East Norwalk Boating & Yacht Club
- Assets
- $409.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Norwalk, CT
- Founding
- 11/1978
- Data as of
- 12/2023
- EIN
- 06-0963932
Organization Overview
East Norwalk Boating & Yacht Club is located in Norwalk, CT. The organization was established in 1978. 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. East Norwalk Boating & Yacht Club 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, East Norwalk Boating & Yacht Club generated $51.0k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $48.9k during the year ending 12/2023. While expenses have increased by 1.2% per year over the past 5 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
WE GIVE COLLEGE SCHOLARSHIPS; APPLICANTS CAN DOWNLOAD FORMS FROM OUR WEBSITE. EACH APPLICATION IS REVIEWED AND RANDOMLY WITH THE COMMITTEE NOT KNOWING WHO THE APPLICANT MIGHT BE. SELECTION SELECTIONS ARE MADE AND A $500 SCHOLARSHIP IS GIVEN TO THE WINNING APPLICANT APPLICANTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Granata Commodore | 3 | $0 | |
Frank Generoso Vice Commodore | 1 | $0 | |
Gabe Dinoto Secretary | 1 | $0 | |
Fred Hooper Financial Secretary | 1 | $0 | |
Mark L Lovallo Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $50,836 |
| Investment income | $125 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $50,961 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $4,498 |
| Occupancy, rent, utilities, and maintenance | $11,272 |
| Printing, publications, postage, and shipping | $1,201 |
| Other expenses | $31,965 |
| Total expenses | $48,936 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $98,721 |
| Other assets | $0 |
| Total assets | $409,692 |
| Total liabilities | $0 |
| Net assets or fund balances | $409,692 |