Massachusetts Boating & Yacht Club Association Inc
- Assets
- $9.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Peabody, MA
- Founding
- 03/1996
- Data as of
- 12/2022
- EIN
- 04-6056456
Organization Overview
Massachusetts Boating & Yacht Club Association Inc is located in Peabody, MA. The organization was established in 1996. 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. Massachusetts Boating & Yacht Club Association Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Massachusetts Boating & Yacht Club Association Inc generated $54.8k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $57.2k during the year ending 12/2022. 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
MBYCA PROMOTES BOATER SAFETY AND EDUCATION BY TRACKING, DISSEMINATING INFORMATION AND INFLUENCING LEGISLATION AFFECTING BOATERS AND BY SUPPORTING AND ORGANIZING MARITIME EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Neal Caten Commodore | 10 | $0 | |
Paul Dubiel Vice Commodore | 5 | $0 | |
Edward Chisholm Treasurer | 5 | $0 | |
Chery J Chisholm Secretary | 5 | $0 | |
Peter P Gilson Director | 5 | $0 | |
Peter T Caten Director | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,104 |
| Total Program Service Revenue | $34,918 |
| Membership dues | $15,750 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $3,025 |
| Total Revenue | $54,797 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $5,000 |
| Professional fees and other payments to independent contractors | $525 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $38,107 |
| Other expenses | $11,504 |
| Total expenses | $57,236 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $9,107 |
| Other assets | $0 |
| Total assets | $9,107 |
| Total liabilities | $0 |
| Net assets or fund balances | $9,107 |