SEA ISLAND YACHT CLUB

EIN: 570722009 Recreation & Sports

WADMALAW ISLAND, SC

Total Revenue
$353,304
Total Expenses
$343,021
Total Assets
$2,997,277
Net Assets
$2,997,277
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
SC
Principal Officer
GINNI QUISENBERRY
Phone
8433009464
Tax Period
2025-01-01 to 2025-12-31

SEA ISLAND YACHT CLUB, founded in 2003, is a small nonprofit in the Recreation & Sports sector that reported $353K in total revenue in fiscal year 2025. Net assets of $3.0M represent 102 months of operating reserves.

Mission

THE PURPOSE OF THE CLUB SHALL BE TO BRING THE PEOPLE OF WADMALAW ISLAND, JOHNS ISLAND, CHARLESTON, AND ALL OTHER AREAS TOGETHER FOR THE SPORT AND FESTIVITIES CONNECTED WITH AMATEUR YACHT RACING AND FOR OTHER SOCIAL, BENEVOLENT, AND RECREATIONAL PURPOSES AND FOR OTHER ENTERTAINMENT AS MAY BE DERIVED FROM THE USE OF THE LAND, WHARF, AND BUILDING OF THE SEA ISLAND YACHT CLUB LOCATED AT ROCKVILLE. FOR MANY YEARS NOW, THIS CLUB HAS SPONSORED EVENTS FOR ITS MEMBERS TO INCLUDE: MOTHER' DAY DINNER, FATHER'S DAY FISH FRY DINNER, OYSTER ROAST, THE ANNUAL SEA ISLAND SUMMER REGATTA IN THE FIRST WEEKEND OF AUGUST EACH YEAR. FURTHER, IT HAS DINNERS AND DANCES FOR ITS MEMBERS.

Program Service Accomplishments

Program 1
Expenses: $180,162

THE SEA ISLAND YACHT CLUB SPONSORS A FISH FRY, SPRING REGATTA, WORLDS (SIOD REGATTA), BINGO, CHRISTMAS PARTY,FISHING TOURNAMENT, OYSTER ROAST AND ROCKVILLE OPEN REGATTA - ALL SOCIAL EVENTS DIRECTLY...

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THE SEA ISLAND YACHT CLUB SPONSORS A FISH FRY, SPRING REGATTA, WORLDS (SIOD REGATTA), BINGO, CHRISTMAS PARTY,FISHING TOURNAMENT, OYSTER ROAST AND ROCKVILLE OPEN REGATTA - ALL SOCIAL EVENTS DIRECTLY RELATED TO THE CLUB'S PRIMARY PURPOSE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $154,833
Program Service Revenue $161,102
Investment Income $12,619
Other Revenue $24,750
TOTAL REVENUE $353,304

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $304,067
Other Expenses $343,021
TOTAL EXPENSES $343,021

Year-over-Year Comparison

2025 2024 Change
Revenue $353,304 $335,027 +0.1%
Expenses $343,021 $328,015 +0.0%
Net Income $10,283 $7,012 +0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
13
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GINNI QUISENBERRY COMMODORE 3.00
Officer Director
$0 $0 $0
FREDERICK J SCHAFFER VICE COMMODO 2.00
Officer Director
$0 $0 $0
ELIZABETH BERNAT TREASURER 3.00
Officer Director
$0 $0 $0
CHARLES E JENKINS SECRETARY 1.00
Officer Director
$0 $0 $0
C MURRY THOMPSON JR IMMED PAST C 1.00
Officer Director
$0 $0 $0
MANDY REID BOARD MEMBER 1.00
Director
$0 $0 $0
LAUREN MILLEMAN BOARD MEMBER 1.00
Director
$0 $0 $0
TRAP PUCKETTE BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES FITZGERALD BOARD MEMBER 1.00
Director
$0 $0 $0
APRIL BRUMFIELD BOARD MEMBER 1.00
Director
$0 $0 $0
THOMAS SALTER BOARD MEMBER 1.00
Director
$0 $0 $0
SCOTT STELLING BOARD MEMBER 1.00
Director
$0 $0 $0
MORGAN WARFORD BOARD MEMBER 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $353,304 $343,021 $2,997,277 $10,283
2024 No data No data No data No data
2023 $330,066 $338,779 $2,979,982 $-8,713
2022 $300,971 $271,561 $2,988,695 $29,410
2021 $237,900 $218,818 $2,959,285 $19,082
2020 $171,285 $150,592 $2,940,202 $20,693
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