East Greenwich Yacht Club

Organization Overview

East Greenwich Yacht Club is located in East Greenwich, RI. The organization was established in 1942. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, East Greenwich Yacht Club employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. East Greenwich 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, East Greenwich Yacht Club generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $1.7m during the year ending 12/2021. While expenses have increased by 4.1% 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

TO PROVIDE FACILITIES NECESSARY FOR RI FAMILIES TO ENJOY MARINE ACTIVITIES

Describe the Organization's Program Activity:

Part 3 - Line 4a

DOCKAGE & RELATED MARINE SERVICES - PROVIDE NECESSARY FACILITIES AND SERVICES FOR ENJOYMENT OF MARINE ACTIVITIES BY APPROXIMATELY 350 MEMBERS AND THEIR FAMILIES


WINTER STORAGE OF MEMBERS' BOATS - PROVIDED ADEQUATE AND SECURE FACILITIES FOR WINTER BOAT STORAGE FOR APPROXIMATELY 300 MEMBERS


RACE COMMITTEE/CLUB FUNCTIONS AND EVENTS - ESTABLISHED A RACE COMMITTEE TO PLAN, MONITOR AND JUDGE SAILBOAT RACES TO PROMOTE THE SPORT. THE FACILITIES ARE USED TO HOLD MEMBER EVENTS AND TO PROMOTE AND ENHANCE COMRADERY AMONGST MEMBERS


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

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$1,510,554
Investment income $508
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $45,671
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $307,927
Miscellaneous Revenue$0
Total Revenue $2,108,173

Grants Recieved

Over the last fiscal year, we have identified 1 grants that East Greenwich Yacht Club has recieved totaling $250.

Awarding OrganizationAmount
Harborone Foundation Of Rhode Island

Brockton, MA

PURPOSE: YOUTH SERVICES

$250
View Grant Recipient Profile

Peer Organizations

Create an account to unlock the data you need.

or