Civic Intelligence

Sturgeon Bay Yacht Club Inc

EIN 39-0868594 • 501(c)7 • Sturgeon Bay, WI

Profile

The sturgeon bay yacht club is dedicated to providing members consistent, excellent meals, in a friendly, private club setting, while encouraging safe boating activities of all kinds

600 Nautical DriveSturgeon Bay, WI 54235

www.sturgeonbayyachtclub.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

96th percentile

1.04x

Higher debt load relative to assets than 96% of similar nonprofits.

501(c)7 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

84th percentile

0.23x

Higher debt load relative to revenue than 84% of similar nonprofits.

501(c)7 • <$500k nonprofits • Source year 2018

Net Margin

69th percentile

11%

Higher net margin than 69% of similar nonprofits.

501(c)7 • <$500k nonprofits • Source year 2018

Top Officer Pay

94th percentile

$0

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)7 • <$500k nonprofits • Source year 2018

Asset Growth

11th percentile

-50%

Faster asset growth than 11% of similar nonprofits.

501(c)7 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

73rd percentile

15%

Faster revenue growth than 73% of similar nonprofits.

501(c)7 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Down

$99,280

Down $99,974 (-50%) from 2017

Liabilities

Down

$102,997

Down $72,024 (-41%) from 2017

Net Assets

Down

-$3,717

Down $27,950 (-115%) from 2017

Revenue

Up

$456,309

Up $60,381 (+15%) from 2017

Expenses

Down

$406,366

Down $8,469 (-2.0%) from 2017

Net Income

Up

$49,943

Up $68,850 (+364%) from 2017

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400K$300K$200K$100K$0-$100KAssets 2010: $277,685Liabilities 2010: $260,932Net Assets 2010: $16,7532010Assets 2011: $249,397Liabilities 2011: $222,715Net Assets 2011: $26,6822011Assets 2012: $303,030Liabilities 2012: $239,127Net Assets 2012: $63,9032012Assets 2013: $285,367Liabilities 2013: $238,191Net Assets 2013: $47,1762013Assets 2014: $255,340Liabilities 2014: $209,533Net Assets 2014: $45,8072014Assets 2015: $256,460Liabilities 2015: $223,375Net Assets 2015: $33,0852015Assets 2016: $208,059Liabilities 2016: $164,101Net Assets 2016: $43,9582016Assets 2017: $199,254Liabilities 2017: $175,021Net Assets 2017: $24,2332017Assets 2018: $99,280Liabilities 2018: $102,997Net Assets 2018: -$3,7172018

Highlighted filing

2018

Assets$99,280
Liabilities$102,997
Net Assets-$3,717

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KExpenses 2010: $167,0422010Expenses 2011: $166,4282011Expenses 2012: $206,9712012Revenue 2013: $211,270Expenses 2013: $227,165Net Income 2013: -$15,8952013Revenue 2014: $234,251Expenses 2014: $235,620Net Income 2014: -$1,3692014Revenue 2015: $219,265Expenses 2015: $231,589Net Income 2015: -$12,3242015Revenue 2016: $236,241Expenses 2016: $223,410Net Income 2016: $12,8312016Revenue 2017: $395,928Expenses 2017: $414,835Net Income 2017: -$18,9072017Revenue 2018: $456,309Expenses 2018: $406,366Net Income 2018: $49,9432018

Highlighted filing

2018

Revenue$456,309
Expenses$406,366
Net Income$49,943

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 5, 2019
Return Version
2018v3.1
Gross Receipts
$456,309
Mission and Program Overview

Mission

The sturgeon bay yacht club is dedicated to providing members consistent, excellent meals, in a friendly, private club setting, while encouraging safe boating activities of all kinds

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$13,215$34,975▲ $21,760
Land, Buildings, and Equipment, Net$150,034$19,850▼ $130,184
Inventories for Sale or Use$15,159$19,322▲ $4,163
Accounts Receivable$14,492$18,922▲ $4,430
Prepaid Expenses and Deferred Charges$6,354$6,211▼ $143
Total Assets$199,254$99,280▼ $99,974
Liabilities
Accounts Payable and Accrued Expenses$51,974$43,160▼ $8,814
Deferred Revenue$50,381$38,160▼ $12,221
Mortgage Notes Payable Secured by Investment Property$35,291--
Other Liabilities$24,073$21,677▼ $2,396
Unsecured Notes Loans Payable$13,302--
Total Liabilities$175,021$102,997▼ $72,024
Net Assets / Fund Balance
Unrestricted Net Assets$24,233$-3,717▼ $27,950
Total Net Assets Fund Balance$24,233$-3,717▼ $27,950
Total Liabilities and Net Assets / Fund Balance$199,254$99,280▼ $99,974

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$19,850$136,308$156,158
Compensation and Service Providers

Board Members and Trustees

NameTitle
Al SteinerDirector
David SchanockDirector
Eric PfeifferDirector
Jane WineingerDirector
Mark PudloDirector
Sharon PetersonDirector
Terry RikerDirector
Tim GraulDirector
Elaine CarmichaelCommodore
Jon KrusePast Commodo
Ed PiechnaRear Commodo
Mike ClumpnerTreasurer
Alison WalkerVice Commodo
Revenue and Support

Revenue Composition

Contributions and Grants
$595
Program Service Revenue
$444,453
Investment Income
$0
Other Revenue
$11,261
All Other Contributions
$595
Change in Net Assets
$49,943
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$377,825
Salaries, Compensation, and Employee Benefits$28,541
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$43,362$4,616-$47,978
All Other Expenses$29,064$3,296-$32,360
Other Salaries and Wages$9,438$15,773-$25,211
Insurance$9,690$1,825-$11,515
Fees for Services Accounting-$8,531-$8,531
Depreciation Depletion$6,700$175-$6,875
Other Expenses$5,210--$5,210
Payroll Taxes$1,245$2,085-$3,330
Information Technology-$1,542-$1,542
Office Expenses-$1,003-$1,003
Interest-$428-$428
Advertising$240--$240
Total Functional Expenses$367,092$39,274$0$406,366
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Employee Christmas Fund Payable$6,278
Accrued Wages$4,392
Payroll Liabilities$3,993
Banquet Tips Payable$2,724
Sales Tax Payable$2,294
Equipment Lease Payable$1,232
Piano Account$765
Rounding$-1
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

Private yacht club with annual paid memberships

Form 990, Page 6, Part VI, Line 7A

Members elect directors & officers at annual meeting.

Form 990, Page 6, Part VI, Line 11B

Distributed to the board for review prior to submission

Form 990, Page 6, Part VI, Line 19

Copies of governing documents are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Sturgeon Bay Yacht Club Inc
EIN
39-0868594
Phone
9207436934
Address
600 NAUTICAL DRIVE, STURGEON BAY, WI 54235

Signing Officer

Name
Mike Clumpner
Title
Treasurer
Phone
9207436934
Signed
2019-11-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Elaine Carmichael
Formed
1946
Legal Domicile
Wi
Voting Board Members
13
Independent Board Members
13
Employees
29
Volunteers
30

Preparer

Firm
Inge Alverson Bacon CPA
Address
253 N 1ST AVE STOP 1, STURGEON BAY, WI 54235-2500
Preparer
Inge Alverson Bacon
Phone
9204210923
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

Volunteers serve on the board and on committees, decorate and volunteer for special events, and help with maintenance and spring clean-up.

Form 990, Part XI, Line 9

Net asset transfer -78,105 transfer of assets to sail training foundation

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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt010975
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1215
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt270
IRS990/OtherRevenueTotalAmt011261
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt015773
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt09438
IRS990/OtherSalariesAndWagesGrp/TotalAmt025211
IRS990/PartialLiquidationInd0true
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02085
IRS990/PayrollTaxesGrp/ProgramServicesAmt01245
IRS990/PayrollTaxesGrp/TotalAmt03330
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt06354
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt06211
IRS990/PrincipalOfficerNm0ELAINE CARMICHAEL
IRS990/PriorPeriodAdjustmentsAmt0212
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0722511
IRS990/ProgramServiceRevenueGrp/Desc0RESTAURANT,BAR,MERCHANDISE
IRS990/ProgramServiceRevenueGrp/Desc1SALES TO NONMEMBERS
IRS990/ProgramServiceRevenueGrp/Desc24100 DUES INCOME
IRS990/ProgramServiceRevenueGrp/Desc37010 CAPITAL FUND FEES
IRS990/ProgramServiceRevenueGrp/ExclusionAmt0200463
IRS990/ProgramServiceRevenueGrp/ExclusionAmt179122
IRS990/ProgramServiceRevenueGrp/ExclusionAmt221833
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0200463
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1143035
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt279122
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt321833
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt0143035
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt03913
IRS990/PYOtherExpensesAmt0377839
IRS990/PYOtherRevenueAmt07682
IRS990/PYProgramServiceRevenueAmt0384333
IRS990/PYRevenuesLessExpensesAmt0-18907
IRS990/PYSalariesCompEmpBnftPaidAmt036996
IRS990/PYTotalExpensesAmt0414835
IRS990/PYTotalRevenueAmt0395928
IRS990/ReconcilationRevenueExpnssAmt049943
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0true
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt019850
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0136308
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0156158
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt06278
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt14392
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt23993
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt32724
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt42294
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt51232
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt6765
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt7-1
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0EMPLOYEE CHRISTMAS FUND PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED WAGES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2PAYROLL LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3BANQUET TIPS PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4SALES TAX PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5EQUIPMENT LEASE PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc6PIANO ACCOUNT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc7ROUNDING
IRS990ScheduleD/TotalBookValueLandBuildingsAmt019850
IRS990ScheduleD/TotalLiabilityAmt021677
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleN/DirectorOfSuccessor2Ind0true
IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0BUILDING
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt02019-04-01
IRS990ScheduleN/DispositionOfAssetsDetail/EIN0237186112
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt078105
IRS990ScheduleN/DispositionOfAssetsDetail/IRCSectionTxt0501(C)(3)
IRS990ScheduleN/DispositionOfAssetsDetail/MethodOfFMVDeterminationTxt0NBV
IRS990ScheduleN/DispositionOfAssetsDetail/PersonNm0SBYC SAIL TRAINING FOUNDATION
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/AddressLine1Txt0600 NAUTICAL DR
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/CityNm0STURGEON BAY
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/StateAbbreviationCd0WI
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/ZIPCd054235
IRS990ScheduleN/EmployeeOfSuccessor2Ind0false
IRS990ScheduleN/OwnerOfSuccessor2Ind0false
IRS990ScheduleN/ReceiveCompensation2Ind0false
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0THE ENTIRE BOARD OF THE STURGEON BAY YACHT CLUB INC. ALSO SERVES AS THE BOARD OF THE STURGEON BAY YACHT CLUB SAIL TRAINING FOUNDATION.
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE N, PART II, PAGE 2, LINE 2E
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0VOLUNTEERS SERVE ON THE BOARD AND ON COMMITTEES, DECORATE AND VOLUNTEER FOR SPECIAL EVENTS, AND HELP WITH MAINTENANCE AND SPRING CLEAN-UP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PRIVATE YACHT CLUB WITH ANNUAL PAID MEMBERSHIPS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERS ELECT DIRECTORS & OFFICERS AT ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DISTRIBUTED TO THE BOARD FOR REVIEW PRIOR TO SUBMISSION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COPIES OF GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NET ASSET TRANSFER -78,105 TRANSFER OF ASSETS TO SAIL TRAINING FOUNDATION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0true
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0SBYC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine2Txt0STURGEON BAY YACHT CLUB
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0SBYC SAIL TRAINING FOUNDATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0237186112
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0WI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0RECREATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0600 NAUTICAL DRIVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0STURGEON BAY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0WI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd054235
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0true
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0true
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0true
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0true
IRS990ScheduleR/SupplementalInformationDetail/ExplanationTxt0SBYC SAIL TRAINING FOUNDATION IS A NONPROFIT OFFERING AFFORDABLE CLASSES IN SAILING AND WATER SAFETY TO CHILDREN AND ADULTS IN THE DOOR COUNTY COMMUNITY. ALL CLASSES ARE HELD AT THE STURGEON BAY YACHT CLUB.
IRS990ScheduleR/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE R
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt09308
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt111141
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt278104
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt311700
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0PAYROLL EXPENSES

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