Harraseeket Yacht Club

Organization Overview

Harraseeket Yacht Club is located in South Freeport, ME. The organization was established in 1991. 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, Harraseeket Yacht Club employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harraseeket 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, Harraseeket Yacht Club generated $195.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $188.5k during the year ending 12/2021. While expenses have increased by 4.5% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO ENCOURAGE AND PROMOTE THE SPORT OF BOATING & THE SCIENCE OF SEAMANSHIP AND NAVIGATION, PARTICULARLY THROUGH PROGRAMS OF INSTRUCTION FOR YOUNG PEOPLE AND TO DO ALL THINGS NECESSARY OR INCIDENTAL THROUGH VOLUNTEERISM TO THE ACCOMPLISHMENT AND FULFILLMENT OF SAID PURPOSES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SAILING PROGRAM: SUMMER SAILING INSTRUCTION FOR CHILDREN HISTORICALLY AVERAGING 50-75 PARTICIPANTS IN TWO(2) SESSIONS WITH SIX (6) INSTRUCTORS.


YACHT CLUB MEMBERSHIP: TO ENCOURAGE AND PROMOTE THE SPORT OF BOATING & THE SCIENCE OF SEAMANSHIP AND NAVIGATION PARTICULARLY FOR INSTRUCTION TO THE YOUTH OF THIS AREA AND TO DO ALL THINGS NECESSARY OR INCIDENTAL THROUGH VOLUNTEERISM TO THE ACCOMPLISHMENT AND FULFILLMENT OF SAID PURPOSES.


RACE COMMITTEE: OVERSEES RACING EVENTS


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Board, Officers & Key Employees

Name (title)Compensation
Macgregor Pierce
Vice Commodore
$0
Adam White
Past Commodore
$0
Ross Taliaferro
Secretary
$0
Stuart Macdonald
Commodore
$0
John Grillo
Treasurer
$0
Guy Ordway
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$4,990
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$4,990
Total Program Service Revenue$190,149
Investment income $29
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $600
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $195,768

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