Poquoson Yacht Club Inc
- Assets
- $439.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Poquoson, VA
- Founding
- 12/1988
- Data as of
- 12/2023
- 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 12/2023, Poquoson Yacht Club Inc generated $110.5k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $88.0k during the year ending 12/2023. While expenses have increased by 0.4% per year over the past 5 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Geiger Commodore | 4 | $0 | |
Tom Bales Vice Commodore | 3 | $0 | |
Richard Corn III Secretary | 2 | $0 | |
David Pine Treasurer | 7 | $0 | |
Vincent Wisniewski Fleet Captain | 2 | $0 | |
Patricia Gillis Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $57,419 |
| Membership dues | $53,669 |
| Investment income | $10 |
| Gain or Loss | -$616 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $110,482 |
| 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 | $16,200 |
| Occupancy, rent, utilities, and maintenance | $48,706 |
| Printing, publications, postage, and shipping | $200 |
| Other expenses | $22,899 |
| Total expenses | $88,005 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $58,501 |
| Other assets | $0 |
| Total assets | $439,741 |
| Total liabilities | $163,687 |
| Net assets or fund balances | $276,054 |