Eastport Yacht Club Foundation Inc
- Assets
- $172.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Annapolis, MD
- Founding
- 04/2000
- Data as of
- 12/2023
- EIN
- 52-2156104
Organization Overview
Eastport Yacht Club Foundation Inc is located in Annapolis, MD. The organization was established in 2000. According to its NTEE Classification (N20) the organization is classified as: Camps, 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. Eastport 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 12/2023, Eastport Yacht Club Foundation Inc generated $102.9k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $97.0k during the year ending 12/2023. While expenses have increased by 12.7% per year over the past 9 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE EDUCATION OF MARITIME-ECOLOGY AND BOATING TO YOUTH AND YOUNG ADULTS.
Describe the Organization's Program Activity:
Part 3
SAILING AND BOATING THRU STEM IS THE FOUNDATION'S PROGRAM FOR ELEMENTARY STUDENTS, DESIGNED TO HELP 5TH GRADERS UNDERSTAND THE CONNECTION BETWEEN THEIR CLASSROOM LEARNING, THEIR LOCAL ENVIRONMENT, FUTURE CAREER OPTIONS AND THEIR CIVIC RESPONSIBILITIES AS STEWARDS OF CHESAPEAKE BAY. "CLASS" MODULES INCLUDE MECHANICAL ADVANTAGE, TIDES AND CURRENTS, NAVIGATION WIND, WATER ECOLOGY AND INVASIVE SPECIES AND ON THE WATER OBSERVATION AND INTEGRATION OF ON-THE-LAND LEARNING EXERCISES.
MARITIME CAREER AWARENESS - CAREER FAIR. COMPLETING ITS 9TH YEAR IN 2018, THE CAREER FAIR BRINGS TOGETHER REPRESENTATIVES OF LOCAL AND NATIONAL MARINE AND MARITIME TRADES EMPLOYERS, EDUCATORS AND OTHERS WITH 6TH THROUGH 12TH GRADERS IN ANNE ARUNDEL COUNTY, FROM OTHER MARYLAND COUNTIES AND FROM VIRGINIA, THE DISTRICT OF COLUMBIA AND DELAWARE. STUDENTS HAVE THE OPPORTUNITY TO SPEAK WITH THE MEN, WOMEN AND STUDENT PEERS WHO CAN SHARE FIRST-HAND INFORMATION AND EXPERIENCE ON CAREER PATHS THAT SPAN APPRENTICESHIP, TECHNICAL TRAINING AND COLLEGE DEGREES. STUDENTS ALSO ATTEND SPEAKER SESSIONS WITH MENTORS FROM A VARIETY OF STEM CAREERS AND THE MARINE AND MARITIME TRADES.
MARINE & MARITIME SCHOLARSHIP IS A PROGRAM WHICH PROVIDES TUITION SCHOLARSHIPS OF $1,000-$2,000 PER ACADEMIC YEAR FOR HIGH SCHOOL GRADUATES SEEKING TO FURTHER THEIR EDUCATION IN THE MARINE AND MARITIME FIELDS. SCHOLARSHIP RECIPIENTS INCLUDE STUDENTS JUST OUT OF HIGH SCHOOL AS WELL AS OLDER STUDENTS SEEKING TO FURTHER THEIR CAREERS. STUDENTS ATTEND TRADE-ORIENTED SCHOOLS AS WELL AS FOUR-YEAR LEARNING INSTITUTIONS AND COME FROM THE CHESAPEAKE BAY REGION AND BEYOND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thornell Jones Director | 0 | $0 | |
Sarah Trees Treasurer | 0 | $0 | |
Lauren Mahoney Secretary | 0 | $0 | |
Wendy Madden Vice-Chair | 0 | $0 | |
Carroll Mcgillin Director | 0 | $0 | |
Becky Ranzenbach Chair | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $75,908 |
| Total Program Service Revenue | $3,989 |
| Membership dues | $0 |
| Investment income | $993 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $22,046 |
| Other Revenue | $0 |
| Total Revenue | $102,936 |
| 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 | $1,700 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $95,269 |
| Total expenses | $96,969 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $172,819 |
| Other assets | $0 |
| Total assets | $172,819 |
| Total liabilities | $0 |
| Net assets or fund balances | $172,819 |