Billington Cove Yacht Club is located in Wakefield, RI. The organization was established in 2010. 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. Billington Cove 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, Billington Cove Yacht Club generated $82.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $86.5k during the year ending 12/2022. While expenses have increased by 4.8% 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
MEMBERS ARE GRANTED ACCESS AND RIGHTS TO USE BOAT SLIPS FOR RECREATIONAL BOATING PURPOSES. DUES ARE PAID BY MEMBERS FOR THE UPKEEP OF THE MARINA FACILITIES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Arlene Mcaleer President | 0 | $0 | |
Martin Vincent Treasurer | 0 | $0 | |
Gail Burchard Secretary | 0 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $0 |
Membership dues | $82,015 |
Investment income | $5 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $82,020 |
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 | $7,385 |
Occupancy, rent, utilities, and maintenance | $8,846 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $70,301 |
Total expenses | $86,532 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $25,888 |
Other assets | $0 |
Total assets | $25,888 |
Total liabilities | $1,997 |
Net assets or fund balances | $23,891 |
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