Miamogue Yacht Club Inc
- Assets
- $987.7k
- Revenue
- $675.2k
- Investments
- $0.0
- Employees
- 25
- Location
- Bridgeport, CT
- Founding
- 10/1958
- Data as of
- 12/2023
- EIN
- 06-0451640
Organization Overview
Miamogue Yacht Club Inc is located in Bridgeport, CT. The organization was established in 1958. 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 12/2023, Miamogue Yacht Club Inc employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Miamogue Yacht Club Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2023, Miamogue Yacht Club Inc generated $675.2k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $588.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ENCOURAGE YACHTING, PROMOTE GOOD FELLOWSHIP AMOUNGST ITS MEMBERS AND PROVIDE A SUITABLE CLUBHOUSE, GROUNDS, AND BOATING FACILITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE A SUITABLE CLUBHOUSE, GROUNDS, AND BOATING FACILITY FOR THE CONVENIENCE OF ITS MEMBERS; TO HOLD AND CONTROL REAL ESTATE; TO ENCOURAGE YACHTING AND OTHER RECREATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Shevlin Rear Commodore | Officer | 2 | $5,314 |
Philip Maguire Treasurer | Officer | 15 | $5,177 |
Peter Aiksnoras Commodore | Officer | 15 | $5,065 |
Thomas Begg Secretary | Officer | 10 | $4,594 |
Peter Chila Vice Commodore | Officer | 4 | $3,811 |
Robert Cole Governor | Trustee | 2 | $1,689 |
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 | $662,262 |
| Investment income | $6,766 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $6,182 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $675,210 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $33,815 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $72,071 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $20,608 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $40 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $25,663 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $37,744 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,027 |
| Insurance | $36,502 |
| All other expenses | $30,811 |
| Total functional expenses | $588,368 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $209,248 |
| Savings and temporary cash investments | $353,347 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,615 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $10,939 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $397,596 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $987,745 |
| Accounts payable and accrued expenses | $12,655 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $12,655 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $975,090 |
| Total liabilities and net assets/fund balances | $987,745 |