Kittery Point Yacht Club
- Assets
- $382.6k
- Revenue
- $190.6k
- Investments
- $0.0
- Employees
- 10
- Location
- New Castle, NH
- Founding
- 01/1969
- Data as of
- 12/2021
- EIN
- 02-6006021
Organization Overview
Kittery Point Yacht Club is located in New Castle, NH. The organization was established in 1969. 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, Kittery Point Yacht Club employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kittery Point 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, Kittery Point Yacht Club generated $190.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $163.1k during the year ending 12/2021. While expenses have increased by 8.2% 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
SOCIAL CLUB FOR SAILING & YACHTING
Describe the Organization's Program Activity:
Part 3 - Line 4a
SAILING SCHOOL - PROVIDES INSTRUCTION IN SAILING AND RACING FOR YOUNG PEOPLE.
WATERFRONT PROGRAM - PROVIDES MOORINGS, DOCKS, LOCKERS AND LIMITED LAUNCH SERVICES FOR MEMBERS AND VISITING YACHTSMEN.
SOCIAL PROGRAM - PROVIDES A WATERFRONT FACILITY FOR MEMBERS TO GATHER. EDUCATIONAL LECTURES AND FILMS ARE PROVIDED MONTHLY. SOCIAL PROGRAMS ARE OFFERED. SPONSOR ANNUAL REGATTA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Gray Secretary | OfficerTrustee | 2 | $0 |
Dylan Kimmel Vice Commodore | OfficerTrustee | 2 | $0 |
Phillip Llewellyn Treasurer | OfficerTrustee | 2 | $0 |
Thomas Schladenhauffen Rear Commodore | OfficerTrustee | 2 | $0 |
Dean Crombie Commodore | Officer | 2 | $0 |
Daniel Roach Fleet Captain | Officer | 1 | $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 | $184,251 |
| Investment income | $119 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,267 |
| Net Gain/Loss on Asset Sales | $920 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$606 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $190,628 |
| 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 | $49,267 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,092 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,109 |
| 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 | $1,945 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,434 |
| Travel | $0 |
| 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 | $13,218 |
| Insurance | $6,101 |
| All other expenses | $0 |
| Total functional expenses | $163,130 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $254,764 |
| Savings and temporary cash investments | $0 |
| 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 | $1,035 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $126,765 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $382,564 |
| 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 | $1,194 |
| Total liabilities | $1,194 |
| Net assets without donor restrictions | $263,488 |
| Net assets with donor restrictions | $117,882 |
| 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 | $382,564 |
Endowment Analysis
| Beg. Balance | $4,999 |
| Earnings | $7 |
| Ending Balance | $5,006 |
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|---|---|---|
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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 |