irs program accomplishments · form 990 part iii · fy2024
What they reported doing
- #1 primary $302KLAGOON RENTAL - TO PROVIDE ANCHORAGE FOR ITS MEMBERS TO PROMOTE THESCIENCE OF SEAMANSHIP AND NAVIGATION, AND FOR THE RECREATION AND USE OFITS MEMBERS.
- #2 $227KBAR SERVICES FOR MEMBERSHIP
named programs · 3 · from sources
What they call their work
Bar Services for Membership
Provides drinks to members at the clubhouse facility as part of member social services.
Food Services
Offers meals to members at the clubhouse facility as a social and recreational amenity.
Lagoon Rental
Provides anchorage for members to support seamanship, navigation, and recreational boating.
activities · 2 groups
What they do
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Private Club Dining Services 1 activity
- Operates food and beverage services at clubhouseProvides food, bar, and drink services to members at the clubhouse facility as part of its member-supported operations.
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Recreational Boating and Sailing Programs 1 activity
- Provides anchorage and supports recreational boatingOffers docking and anchorage services to members, promoting seamanship, navigation, and recreational boating activities.
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financials · form 990 · fy2024
revenue
Total revenue$2.15M
Contributions & grants$00%
Program service revenue$1.94M90%
Investment income$00%
Other revenue$212K
expenses
Total expenses$2.08M
Program expenses68%
Admin / overhead32%
Fundraising0%
Salaries & benefits$914K
Grants paid out$0
Largest expense lineCompensation
balance sheet
Total assets$3.26M
Cash$307K
Investments$0
Liabilities$1.89M
Net assets$1.38M
Liquid reserves1.8 mo
4 years on record · 2020–2024 · YoY revenue +6.3%
leadership · form 990 part vii · fy2024
Who runs it
board members · 7
- CLAY CROUCH — Trustee
- DAN OLIVERI — Secretary
- DENNIS BOLOGNA — Trustee
- ERNST DINDA — Trustee
- JAMES MCDONALD — Trustee
- MARK REITH — COMMODORE
- VINCENT GARGANO — Trustee