Camden Yacht Club
- Assets
- $567.8k
- Revenue
- $553.3k
- Investments
- $0.0
- Employees
- 19
- Location
- Camden, ME
- Founding
- 10/1967
- Data as of
- 12/2021
- EIN
- 01-0039552
Organization Overview
Camden Yacht Club is located in Camden, ME. The organization was established in 1967. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Camden Yacht Club employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Camden Yacht Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, Camden Yacht Club generated $553.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $573.3k during the year ending 12/2021. While expenses have increased by 2.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PURPOSE OF PROMOTING ALL ASPECTS OF BOATING BY PROVIDING:FACILITIES TO SUPPORT OPERATIONAL NEEDS, PROGRAMS RELATED TO SOCIAL AND EDUCATIONAL ACTIVITIES AFLOAT & ASHORE. AS A MEMBER OF THE WIDER COMMUNITY, CYC, AT ITS DISCRETION MAKES AVAILABLE CERTAIN PROGRAMS FOR THE BENEFIT OF NON-MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Van Alstine Treasurer | OfficerTrustee | $0 | |
Richard Anderson Commodore | OfficerTrustee | $0 | |
Peter Bowen Secretary | OfficerTrustee | $0 | |
Joe Cloutier Director | Trustee | $0 | |
Matt Doudera Director | Trustee | $0 | |
Collen Duggan Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $383,907 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,228 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $403,135 |
| Total Program Service Revenue | $127,208 |
| Investment income | $290 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,198 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$1,715 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $15,820 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $553,335 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $70,993 |
| Pension plan accruals and contributions | $3,145 |
| Other employee benefits | $0 |
| Payroll taxes | $14,518 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $82,328 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $43,717 |
| All other expenses | $62,320 |
| Total functional expenses | $573,269 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,219 |
| Savings and temporary cash investments | $116,260 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,999 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,638 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $421,379 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $260 |
| Other assets | $0 |
| Total assets | $567,755 |
| Accounts payable and accrued expenses | $10,347 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $22,104 |
| Total liabilities | $32,451 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $535,304 |
| Total liabilities and net assets/fund balances | $567,755 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Abenaqui Country Club Inc Rye Beach, NH | $11,569,362 | $5,766,433 |
Concord Country Club Inc Concord, NH | $6,058,459 | $2,790,270 |
Prouts Neck Country Club Scarborough, ME | $3,246,004 | $2,096,508 |
Tarratine Club Of Dark Harbor Islesboro, ME | $2,645,678 | $2,091,747 |
Portland Yacht Club Falmouth Foreside, ME | $1,533,737 | $1,302,327 |
Boothbay Harbor Yacht Club Boothbay Harbor, ME | $2,743,334 | $1,117,959 |
Waterville Country Club Incorporated Oakland, ME | $1,463,179 | $1,286,580 |
Cumberland Club Portland, ME | $1,650,916 | $1,185,645 |
Causeway Club Inc Southwest Harbor, ME | $2,689,618 | $1,380,527 |
L S P Association Gilford, NH | $2,550,176 | $844,392 |
Dublin Lake Club Dublin, NH | $2,497,545 | $929,278 |
Harbor Club Inc Mt Desert, ME | $2,270,487 | $842,935 |