Golden Gate Yacht Club
- Assets
- $785.1k
- Revenue
- $510.3k
- Investments
- $0.0
- Employees
- 6
- Location
- San Francisco, CA
- Founding
- 07/1941
- Data as of
- 12/2021
- EIN
- 94-6102077
Organization Overview
Golden Gate Yacht Club is located in San Francisco, CA. The organization was established in 1941. 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, Golden Gate Yacht Club employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Golden Gate 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, Golden Gate Yacht Club generated $510.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $501.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.3%) per year over the past 7 years. 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
PROVIDES FACILITIES FOR SOCIAL AND YACHTING ACTIVITIES FOR ITS MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GOLDEN GATE YACHT CLUB PROVIDES SOCIAL AND YACHTING FACILITIES AND EVENTS FOR ITS MEMBERS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Mulhern General Manager | Officer | 40 | $103,379 |
Apolinario Santa Maria Bar | 40 | $18,972 | |
Randy Rosal Kitchen Help | 40 | $18,387 | |
Geruel Sunga Kitchen Help | 40 | $18,037 | |
Jose Castro Kitchen Help | 40 | $5,162 | |
James Potts Kitchen Help | 40 | $3,800 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $56,725 |
| All other contributions, gifts, grants, and similar amounts not included above | $67,247 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $123,972 |
| Total Program Service Revenue | $403,258 |
| Investment income | $1,320 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $51,229 |
| 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 | -$69,466 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $510,313 |
| 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. | $103,379 |
| Compensation of current officers, directors, key employees. | $9,459 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $66,693 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,955 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,050 |
| Fees for services: Accounting | $22,838 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $54,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,788 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,798 |
| Insurance | $63,391 |
| All other expenses | $24,303 |
| Total functional expenses | $501,346 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,473 |
| Savings and temporary cash investments | $543,655 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,206 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $77,880 |
| Inventories for sale or use | $15,300 |
| Prepaid expenses and deferred charges | $5,416 |
| Net Land, buildings, and equipment | $93,146 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,000 |
| Total assets | $785,076 |
| Accounts payable and accrued expenses | $19,381 |
| 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 | $511,138 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $32,556 |
| Total liabilities | $563,075 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $6,232 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $215,769 |
| Total liabilities and net assets/fund balances | $785,076 |
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