Atlantic Highlands Yacht Club
- Assets
- $159.9k
- Revenue
- $550.4k
- Investments
- $0.0
- Employees
- 28
- Location
- Atlantic Highlands, NJ
- Founding
- 10/1956
- Data as of
- 12/2023
- EIN
- 21-0663283
Organization Overview
Atlantic Highlands Yacht Club is located in Atlantic Highlands, NJ. The organization was established in 1956. 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 12/2023, Atlantic Highlands Yacht Club employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Atlantic Highlands Yacht Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2023, Atlantic Highlands Yacht Club generated $550.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $585.3k during the year ending 12/2023. While expenses have increased by 4.1% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
ALL INCOME IS USED FOR THE PLEASURE AND RECREATIONAL BENEFIT OF ITS MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO BENEFIT THE MEMBERS OF THE ORGANIZATION
TO BENEFIT THE MEMBERS OF THE ORGANIZATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Allsman Past Commodo | Officer | $0 | |
Jack Flannery Rear Commodo | Officer | $0 | |
Elaine Hayden Secretary | Officer | $0 | |
Susan J Hillers Treasurer | Officer | $0 | |
Lou Melillo Commodore | Officer | $0 | |
Helen Parker Correspondin | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $140,497 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,681 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $150,178 |
| Total Program Service Revenue | $130,777 |
| Investment income | $510 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $3,132 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $63,965 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $550,401 |
| 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 | $195,465 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $33,984 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $90 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,021 |
| Advertising and promotion | $350 |
| Office expenses | $9,144 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $119,847 |
| Travel | $3,974 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,969 |
| Insurance | $30,330 |
| All other expenses | $15,236 |
| Total functional expenses | $585,344 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,316 |
| Savings and temporary cash investments | $97,488 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,176 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,802 |
| Prepaid expenses and deferred charges | -$7,136 |
| Net Land, buildings, and equipment | $16,236 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $159,882 |
| Accounts payable and accrued expenses | $7,702 |
| 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 | $3,339 |
| Total liabilities | $11,041 |
| Net assets without donor restrictions | $148,841 |
| Net assets with donor restrictions | $0 |
| 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 | $159,882 |