Springfield Yacht & Canoe Club
- Assets
- $385.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Agawam, MA
- Founding
- 11/1944
- Data as of
- 12/2021
- EIN
- 04-6130457
Organization Overview
Springfield Yacht & Canoe Club is located in Agawam, MA. The organization was established in 1944. According to its NTEE Classification (N67) the organization is classified as: Swimming & Other Water Recreation, 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. Springfield Yacht & Canoe 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, Springfield Yacht & Canoe Club generated $147.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $154.9k during the year ending 12/2021. While expenses have increased by 6.3% 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
TO PROVIDE BOAT RECREATION TO 144 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Merli Director | 5 | $0 | |
Jason Thody Director | 5 | $0 | |
Michael Morassi Director | 5 | $0 | |
David Jenks Director | 5 | $0 | |
Mat Wright Director | 5 | $0 | |
Steven Buoniconti Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $53,156 |
| Investment income | $1,731 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $92,653 |
| Total Revenue | $147,540 |
| 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 | $1,160 |
| Occupancy, rent, utilities, and maintenance | $110,830 |
| Printing, publications, postage, and shipping | $109 |
| Other expenses | $42,811 |
| Total expenses | $154,910 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $235,138 |
| Other assets | $0 |
| Total assets | $385,783 |
| Total liabilities | $3,966 |
| Net assets or fund balances | $381,817 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York Junior Tennis League Inc Long Island City, NY | $15,745,055 | $13,403,069 |
United States Sailing Association Inc Bristol, RI | $8,027,126 | $11,092,289 |
Row New York Inc New York, NY | $11,063,352 | $5,131,305 |
New England Sailing Foundation Inc Marblehead, MA | $32,351 | $1,795,441 |
New England Science & Sailing Foundation Inc Stonington, CT | $5,613,617 | $3,618,390 |
Long Island Swimming Garden City, NY | $5,786,299 | $2,981,330 |
Sail Newport Inc Newport, RI | $8,050,460 | $2,453,105 |
Stony Brook Yacht Club Inc Stony Brook, NY | $1,925,542 | $2,144,649 |
Community Boating Inc Boston, MA | $5,688,954 | $2,833,055 |
Hudson River Community Sailing Inc New York, NY | $1,975,748 | $1,753,516 |
Winchester Boat Club Winchester, MA | $5,238,512 | $1,099,002 |
Saugatuck Harbor Yacht Club Inc Westport, CT | $2,019,925 | $1,016,320 |