Hidden Harbor Yacht Club
- Assets
- $1.5m
- Revenue
- $116.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Port Ewen, NY
- Founding
- 01/1995
- Data as of
- 12/2022
- EIN
- 14-0612720
Organization Overview
Hidden Harbor Yacht Club is located in Port Ewen, NY. The organization was established in 1995. 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. Hidden Harbor 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, Hidden Harbor Yacht Club generated $116.7k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $115.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 8 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
NOT FOR PROFIT BOATING ORGANIZATION THAT SERVES THE INTEREST OF BOATING AND BOAT OWNERS OF THE MID-HUDSON VALLEY, NY. MAIN PURPOSE IS TO STIMULATE AND ENCOURAGE THE SPORT OF SAFE BOATING,THE SCIENCE OF SEAMANSHIP AND NAVIGATION, PROMOTES ANTI-POLLUTION AND THE SCENIC DEVELOPMENT OF THE HUDSON RIVER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STIMULATION AND ENCOURAGEMENT OF THE SPORT OF SAFE BOATING AND THE SCIENCE OF SEAMANSHIP AND NAVIGATION
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd Fitzgerald Past Commodo | OfficerTrustee | 2 | $0 |
Treavor Bailey Rear Commodo | OfficerTrustee | 2 | $0 |
Robert Klein Commodore | OfficerTrustee | 2 | $0 |
Joe Ahouse Treasurer | Officer | 2 | $0 |
Brian Fuco Secretary | Officer | 2 | $0 |
Eric Keyser Vice Commodo | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $72,477 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $100 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $72,577 |
| Total Program Service Revenue | $23,329 |
| Investment income | $21 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $15,171 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $5,579 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $116,677 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $100 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,135 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,595 |
| Insurance | $13,044 |
| All other expenses | $212 |
| Total functional expenses | $115,919 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $138,254 |
| Savings and temporary cash investments | $36,306 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $11,323 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,302,182 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $50 |
| Total assets | $1,488,115 |
| Accounts payable and accrued expenses | $1,208 |
| 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 | $0 |
| Total liabilities | $1,208 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $80,700 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,406,207 |
| Total liabilities and net assets/fund balances | $1,488,115 |
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