Silver Gate Yacht Club
- Assets
- $6.6m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 8
- Location
- San Diego, CA
- Founding
- 03/1957
- Data as of
- 12/2021
- EIN
- 95-1892285
Organization Overview
Silver Gate Yacht Club is located in San Diego, CA. The organization was established in 1957. 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, Silver Gate Yacht Club employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Silver 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, Silver Gate Yacht Club generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. 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
EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB SERVES THE COMMUNITY THROUGH CORINTHIAN SAILING YACHT REGATTA AND ALSO SPONSORS COMMUNITY FUND RAISERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Baron Sams Port Captain | OfficerTrustee | 10 | $5,160 |
David Kissinger Jr. Staff Commodore | OfficerTrustee | 10 | $3,010 |
Cleve Hardaker Commodore | OfficerTrustee | 10 | $860 |
Don Aitken Rear Commodore | OfficerTrustee | 10 | $0 |
Rich Chambers Vice Commodore | OfficerTrustee | 10 | $0 |
Kit Gray Treasurer | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $894,785 |
| 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 | $894,785 |
| Total Program Service Revenue | $480,794 |
| Investment income | $21 |
| 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 | -$49,553 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,336,372 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,000 |
| 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. | $9,030 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $180,042 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $19,993 |
| Payroll taxes | $17,061 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $108,738 |
| Fees for services: Accounting | $22,573 |
| 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 | $3,552 |
| Information technology | $17,160 |
| Royalties | $0 |
| Occupancy | $161,270 |
| 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 | $152,517 |
| Depreciation, depletion, and amortization | $231,883 |
| Insurance | $38,877 |
| All other expenses | $75,418 |
| Total functional expenses | $1,373,245 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76,349 |
| Savings and temporary cash investments | $516,932 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $134,679 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,403 |
| Prepaid expenses and deferred charges | $39,792 |
| Net Land, buildings, and equipment | $5,846,120 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,245 |
| Total assets | $6,627,520 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $77,575 |
| 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 | $2,739,800 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,193 |
| Total liabilities | $2,823,568 |
| Net assets without donor restrictions | $3,803,952 |
| 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 | $6,627,520 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Silver Gate Yacht Club has recieved totaling $6,400.
| Awarding Organization | Amount |
|---|---|
George & Betty Harbaugh Charitable Foundation Solana Beach, CA PURPOSE: PUBLIC SUPPORT OF ORGANIZATION MISSION | $6,400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arizona Country Club Inc Ingleside Golf Course Phoenix, AZ | $28,519,514 | $16,170,854 |
Peninsula Golf & Country Club San Mateo, CA | $37,014,286 | $17,194,396 |
Tradition Golf Club La Quinta, CA | $47,453,667 | $16,366,705 |
Indian Ridge Country Club Inc Palm Desert, CA | $34,712,749 | $13,063,649 |
Orinda Country Club Orinda, CA | $26,304,081 | $14,413,689 |
Thunderbird Country Club A Corp Rancho Mirage, CA | $22,264,861 | $10,979,612 |
Oahu Country Club Honolulu, HI | $21,871,149 | $11,423,263 |
Club At Morningside Inc Rancho Mirage, CA | $15,858,818 | $9,401,139 |
The Reserve Club Indian Wells, CA | $31,458,734 | $9,455,163 |
The Estancia Club Inc Scottsdale, AZ | $23,780,936 | $10,696,041 |
Montreux Golf & Country Club Inc Reno, NV | $29,596,657 | $7,133,879 |
California Golf Club Of San Francisco South San Francisco, CA | $19,297,686 | $9,754,605 |