Genesee Yacht Club Inc is located in Rochester, NY. The organization was established in 1958. 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. Genesee 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 12/2021, Genesee Yacht Club Inc generated $144.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $125.8k during the year ending 12/2021. 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
DURING THE 2021 SAILING SEASON, THE GYC RETURNED TO CLOSE-TO-NORMAL OPERATION WHILE STILL WORKING WITHIN CDC AND NY STATE GUIDELINES AND RESTRICTIONS DUE TO COVID-19. BOAT LAUNCHES WERE ON TIME AND PROCEEDED WITHIN COVID-19 REGULATIONS. THE GENESEE YACHT CLUB RAN A FULL RACING SCHEDULE WITH TUESDAY EVENING AND SATURDAY RACES, WITH 34 DAYS OF RACING BETWEEN MAY 25 AND OCTOBER 2, 2021. IN ADDITION, THE GYC HOSTED THE ANNUAL OFF SHORE LONG DISTANCE SCOTCH BONNET LIGHT RACE, WOMEN'S SKIPPERS INVITATIONAL REGATTA, AND CHARITY BENEFIT HOSPICE REGATTA. THE GYC AND ITS MEMBERS ALSO PARTICIPATED IN THE LAKE YACHT RACING ASSOCIATION AND SODUS BAY YACHT CLUB REGATTAS. THE RACING SCHEDULE INCLUDED MULTIPLE DIVISIONS FOR COMPETITIVE SPINNAKER BOATS, NON-SPINNAKER BOATS, AND BEGINNER TRAINING RACES. WHILE SOCIAL GATHERINGS, PICNICS, POST-RACE PARTIES, AND SIMILAR ACTIVITIES, WERE SOMEWHAT CONSTRAINED DUE TO THE COVID-19 RESTRICTIONS ON UNNECESSARY SOCIAL GATHERINGS, THE GYC DID HOST SEVERAL OUTDOOR EVENTS IN COMPLIANCE WITH THESE RULES. ALL BUSINESS MEETINGS HAVE BEEN CONDUCTED EITHER OUTDOORS OR REMOTELY SINCE MARCH 2020. THE CLUB REMAINED OPEN FOR OVERNIGHT DOCKAGE FOR VISITORS FROM OTHER SAILING CLUBS AROUND LAKE ONTARIO, HOWEVER, INDOOR FACILITIES WERE VERY CONSTRAINED, OTHER THAN USE OF THE BATHROOMS. IT WAS A GOOD SEASON AS THE ORGANIZATION WORKED TO RETURN TO A SEMBLANCE OF NORMALCY WHILE STAYING WITHIN HEALTH GUIDELINES. THE GENESEE YACHT CLUB, USING MEMBER VOLUNTEERS FOR MAINTENANCE AND ALL MARINA-LIKE OPERATIONS, PROVIDES DOCKAGE FOR 47 MEMBER'S SAILBOATS, AND WINTER STORAGE FOR APPROXIMATELY 60 MEMBER'S SAILBOATS, AND LAUNCHES AND HAULS THOSE BOATS. FACILITIES FOR STEPPING MASTS ARE OPERATED BY VOLUNTEER MEMBERS. THE CLUB RUNS SOCIAL ACTIVITIES YEAR ROUND FOR MEMBERS AND GUESTS, AS WELL AS HOSTING NAVIGATION AND SEAMANSHIP COURSES. THESE ACTIVITIES WERE REDUCED SOMEWHAT DURING 2021 DUE TO COVID RESTRICTIONS, HOWEVER, AT LEAST A FEW SOCIAL EVENTS WERE HELD AS WELL A A NY STATE SAFE BOATING COURSE. ALL EVENTS AND ACTIVITIES ARE RUN USING ONLY MEMBER VOLUNTEERS, THERE ARE NO EMPLOYEES OR STAFF.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
John Cake Member (through 11/21) | 1 | $0 | |
Linda Barton Treasurer/ Vice Commodore | 4 | $0 | |
Gerard Fisher Vice Commodore/commodore | 4 | $0 | |
Matt Sanderson Rear Commodore | 4 | $0 | |
Emy Casper Secretary | 2 | $0 | |
Bill Towner Member | 1 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $88,326 |
Membership dues | $53,585 |
Investment income | $501 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $1,497 |
Total Revenue | $144,281 |
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 | $56,405 |
Printing, publications, postage, and shipping | $662 |
Other expenses | $68,753 |
Total expenses | $125,820 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $252,315 |
Other assets | $0 |
Total assets | $490,236 |
Total liabilities | $22 |
Net assets or fund balances | $490,214 |
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