Bay Head Yacht Club Welfare Fund
- Assets
- $3.3m
- Revenue
- $181.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Bay Head, NJ
- Founding
- 05/1951
- Data as of
- 06/2022
- EIN
- 21-6015512
Organization Overview
Bay Head Yacht Club Welfare Fund is located in Bay Head, NJ. The organization was established in 1951. According to its NTEE Classification (M20) the organization is classified as: Disaster Preparedness & Relief Services, under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bay Head Yacht Club Welfare Fund 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 06/2022, Bay Head Yacht Club Welfare Fund generated $181.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $205.1k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FINANCIAL ASSISTANCE TO EMPLOYEES & COMMUNITY MEMBERS WHO MAY BE EXPERIENCING FINANCIAL HARDSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE EDUCATIONAL ASSISTANCE TO INDIVIDUALS IN NEED.
TO PROVIDE MEDICAL ASSISTANCE TO INDIVIDUALS IN NEED AS WELL AS DONATIONS TO LOCAL HOSPITALS, FIRST AID SQUAD AND FOOD PANTRY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Rogers Chair | OfficerTrustee | 1 | $0 |
Natalie Dougherty Chair Elect | OfficerTrustee | 1 | $0 |
Rich Raffetto Treasurer | OfficerTrustee | 1 | $0 |
Betsy Hawkings Secretary | OfficerTrustee | 1 | $0 |
Bonnie Hurley Director | Trustee | 2 | $0 |
Kate Lindsay Kerr Director | Trustee | 2 | $0 |
Financial Statements
| 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 | $94,145 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $94,145 |
| Total Program Service Revenue | $0 |
| Investment income | $61,238 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $21,468 |
| Net Income from Fundraising Events | $4,458 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $181,309 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50,000 |
| Grants and other assistance to domestic individuals. | $135,550 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,808 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $625 |
| Total functional expenses | $205,083 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,931 |
| Savings and temporary cash investments | $30,778 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,197,498 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,255,207 |
| Accounts payable and accrued expenses | $4,000 |
| 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 | $0 |
| Total liabilities | $4,000 |
| Net assets without donor restrictions | $3,052,087 |
| Net assets with donor restrictions | $199,120 |
| 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 | $3,255,207 |
Grants Awarded
Over the last fiscal year, Bay Head Yacht Club Welfare Fund has awarded $80,000 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
Mantoloking, NJ PURPOSE: GENERAL OPERATING | $5,000 |
Bay Head, NJ PURPOSE: GENERAL OPERATING | $5,000 |
Mantoloking, NJ PURPOSE: GENERAL OPERATING | $5,000 |
Bay Head, NJ PURPOSE: GENERAL OPERATING | $5,000 |
Pt Pleasant Beach, NJ PURPOSE: GENERAL OPERATING | $5,000 |
Edison, NJ PURPOSE: GENERAL OPERATING | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bay Head Yacht Club Welfare Fund has recieved totaling $13,600.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of New Jersey Morristown, NJ PURPOSE: GENERAL SUPPORT | $13,600 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Breast Cancer Research Foundation Inc New York, NY | $129,940,554 | $84,528,969 |
Icna Relief Usa Programs Inc New Hyde Park, NY | $18,153,068 | $43,044,954 |
New York Disaster Interfaith Services Inc New York, NY | $1,215,905 | $3,973,628 |
New Jersey Emergency Medical Services Task Force Support Group Neptune, NJ | $1,607,746 | $6,008,506 |
Northwest Emergency Medical Services Inc Elizabethtown, PA | $7,341,931 | $4,423,978 |
The Cantor Fitzgerald Relief Fund New York, NY | $15,461,041 | $7,931,714 |
Order Of Malta Worldwide Relief Malteser International Americas New York, NY | $6,306,407 | $9,070,949 |
Foot Locker Foundation Inc New York, NY | $2,631,002 | $5,090,961 |
Hatzolah Emergency Medical Services Inc Lakewood, NJ | $8,708,564 | $5,878,916 |
Haiti Air Ambulance Service Inc Melville, NY | $5,771,221 | $4,102,528 |
Hatzalah Of The Rockaways & Nassau County Inc Far Rockaway, NY | $8,706,144 | $4,943,822 |
Tuesdays Children Manhasset, NY | $2,126,606 | $3,255,466 |