Guilford Yacht Club Assoc Inc

Organization Overview

Guilford Yacht Club Assoc Inc is located in Guilford, CT. The organization was established in 1992. 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. Guilford Yacht Club Assoc 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, Guilford Yacht Club Assoc Inc generated $139.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $126.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE GUILFORD YACHT CLUB OFFERS ITS MEMBERS FACILITIES FOR BOATING, SWIMMING, BEVERAGE AND SOCIAL ACTIVITIES AND GENERATES REVENUES PRIMARILY THROUGH MEMBERSHIP DUES AND SPECIAL EVENTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE GUILFORD YACHT CLUB PROVIDES BOATING, SWIMMING AND SOCIAL ACTIVIES FOR OVER 170 FAMILIES AND OTHER MEMBERS.


THE GUILFORD YACHT CLUB OFFERS SAILING INSTRUCTION AND RELATED PROGRAMS TO MEMBERS.


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Board, Officers & Key Employees

Name (title)Compensation
Karen Downer-Doyle
Commodore
$0
Joe Briganti
Secretary
$0
Allison Franks
Treasurer
$0
Mark Allegrini
Director
$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$144,455
Investment income $27
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events -$4,912
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $139,570

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