Crescent Yacht Club

Organization Overview

Crescent Yacht Club is located in Chaumont, NY. The organization was established in 1989. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Crescent Yacht Club employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Crescent Yacht Club 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, Crescent Yacht Club generated $195.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $87.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROMOTE BOATING ON LAKE ONTARIO

Describe the Organization's Program Activity:

Part 3 - Line 4a

ALL EXPENSES ARE RELATED TO THE UPKEEP OF THE CRESCENT YACHT CLUB AND SERVICES PROVIDED TO ITS MEMBERS. THERE ARE APPOXIMATELY 300 MEMBERS WHO HAVE AN INTEREST IN BOATING.


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Board, Officers & Key Employees

Name (title)Compensation
Paul Norton
Director
$0
Reggie Schweitzer
Director
$0
Mark Ahlheim
Director
$0
Scott Strader
Director
$0
Patrick Grady
Director
$0
John Hardy
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$44,725
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$117,104
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$161,829
Total Program Service Revenue$0
Investment income $62
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $16,360
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 $3,465
Miscellaneous Revenue$0
Total Revenue $195,478

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