Wissinoming Yacht Club
- Assets
- $125.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 07/1945
- Data as of
- 12/2021
- EIN
- 23-1227614
Organization Overview
Wissinoming Yacht Club is located in Philadelphia, PA. The organization was established in 1945. 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. Wissinoming 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 12/2021, Wissinoming Yacht Club generated $65.8k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $54.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
PROVIDE OFFICE SPACE AND CLASSROOM SPACE FOR THE U S COAST GUARD AUXILIARY TO TEACH BOATING SAFETY TO THE PUBLIC
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Russ Hunt Vice Commodore | 30 | $0 | |
Joe Kerrigan Rear Commodore | 25 | $0 | |
Paul Schwartz Commodore | 40 | $0 | |
John Caleese Board Member | 25 | $0 | |
Thomas Conway Board Member | 25 | $0 | |
Robert Somers Board Member | 25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $11,078 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $2,404 |
| Total Revenue | $65,811 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $5,688 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $5,531 |
| Occupancy, rent, utilities, and maintenance | $36,152 |
| Printing, publications, postage, and shipping | $2,542 |
| Other expenses | $4,102 |
| Total expenses | $54,015 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $50,699 |
| Other assets | $0 |
| Total assets | $125,101 |
| Total liabilities | $0 |
| Net assets or fund balances | $125,101 |
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