Rockhall Yacht Club Inc
- Assets
- $270.4k
- Revenue
- $231.6k
- Investments
- $0.0
- Employees
- 7
- Location
- Rock Hall, MD
- Founding
- 04/1989
- Data as of
- 10/2022
- EIN
- 52-1489913
Organization Overview
Rockhall Yacht Club Inc is located in Rock Hall, MD. The organization was established in 1989. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 10/2022, Rockhall Yacht Club Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rockhall 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 10/2022, Rockhall Yacht Club Inc generated $231.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $260.7k during the year ending 10/2022. While expenses have increased by 6.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ESTABLISHED IN 1937, THE ROCK HALL YACHT CLUB, RHYC, ON THE CHESAPEAKE BAY'S EASTERN SHORE HAS A RICH HISTORY OF CONVIVIALITY AND VOLUNTEER TEAMWORK. THE CLUB'S MEMBERSHIP IS COMPOSED OF PERSONS FROM ALL WALKS OF LIFE. THE MAIN GOAL OF THE CLUB IS TO PROMOTE A SENSE OF COMMUNITY AND ENJOYMENT IN, ON, AND AROUND THE WATER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ESTABLISHED IN 1937, THE ROCK HALL YACHT CLUB, RHYC, ON THE CHESAPEAKE BAY'S EASTERN SHORE HAS A RICH HISTORY OF CONVIVIALITY AND VOLUNTEER TEAMWORK. THE CLUB'S MEMBERSHIP IS COMPOSED OF PERSONS FROM ALL WALKS OF LIFE. THE MAIN GOAL OF THE CLUB IS TO PROMOTE A SENSE OF COMMUNITY AND ENJOYMENT IN, ON, AND AROUND THE WATER.
ESTABLISHED IN 1937, THE ROCK HALL YACHT CLUB, RHYC, ON THE CHESAPEAKE BAY'S EASTERN SHORE HAS A RICH HISTORY OF CONVIVIALITY AND VOLUNTEER TEAMWORK. THE CLUB'S MEMBERSHIP IS COMPOSED OF PERSONS FROM ALL WALKS OF LIFE. THE MAIN GOAL OF THE CLUB IS TO PROMOTE A SENSE OF COMMUNITY AND ENJOYMENT IN, ON, AND AROUND THE WATER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Faulkner Secretary | Trustee | $0 | |
Beth Dunn President | Trustee | $0 | |
Patricia Kramer Treasurer | Trustee | $0 | |
Tony Wisnieski Vice Preside | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $129 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $129 |
| Total Program Service Revenue | $171,160 |
| Investment income | $105 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,809 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $58,418 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $231,621 |
| 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 | $74,327 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,366 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,055 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $43,804 |
| Advertising and promotion | $2,934 |
| Office expenses | $754 |
| Information technology | $922 |
| Royalties | $0 |
| Occupancy | $62,446 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $14,490 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $32,002 |
| Insurance | $9,729 |
| All other expenses | $0 |
| Total functional expenses | $260,702 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $128,601 |
| 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 | $2,783 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $132,269 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $6,780 |
| Other assets | $0 |
| Total assets | $270,433 |
| 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 | $336,413 |
| Total liabilities | $336,413 |
| Net assets without donor restrictions | -$65,980 |
| 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 | $270,433 |
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