Orient Yacht Club Inc
- Assets
- $948.6k
- Revenue
- $607.5k
- Investments
- $66.3k
- Employees
- 24
- Location
- Orient, NY
- Founding
- 08/1995
- Data as of
- 12/2023
- EIN
- 11-2769577
Organization Overview
Orient Yacht Club Inc is located in Orient, NY. The organization was established in 1995. 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 12/2023, Orient Yacht Club Inc employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Orient 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 12/2023, Orient Yacht Club Inc generated $607.5k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $607.6k during the year ending 12/2023. While expenses have increased by 9.8% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
ENCOURAGE FELLOWSHIP, GOOD SPORTSMANSHIP, AND BOATING SAFETY WITHIN OUR YACHTING COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENCOURAGE FELLOWSHIP, GOOD SPORTSMANSHIP, AND BOATING SAFETY WITHIN OUR YACHTING COMMUNITY; OPERATE A SAILING EDUCATION PROGRAM; PROMOTE AND ENCOURAGE MEMBER PARTICIPATION IN COMPETITIVE SAILING; AND PROVIDE AND MAINTAIN A SUITABLE CLUBHOUSE AND ASSOCIATED FACILITIES FOR THE RECREATIONAL AND SOCIAL USE OF OUR MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Malloy Commodore | OfficerTrustee | 10 | $0 |
Margaret Newman Vice Commodore | OfficerTrustee | 5 | $0 |
Deborah Friel Secretary | OfficerTrustee | 5 | $0 |
Andreas Lazar Treasurer | OfficerTrustee | 10 | $0 |
Sarah Burnes Rear Commodore | OfficerTrustee | 10 | $0 |
Alyssa Constant Past Commodore | OfficerTrustee | 5 | $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 | $590,642 |
| Investment income | $16,853 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $783 |
| 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 | -$808 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $607,470 |
| 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 | $151,592 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,781 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,525 |
| Fees for services: Accounting | $12,996 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $25 |
| Fees for services: Other | $12,972 |
| Advertising and promotion | $302 |
| Office expenses | $14,847 |
| Information technology | $2,326 |
| Royalties | $0 |
| Occupancy | $62,958 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $75,161 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $37,401 |
| Insurance | $72,181 |
| All other expenses | $3,253 |
| Total functional expenses | $607,578 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,597 |
| Savings and temporary cash investments | $348,329 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,657 |
| 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 |
| Net Land, buildings, and equipment | $328,250 |
| Investments—publicly traded securities | $68,435 |
| Investments—other securities | $66,290 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $66,000 |
| Total assets | $948,558 |
| Accounts payable and accrued expenses | $3,734 |
| 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 | $3,734 |
| Net assets without donor restrictions | $944,824 |
| 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 | $948,558 |