Monterey Peninsula Yacht Club Inc
- Assets
- $632.5k
- Revenue
- $767.9k
- Investments
- $0.0
- Employees
- 17
- Location
- Monterey, CA
- Founding
- 03/1974
- Data as of
- 12/2021
- EIN
- 94-1641059
Organization Overview
Monterey Peninsula Yacht Club Inc is located in Monterey, CA. The organization was established in 1974. 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, Monterey Peninsula Yacht Club Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Monterey Peninsula 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 12/2021, Monterey Peninsula Yacht Club Inc generated $767.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $782.2k during the year ending 12/2021. While expenses have increased by 3.6% 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
PROMOTE RESPONSIBLE ACTIVITIES FOR YOUTH AND ENCOURAGE COMMUNITY INVOLVEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RACING PROGRAM DESIGNED TO PROMOTE RESPONSIBILITY.
SUMMER SAILING CLUB EVENTS TO ENCOURAGE YOUTH PARTICIPATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Brubaker Vice President/vice Commod | OfficerTrustee | 5 | $0 |
Jean Du Preez President/commodore | OfficerTrustee | 10 | $0 |
Mike Polkabla Staff Commodore | OfficerTrustee | 5 | $0 |
Jeff Kise Rear Commodore | OfficerTrustee | 5 | $0 |
Marian Deering Treasurer | OfficerTrustee | 5 | $0 |
Jackie Hamilton Recording Secretary | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $285,417 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $137,750 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $423,167 |
| Total Program Service Revenue | $54,126 |
| Investment income | $169 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,166 |
| 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 | $767,949 |
| 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 | $243,480 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $22,424 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,446 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $36,562 |
| Advertising and promotion | $0 |
| Office expenses | $2,889 |
| Information technology | $0 |
| 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 | $4,934 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $30,259 |
| Insurance | $38,170 |
| All other expenses | $144,420 |
| Total functional expenses | $782,194 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $369 |
| Savings and temporary cash investments | $191,659 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,973 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,158 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $389,240 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $7,228 |
| Other assets | $18,873 |
| Total assets | $632,500 |
| Accounts payable and accrued expenses | $3,156 |
| 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 | $69,617 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $85,649 |
| Total liabilities | $158,422 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $50,128 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $423,950 |
| Total liabilities and net assets/fund balances | $632,500 |
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