Waquoit Bay Yacht Club Inc
- Assets
- $321.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Waquoit, MA
- Founding
- 04/1967
- Data as of
- 12/2021
- EIN
- 04-2315411
Organization Overview
Waquoit Bay Yacht Club Inc is located in Waquoit, MA. The organization was established in 1967. 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. Waquoit Bay 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, Waquoit Bay Yacht Club Inc generated $124.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $121.1k during the year ending 12/2021. While expenses have increased by 4.9% 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
2021
Describe the Organization's Program Activity:
Part 3
HIRE INSTRUCTORS TO PROVIDE CLASSROOM AND ON THE WATER SAILING INSTRUCTIONS. MAINTAIN GROUNDS AND BOATS FOR SAILING CLASSES. MAINTAIN DOCKS TO PROVIDE WATER ACCESS FOR PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Sawyer Vice Commodo | 5 | $0 | |
Kristina Woods Commodore | 5 | $0 | |
Jr Mell Rear Commodo | 5 | $0 | |
Steven Johnson Treasurer | 10 | $0 | |
Sarah Lebrun Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $400 |
| Total Program Service Revenue | $27,775 |
| Membership dues | $91,065 |
| Investment income | $12 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$4,591 |
| Other Revenue | $0 |
| Total Revenue | $124,747 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $12,588 |
| Professional fees and other payments to independent contractors | $1,280 |
| Occupancy, rent, utilities, and maintenance | $22,674 |
| Printing, publications, postage, and shipping | $504 |
| Other expenses | $84,085 |
| Total expenses | $121,131 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $107,515 |
| Other assets | $0 |
| Total assets | $321,462 |
| Total liabilities | $0 |
| Net assets or fund balances | $321,462 |
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