Minisceongo Yacht Club Inc
- Assets
- $4.1m
- Revenue
- $563.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Stony Point, NY
- Founding
- 09/1971
- Data as of
- 12/2021
- EIN
- 13-2583298
Organization Overview
Minisceongo Yacht Club Inc is located in Stony Point, NY. The organization was established in 1971. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minisceongo 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, Minisceongo Yacht Club Inc generated $563.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $545.6k during the year ending 12/2021. While expenses have increased by 5.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ENCOURAGEMENT OF THE SPORT OF YACHTING, PROMOTE SEAMANSHIP AND NAVIGATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAIN HARBOR, BOAT DOCKS, BUILDING AND GROUNDS FOR USE BY MEMBERS AND GUESTS. MEMBERSHIP TOTALS APPROXIMATELY 175
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Vicidomini Director | OfficerTrustee | 15 | $0 |
David Schrage Vice Commodore | OfficerTrustee | 10 | $0 |
Nick Galetta Commodore | OfficerTrustee | 10 | $0 |
Keira Burtch Secretary | OfficerTrustee | 15 | $0 |
Jim Hawthorne Treasurer | OfficerTrustee | 15 | $0 |
Eric Van Den Berg Rear Commodore | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $26,096 |
| 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 | $26,096 |
| Total Program Service Revenue | $530,841 |
| Investment income | $311 |
| 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 | $6,458 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $563,706 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,825 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $11,041 |
| Information technology | $5,878 |
| 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 | $28,190 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $145,105 |
| Insurance | $61,195 |
| All other expenses | $10,586 |
| Total functional expenses | $545,566 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $213,540 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,144 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,182 |
| Prepaid expenses and deferred charges | $27,916 |
| Net Land, buildings, and equipment | $3,861,387 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,113,169 |
| Accounts payable and accrued expenses | $128 |
| 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 | $129,686 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,440 |
| Total liabilities | $139,254 |
| Net assets without donor restrictions | $3,973,915 |
| 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 | $4,113,169 |
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|---|---|---|
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Winchester Country Club Winchester, MA | $23,172,682 | $9,172,951 |
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Hill Crest Country Club Lower Burrell, PA | $3,269,850 | $1,701,411 |
Oswego Country Club Oswego, NY | $1,701,518 | $1,153,967 |
Wadawanuck Club Inc Stonington, CT | $2,001,918 | $784,680 |
Fort Schuyler Club Utica, NY | $916,187 | $572,292 |
Minisceongo Yacht Club Inc Stony Point, NY | $4,113,169 | $563,706 |