Triangle Yacht Club Inc
- Assets
- $24.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Greenport, NY
- Founding
- 02/1973
- Data as of
- 12/2022
- EIN
- 23-7219920
Organization Overview
Triangle Yacht Club Inc is located in Greenport, NY. The organization was established in 1973. 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. Triangle Yacht Club Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2022, Triangle Yacht Club Inc generated $25.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.1%) each year. All expenses for the organization totaled $29.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.5%) per year over the past 7 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
2022
Describe the Organization's Program Activity:
Part 3
TOFOSTERFRATERNALANDSOCIALACTIVITIESAMONGCLUBMEMBERSSHARINGACOMMONINTERESTINBOATING.REVENUESAREGENERATEDTHROUGHMEMBERDUESANDSALESOFBEVERAGESTOCLUBMEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Klinge Commodore | 15 | $0 | |
Gary Harte Treasurer | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $7,275 |
| Investment income | $1 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $25,401 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $400 |
| Occupancy, rent, utilities, and maintenance | $26,487 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $2,615 |
| Total expenses | $29,502 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $24,890 |
| Other assets | $0 |
| Total assets | $24,890 |
| Total liabilities | $0 |
| Net assets or fund balances | $24,890 |
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