Hingham Yacht Club

Organization Overview

Hingham Yacht Club is located in Hingham, MA. The organization was established in 1949. 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 10/2022, Hingham Yacht Club employed 67 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hingham 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 10/2022, Hingham Yacht Club generated $1.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $1.5m during the year ending 10/2022. While expenses have increased by 3.7% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE CLUB OPERATES SEASONALLY WITH A VARIETY OF SOCIAL AND RECREATIONAL EVENTS FOR ITS MEMBERS AND IS COMMITTED TO THE DEVELOPMENT OF BOATING SKILLS AND WATER SAFETY INSTRUCTION FOR JUNIOR MEMBERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE A YACHT CLUB FACILITY AND PROMOTE SAFETY AWARENESS, KNOWLEDGE AND SKILL IN POWER BOATING AND SAILING ACTIVITIES AMONG A MEMBERSHIP OF APPROXIMATELY 430 FAMILIES IN THE HINGHAM MA AREA.


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Board, Officers & Key Employees

Name (title)Compensation
Jacob P Braley
Chief Steward
$69,034
Christopher Burns
Commodore And Director
$0
Marc Hambley
Treasurer
$0
Tricia Connerly
Secretary
$0
Conrad Langenhagen
Vice Commodore & Director
$0
Tracey Buckeridge
Member At Large
$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$1,572,452
Investment income $4,493
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $3,072
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,580,488

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