Aeolian Yacht Club
- Assets
- $1.5m
- Revenue
- $411.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Alameda, CA
- Founding
- 02/1973
- Data as of
- 10/2023
- EIN
- 94-1436155
Organization Overview
Aeolian Yacht Club is located in Alameda, 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 10/2023, Aeolian Yacht Club employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aeolian 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 10/2023, Aeolian Yacht Club generated $411.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $244.7k during the year ending 10/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SOCIAL CLUB FOR BOATING AND YACHTING ENTHUSIASTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE AEOLIAN YACHT CLUB PROMOTES SOCIAL INTERACTION AMONGST PEOPLE WHO HAVE A COMMON INTEREST IN BOATING AND YACHTING. A CLUBHOUSE AND BERTHING FACILITIES ARE MAINTAINED.
BOATING EVENTS, MAILINGS FOR SPECIAL EVENTS AND THE PUBLICATION OF AN ANNUAL YEARBOOK HELPS PROMOTE SOCIAL INTERACTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pat Mcdaid Director | Trustee | 1 | $0 |
JD Edwards Director | Trustee | 1 | $0 |
Evelyn Poates Director | Trustee | 1 | $0 |
Diana Surber Commodore | Officer | 5 | $0 |
Mari Miyaki Vice Commodore | Officer | 5 | $0 |
Tom Ostly Rear Commodore | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $80,928 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,993 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $83,921 |
| Total Program Service Revenue | $287,787 |
| Investment income | $21,855 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,594 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,769 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $625 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $411,655 |
| 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 | $22,953 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,115 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,568 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $567 |
| Office expenses | $2,477 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $33,003 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,987 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,241 |
| Insurance | $29,453 |
| All other expenses | $47,695 |
| Total functional expenses | $244,707 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $112,297 |
| Savings and temporary cash investments | $933,962 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,540 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $415,554 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,468,353 |
| Accounts payable and accrued expenses | -$111 |
| 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 | $261,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $260,889 |
| Net assets without donor restrictions | $1,207,464 |
| 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 | $1,468,353 |