Riverside Yacht Club
- Assets
- $531.2k
- Revenue
- $48.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Essington, PA
- Founding
- Data as of
- 12/2020
- EIN
- 47-1293317
Organization Overview
Riverside Yacht Club is located in Essington, PA. Riverside Yacht Club is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2020, Riverside Yacht Club generated $48.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (4.5%) each year. All expenses for the organization totaled $53.6k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (6.2%) per year over the past 5 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
RIVERSDSIDE YACHT CLUB INC IS A MEMBERSHIP ORGANIZATION WHOSE MAIN PURPOSE IS TO PROMOTE RECREATIONAL BOATING ON THE DELAWARE RIVER. BOATING SAFETY AND SEAMENSHIP ARE CORNERSTONES OF THE ACTIVITY AS WELL AS GOOD WILL AMOUNG THE MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
RECOGNITION OF ACCOMPLISHMENTS FOR ELECTED MEMBERS, FLAGS AND SUPPLIES FOR NEW OFFICERS, BEREAVMENT NOTICES FOR MEMBERS IN DISTRESS AND GENERAL MEMBERS CORRESPONDENCE CONCERNING BETTER BOATING MATTERS
FOOD AND BEVERAGE PROVIDED FOR MEMBER MEETINGS AND GATHERINGS AS WELL AS NEW OFFICER SWEARING IN CEREMONY
RIVERSDSIDE YACHT CLUB INC IS A MEMBERSHIP ORGANIZATION WHOSE MAIN PURPOSE IS TO PROMOTE RECREATIONAL BOATING ON THE DELAWARE RIVER. BOATING SAFETY AND SEAMENSHIP ARE CORNERSTONES OF THE ACTIVITY AS WELL AS GOOD WILL AMOUNG THE MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Denning President | OfficerTrustee | $0 | |
Thomas Caeboni Harbor Maste | Officer | $0 | |
John Daino Board Member | Officer | $0 | |
Rodney Lynch Board Member | Officer | $0 | |
David Klinger Board Member | Officer | $0 | |
Steven Perakis Board Member | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $11,025 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,291 |
| 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 | $12,316 |
| Total Program Service Revenue | $21,824 |
| Investment income | $16 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $14,404 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $48,560 |
| 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 | $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 | $810 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,287 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,614 |
| 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 | $2,212 |
| Insurance | $13,527 |
| All other expenses | $0 |
| Total functional expenses | $53,636 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,549 |
| Savings and temporary cash investments | $0 |
| 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 | $3,834 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $508,847 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $531,230 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $531,230 |
| 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 | $531,230 |
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