Sandy Bay Yacht Club Incorporated
- Assets
- $497.1k
- Revenue
- $339.7k
- Investments
- $0.0
- Employees
- 13
- Location
- Rockport, MA
- Founding
- 08/1970
- Data as of
- 12/2022
- EIN
- 04-1806820
Organization Overview
Sandy Bay Yacht Club Incorporated is located in Rockport, MA. The organization was established in 1970. 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 12/2022, Sandy Bay Yacht Club Incorporated employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sandy Bay 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 12/2022, Sandy Bay Yacht Club Incorporated generated $339.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $348.0k during the year ending 12/2022. While expenses have increased by 2.9% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
YACHT CLUB, SAILING PROGRAM
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLUB SOCIAL ACTIVITIES AND MISCELLANEOUS HELP TO BUILD ORGANIZATION SPIRIT AND VOLUNTEERISM SO ESSENTIAL TO LIFE OF NON-PROFIT ORGANIZATION
SAILING CLASSES AND INSTRUCTION TO MEMBERS AND NON-MEMBERS ALIKE. HELP TO FOSTER THE LOVE OF SAILING AND RESPECT FOR THE SEA.
YACHTING SUPPORT PROVIDES DOCK, FLOAT, GANG-WAY MOORINGS HOISTS, LOCKERS, LAUNCH SERVICE AND SERVICE FACILITIES IN SUPPORT OF SAILING AND RACING BY MEMBERS AND VISITING YACHTSMEN.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ralph Block Treasurer | OfficerTrustee | $2,000 | |
Ellen Lidington Secretary | OfficerTrustee | $750 | |
Sarah Wilkinson President | OfficerTrustee | $0 | |
Mason Browne V.p., Direct | OfficerTrustee | $0 | |
Kirk Williamson Director | Trustee | $0 | |
Tim Parker Director | Trustee | $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 | $328,885 |
| Investment income | $10,792 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $339,677 |
| 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 | $118,142 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,693 |
| Fees for services: Management | $2,750 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $170 |
| Office expenses | $4,490 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $32,172 |
| 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 | $2,525 |
| Depreciation, depletion, and amortization | $21,790 |
| Insurance | $35,012 |
| All other expenses | $34,763 |
| Total functional expenses | $348,011 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,089 |
| Savings and temporary cash investments | $55,575 |
| 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 | $1,863 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $131,555 |
| Investments—publicly traded securities | $280,911 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,120 |
| Total assets | $497,113 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $497,113 |
| 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 | $497,113 |
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