Watch Hill Yacht Club Sailing Association
- Assets
- $134.5k
- Revenue
- $32.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Westerly, RI
- Founding
- 10/2006
- Data as of
- 12/2021
- EIN
- 20-5341997
Organization Overview
Watch Hill Yacht Club Sailing Association is located in Westerly, RI. The organization was established in 2006. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Watch Hill Yacht Club Sailing Association is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Watch Hill Yacht Club Sailing Association generated $32.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 47.7% each year . All expenses for the organization totaled $4.0k during the year ending 12/2021. 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
THE MISSION OF THE WATCH HILL YACHT CLUB SAILING ASSOCIATION IS TO FOSTER, SUPPORT AND EXPAND THE SAILING EDUCATION AND EXPERIENCE FOR JUNIOR AND AMATEUR SAILORS FROM WESTERLY AND ITS SURROUNDING COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE VISION OF THE WHYCSA IS TO PROVIDE YOUNG SAILORS LIVING IN OUR OCEAN COMMUNITY THE OPPORTUNITY TO EXPERIENCE THE JOY AND THRILL OF LEARNING TO SAIL BY PROVIDING EQUIPMENT AND INSTRUCTION TO ASSIST THEM IN DEVELOPING NOT JUST THE ABILITY TO SAIL, BUT ALSO ENCOURAGING THEM AS THEY DEVELOP SELF-CONFIDENCE, A MOTIVATION TO SUCCEED AND STRONG LEADERSHIP SKILLS. THE SAILING ASSOCIATION WILL ALSO SUPPORT CHARITABLE AND EDUCATIONAL ACTIVITES DIRECTLY RELATED TO LOCAL, NATIONAL AND INTERNATIONAL AMATEUR SAILING COMPETITION AND MARITIME EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John S Payne Secretary | OfficerTrustee | 1 | $0 |
Peter A Evans Treasurer | OfficerTrustee | 1 | $0 |
Deborah Bell President | OfficerTrustee | 2 | $0 |
Thomas F Donoghue III Director | Trustee | 1 | $0 |
Jennifer C Weier Director | Trustee | 1 | $0 |
Kenneth A Fontaine Director | Trustee | 1 | $0 |
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 | $16,195 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,195 |
| Total Program Service Revenue | $0 |
| Investment income | $465 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $600 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $14,913 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $32,173 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,500 |
| 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 | $500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $250 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $632 |
| All other expenses | $0 |
| Total functional expenses | $4,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,898 |
| Savings and temporary cash investments | $25,138 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $21,022 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $34,400 |
| Total assets | $134,458 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $134,458 |
| Net assets with donor restrictions | $0 |
| 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 | $134,458 |
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