Westport Yacht Club Inc is located in Westport, MA. The organization was established in 1984. 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. Westport 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 03/2022, Westport Yacht Club Inc generated $198.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $196.3k during the year ending 03/2022. While expenses have increased by 5.9% per year over the past 7 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
EDUCATE CLUB MEMBERS IN BOATING AND SWIMMING SAFETY AND PROVIDE DOCKS, LOCKERS AND SOCIAL FUNCTIONS FOR MEMBERS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Sherri Swainamer Secretary | 5 | $5,000 | |
Cheryl M Johnson Treasurer | 5 | $4,000 | |
Julie Regan President, Commodore | 5 | $0 | |
Gary Swainamer Vice Commodore | 5 | $0 | |
Kherri-Lynn Donnelly Fleet Surgeon | 5 | $0 | |
Rand Torman Fleet Captain | 5 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $12,965 |
Total Program Service Revenue | $80,352 |
Membership dues | $105,570 |
Investment income | $58 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $198,945 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $29,040 |
Professional fees and other payments to independent contractors | $622 |
Occupancy, rent, utilities, and maintenance | $105,513 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $61,153 |
Total expenses | $196,328 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $44,714 |
Other assets | $0 |
Total assets | $296,504 |
Total liabilities | $18,425 |
Net assets or fund balances | $278,079 |
Organization Name | Assets | Revenue |
---|---|---|
Westchester Country Club Inc Rye, NY | $77,553,664 | $42,480,746 |
Elderhostel Inc Boston, MA | $135,068,845 | $25,807,817 |
Yale Club Of New York City New York, NY | $50,588,779 | $20,944,634 |
Old Westbury Golf & Country Club Inc Old Westbury, NY | $24,637,751 | $16,881,231 |
Innis Arden Golf Club Inc Old Greenwich, CT | $33,992,814 | $14,860,228 |
Hudson National Golf Club Inc Croton On Hudson, NY | $51,687,185 | $12,086,027 |
Nantucket Golf Club Inc Siasconset, MA | $41,080,926 | $8,761,983 |
Great Harbor Yacht Club Inc Nantucket, MA | $67,641,341 | $7,821,481 |
Fisher Island Club Inc Fishers Island, NY | $26,382,427 | $9,842,592 |
Golf Club Of Marthas Vineyard Inc Edgartown, MA | $54,618,022 | $7,664,048 |
Noyac Golf Club Inc Sag Harbor, NY | $25,263,669 | $11,022,614 |
Greenwich Water Club Inc Cos Cob, CT | $34,734 | $8,500,732 |