Kaneohe Yacht Club
- Assets
- $4.2m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Kaneohe, HI
- Founding
- 12/1955
- Data as of
- 09/2021
- 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. 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 09/2021, Kaneohe Yacht Club generated $2.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $2.2m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 6 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
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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shaun Myers Executive Director | Officer | 40 | $100,000 |
Susie Jannuzzi Vice Commodore | OfficerTrustee | 2 | $0 |
Bill Atherton Rear Commodore | OfficerTrustee | 2 | $0 |
Pete Stokka Commodore | OfficerTrustee | 2 | $0 |
Tim Roy Treasurer | OfficerTrustee | 2 | $0 |
Jane Sawyer Secretary | OfficerTrustee | 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 | $1,636,039 |
| Investment income | $269 |
| 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 | $359,824 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,996,132 |
| 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. | $100,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $607,440 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $117,644 |
| Payroll taxes | $62,918 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,937 |
| Fees for services: Accounting | $78,544 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $46,719 |
| Advertising and promotion | $0 |
| Office expenses | $35,565 |
| 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 | $2,076 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $264,883 |
| Insurance | $158,773 |
| All other expenses | $306,029 |
| Total functional expenses | $2,153,623 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,524 |
| Savings and temporary cash investments | $1,208,409 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$57,815 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $55,440 |
| Prepaid expenses and deferred charges | $21,635 |
| Net Land, buildings, and equipment | $2,988,239 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,237,432 |
| Accounts payable and accrued expenses | $81,839 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $43,892 |
| Total liabilities | $125,731 |
| Net assets without donor restrictions | $4,111,701 |
| 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 | $4,237,432 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
California Golf Club Of San Francisco South San Francisco, CA | $19,297,686 | $9,754,605 |
Serrano Country Club Inc El Dorado Hls, CA | $18,241,297 | $9,585,604 |
Castlewood Country Club Pleasanton, CA | $23,800,146 | $7,959,205 |
Mid-Pacific Country Club Kailua, HI | $9,777,454 | $9,430,357 |