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.
Form
990
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Harry T Rein Treasurer | OfficerTrustee | 3 | $0 |
Christopher L Otorowski Secretary | OfficerTrustee | 3 | $0 |
Belinda J Shepard Vice President | OfficerTrustee | 3 | $0 |
William Mathews Brooks President | OfficerTrustee | 3 | $0 |
Lauretta J Bruno Board Member | Trustee | 3 | $0 |
George A L David Board Member | Trustee | 3 | $0 |
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 |
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. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $61,096 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $34,469 |
Fees for services: Management | $0 |
Fees for services: Legal | $20,379 |
Fees for services: Accounting | $27,712 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $48,732 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $7,599 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $1,321 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $0 |
All other expenses | $450 |
Total functional expenses | $1,251,121 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $5,287,511 |
Savings and temporary cash investments | $1,000 |
Pledges and grants receivable | $759,115 |
Accounts receivable, net | $1,397,543 |
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 | $7,567 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $7,452,736 |
Accounts payable and accrued expenses | $151,899 |
Grants payable | $898,203 |
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 | $0 |
Other liabilities | $0 |
Total liabilities | $1,050,102 |
Net assets without donor restrictions | $5,643,519 |
Net assets with donor restrictions | $759,115 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $7,452,736 |
Over the last fiscal year, we have identified 2 grants that New York Yacht Club Foundation has recieved totaling $3,500.
Awarding Organization | Amount |
---|---|
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 |
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