Keyport Yacht Club Inc

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.

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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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

Peer Organizations

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