Miamogue Yacht Club Inc
- Assets
- $805.2k
- Revenue
- $683.2k
- Investments
- $0.0
- Employees
- 24
- Location
- Bridgeport, CT
- Founding
- 10/1958
- Data as of
- 12/2021
- 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 12/2021, Miamogue Yacht Club Inc employed 24 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 12/2021, Miamogue Yacht Club Inc generated $683.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $592.4k during the year ending 12/2021. 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
2021
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 |
|---|---|---|---|
Scott Gorton Commodore | Officer | 15 | $6,708 |
Philip Maguire Treasurer | Officer | 15 | $4,052 |
Thomas Begg Secretary | Officer | 10 | $3,506 |
Chris Tearne Vice Commodore | Officer | 4 | $2,722 |
Peter Aiksnoras Rear Commodore | Officer | 2 | $2,251 |
Peter Chila Governor | Trustee | 2 | $1,022 |
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 | $675,180 |
| Investment income | $60 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $7,961 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $683,201 |
| 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. | $24,214 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $61,299 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $16,348 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,000 |
| 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 | $26,280 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $39,131 |
| 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 | $30,423 |
| Insurance | $26,797 |
| All other expenses | $43,983 |
| Total functional expenses | $592,414 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $199,211 |
| Savings and temporary cash investments | $267,673 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $42,786 |
| 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 | $284,579 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $805,188 |
| Accounts payable and accrued expenses | $9,890 |
| 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 | $9,890 |
| 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 | $795,298 |
| Total liabilities and net assets/fund balances | $805,188 |
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