Classic Yacht Association
- Assets
- $14.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Glendora, CA
- Founding
- 04/2016
- Data as of
- 12/2022
- EIN
- 90-0396800
Organization Overview
Classic Yacht Association is located in Glendora, CA. The organization was established in 2016. According to its NTEE Classification (B01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Classic Yacht Association 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, Classic Yacht Association generated $68.0k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $74.9k during the year ending 12/2022. While expenses have increased by 8.3% per year over the past 4 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
ORIGINALLY FORMED OF THIRTEEN CHARTER MEMBERS, THE MEMBERSHIP NUMBERS OVER 300 AND CONTINUES TO GROW. MORE THAN 600 CLASSICS HAVE BEEN REGISTERED BY THE ASSOCIATION SINCE 1969. SIGNIFICANT HISTORICAL RECORDS HAVE BEEN PRESERVED ON VESSELS IN THE ASSOCIATION'S ARCHIVES, AND IN ONE INSTANCE, AN ENTIRE YARD'S RECORDS HAVE BEEN PRESERVED IN A LOCAL MUESEUM AVAILABLE FOR THE GENERAL PUBLIC.IN GENERAL, THE QUALIFICATIONS FOR MEMBERSHIP OF A BOAT THAT IT BE OF GOOD DESIGN, CONSTRUCTION, AND MAINTENANCE, BUILT PRIOR TO DECEMBER 31, 1964, AND SHOW NO EXTERNAL ALTERTIONS THAT DETRACT FROM THE DESIGNER'S ORIGINAL INTENT. ADDITIONAL OBJECTIVES OF THE CLASSIC YACHT ASSOCAITOIN ARE TO PROMOTE, SPONSOR, AND DEVELOP YACHTING ACTIVITIES FOR THE ASSOCIATION AND ITS FLEETS AND TO CULTIVATE A SPIRIT OF FRIENDSHIP AMONG ITS MEMBERS AND THOSE INTERESTED IN THE OLD BOATS AND THEIR ERA. CLASSIC YACHTING IS A DEMANDING BUT REWARDING ACTIVITY THAT IS ENJOYED BY THE MEMBERS, THEIR FAMILIES, AND THEIR FRIENDS. SCRAPING, VARNISHING, REPLACING, AND REPAIRING TAKES UP MUCH OF THE TIME. HOWEVER, ALL OF THE FLEETS MAINTAIN AN ACTIVE SCHEDULE OF CRUISES AND OTHER EVENTS. CYA FLEETS PARTICIPATE IN MANY COMMUNITY ACTIVITIES, OPENING DAY PARADES IN MOST AREAS, AND FUN GET-TOGETHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roger Palmer Director | 2 | $0 | |
John Peckham President | 5 | $0 | |
Gerry Kamilos Vice President | 5 | $0 | |
Michael Topliss Secretary | 5 | $0 | |
Mike Fazio Director | 2 | $0 | |
Scott Andrews Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,877 |
| Total Program Service Revenue | $17,146 |
| Membership dues | $0 |
| Investment income | $2 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $68,025 |
| 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 | $3,541 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $71,318 |
| Total expenses | $74,859 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $14,713 |
| Other assets | $0 |
| Total assets | $14,713 |
| Total liabilities | $0 |
| Net assets or fund balances | $14,713 |