Inner Harbor Yacht Club Inc
- Assets
- $332.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Tonawanda, NY
- Founding
- 06/1965
- Data as of
- 02/2024
- EIN
- 16-0902451
Organization Overview
Inner Harbor Yacht Club Inc is located in Tonawanda, NY. The organization was established in 1965. 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. Inner Harbor 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 02/2024, Inner Harbor Yacht Club Inc generated $114.8k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $86.7k during the year ending 02/2024. While expenses have increased by 5.7% per year over the past 9 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
VARIOUS SOCIAL FUNCTIONS FOR MEMBERS INCLUDING FLAG RAISING AND LOWERING CEREMONIES, LADIES AUXILIARY, AND OTHER EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelly Brown Director | 5 | $0 | |
Christopher Carey Director | 5 | $0 | |
Nicholas Battistella Director | 5 | $0 | |
Daniel Collins Director | 5 | $0 | |
Neil Durfey Director | 5 | $0 | |
Jeremy Schmitt Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,117 |
| Total Program Service Revenue | $1,426 |
| Membership dues | $36,585 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $179 |
| Total Revenue | $114,798 |
| 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 | $60,655 |
| Printing, publications, postage, and shipping | $3,168 |
| Other expenses | $22,876 |
| Total expenses | $86,699 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $65,298 |
| Other assets | $0 |
| Total assets | $332,127 |
| Total liabilities | $46,699 |
| Net assets or fund balances | $285,428 |