Ocean Beach And Yacht Club Unit No 2

Organization Overview

Ocean Beach And Yacht Club Unit No 2 is located in Lavallette, NJ. The organization was established in 1952. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Ocean Beach And Yacht Club Unit No 2 employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ocean Beach And Yacht Club Unit No 2 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, Ocean Beach And Yacht Club Unit No 2 generated $497.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $447.4k during the year ending 12/2021. While expenses have increased by 3.5% 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

OPERATION OF CLUB'S BEACHES AND CLUBHOUSE; ENFORCEMENT OF DEED AND BUILDING RESTRICTIONS

Describe the Organization's Program Activity:

Part 3 - Line 4a

CONDUCTED CLUB OPERATIONS FOR 488 MEMBERS, ENSURED SAFETY OF BATHERS ENFORCED DEED AND BUILDING RESTRICTIONS BY LEGAL ACTION


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Board, Officers & Key Employees

Name (title)Compensation
Evan Murray
Director
$0
Charlotte Flohl
Secty
$0
Shane Skwarek
Director
$0
Eileen Barron
President
$0
Terry Bouziotis
Treasurer
$0
Steven Mangieri
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$458,331
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$458,331
Total Program Service Revenue$38,995
Investment income $113
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 $0
Miscellaneous Revenue$0
Total Revenue $497,439

Peer Organizations

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