Valley Yacht Club Inc
- Assets
- $264.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Milford, CT
- Founding
- 02/1971
- Data as of
- 10/2023
- EIN
- 06-6114998
Organization Overview
Valley Yacht Club Inc is located in Milford, CT. The organization was established in 1971. 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. Valley 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 10/2023, Valley Yacht Club Inc generated $71.1k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $73.0k during the year ending 10/2023. While expenses have increased by 5.0% per year over the past 4 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louis Boccanfuso Financial Secretary | 2 | $0 | |
Edward Norman Secretary | 2 | $0 | |
Robert Bogert Treasurer | 2 | $0 | |
Glenn Costa Vice Commodore | 2 | $0 | |
Patricia Clement Rear Commodore | 2 | $0 | |
Kevin Mosman Board Of Governors | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $41,938 |
| Membership dues | $27,925 |
| Investment income | $1,222 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $71,085 |
| 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 | $7,300 |
| Occupancy, rent, utilities, and maintenance | $54,726 |
| Printing, publications, postage, and shipping | $276 |
| Other expenses | $10,723 |
| Total expenses | $73,025 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $94,213 |
| Other assets | $0 |
| Total assets | $264,685 |
| Total liabilities | $8,700 |
| Net assets or fund balances | $255,985 |