Ponus Yacht Club Inc
- Assets
- $1.4m
- Revenue
- $746.9k
- Investments
- $0.0
- Employees
- 43
- Location
- Stamford, CT
- Founding
- 07/1963
- Data as of
- 12/2021
- EIN
- 06-0497290
Organization Overview
Ponus Yacht Club Inc is located in Stamford, CT. The organization was established in 1963. 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, Ponus Yacht Club Inc employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ponus 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, Ponus Yacht Club Inc generated $746.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $496.8k 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
TO PROMOTE ALL MEMBERS TO PARTAKE IN THE LEARNING AND EXERCISING OF ALL YACHTING AND BOATING CLUB PROGRAMS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE ALL MEMBERS TO PARTAKE IN THE LEARNING AND EXERCISING OF ALL YACHTING AND BOATING CLUB PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rich Gogola Past Commodore | Officer | 8 | $0 |
Constantine Poulos Secretary | Officer | 8 | $0 |
Bill Malloy Trustee | Officer | 8 | $0 |
Greg Fries Commodore | Officer | 8 | $0 |
Frank Mangiamele Vice Commodore | Officer | 8 | $0 |
Guy Freshwater Treasurer | Officer | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $538,539 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $164,843 |
| 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 | $703,382 |
| Total Program Service Revenue | $0 |
| Investment income | $61 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $43,452 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $746,895 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $64,239 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,239 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,677 |
| Fees for services: Accounting | $50,811 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,750 |
| Advertising and promotion | $7,746 |
| Office expenses | $20,560 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $79,107 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,789 |
| Interest | $23 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $41,190 |
| Insurance | $45,679 |
| All other expenses | $6,728 |
| Total functional expenses | $496,798 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $285,249 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,246 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $12,277 |
| Prepaid expenses and deferred charges | $168,857 |
| Net Land, buildings, and equipment | $975,964 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,448,593 |
| Accounts payable and accrued expenses | $16,841 |
| 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 | $65,777 |
| Total liabilities | $82,618 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $1,365,975 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,448,593 |
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