Orleans Yacht Club Inc
- Assets
- $1.1m
- Revenue
- $474.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Orleans, MA
- Founding
- 11/1986
- Data as of
- 12/2022
- EIN
- 04-2102842
Organization Overview
Orleans Yacht Club Inc is located in Orleans, MA. The organization was established in 1986. 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. Orleans 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 12/2022, Orleans Yacht Club Inc generated $474.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $482.7k during the year ending 12/2022. While expenses have increased by 4.6% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SOCIAL & EDUCATIONAL
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAIN BUILDINGS,BOATS AND EQUIPMENT IN ORDER TO PROVIDE MEMBERS WITH A FACILITY FOR YACHTING,AQUATIC SPORTS AND SOCIAL ACTIVITIES.
CONTRIBUTIONS TO 501(C)(3)NONPROFITS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beth Kline President/commodore | OfficerTrustee | 10 | $0 |
Patricia Fitzgerald Clerk | OfficerTrustee | 10 | $0 |
Joe Rinaldi Vp/vice Commodore | OfficerTrustee | 10 | $0 |
John Wheeler Director/rear Commodore | OfficerTrustee | 10 | $0 |
Rick Knight Treasurer | OfficerTrustee | 10 | $0 |
Denise Witherell Assistant Clerk | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $274,236 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $700 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $274,936 |
| Total Program Service Revenue | $152,206 |
| Investment income | $194 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $14,831 |
| Net Gain/Loss on Asset Sales | $7,860 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$6,313 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $474,474 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $226 |
| 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 | $117,981 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $16,225 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,415 |
| 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 | $7,867 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,560 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $50,923 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $98,316 |
| Insurance | $46,894 |
| All other expenses | $23,578 |
| Total functional expenses | $482,700 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $422,819 |
| Savings and temporary cash investments | $270,695 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $12,808 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $443,479 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,149,801 |
| Accounts payable and accrued expenses | $492 |
| Grants payable | $0 |
| Deferred revenue | $281,633 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $282,125 |
| Net assets without donor restrictions | $0 |
| 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 | $867,676 |
| Total liabilities and net assets/fund balances | $1,149,801 |
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