Poquoson Yacht Club Inc
- Assets
- $457.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Poquoson, VA
- Founding
- 12/1988
- Data as of
- 12/2021
- EIN
- 54-1119550
Organization Overview
Poquoson Yacht Club Inc is located in Poquoson, VA. The organization was established in 1988. 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. Poquoson 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 12/2021, Poquoson Yacht Club Inc generated $76.5k 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 (8.6%) each year. All expenses for the organization totaled $93.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.3%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Seitz Second Past Commodore | 2 | $0 | |
James Bales Commodore | 4 | $0 | |
Michael Mitchell Fleet Captain | 3 | $0 | |
Carol Wood First Past Commodore | 2 | $0 | |
Sandy Ward Director At Large | 2 | $0 | |
Fred Aronson Vice Commodore | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $42,276 |
| Membership dues | $41,403 |
| Investment income | $36 |
| Gain or Loss | -$7,528 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $76,498 |
| 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 | $12,525 |
| Occupancy, rent, utilities, and maintenance | $63,018 |
| Printing, publications, postage, and shipping | $1,251 |
| Other expenses | $16,226 |
| Total expenses | $93,020 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $62,673 |
| Other assets | $0 |
| Total assets | $457,935 |
| Total liabilities | $202,902 |
| Net assets or fund balances | $255,033 |
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