Channel Island Yacht Club
- Assets
- $389.9k
- Revenue
- $384.3k
- Investments
- $0.0
- Employees
- 6
- Location
- Oxnard, CA
- Founding
- 01/1983
- Data as of
- 12/2021
- EIN
- 95-6138388
Organization Overview
Channel Island Yacht Club is located in Oxnard, CA. The organization was established in 1983. 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, Channel Island Yacht Club employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Channel Island 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, Channel Island Yacht Club generated $384.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $358.4k during the year ending 12/2021. While expenses have increased by 9.0% 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
TO PROMOTE BOATING SAFETY AND EDUCATION, PROVIDE RECREATIONAL ACTIVITIES AND TO CONTRIBUTE TO AND PARTICPATE IN BOATING, FISHING AND OTHER COMMUNITY ACTVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHANNEL ISLANDS YACHT CLUB IS A SOCIAL CLUB THAT PROVIDES FACILITIES AND SPONSORS ACTIVITIES TO PROMOTE BOATING SAFETY, EDUCATION, AND RECREATION FOR MEMBERS, GUESTS AND THE COMMUNITY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sue Woolf Directortreasurer | OfficerTrustee | 2 | $0 |
Mike Greenup Commodore | Officer | 2 | $0 |
Bill Lecroy Vice Commodore | Officer | 2 | $0 |
Dawn Turnier Rear Commodore | Officer | 2 | $0 |
Bill Elswick Director | Trustee | 2 | $0 |
Carol Naylor Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $214,369 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $21,590 |
| All other contributions, gifts, grants, and similar amounts not included above | $37,222 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $273,181 |
| Total Program Service Revenue | $9,459 |
| Investment income | $496 |
| 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 | $101,140 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $384,276 |
| 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 | $71,517 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,754 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,512 |
| Advertising and promotion | $2,351 |
| Office expenses | $4,486 |
| Information technology | $1,420 |
| Royalties | $0 |
| Occupancy | $35,917 |
| 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 | $27,575 |
| Insurance | $16,510 |
| All other expenses | $31,449 |
| Total functional expenses | $358,423 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $160,222 |
| Savings and temporary cash investments | $44,170 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,825 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $21,829 |
| Prepaid expenses and deferred charges | $12,036 |
| Net Land, buildings, and equipment | $128,278 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,555 |
| Total assets | $389,915 |
| Accounts payable and accrued expenses | $20,055 |
| Grants payable | $0 |
| Deferred revenue | $20,185 |
| 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 | $19,580 |
| Total liabilities | $59,820 |
| Net assets without donor restrictions | $0 |
| 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 | $330,095 |
| Total liabilities and net assets/fund balances | $389,915 |
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