Wissinoming Yacht Club
- Assets
- $128.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 07/1945
- Data as of
- 12/2022
- EIN
- 23-1227614
Organization Overview
Wissinoming Yacht Club is located in Philadelphia, PA. The organization was established in 1945. 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. Wissinoming 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, Wissinoming Yacht Club generated $88.6k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $84.9k during the year ending 12/2022. While expenses have increased by 3.5% per year over the past 4 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
PROVIDE OFFICE SPACE AND CLASSROOM SPACE FOR THE U S COAST GUARD AUXILIARY TO TEACH BOATING SAFETY TO THE PUBLIC
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Schwartz Commodore | 60 | $0 | |
Russ Hunt Vice Commodore | 40 | $0 | |
Joe Kerrigan Rear Commodore | 40 | $0 | |
Thomas Conway Board Member | 40 | $0 | |
John Caleese Board Member | 25 | $0 | |
Robert Somers Board Member | 25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $21,413 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $8,603 |
| Total Revenue | $88,559 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $5,582 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $9,744 |
| Occupancy, rent, utilities, and maintenance | $66,812 |
| Printing, publications, postage, and shipping | $1,579 |
| Other expenses | $1,191 |
| Total expenses | $84,908 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $55,490 |
| Other assets | $0 |
| Total assets | $128,752 |
| Total liabilities | $0 |
| Net assets or fund balances | $128,752 |