New York Yacht Club Foundation

Organization Overview

New York Yacht Club Foundation is located in New York, NY. The organization was established in 2007. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New York Yacht Club Foundation 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, New York Yacht Club Foundation generated $2.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.9% each year . All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 25.7% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

MAINTAIN, RESTORE & PRESERVE THE EXTERIOR OF THE HISTORICALLY SIGNIFICANT BUILDINGS

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO RECONSTRUCT AND SUPPORT EXTERIOR OF GREENHOUSE AT 5 HALIDON AVENUE IN NEWPORT, RHODE ISLAND. RENOVATION OF THE FACADES OF THE CLUB'S HISTORIC BUILDINGS.


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Board, Officers & Key Employees

Name (title)Compensation
Harry T Rein
Treasurer
$0
Christopher L Otorowski
Secretary
$0
Belinda J Shepard
Vice President
$0
William Mathews Brooks
President
$0
Lauretta J Bruno
Board Member
$0
George A L David
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$2,907,656
Noncash contributions included in lines 1a–1f $1,509,201
Total Revenue from Contributions, Gifts, Grants & Similar$2,907,656
Total Program Service Revenue$0
Investment income $5
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $91
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,907,752

Grants Recieved

Over the last fiscal year, we have identified 2 grants that New York Yacht Club Foundation has recieved totaling $3,500.

Awarding OrganizationAmount
The Robert L James And Anne K James Foundation

Albany, NY

PURPOSE: GENERAL CHARITABLE PURPOSES

$2,000
De La Cour Family Foundation

Glen Cove, NY

PURPOSE: TO HELP FUND THE RECIPIENTS OPERATING BUDGET

$1,500
View Grant Recipient Profile

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