Westport Yacht Club Inc
- Assets
- $270.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Westport, MA
- Founding
- 02/1984
- Data as of
- 03/2024
- EIN
- 04-2262143
Organization Overview
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 03/2024, Westport Yacht Club Inc generated $199.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $219.0k during the year ending 03/2024. While expenses have increased by 4.8% per year over the past 8 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
2024
Describe the Organization's Program Activity:
Part 3
EDUCATE CLUB MEMBERS IN BOATING AND SWIMMINGSAFETY AND PROVIDE DOCKS, LOCKERS ANDSOCIAL FUNCTIONS FOR MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Regan President, Commodore | 5 | $0 | |
Gary Swainamer Vice Commodore | 5 | $0 | |
Sherri Swainamer Secretary | 5 | $0 | |
Cheryl M Johnson Treasurer | 5 | $0 | |
Kherri-Lynn Donnelly Fleet Surgeon | 5 | $0 | |
Rand Torman Fleet Captain | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $94,775 |
| Membership dues | $104,725 |
| Investment income | $154 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $199,654 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $35,050 |
| Professional fees and other payments to independent contractors | $646 |
| Occupancy, rent, utilities, and maintenance | $91,450 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $91,875 |
| Total expenses | $219,021 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $65,945 |
| Other assets | $0 |
| Total assets | $270,320 |
| Total liabilities | $28,105 |
| Net assets or fund balances | $242,215 |