Totals
- Total revenue
- $5,992,772
- Total expenses
- $5,745,584
- Contributions and grants received
- $2,811,151
- Grants paid
- $0
- Program service revenue
- $1,472,379
- Investment income
- $67,290
- Other revenue
- $1,641,952
- Total assets, end of year
- $15,616,530
- Total liabilities, end of year
- $3,493,389
- Net assets or fund balances, end of year
- $12,123,141
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1b · Membership dues
$2,811,151
-
2a · Program service revenue: INITIATION FEES
total $614,509 · related or exempt $614,509
-
2b · Program service revenue: CAMPS AND CLINICS
total $592,307 · related or exempt $592,307
-
2c · Program service revenue: REGATTAS
total $208,227 · related or exempt $208,227
-
2d · Program service revenue: FITNESS CENTER
total $50,320 · related or exempt $50,320
-
2e · Program service revenue: ASSESSMENT INCOME
total $7,016 · related or exempt $7,016
-
3 · Investment income
total $66,790 · unrelated business $66,790
-
7a · Gross sales of assets other than inventory
other assets $500
-
7b · Less cost or other basis and sales expenses
other assets $0
-
7c · Gain or loss
other assets $500
-
7d · Net gain or loss
total $500 · related or exempt $500
-
10a · Gross sales of inventory
$2,539,691
-
10b · Cost of goods sold
$989,599
-
10c · Net income from sales of inventory
total $1,550,092 · related or exempt $1,550,092
-
11a · Other revenue: DELIQUENT FEES
total $58,883 · excluded $58,883
-
11b · Other revenue: MISCELLANEOUS INCOME
total $32,977 · excluded $32,977
-
11e · Other revenue, total
$91,860
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $343,649
-
7 · Other salaries and wages
total $1,995,905
-
9 · Other employee benefits
total $30,097
-
10 · Payroll taxes
total $226,865
-
11b · Fees: legal
total $24,263
-
11c · Fees: accounting
total $15,000
-
11g · Fees: other
total $64,122
-
12 · Advertising and promotion
total $505
-
14 · Information technology
total $63,559
-
16 · Occupancy
total $476,533
-
22 · Depreciation, depletion and amortization
total $620,658
-
23 · Insurance
total $586,213
-
24a · Other expenses: REGATTA AND EVENTS
total $385,081
-
24b · Other expenses: REPAIRS AND MAINTENANCE
total $340,626
-
24c · Other expenses: SUPPLIES
total $290,187
-
24d · Other expenses: MISCELLANEOUS EXPENSE
total $145,255
-
24e · All other expenses
total $137,066
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,764,897 · end of year $1,655,215
-
2 · Savings and temporary cash investments
beginning of year $36,500 · end of year $40,553
-
4 · Accounts receivable
beginning of year $1,326,893 · end of year $1,483,763
-
8 · Inventories for sale or use
beginning of year $75,802 · end of year $80,659
-
9 · Prepaid expenses and deferred charges
beginning of year $157,368 · end of year $202,051
-
10a · Land, buildings and equipment: cost or other basis
$17,864,702
-
10b · Land, buildings and equipment: accumulated depreciation
$8,018,945
-
10c · Land, buildings and equipment, net
beginning of year $9,605,926 · end of year $9,845,757
-
15 · Other assets
beginning of year $1,394,859 · end of year $2,308,532
-
17 · Accounts payable and accrued expenses
beginning of year $383,050 · end of year $340,875
-
19 · Deferred revenue
beginning of year $1,581,161 · end of year $1,577,219
-
23 · Secured mortgages and notes payable
beginning of year $3,373 · end of year $1,124
-
25 · Other liabilities
beginning of year $518,708 · end of year $1,574,171
-
27 · Net assets without donor restrictions
beginning of year $11,875,953 · end of year $12,123,141
Mission and programs · 2023
Mission
TO PROMOTE THE SPORT OF SAILING. THE CLUB PROVIDES FACILITIES FOR STORING AND MAINTAINING BOATS AND BOATING EQUIPMENT. THE CLUB PROVIDES INSTRUCTION IN THE SCIENCE OF SAILING AND RACING. IT SPONSORS REGATTAS AND EVENTS TO ENCOURAGE PARTICIPATION IN SAILING. THE CLUB ALSO PROVIDES ITS CLUBHOUSE FACILITIES TO FOSTER SOCIAL INTERACTION.
Activities or mission (Part I)
TO PROMOTE THE SPORT OF SAILING.
-
PROVIDES FACILITIES FOR MEMBERS TO FOSTER SOCIAL INTERACTION.
-
PROVIDES FACILITIES FOR STORING AND MAINTAINING BOATS.
-
PROVIDES INSTRUCTIONS IN THE SCIENCE OF SAILING.
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Robert D FriendROBERT D FRIEND
COMMODORE
- Total calculated
- $0
- Hours/week
- 5
-
Timothy B Molony MDTIMOTHY B MOLONY MD
VICE COMMODORE
- Total calculated
- $0
- Hours/week
- 5
-
James R Sanchez JrJAMES R SANCHEZ JR
REAR COMMODORE
- Total calculated
- $0
- Hours/week
- 5
-
Nathan P Adams IIINATHAN P ADAMS III
SECRETARY/TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
Tim AlfortishTIM ALFORTISH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Joseph O Kuebel III MDJOSEPH O KUEBEL III MD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Dan SullivanDAN SULLIVAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Anne DavidANNE DAVID
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Peter GambelPETER GAMBEL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Jeffrey HusemanJEFFREY HUSEMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Gene SimonGENE SIMON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Christopher M WilkeCHRISTOPHER M WILKE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Edward Gaskell IIIEDWARD GASKELL III
GENERAL MANAGER
- Total calculated
- $223,573
- From this org
- $222,073
- From related orgs
- $0
- Other
- $1,500
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $222,073
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $1,500
- Filer's total
- $223,573
-
Christian RossitCHRISTIAN ROSSIT
EXECUTIVE CHEF
- Total calculated
- $121,576
- From this org
- $121,576
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $121,576
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $121,576
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Form 990 of other organizations
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 30 January 2025
- IRS schema version
- 2023v6.0
- Source object
- 202530319349302053
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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