Riverside Yacht Club Inc
- Assets
- $13.2m
- Revenue
- $7.0m
- Investments
- $0.0
- Employees
- 151
- Location
- Riverside, CT
- Founding
- 02/1935
- Data as of
- 09/2021
- EIN
- 06-0511710
Organization Overview
Riverside Yacht Club Inc is located in Riverside, CT. The organization was established in 1935. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 09/2021, Riverside Yacht Club Inc employed 151 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Riverside 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 09/2021, Riverside Yacht Club Inc generated $7.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $6.5m during the year ending 09/2021. While expenses have increased by 4.1% per year over the past 6 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
TAX EXEMPT CLUB ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Ashley General Manager | Officer | 40 | $372,237 |
Joseph Manuele Controller | Officer | 40 | $171,625 |
Kevin Docherty Chef | Officer | 40 | $160,794 |
Robert R Barolak Commodore | OfficerTrustee | 1 | $0 |
Mark N Parry Vice Commodore | OfficerTrustee | 1 | $0 |
Stephen R Munger Rear Commodore | OfficerTrustee | 1 | $0 |
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 | $3,678,338 |
| Investment income | $9,036 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,661,260 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,960,268 |
| 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. | $409,876 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,439,120 |
| Pension plan accruals and contributions | $127,287 |
| Other employee benefits | $371,459 |
| Payroll taxes | $248,651 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,734 |
| Fees for services: Accounting | $33,834 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,493 |
| Advertising and promotion | $0 |
| Office expenses | $390,917 |
| Information technology | $1,560 |
| Royalties | $0 |
| Occupancy | $316,849 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10,590 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $251,884 |
| All other expenses | $0 |
| Total functional expenses | $6,523,813 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,345,153 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $496,817 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $270,500 |
| Inventories for sale or use | $143,017 |
| Prepaid expenses and deferred charges | $140,973 |
| Net Land, buildings, and equipment | $10,782,025 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,000 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,179,485 |
| Accounts payable and accrued expenses | $883,202 |
| 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 | $197,051 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,429,812 |
| Total liabilities | $2,510,065 |
| Net assets without donor restrictions | $10,669,420 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $13,179,485 |
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