Rocky Point Club Inc
- Assets
- $3.2m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 45
- Location
- Old Greenwich, CT
- Founding
- 04/1961
- Data as of
- 10/2021
- EIN
- 06-0688038
Organization Overview
Rocky Point Club Inc is located in Old Greenwich, CT. The organization was established in 1961. 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 10/2021, Rocky Point Club Inc employed 45 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rocky Point 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 10/2021, Rocky Point Club Inc generated $1.2m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $1.2m during the year ending 10/2021. 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
A FAMILY ORIENTED ORGANIZATION DEVOTED TO PROMOTING AND INSTRUCTING YACHTING, SAILING, SWIMMING AND RELATED NAUTICAL ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SAILING & WATERFRONT - INSTRUCTION AND COMPETITIVE SAILING OPEN TO ALL MEMBERS, BUT PRIMARILY FOR CHILDREN UNDER THE AGE OF 16
SWIMMING INSTRUCTIONS AND COMPETITIONS FOR CHILDREN
SOCIAL & ENTERTAINMENT ACTIVITIES FOR ALL MEMBERS
NONPARTICIPATION FEES AND OTHER EXEMPT FUNCTION INCOME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Gibian Vice Preside | OfficerTrustee | $0 | |
Claire Brown President | OfficerTrustee | $0 | |
Nora Baker Assistant Tr | OfficerTrustee | $0 | |
Larry Zacchiero Treasurer | OfficerTrustee | $0 | |
Heike Coffee Assistant Se | OfficerTrustee | $0 | |
Mary Kate Anderson Secretary | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $607,620 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $337,469 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $945,089 |
| Total Program Service Revenue | $198,122 |
| Investment income | $383 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,195,061 |
| 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 | $386,590 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $35,018 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,533 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,505 |
| Advertising and promotion | $0 |
| Office expenses | $2,061 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,698 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $302,652 |
| Insurance | $89,533 |
| All other expenses | $60,630 |
| Total functional expenses | $1,241,994 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $650,978 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $29,383 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $38,431 |
| Net Land, buildings, and equipment | $2,365,547 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $70,600 |
| Total assets | $3,154,939 |
| Accounts payable and accrued expenses | $40,465 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1,109,824 |
| Total liabilities | $1,150,289 |
| Net assets without donor restrictions | $2,004,650 |
| 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 | $3,154,939 |
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