Salem Willows Yacht Club Inc
- Assets
- $42.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Beverly, MA
- Founding
- 10/1980
- Data as of
- 12/2023
- 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 12/2023, Salem Willows Yacht Club Inc generated $107.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $97.6k during the year ending 12/2023. 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 | 0 | $0 | |
Frank Harrington Vice-Commodo | 0 | $0 | |
Joe Bonzagni Rear Commodo | 0 | $0 | |
Joseph Collins Treasurer | 0 | $0 | |
Robert Chadwick Secretary | 0 | $0 | |
Leigh Baines Financial Se | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $102,764 |
| Total Program Service Revenue | $4,623 |
| Membership dues | $0 |
| Investment income | $311 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $107,698 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $31,025 |
| Professional fees and other payments to independent contractors | $1,825 |
| Occupancy, rent, utilities, and maintenance | $5,698 |
| Printing, publications, postage, and shipping | $760 |
| Other expenses | $58,313 |
| Total expenses | $97,621 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $42,694 |
| Other assets | $0 |
| Total assets | $42,694 |
| Total liabilities | $0 |
| Net assets or fund balances | $42,694 |