Pettipaug Yacht Club Inc
- Assets
- $144.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Essex, CT
- Founding
- 02/1971
- Data as of
- 12/2022
- EIN
- 06-0715040
Organization Overview
Pettipaug Yacht Club Inc is located in Essex, CT. The organization was established in 1971. 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. Pettipaug 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 12/2022, Pettipaug Yacht Club Inc generated $63.7k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $68.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.7%) per year over the past 4 years. 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
NONE
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Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,184 |
| Total Program Service Revenue | $2,645 |
| Membership dues | $42,754 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,152 |
| Total Revenue | $63,735 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $4,479 |
| Professional fees and other payments to independent contractors | $570 |
| Occupancy, rent, utilities, and maintenance | $9,996 |
| Printing, publications, postage, and shipping | $4,488 |
| Other expenses | $49,408 |
| Total expenses | $68,941 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $34,175 |
| Other assets | $0 |
| Total assets | $143,969 |
| Total liabilities | $0 |
| Net assets or fund balances | $143,969 |