $0 |
Michael Place Treasurer | OfficerTrustee | 1 | $0 |
Betsy Sullivan Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $641,268 |
| Fundraising events | $1,000 |
| 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 | $642,268 |
| Total Program Service Revenue | $1,759,374 |
| Investment income | $107 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $19,542 |
| 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 | $8,345 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,429,560 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,619 |
| 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 | $611,665 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $28,426 |
| Payroll taxes | $54,893 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $175 |
| Advertising and promotion | $0 |
| Office expenses | $87,490 |
| Information technology | $26,475 |
| Royalties | $0 |
| Occupancy | $206,429 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $116,640 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $404,123 |
| Insurance | $157,607 |
| All other expenses | $77,725 |
| Total functional expenses | $2,134,529 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,181 |
| Savings and temporary cash investments | $988,047 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $137,108 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $38,264 |
| Prepaid expenses and deferred charges | $7,595 |
| Net Land, buildings, and equipment | $9,039,172 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $38,120 |
| Total assets | $10,266,487 |
| Accounts payable and accrued expenses | $35,150 |
| Grants payable | $0 |
| Deferred revenue | $161,817 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $2,407,851 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,604,818 |
| 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 | $7,661,669 |
| Total liabilities and net assets/fund balances | $10,266,487 |
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