Yacht Racing Assoc Of Long Island Sound Inc
- Assets
- $182.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mamaroneck, NY
- Founding
- 03/1942
- Data as of
- 10/2022
- EIN
- 13-5655518
Organization Overview
Yacht Racing Assoc Of Long Island Sound Inc is located in Mamaroneck, NY. The organization was established in 1942. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, 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. Yacht Racing Assoc Of Long Island Sound Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 10/2022, Yacht Racing Assoc Of Long Island Sound Inc generated $111.6k 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 (4.3%) each year. All expenses for the organization totaled $110.5k during the year ending 10/2022. As we would expect to see with falling revenues, expenses have declined by (3.8%) 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
2022
Describe the Organization's Program Activity:
Part 3
PREPARED RACING BOOK. SCHEDULED YACHT RACING SEMINAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia Parthemos President | 10 | $0 | |
Richard West Vice President | 4 | $0 | |
Peter B Becker Vice President | 4 | $0 | |
Park Benjamin III Secretary | 4 | $0 | |
Frederick H Heerde Treasurer | 4 | $0 | |
Robert Mchugh Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $24,190 |
| Membership dues | $87,450 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $111,640 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $38,466 |
| Professional fees and other payments to independent contractors | $8,575 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $63,507 |
| Total expenses | $110,548 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $177,620 |
| Other assets | $0 |
| Total assets | $182,020 |
| Total liabilities | $0 |
| Net assets or fund balances | $182,020 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Union League Of Philadelphia Philadelphia, PA | $166,421,963 | $49,124,019 |
New York Athletic Club New York, NY | $79,824,386 | $36,957,466 |
University Club New York, NY | $61,571,312 | $30,883,399 |
Baltusrol Golf Club Springfield, NJ | $73,541,672 | $26,510,520 |
Country Club Chestnut Hill, MA | $75,043,157 | $30,549,304 |
Winged Foot Golf Club Inc Mamaroneck, NY | $47,661,307 | $23,506,154 |
New York Yacht Club New York, NY | $54,553,348 | $22,663,268 |
Canoe Brook Country Club Summit, NJ | $49,012,793 | $22,669,304 |
Glen Oaks Club Inc Old Westbury, NY | $13,779,705 | $20,068,781 |
Saucon Valley Country Club Bethlehem, PA | $67,852,931 | $24,203,066 |
Sleepy Hollow Country Club Westchester Scarborough, NY | $36,824,085 | $23,136,850 |
Wee Burn Country Club Inc Darien, CT | $32,519,463 | $16,725,850 |