Port Jefferson-Setauket Yacht Club Inc
- Assets
- $110.3k
- Revenue
- $290.5k
- Investments
- $0.0
- Employees
- 22
- Location
- Port Jefferson, NY
- Founding
- 00/0000
- Data as of
- 11/2020
- EIN
- 11-2153963
Organization Overview
Port Jefferson-Setauket Yacht Club Inc is located in Port Jefferson, NY. The organization was established in 0000. 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 11/2020, Port Jefferson-Setauket Yacht Club Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Port Jefferson-Setauket 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 11/2020, Port Jefferson-Setauket Yacht Club Inc generated $290.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $299.5k during the year ending 11/2020. While expenses have increased by 0.4% 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
YACHT CLUB FOR MEMBERS WHO HAVE SAIL, POWER OR SMALL BOATS (CANOE,KAYAK). MOORINGS ARE RENTED TO TRANSIENT BOATERS AND A LAUNCH SERVICE IS PROVIDED FOR MEMBERS AND TRANSIENTS. ADULT AND CHILD SAILING LESSONS ARE PROVIDED FOR A FEE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RUN AND MAINTAIN DOCKS AND MOORINGS FOR YACHT CLUB IN PORT JEFFERSON HARBOR. ORGANIZE ADULT AND JUNIOR SAILING PROGRAM.
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PDF Copies of 990 Filings
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $140,066 |
| Investment income | $680 |
| 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 | $972 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $290,545 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $105,279 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,120 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,044 |
| Office expenses | $1,772 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $36,658 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,312 |
| Insurance | $32,954 |
| All other expenses | $0 |
| Total functional expenses | $299,453 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $70,739 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $704 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $110,258 |
| Accounts payable and accrued expenses | $5,172 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,172 |
| 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 |
| Total liabilities and net assets/fund balances | $105,086 |
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