Fairhope Yacht Club

Fairhope, AL
Tax-exempt since Oct. 1986
EIN: 63-0249756

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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

$2.25M (2023)

Expenses

$2.27M (2023)

Total Assets

$6.77M (2023)

Total Liabilities

$5.05M (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

$2,246,405

Expenses

$2,273,960

Net Income

-$27,555

Net Assets

$1,719,670

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$972,479	43.3%
Program Services	$303,040	13.5%
Investment Income	$20,376	0.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$18,535	0.8%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$918,859	40.9%
Other Revenue	$13,116	0.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$287,889	12.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$547,753	24.1%

Assets/Debt
Total Assets	$6,771,798
Total Liabilities	$5,052,128
Net Assets	$1,719,670

Club or Co-Op Income
Initiation Fees & Contributions	$134,500
Income From Public Use of Club Facilities	$18,535

Compensation

Key Employees and Officers	Compensation	Related	Other
David Willits (General Manager)	$90,000	$0	$0
Pat Colvin (Office Manager)	$55,689	$0	$0
Dan Herzog (Board Chairman)	$0	$0	$0
Cathy Cromartie (Board Member)	$0	$0	$0
Scott Hartweel (Board Member)	$0	$0	$0
Ellis Ollinger (Board Member)	$0	$0	$0
Monty Montgomery (Board Member)	$0	$0	$0
Bob Knapp (Board Member)	$0	$0	$0
John Cocke (Board Member)	$0	$0	$0
Philip Durant (Commodore)	$0	$0	$0

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990

Filed on Aug. 2, 2024

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

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Fiscal Year Ending Dec.
2022

Revenue

$2,071,276

Expenses

$1,970,717

Net Income

$100,559

Net Assets

$1,747,225

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,093,818	52.8%
Program Services	$295,440	14.3%
Investment Income	$198	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$5,605	0.3%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$669,492	32.3%
Other Revenue	$6,723	0.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$238,197	12.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$400,198	20.3%

Assets/Debt
Total Assets	$6,893,527
Total Liabilities	$5,146,302
Net Assets	$1,747,225

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
Alexander Barett (Chef Rest Bar Mgr)	$56,185	$0	$0
Pat Colvin (Office Manager)	$53,637	$0	$0
Kevin Brooks (Chef Rest Bar Mag)	$22,500	$0	$0
Carl Wagener (Board Member)	$0	$0	$0
Don Faircloth (Board Member)	$0	$0	$0
Dan Beasley (Board Member)	$0	$0	$0
Steve Savarese (Board Member)	$0	$0	$0
Dan Herzog (Board Chairman)	$0	$0	$0
Ellis Ollinger (Board Member)	$0	$0	$0
Bob Knapp (Board Member)	$0	$0	$0
Scott Hartwell (Commodore)	$0	$0	$0

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990

Filed on May 31, 2023

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

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Fiscal Year Ending Dec.
2021

Revenue

$1,926,688

Expenses

$1,800,932

Net Income

$125,756

Net Assets

$1,646,666

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,000,572	51.9%
Program Services	$312,590	16.2%
Investment Income	$62	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$4,333	0.2%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$603,422	31.3%
Other Revenue	$5,709	0.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$192,341	10.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$375,119	20.8%

Assets/Debt
Total Assets	$6,876,311
Total Liabilities	$5,229,645
Net Assets	$1,646,666

Club or Co-Op Income
Initiation Fees & Contributions	$46,900
Income From Public Use of Club Facilities	$4,333

Compensation

Key Employees and Officers	Compensation	Related	Other
Pat Colvin (Office Manager)	$50,457	$0	$0
Kevin Brooks (Bar & Rest Mgr/Chef)	$41,200	$0	$0
Matthew Brown (Bar & Rest Mgr/Chef)	$28,721	$0	$0
John Adams (Board Member)	$0	$0	$0
Elizabeth Mc Griff (Board Member)	$0	$0	$0
Jeff Valentine (Board Member)	$0	$0	$0
Carl Weckmen (Board Member)	$0	$0	$0
Don Faircloth (Board Member)	$0	$0	$0
Dan Beasley (Board Member)	$0	$0	$0
Steve Savarese (Board Member)	$0	$0	$0
Scott Hartwell (Board Member)	$0	$0	$0

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990

Filed on Nov. 14, 2022

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

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Fiscal Year Ending Dec.
2020

Revenue

$1,546,795

Expenses

$1,696,038

Net Income

-$149,243

Net Assets

$1,525,718

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$802,901	51.9%
Program Services	$228,560	14.8%
Investment Income	$357	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$514,127	33.2%
Other Revenue	$850	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$227,001	13.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$289,059	17.0%

Assets/Debt
Total Assets	$6,817,529
Total Liabilities	$5,291,811
Net Assets	$1,525,718

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
Matthew Brown (Restaurant Lounge Mgr)	$77,653	$0	$0
Patricia Colvin (Office Manager)	$50,486	$0	$0
Chris Dabney (Commodore)	$0	$0	$0
Kevin Northrop (Board Chairman)	$0	$0	$0
Randy Fitzwainwright (Board Member)	$0	$0	$0
Mignon Bishop (Board Member)	$0	$0	$0
John Clarkson (Board Member)	$0	$0	$0
John Adams (Board Member)	$0	$0	$0
Elizabeth Mcgriff (Board Member)	$0	$0	$0
Jeff Valentine (Board Member)	$0	$0	$0

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990

Filed on Nov. 24, 2021

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

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XML

Fiscal Year Ending Dec.
2019

Revenue

$1,605,776

Expenses

$1,731,748

Net Income

-$125,972

Net Assets

$1,659,709

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$797,238	49.6%
Program Services	$230,713	14.4%
Investment Income	$431	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$572,020	35.6%
Other Revenue	$5,374	0.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$208,109	12.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$322,173	18.6%

Assets/Debt
Total Assets	$6,498,490
Total Liabilities	$4,838,781
Net Assets	$1,659,709

Club or Co-Op Income
Initiation Fees & Contributions	$36,300
Income From Public Use of Club Facilities	$7,220

990

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

PDF

Fiscal Year Ending Dec.
2018

Revenue

$1,520,075

Expenses

$1,704,269

Net Income

-$184,194

Net Assets

$1,785,618

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$654,468	43.1%
Program Services	$229,487	15.1%
Investment Income	$574	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$620,721	40.8%
Other Revenue	$14,825	1.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$216,062	12.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$289,158	17.0%

Assets/Debt
Total Assets	$6,358,316
Total Liabilities	$4,572,698
Net Assets	$1,785,618

Club or Co-Op Income
Initiation Fees & Contributions	$48,200
Income From Public Use of Club Facilities	$9,966

990

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

PDF

Fiscal Year Ending Dec.
2017

Revenue

$1,441,453

Expenses

$1,608,391

Net Income

-$166,938

Net Assets

$1,961,139

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$628,527	43.6%
Program Services	$210,037	14.6%
Investment Income	$522	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$599,599	41.6%
Other Revenue	$2,768	0.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$204,120	12.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$283,649	17.6%

Assets/Debt
Total Assets	$6,257,893
Total Liabilities	$4,296,754
Net Assets	$1,961,139

Club or Co-Op Income
Initiation Fees & Contributions	$0
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.
2016

Revenue

$1,429,879

Expenses

$1,560,682

Net Income

-$130,803

Net Assets

$2,128,077

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$584,207	40.9%
Program Services	$181,717	12.7%
Investment Income	$811	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$660,122	46.2%
Other Revenue	$3,022	0.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$110,041	7.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$359,763	23.1%

Assets/Debt
Total Assets	$6,489,317
Total Liabilities	$4,361,240
Net Assets	$2,128,077

Club or Co-Op Income
Initiation Fees & Contributions	$0
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.
2015

Revenue

$1,326,660

Expenses

$1,459,473

Net Income

-$132,813

Net Assets

$2,258,880

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$501,092	37.8%
Program Services	$172,866	13.0%
Investment Income	$1,187	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$615,658	46.4%
Other Revenue	$35,857	2.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$279,030	19.1%

Assets/Debt
Total Assets	$6,575,359
Total Liabilities	$4,316,479
Net Assets	$2,258,880

Club or Co-Op Income
Initiation Fees & Contributions	$34,046
Income From Public Use of Club Facilities	$182,600

990

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

PDF

PDF (2 of 4) PDF (3 of 4) PDF (4 of 4)

Fiscal Year Ending Dec.
2014

Revenue

$1,348,262

Expenses

$1,323,082

Net Income

$25,180

Net Assets

$2,391,693

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$596,260	44.2%
Program Services	$177,743	13.2%
Investment Income	$1,763	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$569,611	42.2%
Other Revenue	$2,885	0.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$107,605	8.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$6,682,766
Total Liabilities	$4,291,073
Net Assets	$2,391,693

Club or Co-Op Income
Initiation Fees & Contributions	$31,300
Income From Public Use of Club Facilities	$180,575

990

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

PDF

Fiscal Year Ending Dec.
2013

Revenue

$1,229,698

Expenses

$1,278,798

Net Income

-$49,100

Net Assets

$2,366,413

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$474,698	38.6%
Program Services	$185,796	15.1%
Investment Income	$1,660	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$564,890	45.9%
Other Revenue	$2,654	0.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$104,861	8.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$230,299	18.0%

Assets/Debt
Total Assets	$6,716,806
Total Liabilities	$4,350,393
Net Assets	$2,366,413

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

990

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

PDF

PDF (2 of 2)

Fiscal Year Ending Dec.
2012

Revenue

$456,890

Expenses

$1,261,765

Net Income

-$804,875

Net Assets

$2,416,188

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$493,133	> 100%
Program Services	$192,047	42.0%
Investment Income	$1,360	0.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	-$229,650
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$142,175	11.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$188,949	15.0%

Assets/Debt
Total Assets	$6,721,870
Total Liabilities	$4,305,682
Net Assets	$2,416,188

Club or Co-Op Income
Initiation Fees & Contributions	$32,100
Income From Public Use of Club Facilities	$130,546

990

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$1,140,592

Expenses

$1,249,120

Net Income

-$108,528

Net Assets

$2,497,605

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$488,191	42.8%
Program Services	$161,970	14.2%
Investment Income	$973	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$484,884	42.5%
Other Revenue	$4,574	0.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$138,373	11.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$207,482	16.6%

Assets/Debt
Total Assets	$7,038,816
Total Liabilities	$4,541,211
Net Assets	$2,497,605

Club or Co-Op Income
Initiation Fees & Contributions	$13,400
Income From Public Use of Club Facilities	$79,027

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Updated December 20, 2024

Fairhope Yacht Club

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $2.25M (2023)

Expenses $2.27M (2023)

Total Assets $6.77M (2023)

Total Liabilities $5.05M (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

Document Links

990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

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

No Document Links

Fiscal Year Ending Dec. 2010

No Extracted Financial Data

Document Links

Revenue

$2.25M (2023)

Expenses

$2.27M (2023)

Total Assets

$6.77M (2023)

Total Liabilities

$5.05M (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