Ware River Yacht Club
- Assets
- $213.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Gloucester, VA
- Founding
- 10/1972
- Data as of
- 12/2023
- EIN
- 23-7112769
Organization Overview
Ware River Yacht Club is located in Gloucester, VA. The organization was established in 1972. 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. Ware River 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 12/2023, Ware River Yacht Club generated $144.3k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $176.4k during the year ending 12/2023. While expenses have increased by 3.7% per year over the past 9 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Davis Commodore | 1.75 | $0 | |
Harry Taylor Vice Commodore | 1.5 | $0 | |
Steve Humphrey Treasurer | 2 | $0 | |
Alyssa Adams Secretary | 0.75 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $48,176 |
| Membership dues | $50,030 |
| Investment income | $507 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $800 |
| Other Revenue | $44,730 |
| Total Revenue | $144,276 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $35,055 |
| Professional fees and other payments to independent contractors | $1,524 |
| Occupancy, rent, utilities, and maintenance | $30,564 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $109,288 |
| Total expenses | $176,431 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $38,234 |
| Other assets | $0 |
| Total assets | $213,320 |
| Total liabilities | $3,500 |
| Net assets or fund balances | $209,820 |