Liabilities / Assets
69th percentile
Higher debt load relative to assets than 69% of similar nonprofits.
EIN 95-2293959 • 501(c)7 • Marina Del Rey, CA
Profile
Public education of sailing activities; promote boating and safety programs; support 2 coast guard auxiliary squadrons and provide classrooms. Junior sailing program providing scholarships.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
69th percentile
Higher debt load relative to assets than 69% of similar nonprofits.
Liabilities / Revenue
76th percentile
Higher debt load relative to revenue than 76% of similar nonprofits.
Net Margin
10th percentile
Higher net margin than 10% of similar nonprofits.
Top Officer Pay
17th percentile
Higher top officer pay than 17% of similar nonprofits.
Top officer pay equals 1.9% of source-year revenue.
Asset Growth
6th percentile
Faster asset growth than 6% of similar nonprofits.
Revenue Growth
17th percentile
Faster revenue growth than 17% of similar nonprofits.
Assets
Down$13,268,048
Down $897,367 (-6.3%) from 2023
Liabilities
Down$6,340,975
Down $402,289 (-6.0%) from 2023
Net Assets
Down$6,927,073
Down $495,078 (-6.7%) from 2023
Revenue
Down$5,854,203
Down $175,129 (-2.9%) from 2023
Expenses
Up$6,448,165
Up $674,374 (+12%) from 2023
Net Income
Down-$593,962
Down $849,503 (-332%) from 2023
Most recent year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.
Public education of sailing activities; promote boating and safety programs; support 2 coast guard auxiliary squadrons and provide classrooms. Junior sailing program providing scholarships. See list of accomplishments attached.
Public education of sailing activities; promote boating and safety programs; support 2 coast guard auxiliary squadrons and provide classrooms. Junior sailing program providing scholarships.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Rtn Earn Endowment Incm Other Fnds | $4,929,576 | $4,380,623 | ▼ $548,953 |
| Land, Buildings, and Equipment, Net | $3,386,588 | $3,277,774 | ▼ $108,814 |
| Pd in Cap Srpls Land Bldg Eqp Fund | $2,491,575 | $2,545,450 | ▲ $53,875 |
| Investments Other Securities | $1,992,184 | $2,316,287 | ▲ $324,103 |
| Cash and Non-Interest-Bearing Accounts | $1,202,365 | $868,795 | ▼ $333,570 |
| Prepaid Expenses and Deferred Charges | $336,981 | $361,536 | ▲ $24,555 |
| Accounts Receivable | $195,209 | $205,303 | ▲ $10,094 |
| Cap Stk Tr Prin Current Funds | $1,000 | $1,000 | → $0 |
| Total Assets | $14,165,415 | $13,268,048 | ▼ $897,367 |
| Other Assets Total | $7,052,088 | $6,238,353 | ▼ $813,735 |
| Liabilities | |||
| Other Liabilities | $6,232,457 | $5,770,877 | ▼ $461,580 |
| Accounts Payable and Accrued Expenses | $510,807 | $566,525 | ▲ $55,718 |
| Deferred Revenue | - | $3,573 | - |
| Total Liabilities | $6,743,264 | $6,340,975 | ▼ $402,289 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $7,422,151 | $6,927,073 | ▼ $495,078 |
| Total Liabilities and Net Assets / Fund Balance | $14,165,415 | $13,268,048 | ▼ $897,367 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Leasehold Improvements | $1,071,343 | $3,711,123 | $4,782,466 |
| Buildings | $1,266,700 | $2,591,685 | $3,858,385 |
| Other Land Buildings | $603,637 | $478,638 | $1,082,275 |
| Equipment | $336,094 | $266,377 | $602,471 |
| Other Assets Org | $5,870,080 | - | - |
| Other Securities | $2,316,287 | - | - |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Pedro Quezada | Employee | FT | $110,885 | $355 | $111,240 |
| Teresa Lynne Silverstein | Employee | FT | $106,507 | $4,493 | $111,000 |
| Name | Title |
|---|---|
| Roger Friedman | Commodore/director |
| Brendan Huffman | Director |
| Chris Cassidy | Director |
| David Flamer | Director |
| Debbie Wasserman | Director |
| Doug Galen | Director |
| Earl Enzer | Director |
| Jamie Myer | Director |
| Jeannie Schwulst | Director |
| Joel Leslie | Director |
| Jose De Vega | Director |
| Lynn Silverman | Director |
| Marv Sachse | Director |
| Robin Mckay | Director |
| Steve Sachse | Director |
| Vic Jeclicka | Director |
| Vicki Brown | Director |
| Sue Artof | Rear Commodore/director |
| Jamie Terrance | Secretary/director |
| Laurie E Romanak | Treasurer/director |
| Jeff Pielet | Vice-commodore/director |
| Line Item | Amount |
|---|---|
| Other Expenses | $5,839,284 |
| Salaries, Compensation, and Employee Benefits | $608,881 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Occupancy | - | - | - | $1,446,315 |
| Other Salaries and Wages | - | - | - | $467,253 |
| Insurance | - | - | - | $351,062 |
| All Other Expenses | - | - | - | $307,649 |
| Depreciation Depletion | - | - | - | $221,614 |
| Office Expenses | - | - | - | $217,471 |
| Other Expenses | - | - | - | $163,766 |
| Fees for Services Legal | - | - | - | $121,101 |
| Pension Plan Contributions | - | - | - | $70,004 |
| Payroll Taxes | - | - | - | $36,828 |
| Fees for Services Accounting | - | - | - | $34,870 |
| Other Employee Benefits | - | - | - | $34,796 |
| Total Functional Expenses | $0 | $0 | $0 | $6,448,165 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Lease Liability | $5,592,002 |
| Deposit | $178,875 |
“Voting board member susan artof is the wife of non-voting board member paul artof.”
“Flag members are the stockholders, details available on request.”
“Stockholders elect the board members, board elects officers and ratify board appointments.”
“Financial decisions above set limits require shareholders approval. Details available on request.”
“The form is reviewed by the treasurer. Following review by the treasurer the marked-up form is provided to the commodores for review. At any time during the review process the form is available to any director upon request. Upon completion of the updates noted review by the club's officers it is available for submission.”
“The forms are available upon request.”
“Intermediate members' contributions towards flag memberships 1,600. New membership contributions 298,950.”
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/TitleTxt | 4 | SECRETARY/DIRECTOR |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 16 | DIRECTOR |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 18 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 19 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 20 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 21 | EMPLOYEE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 22 | EMPLOYEE |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/Form990TFiledInd | 0 | 1 |
| IRS990/FormationYr | 0 | 1954 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedInd | 0 | 0 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 20 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 5854203 |
| IRS990/GrossReceiptsForPublicUseAmt | 0 | 0 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 0 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 0 |
| IRS990/IndependentVotingMemberCnt | 0 | 20 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 2 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIInd | 0 | X |
| IRS990/InitiationFeesAndCapContriAmt | 0 | 0 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 351062 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 76001 |
| IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt | 0 | 76001 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt | 0 | 1992184 |
| IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt | 0 | 2316287 |
| IRS990/IRPDocumentCnt | 0 | 50 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 7047823 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 3386588 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 3277774 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 10325597 |
| IRS990/LegalDomicileStateCd | 0 | CA |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembershipDuesAmt | 0 | 1743734 |
| IRS990/MembersOrStockholdersInd | 0 | 1 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | PUBLIC EDUCATION OF SAILING ACTIVITIES; PROMOTE BOATING AND SAFETY PROGRAMS; SUPPORT 2 COAST GUARD AUXILIARY SQUADRONS AND PROVIDE CLASSROOMS. JUNIOR SAILING PROGRAM PROVIDING SCHOLARSHIPS. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 7422151 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 6927073 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 75001 |
| IRS990/NoListedPersonsCompensatedInd | 0 | X |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 1446315 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 217471 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501cInd | 0 | X |
| IRS990/OrgDoesNotFollowFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 7052088 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 6238353 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 300550 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 34796 |
| IRS990/OtherExpensesGrp/Desc | 0 | FOOD OPERATIONS |
| IRS990/OtherExpensesGrp/Desc | 1 | REPAIRS & MAINTENANCE |
| IRS990/OtherExpensesGrp/Desc | 2 | COMMITTEES |
| IRS990/OtherExpensesGrp/Desc | 3 | CAT HARBOR |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 1672516 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 980873 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 322047 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 163766 |
| IRS990/OtherInd | 0 | X |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 6232457 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 5770877 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 467253 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 36828 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt | 0 | 2491575 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt | 0 | 2545450 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 70004 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 336981 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 361536 |
| IRS990/PrincipalOfficerNm | 0 | LAURIE E ROMANAK |
| IRS990/PriorPeriodAdjustmentsAmt | 0 | -201666 |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 900099 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 900099 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 2 | 900099 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 3 | 900099 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 4 | 900099 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | SLIP RENTALS |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | FOOD OPERATIONS |
| IRS990/ProgramServiceRevenueGrp/Desc | 2 | LIVEBOARDS |
| IRS990/ProgramServiceRevenueGrp/Desc | 3 | DRY STORAGE |
| IRS990/ProgramServiceRevenueGrp/Desc | 4 | LOCKER RENTALS |
| IRS990/ProgramServiceRevenueGrp/ExclusionAmt | 0 | 2312029 |
| IRS990/ProgramServiceRevenueGrp/ExclusionAmt | 1 | 1457288 |
| IRS990/ProgramServiceRevenueGrp/ExclusionAmt | 2 | 70609 |
| IRS990/ProgramServiceRevenueGrp/ExclusionAmt | 3 | 56842 |
| IRS990/ProgramServiceRevenueGrp/ExclusionAmt | 4 | 39206 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 2312029 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 1457288 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 2 | 70609 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 3 | 56842 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 4 | 39206 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 1664375 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 50804 |
| IRS990/PYOtherExpensesAmt | 0 | 5312173 |
| IRS990/PYOtherRevenueAmt | 0 | 0 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 4314153 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 255541 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 461618 |
| IRS990/PYTotalExpensesAmt | 0 | 5773791 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 6029332 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -593962 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 1 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 1 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 1 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt | 0 | 4929576 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt | 0 | 4380623 |
| IRS990/ScheduleBRequiredInd | 0 | 0 |
| IRS990ScheduleD/BuildingsGrp/BookValueAmt | 0 | 1266700 |
| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 2591685 |
| IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 3858385 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 336094 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 266377 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 602471 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt | 0 | 1071343 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt | 0 | 3711123 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt | 0 | 4782466 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 0 | 29094 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 1 | 339179 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 2 | 5870080 |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | OTHER ASSETS |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 1 | RESTRICTED CASH |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 2 | RIGHT OF USE_LEASE |
| IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt | 0 | 603637 |
| IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt | 0 | 478638 |
| IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 1082275 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 178875 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 5592002 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | DEPOSIT |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | LEASE LIABILITY |
| IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt | 0 | 2316287 |
| IRS990ScheduleD/OtherSecuritiesGrp/Desc | 0 | INVESTMENTS - HELD TO MATURITY |
| IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd | 0 | C |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 3277774 |
| IRS990ScheduleD/TotalBookValueOtherAssetsAmt | 0 | 6238353 |
| IRS990ScheduleD/TotalBookValueSecuritiesAmt | 0 | 2316287 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 5770877 |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | VOTING BOARD MEMBER SUSAN ARTOF IS THE WIFE OF NON-VOTING BOARD MEMBER PAUL ARTOF. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | FLAG MEMBERS ARE THE STOCKHOLDERS, DETAILS AVAILABLE ON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | STOCKHOLDERS ELECT THE BOARD MEMBERS, BOARD ELECTS OFFICERS AND RATIFY BOARD APPOINTMENTS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | FINANCIAL DECISIONS ABOVE SET LIMITS REQUIRE SHAREHOLDERS APPROVAL. DETAILS AVAILABLE ON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE FORM IS REVIEWED BY THE TREASURER. FOLLOWING REVIEW BY THE TREASURER THE MARKED-UP FORM IS PROVIDED TO THE COMMODORES FOR REVIEW. AT ANY TIME DURING THE REVIEW PROCESS THE FORM IS AVAILABLE TO ANY DIRECTOR UPON REQUEST. UPON COMPLETION OF THE UPDATES NOTED REVIEW BY THE CLUB'S OFFICERS IT IS AVAILABLE FOR SUBMISSION. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | THE FORMS ARE AVAILABLE UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | INTERMEDIATE MEMBERS' CONTRIBUTIONS TOWARDS FLAG MEMBERSHIPS 1,600. NEW MEMBERSHIP CONTRIBUTIONS 298,950. |
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