Duck Island Yacht Club is located in Westbrook, CT. 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. Duck Island Yacht Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2022, Duck Island Yacht Club generated $69.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $81.9k during the year ending 12/2022. While expenses have increased by 8.6% per year over the past 8 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
2022
Describe the Organization's Program Activity:
Part 3
THE ENCOURAGEMENT AND PROMOTION OF YACHTING
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bj Bernblum Director | 5 | $0 | |
Robert Weinstein Director | 5 | $0 | |
Dave Nauber Chairman | 5 | $0 | |
G Mark Mccarthy Commodore | 5 | $0 | |
Ruth Emblin Vice Commodo | 5 | $0 | |
Peter Emblin Rear Commodo | 5 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,543 |
| Total Program Service Revenue | $33,599 |
| Membership dues | $0 |
| Investment income | $13 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $69,155 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $23,247 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $58,662 |
| Total expenses | $81,909 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $57,035 |
| Other assets | $0 |
| Total assets | $114,641 |
| Total liabilities | $14,559 |
| Net assets or fund balances | $100,082 |