Civic Intelligence

Captiva Island Yacht Club Inc

EIN 59-2520109 • 501(c)7 • Captiva, FL

Profile

The purpose of the organization is for the social enjoyment of members and to promote safe boating practices. It also promotes and encourages respect for the envirnoment.

PO Box 1239Captiva, FL 33924

www.captivaiyc.net

Siviq Scores

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

Liabilities / Assets

48th percentile

0.39x

Higher debt load relative to assets than 48% of similar nonprofits.

501(c)7 • $5M-$10M nonprofits • Source year 2025

Liabilities / Revenue

66th percentile

0.95x

Higher debt load relative to revenue than 66% of similar nonprofits.

501(c)7 • $5M-$10M nonprofits • Source year 2025

Net Margin

73rd percentile

11%

Higher net margin than 73% of similar nonprofits.

501(c)7 • $5M-$10M nonprofits • Source year 2025

Top Officer Pay

92nd percentile

$253,078

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 9.7% of source-year revenue.

501(c)7 • $5M-$10M nonprofits • Source year 2025

Asset Growth

38th percentile

-0.1%

Faster asset growth than 38% of similar nonprofits.

501(c)7 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Revenue Growth

44th percentile

4.3%

Faster revenue growth than 44% of similar nonprofits.

501(c)7 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Assets

Up

$6,335,812

Up $308,579 (+5.1%) from 2023

Liabilities

Down

$2,797,608

Down $78,518 (-2.7%) from 2023

Net Assets

Up

$3,538,204

Up $387,097 (+12%) from 2023

Revenue

Up

$2,509,846

Up $270,141 (+12%) from 2023

Expenses

Up

$2,251,891

Up $305,164 (+16%) from 2023

Net Income

Down

$257,955

Down $35,023 (-12%) from 2023

Trend Graphs

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $1,400,723Liabilities 2010: $60,897Net Assets 2010: $1,339,8262010Assets 2011: $1,489,341Liabilities 2011: $30,114Net Assets 2011: $1,459,2272011Assets 2012: $1,621,259Liabilities 2012: $64,612Net Assets 2012: $1,556,6472012Assets 2013: $1,701,837Liabilities 2013: $48,793Net Assets 2013: $1,653,0442013Assets 2014: $1,739,195Liabilities 2014: $13,475Net Assets 2014: $1,725,7202014Assets 2015: $1,888,004Liabilities 2015: $25,337Net Assets 2015: $1,862,6672015Assets 2016: $2,062,599Liabilities 2016: $111,340Net Assets 2016: $1,951,2592016Assets 2017: $2,107,580Liabilities 2017: $41,426Net Assets 2017: $2,066,1542017Assets 2018: $2,235,794Liabilities 2018: $245,210Net Assets 2018: $1,990,5842018Assets 2019: $1,960,346Liabilities 2019: $7,999Net Assets 2019: $1,952,3472019Assets 2020: $2,625,234Liabilities 2020: $767,034Net Assets 2020: $1,858,2002020Assets 2021: $4,848,457Liabilities 2021: $2,187,153Net Assets 2021: $2,661,3042021Assets 2022: $6,141,416Liabilities 2022: $3,283,287Net Assets 2022: $2,858,1292022Assets 2023: $6,027,233Liabilities 2023: $2,876,126Net Assets 2023: $3,151,1072023Assets 2024: $6,335,812Liabilities 2024: $2,797,608Net Assets 2024: $3,538,2042024

Highlighted filing

2024

Assets$6,335,812
Liabilities$2,797,608
Net Assets$3,538,204

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $644,2752010Revenue 2011: $906,783Expenses 2011: $787,386Net Income 2011: $119,3972011Expenses 2012: $664,9182012Expenses 2013: $692,3072013Revenue 2014: $985,255Expenses 2014: $914,312Net Income 2014: $70,9432014Revenue 2015: $920,026Expenses 2015: $833,346Net Income 2015: $86,6802015Revenue 2016: $984,689Expenses 2016: $904,764Net Income 2016: $79,9252016Revenue 2017: $1,002,320Expenses 2017: $951,558Net Income 2017: $50,7622017Revenue 2018: $967,836Expenses 2018: $1,017,406Net Income 2018: -$49,5702018Revenue 2019: $1,088,784Expenses 2019: $1,106,117Net Income 2019: -$17,3332019Revenue 2020: $1,048,830Expenses 2020: $1,155,528Net Income 2020: -$106,6982020Revenue 2021: $1,210,704Expenses 2021: $963,600Net Income 2021: $247,1042021Revenue 2022: $1,921,117Expenses 2022: $1,724,292Net Income 2022: $196,8252022Revenue 2023: $2,239,705Expenses 2023: $1,946,727Net Income 2023: $292,9782023Revenue 2024: $2,509,846Expenses 2024: $2,251,891Net Income 2024: $257,9552024

Highlighted filing

2024

Revenue$2,509,846
Expenses$2,251,891
Net Income$257,955

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.34$2.80$3.54$2.51$2.25$0.26
2023Detailed filing. Detailed filing data is available for this year.$6.03$2.88$3.15$2.24$1.95$0.29
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.14$3.28$2.86$1.92$1.72$0.20
2021Detailed filing. Detailed filing data is available for this year.$4.85$2.19$2.66$1.21$0.96$0.25
2020Detailed filing. Detailed filing data is available for this year.$2.63$0.77$1.86$1.05$1.16$0.11
2019Detailed filing. Detailed filing data is available for this year.$1.96$0.01$1.95$1.09$1.11$0.02
2018Detailed filing. Detailed filing data is available for this year.$2.24$0.25$1.99$0.97$1.02$0.05
2017Detailed filing. Detailed filing data is available for this year.$2.11$0.04$2.07$1.00$0.95$0.05
2016Detailed filing. Detailed filing data is available for this year.$2.06$0.11$1.95$0.98$0.90$0.08
2015Detailed filing. Detailed filing data is available for this year.$1.89$0.03$1.86$0.92$0.83$0.09
2014Detailed filing. Detailed filing data is available for this year.$1.74$0.01$1.73$0.99$0.91$0.07
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.70$0.05$1.65$0.69
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.62$0.06$1.56$0.66
2011Summary only. Only limited summary data is available for this year.$1.49$0.03$1.46$0.91$0.79$0.12
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.40$0.06$1.34$0.64
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Mar 20, 2024
Return Version
2023v6.0
Gross Receipts
$2,749,294
Mission and Program Overview

Mission

The purpose of the organization is for the social enjoyment of members and to promote safe boating practices. It also promotes and encourages respect for the environment.

The purpose of the organization is for the social enjoyment of members and to promote safe boating practices. It also promotes and encourages respect for the envirnoment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,958,231$2,703,067▼ $255,164
Savings and Temporary Cash Investments$702,137$1,503,948▲ $801,811
Investments in Publicly Traded Securities$1,899,692$1,412,427▼ $487,265
Accounts Receivable$212,186$546,366▲ $334,180
Inventories for Sale or Use$43,432$50,436▲ $7,004
Prepaid Expenses and Deferred Charges$53,207$43,913▼ $9,294
Total Assets$6,027,233$6,335,812▲ $308,579
Other Assets Total$158,348$75,655▼ $82,693
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,637,179$1,348,921▼ $288,258
Deferred Revenue$1,147,500$1,309,000▲ $161,500
Accounts Payable and Accrued Expenses$85,944$137,984▲ $52,040
Other Liabilities$5,503$1,703▼ $3,800
Total Liabilities$2,876,126$2,797,608▼ $78,518
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,151,107$3,538,204▲ $387,097
Total Net Assets Fund Balance$3,151,107$3,538,204▲ $387,097
Total Liabilities and Net Assets / Fund Balance$6,027,233$6,335,812▲ $308,579

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,730,854$977,957$2,708,811
Equipment$369,678$335,466$705,144
Leasehold Improvements$291,814$289,619$581,433
Land$300,000-$300,000
Other Land Buildings$10,721$6,536$17,257
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Brian WalkerGeneral ManaFT$255,477$2,338$257,815
Brian WalkerGeneral Manager-$255,477$2,338$257,815

Board Members and Trustees

NameTitle
Bill ThiedeDirector
Bruce GurallDirector
Celina Monte-sano KershDirector
Char NelsonDirector
Clay EwellDirector
Jay BrownDirector
Mark ReissDirector
Molly DowningDirector
Pam FridlingtonDirector
Sandy TreverDirector
Steven FritzeDirector
Susie FreundDirector
Tom LibonateDirector
Jon RosenDirector-tre
John HalliganCommodore
Gordon CoonsRear Commodo
Susan KienzleSecretary
Tina WysockiTreasurer
Robyn CookVice Commodo
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,793,868
Investment Income
$88,328
Other Revenue
$627,650
Change in Net Assets
$257,955
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,173,740
Other Expenses$1,078,151
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$847,256
Depreciation Depletion---$321,174
Occupancy---$257,942
Current Officers, Directors, Trustees, and Key Employees---$242,400
Interest---$125,717
Office Expenses---$98,645
Insurance---$93,421
Payroll Taxes---$84,084
Information Technology---$32,492
All Other Expenses---$21,249
Fees for Services Other---$12,125
Other Expenses---$10,779
Total Functional Expenses$0$0$0$2,251,891
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
Offsite Event Deposits$1,703
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
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

The organization consists of members.

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

The members elect the governing body.

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

A draft of the tax return is reviewed by the board prior to signing and filing the tax return.

Form 990, Page 6, Part VI, Line 12C

Signed by all members of the board of directors. Monitored by board of directors.

Form 990, Page 6, Part VI, Line 15A

No compensation is given to the ceo or executive director.

Form 990, Page 6, Part VI, Line 15B

Compensation for general manager, business manager and executive chef are reviewed annually and review is approved by board of directors.

Form 990, Page 6, Part VI, Line 19

Cyic is a private organization. Documents are available to members only.

Filing and Contact Details

Filer

Filer Name
Captiva Island Yacht Club Inc
EIN
59-2520109
Phone
2394724133
Address
PO BOX 1239, CAPTIVA, FL 33924

Signing Officer

Name
Jon Rosen
Title
Director-treasurer
Phone
2394724133
Signed
2024-03-20

Organization Details

Principal Officer
Jon Rosen
Formed
1985
Legal Domicile
Fl
Voting Board Members
15
Independent Board Members
15
Employees
26
Volunteers
30

Preparer

Firm
Stroemer & Company
Address
14030 METROPOLIS AVE STE 200, FORT MYERS, FL 33912
Preparer
Marc Whitfield CPA
Phone
2394331002
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

Volunteers serve on the 20 different committees at the club.

Form 990, Part XI, Line 9

New membership certificates 377,442 membership certificate refunds -248,300 total 129,142

Financial Statement Notes

Schedule D, Page 3, Part X

The club is exempt from income taxes under section 501(c)(7) of the internal revenue code. There is no federal or state tax imposed on the club. Internal revenue code 521 imposes a corporate income tax on the "unrelated business income" of an otherwise tax-exempt club. There are no temporary differences between the financial reporting and tax reporting with respect to the unrelated business income; therefore no deferred tax provision has been recorded. The club incurred federal income tax liability of 17,866 for the year ended september 30, 2024. Management has analyzed its various federal filing positions and believes that the club's income tax filing positions and deductions are well documented, supported and contain no uncertain tax positions. Additionally, management believes that no accruals for tax liabilities, interest or penalties are required. Therefore, no reserves for uncertain income tax positions have been recorded. Further, no interest or penalties have been included since no reserves were recorded. When applicable, such interest and penalties will be reported as income tax expense. The club's federal income tax returns remain subject to examination by the internal revenue service for three years from the date of filing. The internal revenue service has exempted the club from federal income taxes under section 501 (c)(7) of the internal revenue code.

Raw XML AppendixShowing 400 of 470 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0GENERAL MANA
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE COMMODO
IRS990/Form990PartVIISectionAGrp/TitleTxt3REAR COMMODO
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10COMMODORE
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR-TRE
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19TREASURER
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IRS990/MissionDesc0THE PURPOSE OF THE ORGANIZATION IS FOR THE SOCIAL ENJOYMENT OF MEMBERS AND TO PROMOTE SAFE BOATING PRACTICES. IT ALSO PROMOTES AND ENCOURAGES RESPECT FOR THE ENVIRNOMENT.
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IRS990/OtherExpensesGrp/Desc2EMPLOYEE MEALS
IRS990/OtherExpensesGrp/Desc3SAILING AND WATERFRONT
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IRS990/OtherRevenueMiscGrp/Desc1MISC INCOME
IRS990/OtherRevenueMiscGrp/Desc2INSURANCE PROCEEDS
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01703
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OFFSITE EVENT DEPOSITS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CLUB IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(7) OF THE INTERNAL REVENUE CODE. THERE IS NO FEDERAL OR STATE TAX IMPOSED ON THE CLUB. INTERNAL REVENUE CODE 521 IMPOSES A CORPORATE INCOME TAX ON THE "UNRELATED BUSINESS INCOME" OF AN OTHERWISE TAX-EXEMPT CLUB. THERE ARE NO TEMPORARY DIFFERENCES BETWEEN THE FINANCIAL REPORTING AND TAX REPORTING WITH RESPECT TO THE UNRELATED BUSINESS INCOME; THEREFORE NO DEFERRED TAX PROVISION HAS BEEN RECORDED. THE CLUB INCURRED FEDERAL INCOME TAX LIABILITY OF 17,866 FOR THE YEAR ENDED SEPTEMBER 30, 2024. MANAGEMENT HAS ANALYZED ITS VARIOUS FEDERAL FILING POSITIONS AND BELIEVES THAT THE CLUB'S INCOME TAX FILING POSITIONS AND DEDUCTIONS ARE WELL DOCUMENTED, SUPPORTED AND CONTAIN NO UNCERTAIN TAX POSITIONS. ADDITIONALLY, MANAGEMENT BELIEVES THAT NO ACCRUALS FOR TAX LIABILITIES, INTEREST OR PENALTIES ARE REQUIRED. THEREFORE, NO RESERVES FOR UNCERTAIN INCOME TAX POSITIONS HAVE BEEN RECORDED. FURTHER, NO INTEREST OR PENALTIES HAVE BEEN INCLUDED SINCE NO RESERVES WERE RECORDED. WHEN APPLICABLE, SUCH INTEREST AND PENALTIES WILL BE REPORTED AS INCOME TAX EXPENSE. THE CLUB'S FEDERAL INCOME TAX RETURNS REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR THREE YEARS FROM THE DATE OF FILING. THE INTERNAL REVENUE SERVICE HAS EXEMPTED THE CLUB FROM FEDERAL INCOME TAXES UNDER SECTION 501 (C)(7) OF THE INTERNAL REVENUE CODE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleD/TotalLiabilityAmt01703
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt02338
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0BRIAN WALKER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0GENERAL MANAGER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0257815
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0VOLUNTEERS SERVE ON THE 20 DIFFERENT COMMITTEES AT THE CLUB.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION CONSISTS OF MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE MEMBERS ELECT THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A DRAFT OF THE TAX RETURN IS REVIEWED BY THE BOARD PRIOR TO SIGNING AND FILING THE TAX RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SIGNED BY ALL MEMBERS OF THE BOARD OF DIRECTORS. MONITORED BY BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NO COMPENSATION IS GIVEN TO THE CEO OR EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6COMPENSATION FOR GENERAL MANAGER, BUSINESS MANAGER AND EXECUTIVE CHEF ARE REVIEWED ANNUALLY AND REVIEW IS APPROVED BY BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7CYIC IS A PRIVATE ORGANIZATION. DOCUMENTS ARE AVAILABLE TO MEMBERS ONLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8NEW MEMBERSHIP CERTIFICATES 377,442 MEMBERSHIP CERTIFICATE REFUNDS -248,300 TOTAL 129,142
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 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XI, LINE 9
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