West River Yacht Club Incorporated
- Assets
- $845.3k
- Revenue
- $48.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Edgewater, MD
- Founding
- 11/2006
- Data as of
- 12/2022
- EIN
- 20-5612686
Organization Overview
West River Yacht Club Incorporated is located in Edgewater, MD. The organization was established in 2006. 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. West River Yacht Club Incorporated 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, West River Yacht Club Incorporated generated $48.7k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $36.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.2%) per year over the past 8 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
MAINTAIN CLUBHOUSE MEETING FACILITY AND GROUNDS, HOLD SOCIAL EVENTS AND FUNCTIONS SUCH AS OPENING DAY CEREMONY, CRAB FEST, STEAK/OYSTER ROAST AND HOLIDAY PARTY FOR MEMBERS. PROVIDE AND MAINTAIN FACILITIES FOR MEMBER'S BOATS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAINED A DOCK AND 19 SLIPS TO ACCOMMODATE MEMBERS' BOATS FOR PERMANENT DOCKAGE.
MAINTAIN A CLUBHOUSE AND GROUNDS TO PROVIDE MEETING SPACE AND SOCIAL EVENTS FOR 39 MEMBERS AND THEIR GUESTS.
HELD SOCIAL EVENTS, INCLUDING CHANGE OF WATCH CEREMONY, CRAB FEAST AND BULL/OYSTER ROAST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Catlett Commodore | OfficerTrustee | 4 | $0 |
Larry Catlett Fleet Captain | OfficerTrustee | 6 | $0 |
Andy Webber Rear Commodore | OfficerTrustee | 4 | $0 |
Sue Hickman Vice Commodore | OfficerTrustee | 3 | $0 |
Steve Beall Secretary/treasurer | OfficerTrustee | 7 | $0 |
Steve Edwards Immediate Past Commodore | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $26,380 |
| 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 | $26,380 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $22,248 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $48,728 |
| 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. | $4,928 |
| 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 | $868 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,287 |
| Advertising and promotion | $0 |
| Office expenses | $1,070 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,190 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,421 |
| Insurance | $2,274 |
| All other expenses | $1,800 |
| Total functional expenses | $36,838 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,585 |
| Savings and temporary cash investments | $0 |
| 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 | $819,669 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $845,254 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $123,714 |
| Other liabilities | $0 |
| Total liabilities | $123,714 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $35,763 |
| Paid-in or capital surplus, or land, building, or equipment fund | $685,777 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $845,254 |
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