Chapoquoit Yacht Club Inc
- Assets
- $102.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- West Falmouth, MA
- Founding
- 01/1975
- Data as of
- 12/2023
- EIN
- 04-2546309
Organization Overview
Chapoquoit Yacht Club Inc is located in West Falmouth, MA. The organization was established in 1975. 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. Chapoquoit 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 12/2023, Chapoquoit Yacht Club Inc generated $116.7k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $139.7k during the year ending 12/2023. While expenses have increased by 4.6% per year over the past 5 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
2023
Describe the Organization's Program Activity:
Part 3
TEACHING SEAMANSHIP SMALL BOAT HANDLING AND SAILING TO CHILDREN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erik Egleston Commodore | 20 | $0 | |
Nadia Lipp Vice Commodore | 20 | $0 | |
Galen Robbins Treasurer | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,296 |
| Total Program Service Revenue | $33,975 |
| Membership dues | $45,295 |
| Investment income | $12 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $13,522 |
| Other Revenue | $5,334 |
| Total Revenue | $116,703 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $29,368 |
| Professional fees and other payments to independent contractors | $7,192 |
| Occupancy, rent, utilities, and maintenance | $12,126 |
| Printing, publications, postage, and shipping | $206 |
| Other expenses | $90,788 |
| Total expenses | $139,680 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $54,173 |
| Other assets | $0 |
| Total assets | $101,973 |
| Total liabilities | $0 |
| Net assets or fund balances | $101,973 |