Shattemuc Yacht Club Inc
- Assets
- $4.1m
- Revenue
- $873.4k
- Investments
- $0.0
- Employees
- 39
- Location
- Ossining, NY
- Founding
- 07/1944
- Data as of
- 12/2021
- EIN
- 13-1731038
Organization Overview
Shattemuc Yacht Club Inc is located in Ossining, NY. The organization was established in 1944. 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, Shattemuc Yacht Club Inc employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shattemuc 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, Shattemuc Yacht Club Inc generated $873.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $852.1k during the year ending 12/2021. While expenses have increased by 7.4% 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
TO PROMOTE INTEREST IN BOATING AND OTHER AQUATIC SPORTS AND FOSTER GOOD FELLOWSHIP, BOATING SAFETY AND PROMOTE THE SCIENCE AND PRACTICE OF SEAMANSHIP AND PROVIDE FOR MEMBER RECREATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUMMER SAILING ACADEMY AND REGATTAS - THE SAILING ACADEMY IS AN EDUCATIONAL PROGRAM THAT TEACHES THE CHILDREN OF MEMBERS TO SAIL AS WELL AS BOATING SAFETY. THE CLUB ALSO PARTICIPATES AND HOSTS REGATTAS AND CLUB MEMBERS ALSO PARTICIPATE IN LOCAL AREA SAILING REGATTAS.
SWIMMING POOL & SNACK BAR - THE SWIMMING POOL IS AVAILABLE FOR CLUB MEMBERS AND THEIR CHILDREN FROM MEMORIAL DAY THROUGH LABOR DAY. THE CLUB ALSO OFFERS SWIM LESSONS AND OTHER SWIM ACTIVITIES. THE SNACK BAR OPERATION COINCIDES WITH THE POOL OPERATION.
MARINA/BAR/SHIP'S STORE/SOCIAL EVENTS - THE CLUB OFFERS A FULL SERVICE MARINA WITH THE EXCEPTION OF BOAT REPAIRS AND GASOLINE. THE MARINA IS AVAILABLE TO ALL BOAT OWNING MEMBERS AND THE FACILITIES INCLUDE SLIPS, MOORINGS, BOAT LAUNCHING AND HAULING AND BOAT STORAGE. THE BAR IS OPEN TO CLUB MEMBERS MOST OF THE YEAR, WEATHER PERMITTING. VARIOUS SOCIAL EVENTS ARE SCHEDULED THROUGHOUT THE YEAR AND ARE OPEN TO ALL MEMBERS. TYPICAL EVENTS ARE JULY 4TH PICNIC,ST. PATRICK'S DAY DINNER, PIG ROAST, JAZZ FEST, CLAMBAKE, CHILI COOKOFFS AND WINE & CHEESE TASTING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leonard Lombardi Vice Commodo | Officer | $0 | |
Sandra Lowe Rear Commodo | Officer | $0 | |
Andreas Biedermann Commodore | Officer | $0 | |
Peter Oden Secretary | Officer | $0 | |
Patti Slobogin Treasurer | Officer | $0 | |
Peter Gardner Fleet Captai | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $497,283 |
| 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 | $497,283 |
| Total Program Service Revenue | $372,542 |
| Investment income | $159 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$22,997 |
| 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 | $26,393 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $873,380 |
| 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 | $210,518 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $18,196 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $47,190 |
| Fees for services: Accounting | $46,658 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,288 |
| Office expenses | $8,226 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $91,079 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $43,716 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $119,063 |
| Insurance | $49,345 |
| All other expenses | $36,627 |
| Total functional expenses | $852,052 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,552 |
| Savings and temporary cash investments | $260,573 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $119,452 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $12,521 |
| Prepaid expenses and deferred charges | $64,728 |
| Net Land, buildings, and equipment | $3,589,038 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $76,141 |
| Other assets | $0 |
| Total assets | $4,127,005 |
| Accounts payable and accrued expenses | $46,156 |
| 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 | $1,664,042 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,710,198 |
| Net assets without donor restrictions | $2,409,832 |
| Net assets with donor restrictions | $6,975 |
| 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 | $4,127,005 |
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