Hempstead Harbour Club
- Assets
- $529.4k
- Revenue
- $539.9k
- Investments
- $0.0
- Employees
- 24
- Location
- Glen Cove, NY
- Founding
- 03/1972
- Data as of
- 10/2021
- EIN
- 11-0871375
Organization Overview
Hempstead Harbour Club is located in Glen Cove, NY. The organization was established in 1972. 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 10/2021, Hempstead Harbour Club employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hempstead Harbour Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 10/2021, Hempstead Harbour Club generated $539.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $448.5k during the year ending 10/2021. While expenses have increased by 5.6% 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
HEMPSTEAD HARBOUR CLUB IS A SOCIAL SAILING CLUB
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE YACHT CLUB AND SAILING SERVICES TO ITS MEMBERS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Goodsell Rear Commodore | OfficerTrustee | 10 | $0 |
Robert Canavan Commodore | OfficerTrustee | 10 | $0 |
Herma Schmitz Secretary | OfficerTrustee | 10 | $0 |
Christopher Gioia Vice Commodore | OfficerTrustee | 10 | $0 |
Laurie Ellis Treasurer | OfficerTrustee | 10 | $0 |
Leslie Kle Personnel & Grounds Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $249,304 |
| 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 | $249,304 |
| Total Program Service Revenue | $251,460 |
| Investment income | $155 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,477 |
| Net Income from Fundraising Events | $38,239 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$981 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $539,854 |
| 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 | $137,404 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,948 |
| Payroll taxes | $17,042 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,995 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $7,346 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $90,608 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,350 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,866 |
| Insurance | $51,023 |
| All other expenses | $10,407 |
| Total functional expenses | $448,510 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,581 |
| Savings and temporary cash investments | $288,787 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $698 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,970 |
| Net Land, buildings, and equipment | $220,356 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $529,392 |
| Accounts payable and accrued expenses | $9,284 |
| 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 | $39,000 |
| Other liabilities | $0 |
| Total liabilities | $48,284 |
| Net assets without donor restrictions | $0 |
| 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 | $481,108 |
| Total liabilities and net assets/fund balances | $529,392 |
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