Mt Sinai Yacht Club Inc

Organization Overview

Mt Sinai Yacht Club Inc is located in Mt Sinai, NY. The organization was established in 1977. 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 12/2021, Mt Sinai Yacht Club Inc employed 49 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mt Sinai 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 12/2021, Mt Sinai Yacht Club Inc generated $984.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $931.3k during the year ending 12/2021. While expenses have increased by 4.2% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

SOCIAL CLUB

Describe the Organization's Program Activity:

Part 3 - Line 4a

PRIVATE CLUB. SOCIAL EVENTS & BOATING FACILITIES FOR OVER 200 MEMBERS


PRIVATE CLUB, SOCIAL EVENTS, BOATING FACILITIES FOR OVER 200 MEMBERS


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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$693,375
Investment income $137
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 $291,172
Miscellaneous Revenue$0
Total Revenue $984,684

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