Public Charity

Lakewood Yacht Club

Lakewood Yacht Club, of Seabrook, TX, is a Public Charity tracked in Imperigo's IRS 990 database. The 2024 filing shows $7.4M in revenue, $7.7M in expenses, $8.1M in total assets.

EIN: 741224480 Seabrook, TX Latest filing: 2024
Total Revenue$7.4M
Total Expenses$7.7M
Total Assets$8.1M
Grant Records0
Filing Years2019–2024

Mission

LAKEWOOD YACHT CLUB PROVIDES AN EXCLUSIVE YACHTING ENVIRONMENT FOR THE BENEFIT OF ITS MEMBERS. DIVERSE SOCIAL AND RECREATIONAL NEEDS ARE MET WHILE FOSTERING A SENSE OF COMARADERIE. MEMBER PARTICIPATION ENSURES THAT THE CLUB PROVIDES SERVICES AND FACILITIES THAT CATER TO THEIR MUTUAL INTERESTS.

Where $100 goes at Lakewood Yacht Club

How Lakewood Yacht Club divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$87 Programs the work itself
$13 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $87 for programs

$29
Lakewood Yacht Club is located on 38 beautifully landscaped acres with over 300 covered and open boat slips
34% of program spending · Reported in the filing: 38 acres
$29
The bermuda-style clubhouse provides lakewood's 500 plus members with quiet harbor-view dining facilities and excellent cuisine provided by a professionally trained executive chef
33% of program spending · Reported in the filing: 500 members
$29
There is something for everyone at lakewood, beginning with a strong agenda of regattas and cruises organized annually by lakewood's enthusiastic volunteers
33% of program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

FLEET CAPTAIN DIRECTOR David Comeaux
CHEF Dondald Mcdonald
VICE COMMODORE Duane Guidry
DIRECTOR Dwayne Breaux
COMMODORE Dwight Bengtson
DIRECTOR Garrow Wessendorff

Officer compensation and complete director data available with membership.

Financial Trends

Year Revenue Expenses Assets
2024 $7.4M $7.7M $8.1M
2023 $7.2M $7.6M $8.6M
2022 $7.0M $7.2M $9.1M
2020 $5.4M $5.8M $10.0M
2019 $5.9M $6.5M $10.7M

Between 2019 and 2024, reported annual revenue grew from $5.9M to $7.4M (+25%), with total assets most recently reported at $8.1M.

Interactive year-over-year charts and full filing details available with membership.

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