Keyport Yacht Club Inc
- Assets
- $1.3m
- Revenue
- $607.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Keyport, NJ
- Founding
- 01/1943
- Data as of
- 12/2021
- EIN
- 21-0490982
Organization Overview
Keyport Yacht Club Inc is located in Keyport, NJ. The organization was established in 1943. 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. Keyport 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, Keyport Yacht Club Inc generated $607.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $522.6k during the year ending 12/2021. While expenses have increased by 4.0% 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
YACHT CLUB SERVING 240 MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAUNCH & ANCHORAGE SERVICES-MAINTAIN MOORING RECORDS AND PROVIDE LAUNCH SERVICES TO MEMBERS
SAILBOAT RACING-MANAGE SAILBOAT RACES FOR MEMBERS AND GUESTS AND ENCOURAGE BOATING ACTIVITIES AND EDUCATION
EVENTS-CONDUCT SOCIAL AND EDUCATIONAL ACTIVITIES FOR MEMBERS AND GUESTS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Delaney Measurer | Officer | 0 | $0 |
John Keegan Past Commadore | Officer | 0 | $0 |
Robert Rupinski Commodore | Officer | 0 | $0 |
Sherry Dietz Vice Commodore | Officer | 0 | $0 |
Steve Finchbaugh Fleet Captain | Officer | 0 | $0 |
Ann Quinn Secretary | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $325,767 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,940 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $339,707 |
| Total Program Service Revenue | $192,720 |
| Investment income | $583 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $74,740 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $607,750 |
| 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 | $142,894 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $19,627 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $7,126 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $124,090 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,869 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $41,137 |
| All other expenses | $16,422 |
| Total functional expenses | $522,607 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,631 |
| Savings and temporary cash investments | $395,660 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $46,607 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $18,540 |
| Prepaid expenses and deferred charges | $22,385 |
| Net Land, buildings, and equipment | $780,819 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,295,642 |
| Accounts payable and accrued expenses | $5,591 |
| 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 | $0 |
| Other liabilities | $5,960 |
| Total liabilities | $11,551 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $152,375 |
| Paid-in or capital surplus, or land, building, or equipment fund | $413,938 |
| Retained earnings, endowment, accumulated income, or other funds | $717,778 |
| Total liabilities and net assets/fund balances | $1,295,642 |
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