Genesee Yacht Club Inc
- Assets
- $498.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Rochester, NY
- Founding
- 07/1958
- Data as of
- 12/2022
- EIN
- 16-6053288
Organization Overview
Genesee Yacht Club Inc is located in Rochester, NY. The organization was established in 1958. 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. Genesee 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 12/2022, Genesee Yacht Club Inc generated $150.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $141.9k during the year ending 12/2022. While expenses have increased by 1.2% 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 GENESEE YACHT CLUB CONDUCTED NORMAL OPERATIONS IN 2022, CONDUCTING ALL ACTIVITIES AND EVENTS WITH MEMBER VOLUNTEERS. THE CLUB RAN SOCIAL ACTIVITIES YEAR ROUND FOR MEMBERS AND GUESTS INCLUDING: PORCH PARTIES, OKTOBERFEST, SAIL AND SUPPER, DECK THE HALLS AND MORE. LEARN TO SAIL THE GENESEE YACHT CLUB HAS A LEARN TO SAIL PROGRAM ON THURSDAY EVENINGS. THIS PROGRAM INCLUDES BASIC SAILING EDUCATION AND AN OPPORTUNITY TO SAIL ON LAKE ONTARIO WITH AN EXPERIENCED SAILOR. GYC COMMUNITY SAILING GROUP - IN AN EFFORT TO SERVE A LARGER CONTINGENT OF INTERESTED SAILORS, GENESEE YACHT CLUB OWNS TWO BOATS. USE OF THE BOATS ARE RESERVED FOR GYC MEMBERS WHO JOIN THE COMMUNITY SAILING GROUP. THE RACING SEASON STARTED IN MAY AND CONTINUED THROUGH OCTOBER, WITH RACES ON TUESDAY NIGHTS AND SATURDAYS. THE CLUB PROVIDES DOCKAGE FOR 47 MEMBERS BASED ON SENIORITY AND STORES APPROXIMATELY 60 BOATS ON SITE ON THE OFF SEASON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Stack Member (through 11/22) | 1 | $0 | |
Bill Towner Member (through 11/22) | 1 | $0 | |
William Danesi Member | 1 | $0 | |
Kevin Dudarchik Member | 1 | $0 | |
Ron Hollander Member (starting 11/22) | 1 | $0 | |
Julie Mccormick Member (starting 11/22) | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $91,299 |
| Membership dues | $57,364 |
| Investment income | $204 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $2,029 |
| Total Revenue | $150,113 |
| 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 | $60,714 |
| Printing, publications, postage, and shipping | $393 |
| Other expenses | $80,815 |
| Total expenses | $141,922 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $155,070 |
| Other assets | $0 |
| Total assets | $498,786 |
| Total liabilities | $381 |
| Net assets or fund balances | $498,405 |