Cuttyhunk Yacht Club Inc
- Assets
- $284.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Cuttyhunk, MA
- Founding
- 02/1981
- Data as of
- 12/2021
- EIN
- 04-2213301
Organization Overview
Cuttyhunk Yacht Club Inc is located in Cuttyhunk, MA. The organization was established in 1981. According to its NTEE Classification (N67) the organization is classified as: Swimming & Other Water Recreation, 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. Cuttyhunk Yacht Club Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Cuttyhunk Yacht Club Inc generated $63.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.0%) each year. All expenses for the organization totaled $76.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
TEACH APPROXIMATELY 150 CHILDREN HOW TO SAIL IN VARIOUS WATERCRAFT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cameron Frothingham Governor | 1 | $0 | |
Matt Ledoux Governor | 1 | $0 | |
Janel Nagtegaal Governor | 1 | $0 | |
Charles Field Governor | 1 | $0 | |
Ellis Lehner Governor | 1 | $0 | |
Jj Bancroft Governor | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,475 |
| Total Program Service Revenue | $23,145 |
| Membership dues | $0 |
| Investment income | $2,154 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $63,617 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $16,800 |
| Professional fees and other payments to independent contractors | $7,994 |
| Occupancy, rent, utilities, and maintenance | $22,616 |
| Printing, publications, postage, and shipping | $1,995 |
| Other expenses | $27,537 |
| Total expenses | $76,942 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $97,270 |
| Other assets | $0 |
| Total assets | $284,175 |
| Total liabilities | $59 |
| Net assets or fund balances | $284,116 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cuttyhunk Yacht Club Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Southcoast Community Foundation Inc New Bedford, MA PURPOSE: FOR NEW SEPTIC SYSTEM | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Row New York Inc New York, NY | $11,063,352 | $5,131,305 |
New England Sailing Foundation Inc Marblehead, MA | $32,351 | $1,795,441 |
New England Science & Sailing Foundation Inc Stonington, CT | $5,613,617 | $3,618,390 |
Long Island Swimming Garden City, NY | $5,786,299 | $2,981,330 |
Sail Newport Inc Newport, RI | $8,050,460 | $2,453,105 |
Stony Brook Yacht Club Inc Stony Brook, NY | $1,925,542 | $2,144,649 |
Community Boating Inc Boston, MA | $5,688,954 | $2,833,055 |
Hudson River Community Sailing Inc New York, NY | $1,975,748 | $1,753,516 |
Winchester Boat Club Winchester, MA | $5,238,512 | $1,099,002 |
Saugatuck Harbor Yacht Club Inc Westport, CT | $2,019,925 | $1,016,320 |
West Side Rowing Club Incorporated Of The City Of Buffalo Buffalo, NY | $4,706,391 | $1,097,011 |
Saltaire Yacht Club Inc Franklin Square, NY | $2,486,867 | $986,689 |