Yhc Inc
- Assets
- $133.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Newburyport, MA
- Founding
- 03/1996
- Data as of
- 12/2023
- EIN
- 04-3265740
Organization Overview
Yhc Inc is located in Newburyport, MA. The organization was established in 1996. According to its NTEE Classification (N52) the organization is classified as: Fairs, 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. Yhc Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Yhc Inc generated $153.8k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $169.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 9 years. 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
2023
Describe the Organization's Program Activity:
Part 3
TO PROMOTE NEWBURYPORT AS A CULTURAL, EDUCATIONAL AND TOURIST CENTER. THESE PROGRAMS SERVE ROUGHLY 10,000 PEOPLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Palazzo President | 2 | $0 | |
Jason Lacroix Vice President | 2 | $0 | |
Cheryl Munick Vice President | 2 | $0 | |
Lucien Lacroix Treasurer | 2 | $0 | |
Brittany Verville Clerk | 2 | $0 | |
Richard Eaton Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,077 |
| Total Program Service Revenue | $118,341 |
| Membership dues | $0 |
| Investment income | $424 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $9,959 |
| Other Revenue | $0 |
| Total Revenue | $153,801 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,300 |
| Occupancy, rent, utilities, and maintenance | $3,000 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $164,990 |
| Total expenses | $169,290 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $131,310 |
| Other assets | $0 |
| Total assets | $133,348 |
| Total liabilities | $0 |
| Net assets or fund balances | $133,348 |