Salem Willows Yacht Club Inc
- Assets
- $130.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Beverly, MA
- Founding
- 10/1980
- Data as of
- 12/2021
- EIN
- 04-2260694
Organization Overview
Salem Willows Yacht Club Inc is located in Beverly, MA. The organization was established in 1980. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, 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. Salem Willows Yacht Club Inc 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, Salem Willows Yacht Club Inc generated $91.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $102.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rich Mcglynn Commodore | 15 | $0 | |
Frank Harrington Vice-Commodore | 15 | $0 | |
Joseph Collins Treasurer | 15 | $0 | |
Joe Bonzagni Rear Commodore | 15 | $0 | |
Leigh Baines Financial Secretary | 15 | $0 | |
Robert Chadwick Secretary | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,449 |
| Membership dues | $90,140 |
| Investment income | $68 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $91,657 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $21,062 |
| Professional fees and other payments to independent contractors | $1,700 |
| Occupancy, rent, utilities, and maintenance | $4,889 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $74,344 |
| Total expenses | $101,995 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $130,399 |
| Other assets | $0 |
| Total assets | $130,399 |
| Total liabilities | $0 |
| Net assets or fund balances | $130,399 |
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