Point Judith Yacht Club
- Assets
- $284.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Wakefield, RI
- Founding
- 09/1986
- Data as of
- 12/2022
- 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 12/2022, Point Judith Yacht Club generated $135.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $135.9k during the year ending 12/2022. 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
2022
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 Past Commodore | 2 | $0 | |
Chip Cinnamond Vice Commodore | 2 | $0 | |
Kathleen Morrissey Treasurer | 2 | $0 | |
Carin Salonia Commodore | 2 | $0 | |
Russell Morgan Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $103,086 |
| Membership dues | $31,275 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,402 |
| Total Revenue | $135,763 |
| 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 | $5,940 |
| Occupancy, rent, utilities, and maintenance | $75,129 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $54,839 |
| Total expenses | $135,908 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $105,104 |
| Other assets | $0 |
| Total assets | $284,528 |
| Total liabilities | $7,706 |
| Net assets or fund balances | $276,822 |