Newburgh Yacht Club
- Assets
- $1.4m
- Revenue
- $330.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Newburgh, NY
- Founding
- 03/2000
- Data as of
- 12/2021
- EIN
- 14-1561758
Organization Overview
Newburgh Yacht Club is located in Newburgh, NY. The organization was established in 2000. 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. Newburgh Yacht Club 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 12/2021, Newburgh Yacht Club generated $330.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $320.0k during the year ending 12/2021. While expenses have increased by 3.3% 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
PROVIDING BOATING APPRECIATION AND SAFETY
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE RECREATIONAL ACTIVITIES FOR ITS MEMBERS AND PROMOTE PUBLIC AWARENESS FOR BOATING APPRECIATION AND SAFETY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Galli Purser | Trustee | 4 | $0 |
John Disciglio Commodore | Trustee | 4 | $0 |
Chris Carfora Vice Commodore | Trustee | 4 | $0 |
Stephen Rockafellow Treasurer | Trustee | 4 | $0 |
Stuart Keeler Secretary | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $242,822 |
| 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 | $242,822 |
| Total Program Service Revenue | $0 |
| Investment income | $22 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $33,667 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $20,528 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $33,002 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $330,041 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $786 |
| Office expenses | $11,253 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $176,940 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $21,320 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $49,965 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $320,002 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,524 |
| Savings and temporary cash investments | $213,482 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,102,233 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $975 |
| Other assets | $0 |
| Total assets | $1,371,214 |
| Accounts payable and accrued expenses | $0 |
| 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 | $401,800 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,000 |
| Total liabilities | $407,800 |
| Net assets without donor restrictions | $963,414 |
| 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 | $1,371,214 |
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