Port Chester Yacht Club Inc
- Assets
- $482.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Port Chester, NY
- Founding
- 11/1999
- Data as of
- 12/2021
- EIN
- 13-4061214
Organization Overview
Port Chester Yacht Club Inc is located in Port Chester, NY. The organization was established in 1999. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Port Chester 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, Port Chester Yacht Club Inc generated $89.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.0%) each year. All expenses for the organization totaled $114.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE YACHT CLUB FOSTERED AND ENCOURAGED THE SPORT OF BOATING, MOTOR BOATING, YACHTING, AND ALL KINDRED SPORTS PERTAINING TO THE ABOVE. IT ALSO PROMOTED THE SCIENCE OF SEAMANSHIP AND NAVIGATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Mansfield Rear Commodore | 2 | $0 | |
Salvatore Muto President & CEO | 2 | $0 | |
Nicholas Megdanis Vice Commodore | 2 | $0 | |
Brian Hickey Fleet Captain | 2 | $0 | |
Robert Sperduto Treasurer | 2 | $0 | |
Christopher Dutra Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $35,225 |
| Investment income | $1,331 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $52,544 |
| Total Revenue | $89,100 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $20,000 |
| Printing, publications, postage, and shipping | $708 |
| Other expenses | $93,792 |
| Total expenses | $114,500 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $384,739 |
| Other assets | $0 |
| Total assets | $482,730 |
| Total liabilities | $1,724 |
| Net assets or fund balances | $481,006 |
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