Brant Beach Yacht Club
- Assets
- $3.2m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 59
- Location
- Ship Bottom, NJ
- Founding
- 08/1953
- Data as of
- 10/2023
- EIN
- 22-0650122
Organization Overview
Brant Beach Yacht Club is located in Ship Bottom, NJ. The organization was established in 1953. 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 10/2023, Brant Beach Yacht Club employed 59 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brant Beach 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 10/2023, Brant Beach Yacht Club generated $1.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $1.4m during the year ending 10/2023. While expenses have increased by 8.1% per year over the past 6 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
TO PROVIDE MEMBERS WITH THE FACILITIES TO PURSUE YACHTING AND OTHER WATER SPORTS AND TO PROMOTE YACHTING THROUGH VARIOUS SOCIAL AND EDUCATIONAL ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TAX EXEMPT CLUB ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Horowitz Commodore | OfficerTrustee | 3 | $0 |
Frank Barbato Vice Commodore | OfficerTrustee | 3 | $0 |
James Stahl Rear Commodore | OfficerTrustee | 3 | $0 |
Christine Gallagher Secretary | OfficerTrustee | 3 | $0 |
Richard Devaney Treasurer | OfficerTrustee | 3 | $0 |
Rick Metz Trustee | Trustee | 3 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $730,004 |
| Investment income | $63,095 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $322,825 |
| 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 | $705,438 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,821,362 |
| 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 | $498,945 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $65,239 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,028 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $40,213 |
| Advertising and promotion | $0 |
| Office expenses | $62,999 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $79,454 |
| 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 | $111,370 |
| Insurance | $136,116 |
| All other expenses | $44,041 |
| Total functional expenses | $1,436,412 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,968,635 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,760 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $16,533 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,195,313 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,191,241 |
| Accounts payable and accrued expenses | $13,163 |
| Grants payable | $0 |
| Deferred revenue | $119,915 |
| 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 | $133,078 |
| Net assets without donor restrictions | $3,058,163 |
| 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 | $3,191,241 |