Nanticoke River Yacht Club
- Assets
- $226.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Seaford, DE
- Founding
- 02/1998
- Data as of
- 12/2021
- EIN
- 51-0165265
Organization Overview
Nanticoke River Yacht Club is located in Seaford, DE. The organization was established in 1998. 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. Nanticoke River 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, Nanticoke River Yacht Club generated $26.5k 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 (8.1%) each year. All expenses for the organization totaled $34.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.5%) 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
2021
Describe the Organization's Program Activity:
Part 3
PROVIDE OUR MEMBERS AND THEIR FAMILIES A SUITABLE FACILITY FOR SOCIAL ACTIVITIES AND RECREATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Kraft Vice Commodore | 10 | $0 | |
Matt Nichols Rear Commodore | 10 | $0 | |
Lois Davis Treasurer | 10 | $0 | |
Karen Swartout Secretary | 10 | $0 | |
Dave Smith Asst Treasurer | 5 | $0 | |
Paula Wells Fleet Captain | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,815 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $6 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $15,683 |
| Total Revenue | $26,529 |
| 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 | $350 |
| Occupancy, rent, utilities, and maintenance | $23,859 |
| Printing, publications, postage, and shipping | $96 |
| Other expenses | $9,716 |
| Total expenses | $34,021 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $226,003 |
| Other assets | $0 |
| Total assets | $226,003 |
| Total liabilities | $47,607 |
| Net assets or fund balances | $178,396 |
Peer Organizations
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|---|---|---|
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North Jersey Country Club Inc Wayne, NJ | $12,240,984 | $10,758,532 |
Cedar Hill Golf & Country Club Inc Livingston, NJ | $9,265,709 | $8,374,790 |
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White Beeches Golf And Country Club Haworth, NJ | $11,179,728 | $9,547,172 |
American Philatelic Society Bellefonte, PA | $5,023,195 | $3,137,752 |
Lancaster Country Club Lancaster, PA | $38,766,757 | $8,916,109 |
Burning Tree Club Inc Bethesda, MD | $67,642,850 | $7,903,276 |
Bay Head Yacht Club Bay Head, NJ | $18,965,037 | $7,718,492 |
Country Club Of York York, PA | $13,796,902 | $5,721,703 |