Skip to content
Nonprofiteer
← ERIE YACHT CLUB

Form 990 for tax year 2024

Filed by ERIE YACHT CLUB.

Totals

Total revenue
$4,831,884
Total expenses
$4,582,487
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$3,347,717
Investment income
$0
Other revenue
$1,484,167
Total assets, end of year
$19,363,098
Total liabilities, end of year
$9,212,946
Net assets or fund balances, end of year
$10,150,152
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$3,609,545

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.

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $1,238,496 · related or exempt $1,238,496

  • 2b · Program service revenue: BOATING

    total $1,149,659 · related or exempt $1,149,659

  • 2c · Program service revenue: ASSESSMENTS

    total $817,112 · related or exempt $817,112

  • 2d · Program service revenue: INITIATION FEES

    total $142,450 · related or exempt $142,450

  • 10a · Gross sales of inventory

    $2,720,878

  • 10b · Cost of goods sold

    $1,236,711

  • 10c · Net income from sales of inventory

    total $1,484,167 · related or exempt $1,484,167

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $125,131

  • 7 · Other salaries and wages

    total $1,434,746

  • 8 · Pension plan contributions

    total $7,612

  • 9 · Other employee benefits

    total $98,505

  • 10 · Payroll taxes

    total $196,725

  • 11b · Fees: legal

    total $19,097

  • 11c · Fees: accounting

    total $13,200

  • 11g · Fees: other

    total $15,762

  • 13 · Office expenses

    total $38,221

  • 14 · Information technology

    total $36,741

  • 16 · Occupancy

    total $337,455

  • 20 · Interest

    total $448,528

  • 22 · Depreciation, depletion and amortization

    total $843,845

  • 23 · Insurance

    total $123,628

  • 24a · Other expenses: SUPPLIES

    total $284,483

  • 24b · Other expenses: MAINTENANCE AND OPERATI

    total $240,778

  • 24c · Other expenses: CLUB FUNCTIONS AND ENTE

    total $121,336

  • 24d · Other expenses: JUNIOR SAILING

    total $119,642

  • 24e · All other expenses

    total $77,052

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $698,647 · end of year $723,104

  • 2 · Savings and temporary cash investments

    beginning of year $394,966 · end of year $144,317

  • 4 · Accounts receivable

    beginning of year $355,131 · end of year $295,266

  • 8 · Inventories for sale or use

    beginning of year $85,607 · end of year $96,518

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,672 · end of year $25,267

  • 10a · Land, buildings and equipment: cost or other basis

    $25,698,106

  • 10b · Land, buildings and equipment: accumulated depreciation

    $7,619,480

  • 10c · Land, buildings and equipment, net

    beginning of year $18,276,151 · end of year $18,078,626

  • 17 · Accounts payable and accrued expenses

    beginning of year $149,269 · end of year $201,935

  • 19 · Deferred revenue

    beginning of year $163,628 · end of year $196,083

  • 23 · Secured mortgages and notes payable

    beginning of year $9,604,522 · end of year $8,814,928

  • 27 · Net assets without donor restrictions

    beginning of year $9,900,755 · end of year $10,150,152

Mission and programs · 2024

Mission

THE PURPOSES OF THE ERIE YACHT CLUB ARE TO MAINTAIN, DEVELOP, AND ENLARGE THE FACILITIES FOR YACHTING AND BOATING, TO ENCOURAGE AND DEVELOP YACHTING AND OTHER AQUATIC SPORTS, TO PROMOTE SOCIAL RECREATIONAL ACTIVITIES CONNECTED THEREWITH, AND TO IMPROVE YACHTING AND BOATING FACILITIES AT THE ERIE YACHT CLUB BASIN AND IN THE AREA OF ERIE HARBOR GENERALLY.

Activities or mission (Part I)

OPERATION OF YACHTING AND BOATING FACILITIES

  • BOATING: THE CLUB MAINTAINS ITS YACHTING AND BOATING FACILITIES IN ORDER TO ENCOURAGE AND DEVELOP YACHTING AND BOATING ACTIVITIES AMONG ITS MEMBERSHIP.

    Expenses $1,311,060 · Revenue $1,149,659

  • RESTAURANT AND BAR: THE CLUB MAINTAINS A RESTAURANT AND BAR TO PROMOTE SOCIAL AND RECREATIONAL ACTIVITIES FOR ITS MEMBERS IN CONNECTION WITH THE BOATING ACTIVITIES OUTLINED IN "LINE 4A" ABOVE.

    Expenses $2,298,485 · Revenue $1,238,496

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Harvey Downey

    PAST COMMODORE

    Total calculated
    $0
    Hours/week
    5

  • Michael Squeglia

    COMMODORE

    Total calculated
    $0
    Hours/week
    5

  • Russ Thompson

    VICE COMMODORE

    Total calculated
    $0
    Hours/week
    5

  • Matt Wolford

    REAR COMMODORE

    Total calculated
    $0
    Hours/week
    5

  • Brian Lasher

    FLEET CAPTAIN

    Total calculated
    $0
    Hours/week
    5

  • Timothy Weibel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • David McBrier

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Aj Ficcardi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Jennifer Stewart

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Ben Cares

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • John Bauman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Thomas Bedner

    GENERAL MANAGER

    Total calculated
    $125,131
    From this org
    $125,131
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • David Wagner

    SECRETARY/TREASURER

    Total calculated
    $15,000
    From this org
    $15,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

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.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
11 August 2026
IRS schema version
2024v5.5
Source object
202642589349301744

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.