Coronado Yacht Club
- Assets
- $13.3m
- Revenue
- $3.1m
- Investments
- $10.1m
- Employees
- 56
- Location
- Coronado, CA
- Founding
- 04/1971
- Data as of
- 11/2021
- EIN
- 95-0651750
Organization Overview
Coronado Yacht Club is located in Coronado, CA. The organization was established in 1971. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 11/2021, Coronado Yacht Club employed 56 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coronado 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 11/2021, Coronado Yacht Club generated $3.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $2.8m during the year ending 11/2021. While expenses have increased by 1.2% per year over the past 6 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
TO CREATE AND MAINTAIN THE TOTAL YACHT AND BOATING EXPERIENCE FOR OUR MEMBERS AND THE SURROUNDING COMMUNITY AND TO PROMOTE A FRATERNAL SPIRIT AMONG MEMBERS, YACHTSMEN AND OTHER CLUBS
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL EXPENSES SUPPORT THE MEMBERS USE AND ENJOYMENT OF THEIR CLUB.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louis Milioti Former General Manager | 40 | $77,521 | |
Chris Denardi Commodore | OfficerTrustee | 8 | $0 |
Harper Hatheway Vice Commodore | OfficerTrustee | 8 | $0 |
Robin Maccartee Rear Commodore | OfficerTrustee | 8 | $0 |
Steven Schelkun Treasurer | OfficerTrustee | 8 | $0 |
Ken Wilson Secretary | OfficerTrustee | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| 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 | $0 |
| Total Program Service Revenue | $3,039,221 |
| Investment income | $66,099 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $987 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,106,307 |
| 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. | $77,521 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $376,861 |
| Pension plan accruals and contributions | $18,611 |
| Other employee benefits | $54,582 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $26,067 |
| Fees for services: Accounting | $54,267 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $48,172 |
| Advertising and promotion | $0 |
| Office expenses | $102,074 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $249,841 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $292,011 |
| Insurance | $91,268 |
| All other expenses | $216,609 |
| Total functional expenses | $2,773,927 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $145,397 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $301,502 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $64,542 |
| Prepaid expenses and deferred charges | $24,113 |
| Net Land, buildings, and equipment | $2,702,445 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $10,058,859 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,296,858 |
| Accounts payable and accrued expenses | $193,594 |
| Grants payable | $0 |
| Deferred revenue | $254,749 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $448,343 |
| Net assets without donor restrictions | $12,848,515 |
| 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 | $13,296,858 |
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