Bucks Harbor Yacht Club is located in Blue Hill, ME. The organization was established in 1955. 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, Bucks Harbor Yacht Club employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bucks Harbor 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, Bucks Harbor Yacht Club generated $358.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $236.5k during the year ending 12/2021. While expenses have increased by 3.0% 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
MEMBER SERVICES AND EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
JUNIOR SAILING PROGRAM PROVIDED INSTRUCTION IN BASIC SAILING, WATERFRONT SAFETY AND SAILBOAT RACING TO ABOUT 99 CHILDREN OF MEMBER FAMILIES
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Ashley Oleyer Vice Commodore | OfficerTrustee | 1 | $0 |
George Eaton Rear Commodore | OfficerTrustee | 1 | $0 |
Peter Bartholow Treasurer | OfficerTrustee | 3 | $0 |
Marilyn Heineman Secretary | OfficerTrustee | 3 | $0 |
John Murphy Rear Commodore | OfficerTrustee | 1 | $0 |
Peter Morris Commodore | OfficerTrustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $179,355 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $103,850 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $283,205 |
Total Program Service Revenue | $74,291 |
Investment income | $41 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $1,000 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $358,537 |
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 | $37,653 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $5,256 |
Fees for services: Management | $0 |
Fees for services: Legal | $2,195 |
Fees for services: Accounting | $7,817 |
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 | $3,627 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $93,518 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $16,395 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $19,958 |
Insurance | $22,165 |
All other expenses | $0 |
Total functional expenses | $236,465 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $356,384 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $31,888 |
Net Land, buildings, and equipment | $1,176,432 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $1,564,704 |
Accounts payable and accrued expenses | $6,040 |
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 | $400,454 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $406,494 |
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 | $1,158,210 |
Total liabilities and net assets/fund balances | $1,564,704 |
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 |
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