Grand Traverse Yacht Club

Traverse City, MI
Tax-exempt since April 1972
EIN: 38-1893397

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Type of Nonprofit

Designated as a 501(c)(7) Social and recreational clubs.

Donations to this organization are not tax deductible.

Revenue

$600k (2023)

Expenses

$541k (2023)

Total Assets

$1.41M (2023)

Total Liabilities

$637k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Revenue

$599,518

Expenses

$541,029

Net Income

$58,489

Net Assets

$770,973

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$547,484	91.3%
Investment Income	$1,179	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$16,439	2.7%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$34,416	5.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$157,853	29.2%

Assets/Debt
Total Assets	$1,407,699
Total Liabilities	$636,726
Net Assets	$770,973

Club or Co-Op Income
Initiation Fees & Contributions	$0
Income From Public Use of Club Facilities	$0

Compensation

Key Employees and Officers	Compensation	Related	Other
Chad Brown (Director)	$0	$0	$0
Shannon Hicks (Director)	$0	$0	$0
Mike Mulcahy (Director)	$0	$0	$0
Adam Pettyman (Director)	$0	$0	$0
Sam Bender (Rear Commodo)	$0	$0	$0
Petra Keuhnis (Past Commodo)	$0	$0	$0
Kim Marian (Secretary)	$0	$0	$0
Darric Newman (Vice Commodo)	$0	$0	$0
Verne Powell (Commodore)	$0	$0	$0
Scot Zimmerman (Treasurer)	$0	$0	$0

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990

Filed on Nov. 5, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2022

Revenue

$472,760

Expenses

$472,305

Net Income

$455

Net Assets

$712,484

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$436,289	92.3%
Investment Income	$3	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$21,214	4.5%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$15,254	3.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$127,245	26.9%

Assets/Debt
Total Assets	$1,382,528
Total Liabilities	$670,044
Net Assets	$712,484

Club or Co-Op Income
Initiation Fees & Contributions	$0
Income From Public Use of Club Facilities	$0

Compensation

Key Employees and Officers	Compensation	Related	Other
Sam Bender (Director)	$0	$0	$0
Adam Pettyman (Director)	$0	$0	$0
Shannon Hicks (Director)	$0	$0	$0
Kim Marian (Secretary)	$0	$0	$0
Darric Newman (Director)	$0	$0	$0
Mike Mulcahy (Director)	$0	$0	$0
Scot Zimmerman (Treasurer)	$0	$0	$0
Verne Powell (Chairman)	$0	$0	$0
Petra Keuhnis (Executive Dir.)	$0	$0	$0
Mark Clark (Chairman)	$0	$0	$0

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990

Filed on Sept. 29, 2023

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Fiscal Year Ending Dec.
2021

Revenue

$433,745

Expenses

$400,116

Net Income

$33,629

Net Assets

$712,029

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$30,422	7.0%
Program Services	$372,945	86.0%
Investment Income	$9	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$16,920	3.9%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$13,449	3.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$111,969	28.0%

Assets/Debt
Total Assets	$1,417,546
Total Liabilities	$705,517
Net Assets	$712,029

Club or Co-Op Income
Initiation Fees & Contributions	$0
Income From Public Use of Club Facilities	$0

Compensation

Key Employees and Officers	Compensation	Related	Other
Sam Bender (Director)	$0	$0	$0
Adam Pettyman (Director)	$0	$0	$0
Shannon Hicks (Director)	$0	$0	$0
Tom Roop (Director)	$0	$0	$0
Darric Newman (Director)	$0	$0	$0
Mike Mulcahy (Director)	$0	$0	$0
Scot Zimmerman (Treasurer)	$0	$0	$0
Louis Rodriguez (Secretary)	$0	$0	$0
Verne Powell (Chairman)	$0	$0	$0
Petra Keuhnis (Vice President)	$0	$0	$0
Mark Clark (President)	$0	$0	$0
Bill Babel (Chairman)	$0	$0	$0

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990

Filed on Nov. 15, 2022

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Fiscal Year Ending Dec.
2020

Revenue

$287,815

Expenses

$294,909

Net Income

-$7,094

Net Assets

$678,400

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$269,354	93.6%
Investment Income	$8	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$12,912	4.5%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$5,541	1.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$83,138	28.2%

Assets/Debt
Total Assets	$1,447,434
Total Liabilities	$769,034
Net Assets	$678,400

Club or Co-Op Income
Initiation Fees & Contributions	$0
Income From Public Use of Club Facilities	$54,000

Compensation

Key Employees and Officers	Compensation	Related	Other
Petra Keuhnis (Director)	$0	$0	$0
Tom Roop (Director)	$0	$0	$0
Rich Core (Director)	$0	$0	$0
Verne Powell (Director)	$0	$0	$0
Sam Bender (Director)	$0	$0	$0
Danielle Higgins (Director)	$0	$0	$0
Laura Brown (Treasurer)	$0	$0	$0
Kim Lovell Marian (Secretary)	$0	$0	$0
Mark Clark (Rear Commodore)	$0	$0	$0
William Babel (Vice Commodore)	$0	$0	$0
Rob Lovell (Commodore)	$0	$0	$0
Elizabeth Zimmerman (Past Commodore)	$0	$0	$0

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990

Filed on Nov. 10, 2021

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Fiscal Year Ending Dec.
2019

Revenue

$396,073

Expenses

$412,259

Net Income

-$16,186

Net Assets

$685,494

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$415,151	> 100%
Investment Income	$11	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	-$26,900
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$7,811	2.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$99,866	24.2%

Assets/Debt
Total Assets	$1,451,175
Total Liabilities	$765,681
Net Assets	$685,494

Club or Co-Op Income
Initiation Fees & Contributions	$0
Income From Public Use of Club Facilities	$42,750

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2018

Revenue

$374,111

Expenses

$401,698

Net Income

-$27,587

Net Assets

$701,679

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$391,192	> 100%
Investment Income	$16	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	-$38,931
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$21,834	5.8%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$101,961	25.4%

Assets/Debt
Total Assets	$1,476,803
Total Liabilities	$775,124
Net Assets	$701,679

Club or Co-Op Income
Initiation Fees & Contributions	$0
Income From Public Use of Club Facilities	$34,750

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2017

Revenue

$378,207

Expenses

$356,675

Net Income

$21,532

Net Assets

$929,573

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$413,781	> 100%
Investment Income	$14	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	-$52,866
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$17,278	4.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$85,777	24.0%

Assets/Debt
Total Assets	$1,729,201
Total Liabilities	$799,628
Net Assets	$929,573

Club or Co-Op Income
Initiation Fees & Contributions	$0
Income From Public Use of Club Facilities	$35,060

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2016

Revenue

$374,765

Expenses

$372,038

Net Income

$2,727

Net Assets

$917,890

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$425,606	> 100%
Investment Income	$17	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	-$66,405
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$15,547	4.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$83,398	22.4%

Assets/Debt
Total Assets	$1,778,412
Total Liabilities	$860,522
Net Assets	$917,890

Club or Co-Op Income
Initiation Fees & Contributions	$0
Income From Public Use of Club Facilities	$0

Compensation

Key Employees and Officers	Compensation	Related	Other
David Skibowski Jr (Treasurer)	$0	$0	$0
Kim Marian (Secretary)	$0	$0	$0
Rich Core (Director)	$0	$0	$0
Jessica Gerber (Director)	$0	$0	$0
Rob Lovell (Director)	$0	$0	$0
David Guba (Director)	$0	$0	$0
Jed Mooney (Director)	$0	$0	$0
Heather Van Stratt (Director)	$0	$0	$0
C David Phelps (Vice Commodore)	$0	$0	$0
Robert Cornwell (Commodore)	$0	$0	$0
Geoff Harris (Past Commodore)	$0	$0	$0
Robert Clark (Rear Commodore)	$0	$0	$0

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990

Filed on Nov. 15, 2017

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Fiscal Year Ending Dec.
2015

Revenue

$433,055

Expenses

$425,770

Net Income

$7,285

Net Assets

$915,163

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$200	0.0%
Program Services	$412,064	95.2%
Investment Income	$206	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$20,585	4.8%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$79,647	18.7%

Assets/Debt
Total Assets	$1,791,535
Total Liabilities	$876,372
Net Assets	$915,163

Club or Co-Op Income
Initiation Fees & Contributions	$0
Income From Public Use of Club Facilities	$0

Compensation

Key Employees and Officers	Compensation	Related	Other
David Skibowski Jr (Treasurer)	$0	$0	$0
Kim Marian (Secretary)	$0	$0	$0
C David Phelps (Rear Commodore)	$0	$0	$0
Robert Cornwell (Vice Commodore)	$0	$0	$0
Gregg Deihl (Past Commodore)	$0	$0	$0
Jordan Owen (Commodore)	$0	$0	$0

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990

Filed on Aug. 10, 2016

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Fiscal Year Ending Dec.
2014

Revenue

$393,068

Expenses

$376,049

Net Income

$17,019

Net Assets

$907,878

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$12,561	3.2%
Program Services	$362,152	92.1%
Investment Income	$274	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$18,081	4.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$73,328	19.5%

Assets/Debt
Total Assets	$1,066,205
Total Liabilities	$158,327
Net Assets	$907,878

Club or Co-Op Income
Initiation Fees & Contributions	$0
Income From Public Use of Club Facilities	$0

Compensation

Key Employees and Officers	Compensation	Related	Other
David Skibowski Jr (Treasurer)	$0	$0	$0
Kim Marian (Secretary)	$0	$0	$0
Jim Sorbie (Past Commodore)	$0	$0	$0
Robert Cornwell (Rear Commodore)	$0	$0	$0
Gregg Deihl (Commodore)	$0	$0	$0
Jordan Owen (Vice Comodore)	$0	$0	$0

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990

Filed on Sept. 4, 2015

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Fiscal Year Ending Dec.
2013

Revenue

$337,712

Expenses

$301,301

Net Income

$36,411

Net Assets

$890,859

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,636	0.5%
Program Services	$325,879	96.5%
Investment Income	$238	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$9,959	2.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$69,908	23.2%

Assets/Debt
Total Assets	$1,071,275
Total Liabilities	$180,416
Net Assets	$890,859

Club or Co-Op Income
Initiation Fees & Contributions	$5,086
Income From Public Use of Club Facilities	$3,918

Compensation

Key Employees and Officers	Compensation	Related	Other
David Skibowski Jr (Treasurer)	$0	$0	$0
David Terrell (Secretary)	$0	$0	$0
Jim Sorbie (Commodore)	$0	$0	$0
Jay Kraft (Past Commodore)	$0	$0	$0
Gregg Deihl (Vice Commodore)	$0	$0	$0
Jordan Owen (Rear Comodore)	$0	$0	$0

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990

Filed on Nov. 14, 2014

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Fiscal Year Ending Dec.
2012

Revenue

$332,617

Expenses

$309,389

Net Income

$23,228

Net Assets

$854,448

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$170	0.1%
Program Services	$317,785	95.5%
Investment Income	$229	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$14,433	4.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$68,585	22.2%

Assets/Debt
Total Assets	$1,038,927
Total Liabilities	$184,479
Net Assets	$854,448

Club or Co-Op Income
Initiation Fees & Contributions	$3,500
Income From Public Use of Club Facilities	$0

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$325,101

Expenses

$319,845

Net Income

$5,256

Net Assets

$831,220

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$520	0.2%
Program Services	$308,346	94.8%
Investment Income	$976	0.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$1,360	0.4%
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$13,899	4.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$66,546	20.8%

Assets/Debt
Total Assets	$1,023,681
Total Liabilities	$192,461
Net Assets	$831,220

Club or Co-Op Income
Initiation Fees & Contributions	$0
Income From Public Use of Club Facilities	$0

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Grand Traverse Yacht Club

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $600k (2023)

Expenses $541k (2023)

Total Assets $1.41M (2023)

Total Liabilities $637k (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2011

Extracted Financial Data

Extracted Financial Data from Form 990

Revenue

$600k (2023)

Expenses

$541k (2023)

Total Assets

$1.41M (2023)

Total Liabilities

$637k (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004