Devon Yacht Club Inc

Organization Overview

Devon Yacht Club Inc is located in Amagansett, NY. The organization was established in 1926. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Devon Yacht Club Inc employed 72 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Devon 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, Devon Yacht Club Inc generated $119.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (38.4%) each year. All expenses for the organization totaled $588.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE CLUB IS FORMED TO SERVE AS A PLACE FOR PLEASURE AND RECREATION AND IS INTENDED AT ALL TMES TO BE OPERATED EXCLUSIVELY FOR SUCH PURPOSES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TAX EXEMPT CLUB ACTIVITIES.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Washburn Construction & Design
Bulkhead Installation
$137,900
Austin Patterson Disston Architects
Architects
$132,130
View All Vendors

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$0
Investment income $145
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 $119,426
Miscellaneous Revenue$0
Total Revenue $119,571

Peer Organizations

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$36,957,466
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Winged Foot Golf Club Inc
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$23,506,154
New York Yacht Club
New York, NY
$22,663,268
Canoe Brook Country Club
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$22,669,304
Glen Oaks Club Inc
Old Westbury, NY
$20,068,781
Saucon Valley Country Club
Bethlehem, PA
$24,203,066
Sleepy Hollow Country Club Westchester
Scarborough, NY
$23,136,850
Wee Burn Country Club Inc
Darien, CT
$16,725,850

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