Massachusetts Boating & Yacht Club Association Inc
- Assets
- $11.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Peabody, MA
- Founding
- 03/1996
- Data as of
- 12/2021
- 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 12/2021, Massachusetts Boating & Yacht Club Association Inc generated $50.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $49.5k during the year ending 12/2021. 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
2021
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 |
|---|---|---|---|
Peter Caten Director | 5 | $0 | |
Cheryl Chisholm Secretary | 10 | $0 | |
Russell Hoy Director | 5 | $0 | |
Edward T Chisholm Treasurer | 8 | $0 | |
Peter P Gilson Director | 5 | $0 | |
William J Scanlon Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $351 |
| Total Program Service Revenue | $33,226 |
| Membership dues | $16,750 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $297 |
| Total Revenue | $50,624 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $3,000 |
| Professional fees and other payments to independent contractors | $785 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $35,639 |
| Other expenses | $8,556 |
| Total expenses | $49,480 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $11,546 |
| Other assets | $0 |
| Total assets | $11,546 |
| Total liabilities | $0 |
| Net assets or fund balances | $11,546 |
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|---|---|---|
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Milbrook Club Inc Greenwich, CT | $17,388,831 | $9,460,454 |
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