Arundel Yacht Club
- Assets
- $545.1k
- Revenue
- $239.7k
- Investments
- $0.0
- Employees
- 8
- Location
- Kennebunkport, ME
- Founding
- 05/1993
- Data as of
- 11/2022
- EIN
- 01-0286963
Organization Overview
Arundel Yacht Club is located in Kennebunkport, ME. The organization was established in 1993. 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 11/2022, Arundel Yacht Club employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arundel 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 11/2022, Arundel Yacht Club generated $239.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $175.8k during the year ending 11/2022. While expenses have increased by 3.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SOCIAL AND RECREATIONAL CLUB
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB PROVIDES A PLACE FOR MEMBERS TO SOCIALIZE AND RECREATE. THE CLUB FOSTERS AN INTEREST IN SAILING AND SAILING-RELATED ACTIVITIES FOR ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Bois Ex-Officio | OfficerTrustee | 2 | $0 |
Anita Carroll Commodore | OfficerTrustee | 4 | $0 |
Anne Hussey Vice Commodo | OfficerTrustee | 4 | $0 |
Durward Parkinson Clerk | OfficerTrustee | 4 | $0 |
Kathy Hussey Secretary | OfficerTrustee | 4 | $0 |
Robert Scribner Treasurer | OfficerTrustee | 4 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $236,998 |
| Investment income | $137 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $88 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $239,659 |
| 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 | $58,817 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,574 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $245 |
| Fees for services: Accounting | $2,875 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $841 |
| Advertising and promotion | $0 |
| Office expenses | $3,561 |
| Information technology | $399 |
| Royalties | $0 |
| Occupancy | $32,790 |
| Travel | $82 |
| 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 | $33,642 |
| Insurance | $15,436 |
| All other expenses | $3,021 |
| Total functional expenses | $175,820 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $118,242 |
| Savings and temporary cash investments | $142,276 |
| 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 | $0 |
| Net Land, buildings, and equipment | $284,562 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $545,080 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $545,080 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $545,080 |
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