EIN: 74-0696260 · SHOREACRES, TX · Data spans: TY2020–TY2024
Most recent filing: Tax Year 2024.
A more recent filing may not yet be published.
Sailing's public record, made legible. All numbers come directly from this organization's own sworn 990 filing. Patterns are computed from years of filings — not assessments or judgments.
Read trends in context: compare like with like, note the filing year, and treat major disruptions (like 2020–2021) as discontinuities rather than a continuous baseline.
Missing or N/A does not always mean absent. It can mean the item was not disclosed on that form, not collected on that filing type, or not available for that year.
$3,489,269
$3,609,120
$3,308,640
$793,504
94 W-2 employees reported (Form W-3, most recent filing — contractors and volunteers excluded) · TY2024 · 990
Total compensation, benefits & payroll taxes (Part IX)
TY2024$1,244,644
Full cost to employ everyone — wages + employer benefits + payroll taxes. Not officer pay alone.
~$13,000 per employee ⓘ — average across 94 W-2 employees; includes benefits & payroll taxes; part-time and seasonal staff counted at full weight.
Named officers/key employees (Part VII‑A) show reportable compensation only and are already included in the Part IX total above. They are not additive.
Named staff org comp sums to $501,045. The remaining $743,599 is unlisted staff labor cost — includes benefits & payroll taxes for all employees, not any one person's salary.
Professional & consulting fees (Part IX, line 11)
TY2024$71,188
Payments to outside firms and independent contractors — not included in the Part IX labor total above. Combined with the labor total, full people cost is $1,315,832.
Functional Expense Allocation (Part IX)
TY2024$3,609,120total functional expenses
0.0%
Program services
$0
0.0%
Management & general
$0
0.0%
Fundraising
$0
Source: Form 990, Part IX, line 25. A higher program-service percentage generally indicates more mission-directed spending.
Historical Trends
Revenue vs. Expenses
Net Revenue / Operating Margin
Net Assets
Revenue Trend
| Tax Year | Period | Form | Revenue | Expenses | Net Revenue | Net Assets |
|---|---|---|---|---|---|---|
| TY2020 | 2020–2021 | 990 | $2,531,279 | $2,758,297 | -$227,018 | $1,728,607 |
| TY2021 | 2020–2021 | 990 | $2,766,177 | $3,238,436 | -$472,259 | $1,122,588 |
| TY2022 | 2022+ | 990 | $3,717,655 | $3,579,129 | $138,526 | $1,261,114 |
| TY2023 | 2022+ | 990 | $3,173,299 | $3,521,058 | -$347,759 | $913,355 |
| TY2024 | 2022+ | 990 | $3,489,269 | $3,609,120 | -$119,851 | $793,504 |
Revenue trend is a filing-history view. It helps you compare operating periods, not infer the club's live condition today.
Revenue Breakdown (Part VIII — most recent year)
Form 990, Part VIII — Statement of Revenue. Includes, but is not limited to: Line 1 = contributions and grants (including member dues reported as contributions). Lines 2a–2f = program service revenue (activities that directly further the organization's exempt purpose). Line 3 = investment income. The specific mix varies by organization type. Source: the organization's own sworn filing.
| Line | Description | Amount |
|---|---|---|
| 12 | Total revenue | $3,489,269 |
| 1b | Membership dues | $1,452,660 |
| 1f | All other contributions, gifts, grants | $273,260 |
| 1h | Total contributions and grants | $1,725,920 |
| 2a | DINING ROOM AND BAR | $698,557 |
| 2b | HARBOR RENTAL AND FEES | $625,140 |
| 2c | YOUTH ACTIVITIES | $190,950 |
| 2d | GUEST ROOM FEES | $42,920 |
| 2f | Total program service revenue | $1,557,567 |
| 3 | Investment income | $29,865 |
Most revenue is reported in a single category this year. That can be normal for some org types; see the source filing for detail.
Balance Sheet (Part X)
TY2024| Line | Description | BOY | EOY |
|---|---|---|---|
| 16 | Total assets | $3,586,038 | $3,308,640 |
| 26 | Total liabilities | $2,672,683 | $2,515,136 |
| 33 | Total net assets or fund balances | $913,355 | $793,504 |
Source: Form 990, Part X, Balance Sheet.
Officers & Key Staff (Part VII)
How to read this section
This is not a full staff directory. It is the subset of people the organization had to disclose in Form 990, Part VII (the officer, director, trustee, key employee, and highest-compensated employee section of the filing). Why this matters: a missing name does not mean a person was not employed or involved.
Total Volunteer Board Hours/Week (Selected Year): 105
Hours per week are self-reported by each officer on Form 990, Part VII. They are not verified.
Officers and directors as reported on Form 990, Part VII. These are typically unpaid, elected positions. If an officer receives compensation, it will appear in the Paid Staff tab.
Operationally, this section is most useful for understanding disclosed leadership structure, compensation visibility, and board labor — not for reconstructing the full staffing model of a club.
| Name | Title | Hours/Week | Status |
|---|---|---|---|
| SARAH HAMPTON | TRUSTEE | 5 | Volunteer |
| TIM JOHNSON | TRUSTEE | 5 | Volunteer |
| MEGAN LARSON | TRUSTEE | 5 | Volunteer |
| MADONNA BREEN | VICE COMMODORE | 15 | Volunteer |
| JULIANE GRAHAM | TREASURER | 5 | Volunteer |
| GREG WAY | FLEET CAPTAIN | 5 | Volunteer |
| TRACI MCCREADY | TRUSTEE | 5 | Volunteer |
| MARILYN EILAND | MEASURER | 5 | Volunteer |
| MURPHY GRAHAM | TRUSTEE | 5 | Volunteer |
| DENISE ROBINSON | SECRETARY | 5 | Volunteer |
| JOHN CUTLER | TRUSTEE | 5 | Volunteer |
| NICK MOORE | TRUSTEE | 5 | Volunteer |
| TREY PERDUE | TRUSTEE | 5 | Volunteer |
| CHARLES GRIFFEY | COMMODORE | 15 | Volunteer |
| JACK CRONAN | REAR COMMODORE | 15 | Volunteer |
Programs (Part III — most recent year)
Form 990, Part III — Statement of Program Service Accomplishments. These are the activities that directly further the organization's exempt purpose. Expenses, grants, and revenue are as reported in the organization's own sworn filing.
THE CLUB OFFERS AFTER-SCHOOL AND SUMMER PROGRAMS FOR YOUTH EDUCATION. THE YOUTH PROGRAM PROVIDES EDUCATIONAL PROGRAMS TO OVER 200 YOUTH ON BOATING SAFETY AND RACING, LEADERSHIP, AND SUPPORTS THE YOUTH IN REGIONAL AND NATIONAL SAILING AND RACING COMPETITIONS. THE CLUB HOSTED NUMEROUS YOUTH REGATTAS, INCLUDING TEXAS YOUTH RACE WEEK, VARIOUS SPECIALTY CLINICS AND TSA EVENTS, AND FALL AND SPRING AFTER…
THE CLUB SPONSORS SAILBOAT RACES AND TRAINING THROUGHOUT THE YEAR FOR ITS MEMBERS, INCLUDING SPECIALTY CLINICS, TEXAS SAILING ASSOCIATION (TSA) YOUTH EVENTS, AND BOTH FALL, WINTER, AND SPRING AFTER-SCHOOL PROGRAMS. ONSHORE ACTIVITIES INCLUDE EDUCATIONAL PROGRAMS, LEADERSHIP TRAINING, SOCIAL PROGRAMS, AND THE COLOR GUARD CHANGE OF WATCH CEREMONY. HYC YOUTH AND ADULTS REGULARLY PARTICIPATE IN NORTH …
Governance & Transparency Signals
The IRS Form 990 is a sworn disclosure document — not just a tax return. Beyond financials, it captures governance policies, compensation practices, and relationships between insiders and the organization. Every category below comes directly from that filing. When a field is blank, it is often because this form type doesn’t require it, or the org doesn’t meet the threshold that triggers disclosure. That context is itself worth knowing.
Conflict of Interest Policy
Form 990, Part VI — Line 12a
Governance data not available for this organization’s most recent filing year. This can occur for newly filed returns not yet in the corpus, or for organizations whose XML filing did not include Part VI.
Whistleblower Protection Policy
Form 990, Part VI — Line 13
Governance data not available for this organization’s most recent filing year.
Officer & Key Employee Compensation (Part VII)
Form 990, Part VII — Named individuals with reportable compensation
Part VII requires individual disclosure of all officers, directors, trustees, key employees, and the five highest-compensated employees earning above the reporting threshold. The individuals listed here are from the most recent available filing.
| Name | Title | Comp from Org |
|---|---|---|
| ERNEST BRAUNER | GENERAL MANAGER | $119,247 |
| Ernest Brauner | General Manager | $118,881 |
| ERNEST BRAUNER | GENERAL MANAGER | $116,836 |
| Ernest Brauner | General Manager (from Feb 2021) | $101,081 |
| J Lee Stall | Interim G.M. (to Feb 2021) | $45,000 |
Compensation shown is reportable compensation from this organization only, as disclosed in Part VII. The $150,000 threshold is significant context: most volunteer-run sailing clubs report $0 for all officers. When professional staff — a General Manager, Executive Director, or Harbor Master — earns above that level, it signals an org operating more like a business than a volunteer collective. That’s not inherently good or bad: a $12M club with 45 full-time employees may well need a $200K GM. But a $400K club paying its Commodore $180K warrants scrutiny.
Independent Compensation Consultant
Schedule J, Part I — Organizations filing when comp exceeds $150K
Schedule J not required for this organization.
Schedule J is only filed when at least one individual in Part VII received more than $150,000 in total compensation. This organization doesn’t meet that threshold, so this schedule is not required. Among the 35.7% of organizations in this corpus that do file Schedule J, 35.7% used an independent compensation consultant. When Schedule J IS required, this question asks whether the board hired an outside firm — unconnected to the organization — to benchmark executive pay against market rates. It reduces the risk that a board approves whatever the ED requests rather than what comparable organizations actually pay.
Equity-Based Compensation
Schedule J, Part II — Per-person compensation detail
Schedule J not required for this organization.
Related-Party Transactions (Schedule L)
Schedule L — Transactions with Interested Persons (officers, directors, their families, controlled entities)
Schedule L requires disclosure of loans, grants, and business transactions between the organization and its own insiders — board members, officers, key employees, and their family members or entities they control. Nonprofits are not prohibited from transacting with insiders, but they must disclose it, follow fair-market-value standards, and document that the transaction benefited the organization, not just the insider. These disclosures exist because self-dealing is the most direct way nonprofit assets can flow to those in control.
8 transactions found across all available filing years. Sorted largest to most recent.
| Person / Entity | Relationship | Type | Amount | Year |
|---|---|---|---|---|
| CHARLES GRIFFEY | OFFICER | loan | $5,846 | 2024 |
| CHARLES GRIFFEY | OFFICER | loan | $8,903 | 2023 |
| Charles Griffey | Trustee | loan | $11,358 | 2022 |
| Robert Williams | Fmr Dir | loan | $11,975 | 2021 |
| Charles Griffey | Trustee | loan | $11,975 | 2021 |
| Robert Williams | Former Dir | loan | $12,237 | 2020 |
| Charles Griffey | Trustee | loan | $12,237 | 2020 |
| By Baldridge | Former Dir | loan | $12,237 | 2020 |
📋 Context note. Where available, transactional context may be supplemented by audited financial statements or other independent disclosures that are not derived from 990 XML data alone. When an independent audit confirms the terms, repayment schedule, and arm's-length pricing of a related-party loan, the transaction carries a materially different risk profile than the 990 alone would suggest.
Schedule O — Supplemental Information (most recent year)
Organizations use Schedule O to provide additional explanation for answers given on the main 990 form. These are direct excerpts from the filed document.
FORM 990, PART IX, LINE 24E
SECURITY 133,491. TAXES 59,493. MEALS AND ENTERTAINMENT 55,970. HOUSEKEEPING 52,384. LOSS ON INVOLUNTARY CONVERSION 51,638. RENTAL 49,250. SUPPLIES 48,975. YOUTH CAMP, LESSONS AND REGATTAS 26,267. POSTAGE AND SHIPPING 10,050.
FORM 990, PART VI, SECTION B, LINE 15A
ON AN ANNUAL BASIS, THE COMPENSATION AND BENEFITS COMMITTEE ASSISTS AND ADVISES THE BOARD ON SALARIES, WAGES, AND BENEFITS OF THE CLUB'S GENERAL MANAGER, RECOMMENDING REVISIONS AS MAY BE APPROPRIATE.
FORM 990, PART VI, SECTION C, LINE 19
UPON REQUEST
FORM 990, PART IX, LINE 11G
PROFESSIONAL FEES 47,381.
FORM 990, PART VI, SECTION A, LINE 6
HOUSTON YACHT CLUB HAS TWELVE CLASSES OF MEMBERS, AND ONLY SENIOR MEMBERS HAVE VOTING PRIVILEGES.
Mission
TO PROVIDE EDUCATION FOR MEMBER FAMILIES IN YACHTING, WATER SAFETY, AND RACING COMPETITIONS.
As stated in the organization's 990 filing.
IRS Source Filings
Source filings are IRS e-file records in XML (Extensible Markup Language) format — a structured data standard used by the IRS for electronic filing. If you open one of these links, it will look like code. That's not an error — that's what XML looks like. Harbor Commons processes this raw XML and presents the structured, readable view you see above.
Why this matters: the XML is the receipt. Harbor Commons is the reading layer on top of that receipt. If you ever need to verify a number, wording choice, or disclosure, the source filing is where to check.
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📡 Filing Signals (10 total)
Trends and shifts computed from this organization's own public filings across all available years. Signals highlight where numbers changed — not whether those changes are good or bad. Only people with inside knowledge of this organization can interpret what these signals mean.
Signals describe filing history, not the club's live operating state. The newest filing may still lag current reality by many months.
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