Nyack Boat Club Inc
- Assets
- $1.3m
- Revenue
- $631.6k
- Investments
- $0.0
- Employees
- 35
- Location
- Nyack, NY
- Founding
- 03/1985
- Data as of
- 12/2022
- EIN
- 13-3033063
Organization Overview
Nyack Boat Club Inc is located in Nyack, NY. The organization was established in 1985. According to its NTEE Classification (N67) the organization is classified as: Swimming & Other Water Recreation, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Nyack Boat Club Inc employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nyack Boat 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 12/2022, Nyack Boat Club Inc generated $631.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $590.3k during the year ending 12/2022. While expenses have increased by 5.9% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SOCIAL ACTIVITIES AND BOATING EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDED INSTRUCTIONAL JUNIOR SAILING PROGRAMS, RACING/REGATTA PROGRAMS AND BOATING EDUCATION PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Sloat Treasurer | OfficerTrustee | 10 | $0 |
Eve Millard Secretary | OfficerTrustee | 10 | $0 |
John Diamond Governor | Trustee | 3 | $0 |
Sarah Hatsell Governor | Trustee | 3 | $0 |
Jason Samuel Governor | Trustee | 3 | $0 |
Glenn Schauer Governor | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $328,458 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,386 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $334,844 |
| Total Program Service Revenue | $289,794 |
| Investment income | $1,397 |
| 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 | $5,515 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $631,550 |
| 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 | $104,601 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,485 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $638 |
| Fees for services: Accounting | $22 |
| 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 | $23,334 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $103,558 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,147 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $121,043 |
| Insurance | $48,309 |
| All other expenses | $46,149 |
| Total functional expenses | $590,267 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $596,413 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,593 |
| Prepaid expenses and deferred charges | $15,091 |
| Net Land, buildings, and equipment | $675,281 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1 |
| Total assets | $1,290,379 |
| Accounts payable and accrued expenses | $2,575 |
| 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 | $22,017 |
| Other liabilities | $10,043 |
| Total liabilities | $34,635 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $1,255,744 |
| Total liabilities and net assets/fund balances | $1,290,379 |