Sequoia Yacht Club
- Assets
- $350.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Redwood City, CA
- Founding
- 08/1970
- Data as of
- 12/2021
- EIN
- 94-6037163
Organization Overview
Sequoia Yacht Club is located in Redwood City, CA. The organization was established in 1970. 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, Sequoia Yacht Club employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sequoia 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, Sequoia Yacht Club generated $144.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $154.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
CONDUCTS YOUTH SAIL TRAINING COURSES FOR THE COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynne Reynolds Steward | 16 | $12,304 | |
Andrew Lesslie Director | 1 | $0 | |
Martin Collins Treasurer | 4 | $0 | |
Richard Weber Commodore | 8 | $0 | |
Peter Weigt Director | 1 | $0 | |
Keely Haverstock Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $85,831 |
| Total Program Service Revenue | $38,504 |
| Membership dues | $0 |
| Investment income | $104 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $24 |
| Total Revenue | $144,810 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $33,215 |
| Professional fees and other payments to independent contractors | $19,891 |
| Occupancy, rent, utilities, and maintenance | $56,464 |
| Printing, publications, postage, and shipping | $675 |
| Other expenses | $44,673 |
| Total expenses | $154,918 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $341,256 |
| Other assets | $0 |
| Total assets | $350,719 |
| Total liabilities | $2,344 |
| Net assets or fund balances | $348,375 |
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