Point Judith Yacht Club
- Assets
- $284.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Wakefield, RI
- Founding
- 09/1986
- Data as of
- 12/2021
- EIN
- 05-0305714
Organization Overview
Point Judith Yacht Club is located in Wakefield, RI. The organization was established in 1986. 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. Point Judith 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, Point Judith Yacht Club generated $132.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $137.9k during the year ending 12/2021. While expenses have increased by 4.6% 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
THE ORGANIZATION SEEKS TO ENCOURAGE THE SPORT OF YACHTING, TO PROMOTE THE SCIENCE OF SEAMANSHIP AND NAVIGATION AND TO PROVIDE AND MAINTAIN A SUITABLE CLUBHOUSE AND ANCHORAGE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Tkacs Commodore | 2 | $0 | |
Gabe Brunelli Past Commodore | 1 | $0 | |
Chip Cinnamond Vice Commodore | 2 | $0 | |
Kathleen Morrissey Treasurer | 2 | $0 | |
Carin Salonia Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $93,576 |
| Membership dues | $35,875 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $2,818 |
| Total Revenue | $132,269 |
| 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 | $6,157 |
| Occupancy, rent, utilities, and maintenance | $72,926 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $58,850 |
| Total expenses | $137,933 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $75,724 |
| Other assets | $0 |
| Total assets | $284,230 |
| Total liabilities | $7,263 |
| Net assets or fund balances | $276,967 |
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