Kaneohe Yacht Club
- Assets
- $4.8m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 75
- Location
- Kaneohe, HI
- Founding
- 12/1955
- Data as of
- 09/2023
- EIN
- 99-0043990
Organization Overview
Kaneohe Yacht Club is located in Kaneohe, HI. The organization was established in 1955. 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 09/2023, Kaneohe Yacht Club employed 75 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kaneohe 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 09/2023, Kaneohe Yacht Club generated $2.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $2.8m during the year ending 09/2023. While expenses have increased by 8.0% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE MEMBERS YACHTING ACTIVITIES AND PROMOTE SAILING KNOWLEDGE AND SOCIAL ACTIVITIES AMONG MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ESTABLISHED IN 1924, THE KANEOHE YACHT CLUB IS DEDICATED TO INSPIRING AND PROMOTING APPRECIATION OF SAILING, POWER-BOATING AND OTHER MARITIME SPORTS THROUGH COMPETITIVE, RECREATIONAL AND SOCIAL ACTIVITIES. WE PROVIDE A HAVEN IN WINDWARD OAHU FOR BOATING ENTHUSIASTS AND THEIR GUESTS WITH OUR FIRST-CLASS HARBOR FACILITIES, CLUBHOUSE AND OTHER AMENITIES, FOSTERING GOOD SEAMANSHIP, EDUCATION AND AN OVERALL SPIRIT OF CAMARADERIE AND EXCELLENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Atherton Commodore | OfficerTrustee | 2 | $0 |
Kim Ickler Secretary | OfficerTrustee | 2 | $0 |
Laura Morgan Director | Trustee | 2 | $0 |
Dave Lammers Director | Trustee | 2 | $0 |
Ian Lange Director | Trustee | 2 | $0 |
Susie Jannuzzi Staff Commodore | Trustee | 2 | $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 | $2,196,251 |
| Investment income | $34,111 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,500 |
| Net Income from Fundraising Events | $3,400 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $434,778 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,677,040 |
| 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 | $1,082,257 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $93,837 |
| Payroll taxes | $103,659 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,758 |
| Fees for services: Accounting | $66,209 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $52,809 |
| Advertising and promotion | $2,625 |
| Office expenses | $117,303 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $249,479 |
| Insurance | $177,524 |
| All other expenses | $293,211 |
| Total functional expenses | $2,756,847 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $230,899 |
| Savings and temporary cash investments | $1,368,625 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $57,049 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $103,845 |
| Prepaid expenses and deferred charges | $144,233 |
| Net Land, buildings, and equipment | $2,684,414 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $241,580 |
| Total assets | $4,830,645 |
| Accounts payable and accrued expenses | $191,435 |
| Grants payable | $0 |
| Deferred revenue | $113,199 |
| 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 | $20,161 |
| Total liabilities | $324,795 |
| Net assets without donor restrictions | $4,505,850 |
| 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 | $4,830,645 |