Down East Yacht Club
- Assets
- $75.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Boothbay Harbor, ME
- Founding
- 05/1968
- Data as of
- 08/2022
- EIN
- 01-6027054
Organization Overview
Down East Yacht Club is located in Boothbay Harbor, ME. The organization was established in 1968. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Down East 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 08/2022, Down East Yacht Club generated $78.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $69.4k during the year ending 08/2022. While expenses have increased by 2.4% 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeanne Koenig Commodore | 1 | $0 | |
Aaron Rugh Rear Commodore | 1 | $0 | |
Brent Pope Vice Commodore | 1 | $0 | |
Jack Brennan Treasurer | 1 | $0 | |
Susan Pope Secretary | 1 | $0 | |
John Ryan Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $32,204 |
| Membership dues | $32,858 |
| Investment income | $2,365 |
| Gain or Loss | $11,446 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $78,873 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $9,425 |
| Occupancy, rent, utilities, and maintenance | $540 |
| Printing, publications, postage, and shipping | $2,033 |
| Other expenses | $57,359 |
| Total expenses | $69,357 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $74,755 |
| Other assets | $0 |
| Total assets | $74,984 |
| Total liabilities | $0 |
| Net assets or fund balances | $74,984 |
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 |