Huntington Yacht Club
- Assets
- $4.1m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 61
- Location
- Huntington, NY
- Founding
- 10/1942
- Data as of
- 12/2021
- EIN
- 11-0900170
Organization Overview
Huntington Yacht Club is located in Huntington, NY. The organization was established in 1942. 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 12/2021, Huntington Yacht Club employed 61 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Huntington 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 12/2021, Huntington Yacht Club generated $2.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $1.8m during the year ending 12/2021. 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
THE CLUB OFFERS ITS MEMBERS FULL YACHT CLUB FACILITIES, INCLUDING A STATE-OF-THE-ART 103-SLIP MARINA; A FIELD OF 54 MOORINGS; A FULL SERVICE FUEL DOCK WITH HIGH SPEED PUMPS DISPENSING BOTH GAS AND DIESEL; AN OLYMPIC-SIZED SWIMMING POOL WITH SNACK CENTER; A RESTAURANT; A FULL-SERVICE BAR; AND A TWO-LEVEL CLUBHOUSE USED FOR LOUNGING, MEALS, AND SOCIAL EVENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RECREATIONAL FACILITIES FOR ITS MEMBERS
THE RESTAURANT PROVIDES A SOCIAL MEETING PLACE FOR THE MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stan Sommers Vice Commodore | Officer | 3 | $0 |
Eliot Levine Fleet Captain | Officer | 3 | $0 |
Victor Lee Secretary | Officer | 3 | $0 |
Frank Messina Commodore | Officer | 3 | $0 |
Fred Mestrandrea Treasurer | Officer | 3 | $0 |
Jack Posner Rear Commodore | Officer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $102,084 |
| 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 | $102,084 |
| Total Program Service Revenue | $1,721,824 |
| Investment income | $15,018 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $142,328 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,191,148 |
| 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 | $502,866 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $40,983 |
| Payroll taxes | $38,478 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $45,103 |
| Advertising and promotion | $0 |
| Office expenses | $97,236 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $68,811 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $190,560 |
| Insurance | $129,984 |
| All other expenses | $79,154 |
| Total functional expenses | $1,785,748 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,333,666 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $535,715 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $30,000 |
| Prepaid expenses and deferred charges | $10,000 |
| Net Land, buildings, and equipment | $1,935,459 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $225,502 |
| Other assets | $0 |
| Total assets | $4,070,342 |
| Accounts payable and accrued expenses | $23,461 |
| 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 | $2,237,633 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $488,521 |
| Total liabilities | $2,749,615 |
| Net assets without donor restrictions | $1,320,727 |
| 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 | $4,070,342 |
Endowment Analysis
| Beg. Balance | $428,140 |
| Earnings | -$5,287 |
| Ending Balance | $422,853 |
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|---|---|---|
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Rolling Rock Club Ligonier, PA | $40,965,761 | $18,300,601 |
Oak Hill Country Club Rochester, NY | $24,513,885 | $17,798,483 |
The Ridgewood Country Club Paramus, NJ | $31,275,344 | $17,956,980 |
Montclair Golf Club Montclair, NJ | $32,931,083 | $17,687,834 |
Greenwich Country Club Greenwich, CT | $48,407,804 | $23,136,592 |