Mountain View Yacht Club Incorporated
- Assets
- $4.0m
- Revenue
- $677.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Gilford, NH
- Founding
- 05/1990
- Data as of
- 12/2021
- EIN
- 02-0394806
Organization Overview
Mountain View Yacht Club Incorporated is located in Gilford, NH. The organization was established in 1990. 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. Mountain View Yacht Club Incorporated 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, Mountain View Yacht Club Incorporated generated $677.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $556.4k during the year ending 12/2021. While expenses have increased by 5.5% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FORMED EXCLUSIVELY FOR EDUCATIONAL AND RECREATIONAL PURPOSES TO ENCOURAGE THE SPORT OF BOATING AND THE SCIENCE OF SEAMANSHIP AND NAVIGATION AND TO PROVIDE AND MAINTAIN A SUITABLE RECREATIONAL FACILITY FOR ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT OF EDUCATIONAL AND RECREATIONAL ACTIVITIES AS THEY RELATE TO THE SPORT OF BOATING. MAINTENANCE AND CARE OF CLUB FACILITIES.
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 |
|---|---|---|---|
Charles Angiolillo President | OfficerTrustee | 0.5 | $0 |
Paul Luongo Vice Preside | OfficerTrustee | 0.5 | $0 |
Mark Murphy Secretary | OfficerTrustee | 0.5 | $0 |
John Degroot Director | OfficerTrustee | 0.5 | $0 |
Wayne Mcbrian Treasurer | Officer | 1 | $0 |
Howard Williams Director | Trustee | 0.5 | $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 | $719,394 |
| Investment income | $326 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$55,110 |
| 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 | $677,764 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,621 |
| Fees for services: Accounting | $18,288 |
| 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 | $1,509 |
| Information technology | $252 |
| Royalties | $0 |
| Occupancy | $164,814 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $400 |
| Interest | $51,165 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $287,184 |
| Insurance | $25,297 |
| All other expenses | $886 |
| Total functional expenses | $556,416 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,000 |
| Savings and temporary cash investments | $338,740 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $522 |
| 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 | $3,527,601 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,266 |
| Other assets | $211 |
| Total assets | $3,969,340 |
| Accounts payable and accrued expenses | $26,413 |
| 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 | $1,170,565 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,500 |
| Total liabilities | $1,201,478 |
| Net assets without donor restrictions | $2,767,862 |
| 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 | $3,969,340 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Elderhostel Inc Boston, MA | $135,068,845 | $25,807,817 |
Nantucket Golf Club Inc Siasconset, MA | $41,080,926 | $8,761,983 |
Great Harbor Yacht Club Inc Nantucket, MA | $67,641,341 | $7,821,481 |
Golf Club Of Marthas Vineyard Inc Edgartown, MA | $54,618,022 | $7,664,048 |
Oakley Country Club Watertown, MA | $19,643,392 | $9,027,669 |
University Club Of Boston Boston, MA | $34,166,489 | $7,340,957 |
Ekwanok Country Club Manchester, VT | $8,586,281 | $4,806,636 |
Womens Tennis Benefit Association Inc North Reading, MA | $145,348,464 | $3,190,187 |
Abenaqui Country Club Inc Rye Beach, NH | $11,569,362 | $5,766,433 |
Dorset Field Club Inc Dorset, VT | $7,951,014 | $4,678,359 |
Boston Yacht Club Marblehead, MA | $4,161,288 | $3,242,838 |
Concord Country Club Inc Concord, NH | $6,058,459 | $2,790,270 |