Public Charity

WAIKIKI YACHT CLUB

WAIKIKI YACHT CLUB is a Public Charity headquartered in HONOLULU, HI. Financial data from the 2024 filing: $4.2M revenue, $4.3M expenses, $2.8M total assets.

EIN: 990063872 HONOLULU, HI Latest filing: 2024
Total Revenue$4.2M
Total Expenses$4.3M
Total Assets$2.8M
Grant Records0
Filing Years2019–2024

Mission

THIS CLUB IS ORGANIZED AND SHALL OPERATE TO PROVIDE FOR THE PLEASURE, RECREATION AND OTHER NONPROFITABLE PURPOSES OF ITS MEMBERS, AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(7) OF THE INTERNAL REVENUE CODE. CONSISTENT WITH ITS STATUS AS A SECTION 501(C)(7) TAX EXEMPT ENTITY, THE PRIMARY PURPOSE FOR WHICH THIS CLUB IS ORGANIZED AND ITS PRIMARY MISSION IS TO PROVIDE A MEDIUM THROUGH WHICH ITS MEMBERS MAY PARTICIPATE IN THE SPORT OF YACHTING AND TO PROMOTE AND FOSTER INTEREST IN THE KNOWLEDGE OF YACHTING, BOATING, NAVIGATION, AND OTHER MARITIME ACTIVITIES, AND TO COOPERATE WITH FEDERAL, STATE, AND MUNICIPAL OFFICIALS IN THE PROTECTION OF LIFE AND PROPERTY ON THE HIGH SEAS AND WITHIN THE WATERS OF THE STATE OF HAWAII. CORINTHIANISM SHALL DOMINATE ALL ACTIVITIES OF THE CLUB. SUBJECT TO THE CLUB'S PRIMARY PURPOSE AND MISSION, THE CLUB MAY OFFER SUCH SOCIAL AND RECREATIONAL ACTIVITIES TO ITS MEMBERS AS ARE CONSISTENT WITH ITS NONPROFIT, TAX EXEMPT STATUS.

Where $100 goes at Waikiki Yacht Club

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

$100 Programs the work itself
<$1 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 $100 for programs

$83
The club operates a full service restaurant for its members and their guests
83% of program spending
$14
The club maintains dock and mooring facilities for its members and visiting yachtsmen
14% of program spending
$3
The club operates a boutique which sells clothing and other logo merchandise to its members and their guests
3% 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

DIRECTOR Bobby Frazier
TREASURER Christine Clothier
SECRETARY Christine Denton
REAR COMMODO Derek Clarke
REAR COMMODO Gary Evoniuk
COMMODORE Ian Scott

Officer compensation and complete director data available with membership.

Financial Trends

Year Revenue Expenses Assets
2024 $4.2M $4.3M $2.8M
2023 $4.0M $4.2M $2.8M
2022 $3.6M $3.6M $2.9M
2020 $2.6M $2.7M $2.4M
2019 $3.5M $3.2M $2.5M

Between 2019 and 2024, reported annual revenue grew from $3.5M to $4.2M (+17%), with total assets most recently reported at $2.8M.

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

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