Savin Hill Yacht Club
- Assets
- $500.4k
- Revenue
- $452.5k
- Investments
- $0.0
- Employees
- 24
- Location
- Dorchester, MA
- Founding
- 06/1942
- Data as of
- 12/2022
- EIN
- 04-1810510
Organization Overview
Savin Hill Yacht Club is located in Dorchester, MA. The organization was established in 1942. 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, Savin Hill Yacht Club employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Savin Hill 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 12/2022, Savin Hill Yacht Club generated $452.5k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $508.8k during the year ending 12/2022. 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
TO PROMOTE YACHTING AND GOOD FELLOWSHIP
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAIN A YACHT CLUB THAT PROMOTES YACHTING AND GOOD FELLOWSHIP AND WELCOMES MEMBERS FROM OTHER YACHT CLUBS ON AN EXCHANGE BASIS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martha Tiereny Director | Trustee | 2 | $0 |
Reed Cournoyer Director | Trustee | 2 | $0 |
William Kane Director | Trustee | 2 | $0 |
Erik Lindahl Director | Trustee | 2 | $0 |
Dave Dickerson Director | Trustee | 2 | $0 |
Nick Simon Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $163,681 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $182,999 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $346,680 |
| Total Program Service Revenue | $32,955 |
| Investment income | $2,117 |
| 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 | $70,724 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $452,476 |
| 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 | $130,615 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | -$40,909 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,481 |
| Advertising and promotion | $0 |
| Office expenses | $1,516 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $40,201 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,485 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,278 |
| Insurance | $51,475 |
| All other expenses | $291,876 |
| Total functional expenses | $508,843 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $107,391 |
| Savings and temporary cash investments | $118,220 |
| 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 | $37,709 |
| Prepaid expenses and deferred charges | $3,366 |
| Net Land, buildings, and equipment | $223,670 |
| Investments—publicly traded securities | $10,000 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $500,356 |
| Accounts payable and accrued expenses | $8,045 |
| 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 | $8,045 |
| Net assets without donor restrictions | $492,311 |
| 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 | $500,356 |