Thousand Island Park Yacht Club Inc
- Assets
- $58.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Wellesley Island, NY
- Founding
- 11/1996
- Data as of
- 12/2021
- EIN
- 16-1467138
Organization Overview
Thousand Island Park Yacht Club Inc is located in Wellesley Island, NY. The organization was established in 1996. According to its NTEE Classification (N67) the organization is classified as: Swimming & Other Water Recreation, 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. Thousand Island Park Yacht Club Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Thousand Island Park Yacht Club Inc generated $48.7k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $35.1k during the year ending 12/2021. While expenses have increased by 10.3% per year over the past 6 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
2021
Describe the Organization's Program Activity:
Part 3
TO ENGAGE YOUNG & OLD IN SAILING AND LEARNING THE TECHNIQUES OF THE SPORT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Baker President | 5 | $0 | |
Jeff Pennington Vice President | 5 | $0 | |
Bethany Valaski Treasurer | 5 | $0 | |
Sarah Mckinley Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,756 |
| Total Program Service Revenue | $17,937 |
| Membership dues | $3,825 |
| Investment income | $0 |
| Gain or Loss | $1,600 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $9,595 |
| Total Revenue | $48,713 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $14,967 |
| Professional fees and other payments to independent contractors | $2,482 |
| Occupancy, rent, utilities, and maintenance | $5,472 |
| Printing, publications, postage, and shipping | $76 |
| Other expenses | $11,816 |
| Total expenses | $35,113 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $25,124 |
| Other assets | $0 |
| Total assets | $58,415 |
| Total liabilities | $72 |
| Net assets or fund balances | $58,343 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Row New York Inc New York, NY | $11,063,352 | $5,131,305 |
New England Sailing Foundation Inc Marblehead, MA | $32,351 | $1,795,441 |
New England Science & Sailing Foundation Inc Stonington, CT | $5,613,617 | $3,618,390 |
Long Island Swimming Garden City, NY | $5,786,299 | $2,981,330 |
Stony Brook Yacht Club Inc Stony Brook, NY | $1,925,542 | $2,144,649 |
Community Boating Inc Boston, MA | $5,688,954 | $2,833,055 |
Hudson River Community Sailing Inc New York, NY | $1,975,748 | $1,753,516 |
Winchester Boat Club Winchester, MA | $5,238,512 | $1,099,002 |
South Jersey Aquatic Club Voorhees, NJ | $176,269 | $1,185,963 |
Saugatuck Harbor Yacht Club Inc Westport, CT | $2,019,925 | $1,016,320 |
West Side Rowing Club Incorporated Of The City Of Buffalo Buffalo, NY | $4,706,391 | $1,097,011 |
Usa Swimming Inc Blue Bell, PA | $1,171,270 | $977,140 |