Quannapowitt Yacht Club
- Assets
- $57.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Wakefield, MA
- Founding
- 03/1998
- Data as of
- 12/2021
- EIN
- 04-2585359
Organization Overview
Quannapowitt Yacht Club is located in Wakefield, MA. The organization was established in 1998. 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. Quannapowitt Yacht Club is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Quannapowitt Yacht Club generated $63.5k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $61.2k during the year ending 12/2021. While expenses have increased by 2.0% per year over the past 5 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Hickey Commodore | 8 | $0 | |
Mike Gonthier Rear Commodore | 8 | $0 | |
Brian Wilson Fleet Captain | 8 | $0 | |
Holly Lannen Trustee | 4 | $0 | |
Carl Andrews Trustee | 4 | $0 | |
Jim Squadrito Vice Commodore | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,462 |
| Total Program Service Revenue | $19,685 |
| Membership dues | $39,138 |
| Investment income | $16 |
| Gain or Loss | $3,166 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $63,467 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $7,908 |
| Professional fees and other payments to independent contractors | $1,325 |
| Occupancy, rent, utilities, and maintenance | $19,056 |
| Printing, publications, postage, and shipping | $400 |
| Other expenses | $32,475 |
| Total expenses | $61,164 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $51,736 |
| Other assets | $0 |
| Total assets | $57,055 |
| Total liabilities | $3,555 |
| Net assets or fund balances | $53,500 |
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