Chapoquoit Yacht Club Inc is located in West Falmouth, MA. The organization was established in 1975. 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. Chapoquoit 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 12/2022, Chapoquoit Yacht Club Inc generated $94.0k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $75.9k during the year ending 12/2022. While expenses have increased by 0.7% per year over the past 6 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
TEACHING SEAMANSHIP SMALL BOAT HANDLING AND SAILING TO CHILDREN
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Galen Robbins Treasurer | 20 | $0 | |
Erik Egleston Commodore | 20 | $0 | |
Nadia Lipp Vice Commodore | 20 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $7,230 |
Total Program Service Revenue | $33,985 |
Membership dues | $30,690 |
Investment income | $0 |
Gain or Loss | $1,500 |
Net Income from Gaming & Fundraising | $16,373 |
Other Revenue | $1,000 |
Total Revenue | $93,972 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $35,339 |
Professional fees and other payments to independent contractors | $650 |
Occupancy, rent, utilities, and maintenance | $8,500 |
Printing, publications, postage, and shipping | $414 |
Other expenses | $30,992 |
Total expenses | $75,895 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $77,150 |
Other assets | $0 |
Total assets | $127,150 |
Total liabilities | $0 |
Net assets or fund balances | $127,150 |
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