City Island Yacht Club Inc

Organization Overview

City Island Yacht Club Inc is located in City Island, NY. The organization was established in 1945. As of 12/2021, City Island Yacht Club Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. City Island 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, City Island Yacht Club Inc generated $470.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $478.6k 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

TO PROVIDE ON WATER RECREATION, BOAT STORAGE FACILITIES, EDUCATION AND SAFETY TO THE MEMBERSHIP.

Describe the Organization's Program Activity:

Part 3 - Line 4a

WATERFRONT AND MOORINGS TO PROVIDE MEMBERS ACCESS TO THEIR BOATS, STORAGE, AND MOORINGS.


REGATTA AND CRUISING TO PROVIDE STRUCTURE FOR ON WATER RACING AND CRUISING EVENTS FOR MEMBERSHIP.


COMMUNICATION, EDUCATION, AND MEMBERSHIP TO PROVIDE BOATING EDUCATION, SAFETY EDUCATION, AND ENTERTAINMENT FOR MEMBERSHIP.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$278,763
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$278,763
Total Program Service Revenue$191,449
Investment income $5
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 $0
Miscellaneous Revenue$0
Total Revenue $470,217

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