Down East Yacht Club
- Assets
- $81.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Boothbay Harbor, ME
- Founding
- 05/1968
- Data as of
- 08/2023
- 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 08/2023, Down East Yacht Club generated $66.1k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $56.5k during the year ending 08/2023. While expenses have increased by 5.0% per year over the past 4 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 |
|---|---|---|---|
Brent Pope Commodore | 1 | $0 | |
Aaron Rugh Vice Commodore | 1 | $0 | |
Kristen King Rear Commodore | 1 | $0 | |
Jack Brennan Past Treasurer | 1 | $0 | |
Susan Pope Secretary | 1 | $0 | |
Steve Whipple Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $25,544 |
| Membership dues | $35,442 |
| Investment income | $257 |
| Gain or Loss | $4,839 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $66,082 |
| 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 | $10,245 |
| Occupancy, rent, utilities, and maintenance | $540 |
| Printing, publications, postage, and shipping | $2,208 |
| Other expenses | $43,517 |
| Total expenses | $56,510 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $80,547 |
| Other assets | $0 |
| Total assets | $81,795 |
| Total liabilities | $0 |
| Net assets or fund balances | $81,795 |