Edgartown Yacht Club Foundation Inc
- Assets
- $259.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Edgartown, MA
- Founding
- 10/2015
- Data as of
- 09/2021
- EIN
- 47-4512715
Organization Overview
Edgartown Yacht Club Foundation Inc is located in Edgartown, MA. The organization was established in 2015. According to its NTEE Classification (N11) the organization is classified as: Single Organization Support, 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. Edgartown Yacht Club Foundation Inc 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 09/2021, Edgartown Yacht Club Foundation Inc generated $77.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.8%) each year. All expenses for the organization totaled $2.2k during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (15.5%) 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
DURING 2021, THE FOUNDATION DID NOT PERFORM ANY PROGRAM SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Cox Director | 0.1 | $0 | |
Paul E Mitchell President | 0.1 | $0 | |
William Finn Director | 0.1 | $0 | |
Robert Hoerle Treasurer | 0.1 | $0 | |
Sally Rorer Secretary | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $77,500 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $11 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $77,511 |
| 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 | $2,072 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $29 |
| Other expenses | $50 |
| Total expenses | $2,151 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $224,028 |
| Other assets | $0 |
| Total assets | $259,640 |
| Total liabilities | $0 |
| Net assets or fund balances | $259,640 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Edgartown Yacht Club Foundation Inc has recieved totaling $30,500.
| Awarding Organization | Amount |
|---|---|
Hoerle Foundation New York, NY PURPOSE: CHARITABLE | $20,000 |
Community Foundation Of New Jersey Morristown, NJ PURPOSE: GENERAL SUPPORT | $10,000 |
The Eberstadt-Kuffner Fund Inc New York, NY PURPOSE: GENERAL FUND | $2,500 |
Susan S & Kenneth Wallach Foundation Purchase, NY PURPOSE: GENERAL PURPOSE | $500 |
The Eberstadt-Kuffner Fund Inc New York, NY PURPOSE: GENERAL FUND | -$2,500 |
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|---|---|---|
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Tr Park Place Corp Hartford, CT | $326,580 | $4,534,377 |
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Green Mountain Club Inc Waterbury Center, VT | $15,141,741 | $4,420,217 |
National Rowing Foundation Inc Melrose, MA | $8,809,391 | $2,225,088 |
Mary A Cunningham Trust Milton, MA | $13,931,409 | $2,252,431 |
United States Sailing Foundaton Bristol, RI | $2,170,181 | $586,414 |
Untermyer Gardens Conservancy Yonkers, NY | $2,212,891 | $1,837,409 |
Camp Dudley Foundation Inc Westport, NY | $16,516,671 | $1,683,317 |
Beaverdale Memorial Park Inc New Haven, CT | $1,525,229 | $1,030,865 |
Van Cortlandt Park Alliance Inc Bronx, NY | $375,569 | $748,770 |