Ipswich Bay Yacht Club

Organization Overview

Ipswich Bay Yacht Club is located in Ipswich, MA. The organization was established in 1966. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Ipswich Bay Yacht Club employed 58 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ipswich Bay Yacht Club 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, Ipswich Bay Yacht Club generated $779.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $669.3k during the year ending 12/2021. While expenses have increased by 3.4% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

SOCIAL & RECREATIONAL BOATING CLUB

Describe the Organization's Program Activity:

Part 3 - Line 4a

WATERFRONT SERVICES TO MEMBERS INCLUDES LAUNCH SERVICES TO AND FROM BOATS, DINGHY STORAGE SPACE LOCKER STORAGE, SALE OF GASOLINE, OIL, AND ICE FOR MEMBER BOATS.


HOUSE AND GROUNDS SERVICES TO MEMBERS INCLUDES PARKING FOR THEIR AUTOS, FACILITIES FOR SOCIALIZING, AND A SNACK AND LIQUOR BAR.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$749,927
Investment income $719
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $2,019
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $26,781
Miscellaneous Revenue$0
Total Revenue $779,446

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