Duxbury Yacht Club
- Assets
- $13.3m
- Revenue
- $4.9m
- Investments
- $0.0
- Employees
- 102
- Location
- Duxbury, MA
- Founding
- 07/1938
- Data as of
- 12/2021
- EIN
- 04-1266650
Organization Overview
Duxbury Yacht Club is located in Duxbury, MA. The organization was established in 1938. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Duxbury Yacht Club employed 102 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Duxbury Yacht Club 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, Duxbury Yacht Club generated $4.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $4.2m during the year ending 12/2021. While expenses have increased by 4.8% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE DUXBURY YACHT CLUB IS A FAMILY-ORIENTED, COMMITTEE-BASED, ACTIVITY-FOCUSED CLUB MAINTAINED PRINCIPALLY THROUGH THE VOLUNTEER EFFORTS OF ITS MEMBERS. AS A PRIVATE CLUB, WE ARE ORGANIZED AND OPERATED FOR THE ATHLETIC, RECREATIONAL AND SOCIAL USE OF OUR MEMBERS. WE ARE ONE CLUB WITH ONE MEMBERSHIP; ALL MEMBERS HAVE ACCESS TO ALL FACILITIES. THE CLUB IS COMMITTED TO WELL-MAINTAINED FACILITIES, TO OPERATING WITHIN A BALANCED BUDGET, AND TO REMAINING AFFORDABLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB PROVIDES RECREATIONAL ACTIVITIES, SUCH AS GOLF, WATERFRONT, TENNIS, POOL AND THEATRICAL ACTIVITIES TO ITS APPROXIMATELY 560 MEMBERS AND THEIR GUESTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randall Grills Head Golf Professional | 40 | $224,340 | |
Spencer Withington Director Of Racquets | 40 | $154,681 | |
Peter Lanman Greens Superintendent | 40 | $144,229 | |
Jonathan Maccallum Waterfront Captain | 40 | $125,905 | |
Richmond Y Holden Jr Commodore | OfficerTrustee | 4 | $0 |
Frank P Tenaglia Vice Commodore | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $230,948 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $230,948 |
| Total Program Service Revenue | $4,712,077 |
| Investment income | $298 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$16,290 |
| Net Gain/Loss on Asset Sales | $471 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,927,504 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,438,343 |
| Pension plan accruals and contributions | $31,697 |
| Other employee benefits | $156,612 |
| Payroll taxes | $159,341 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,868 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $26,187 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $207,620 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $219,167 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $565,948 |
| Insurance | $171,199 |
| All other expenses | $253,658 |
| Total functional expenses | $4,173,563 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $777,870 |
| Savings and temporary cash investments | $840,766 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $414,322 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $20,960 |
| Prepaid expenses and deferred charges | $104,989 |
| Net Land, buildings, and equipment | $11,129,945 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,288,852 |
| Accounts payable and accrued expenses | $104,872 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $704,735 |
| Secured mortgages and notes payable | $84,077 |
| Unsecured mortgages and notes payable | $3,026,265 |
| Other liabilities | $11,000 |
| Total liabilities | $3,930,949 |
| Net assets without donor restrictions | $9,357,903 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $13,288,852 |
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