Newport Yacht Club Endowment Fund
- Assets
- $155.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Newport, RI
- Founding
- 10/2003
- Data as of
- 12/2021
- EIN
- 58-2674114
Organization Overview
Newport Yacht Club Endowment Fund is located in Newport, RI. The organization was established in 2003. According to its NTEE Classification (J30) the organization is classified as: Vocational Rehabilitation, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Newport Yacht Club Endowment Fund 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 12/2021, Newport Yacht Club Endowment Fund generated $10.6k 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 (11.5%) each year. All expenses for the organization totaled $3.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (14.6%) per year over the past 6 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
JUNIOR SAILING PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wm Loeseke Or C Peter Jencks Treasurer | 1 | $0 | |
Jody Sullivan Secretary | 1 | $0 | |
Andrew Ellis Member | 1 | $0 | |
Glenn Bradford Member | 1 | $0 | |
Jeffrey Staats Vice President | 1 | $0 | |
Robert Nagle Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,875 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $5,237 |
| Gain or Loss | $1,966 |
| Net Income from Gaming & Fundraising | $480 |
| Other Revenue | $0 |
| Total Revenue | $10,558 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $844 |
| Total expenses | $3,394 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $155,424 |
| Other assets | $0 |
| Total assets | $155,424 |
| Total liabilities | $0 |
| Net assets or fund balances | $155,424 |
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