St Thomas Yacht Club Foundation
- Assets
- $126.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- St Thomas, VI
- Founding
- Data as of
- 12/2022
- EIN
- 66-0944688
Organization Overview
St Thomas Yacht Club Foundation is located in St Thomas, VI. 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. St Thomas Yacht Club Foundation 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 12/2022, St Thomas Yacht Club Foundation generated $158.2k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 49.5% each year . All expenses for the organization totaled $63.6k during the year ending 12/2022. While expenses have increased by 12.4% per year over the past 2 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
2022
Describe the Organization's Program Activity:
Part 3
THE SUPPORT OF THE SPORT OF SAILING, COURTS SPORTS AND COMMUNITY PROGRAMS SUPPORTING THESE ACTIVITIES, AS WELL AS THE IMPROVEMENTS AND MAINTENANCE OF THE ST THOMAS YACHT CLUB FACILITIES AND THE PRESERVATION OF ITS HISTORY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Gordon Coffelt President | 0 | $0 | |
William Newbold Secretary | 0 | $0 | |
John Foster Director | 0 | $0 | |
Richard Hunter Director | 0 | $0 | |
Brenda Bernstein Director | 0 | $0 | |
Christian Rosenberg Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $160,375 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$2,170 |
| Other Revenue | $0 |
| Total Revenue | $158,205 |
| 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 | $6,365 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $3,010 |
| Total expenses | $63,623 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $126,901 |
| Other assets | $0 |
| Total assets | $126,901 |
| Total liabilities | $0 |
| Net assets or fund balances | $126,901 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that St Thomas Yacht Club Foundation has recieved totaling $10.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $10 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Usvi Soccer Federation Inc Kingshill, VI | $4,443,277 | $2,259,905 |
Virgin Islands Olympic Committee Inc St Croix, VI | $0 | $1,448,012 |
Project Shine Inc St Thomas, VI | $11,955 | $374,675 |
St Thomas Swimming Association Inc St Thomas, VI | $724,187 | $349,037 |
St Croix Swimming Association Kingshill, VI | $285,074 | $234,549 |
St Croix Education Initiative Inc Kingshill, VI | $219,892 | $393,114 |