Black Rock Yacht Club Inc
- Assets
- $4.4m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 122
- Location
- Bridgeport, CT
- Founding
- 12/1941
- Data as of
- 12/2021
- EIN
- 06-0264110
Organization Overview
Black Rock Yacht Club Inc is located in Bridgeport, CT. The organization was established in 1941. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Black Rock Yacht Club Inc employed 122 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Black Rock 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 12/2021, Black Rock Yacht Club Inc generated $3.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.7% each year . All expenses for the organization totaled $2.8m during the year ending 12/2021. While expenses have increased by 9.2% 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
ENCOURAGING AND SUPPORTING YACHTING AND YACHT RACING; TO OFFER ATHLETIC PROGRAMS THAT BUILD COMMUNITY, SPORTSMANSHIP AND TEAM SKILLS AMONG MEMBERS OF ALL AGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TAX EXEMPT CLUB ACTIVITIES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Dwyer General Manager | 40 | $119,531 | |
Claudine Mears Finance Manager | 40 | $116,366 | |
Thomas Herrmann Rear Commodore | OfficerTrustee | 1 | $0 |
Jenny Anderson Fleet Captain | OfficerTrustee | 1 | $0 |
Chris Moore Immediate Past Commodore | OfficerTrustee | 1 | $0 |
Elizabeth Collins Vice Commodore | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $1,994,236 |
| Investment income | $1,497 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,066,591 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,091,820 |
| 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 | $1,367,481 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $161,258 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20,276 |
| Fees for services: Accounting | $14,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,644 |
| Advertising and promotion | $0 |
| Office expenses | $46,178 |
| Information technology | $41,745 |
| Royalties | $0 |
| Occupancy | $254,199 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,467 |
| Interest | $26,623 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $179,655 |
| Insurance | $233,954 |
| All other expenses | $52,413 |
| Total functional expenses | $2,774,576 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $801,905 |
| Savings and temporary cash investments | $679,262 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $474,729 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $37,426 |
| Prepaid expenses and deferred charges | $105,840 |
| Net Land, buildings, and equipment | $2,340,908 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,440,070 |
| Accounts payable and accrued expenses | $105,385 |
| Grants payable | $0 |
| Deferred revenue | $701,734 |
| 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 | $987,929 |
| Other liabilities | $503,860 |
| Total liabilities | $2,298,908 |
| Net assets without donor restrictions | $2,141,162 |
| 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 | $4,440,070 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Old Westbury Golf & Country Club Inc Old Westbury, NY | $24,637,751 | $16,881,231 |
Innis Arden Golf Club Inc Old Greenwich, CT | $33,992,814 | $14,860,228 |
Hudson National Golf Club Inc Croton On Hudson, NY | $51,687,185 | $12,086,027 |
Nantucket Golf Club Inc Siasconset, MA | $41,080,926 | $8,761,983 |
Great Harbor Yacht Club Inc Nantucket, MA | $67,641,341 | $7,821,481 |
Fisher Island Club Inc Fishers Island, NY | $26,382,427 | $9,842,592 |
Golf Club Of Marthas Vineyard Inc Edgartown, MA | $54,618,022 | $7,664,048 |
Noyac Golf Club Inc Sag Harbor, NY | $25,263,669 | $11,022,614 |
Greenwich Water Club Inc Cos Cob, CT | $34,734 | $8,500,732 |
Huntington Crescent Club Inc Huntington, NY | $18,101,805 | $9,571,803 |
Mill River Club Inc Oyster Bay, NY | $11,730,867 | $8,340,769 |
Oakley Country Club Watertown, MA | $19,643,392 | $9,027,669 |