Chagrin Lagoons Yacht Club Inc in Eastlake, Ohio (OH)

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Chagrin Lagoons Yacht Club Inc
Employer Identification Number (EIN)340835152
Name of OrganizationChagrin Lagoons Yacht Club Inc
In Care of Name35111
Address35111 Lagoon Dr, Eastlake, OH 44095-1741
ActivitiesOther recreational activities
SubsectionPleasure, Recreational, or Social Club
Ruling Date08/1992
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2012
Assets$1,000,000 to $4,999,999
Income$500,000 to $999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$2,224,236
Amount of Income$730,619
Form 990 Revenue Amount$730,619


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Financial snapshot ($)

Revenue for 2011

Functional expenses for 2011

Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?Yes
Initiation fees and capital contributions$73,741
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$681,854
Contributions, Gifts, Grants and Other Similar Amounts$351,150
Program Service Revenue$330,686
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$18
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2011)
Total functional expenses$631,360
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$41,000
Payroll taxes$7,311
Professional fundraising services$0
Other$583,049
Balance Sheet (for 2011)
Total assets$2,138,616
Total liabilities$311,780
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$300,494
Unsecured notes and loans payable to unrelated third parties$0
Other$11,286
Total net assets or fund balances$1,826,836
Retained earnings, endowment, accumulated income, or other funds$1,826,836
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:Not provided
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