Annapolis Yacht Club Foundation Inc
- Assets
- $113.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Annapolis, MD
- Founding
- 10/2000
- Data as of
- 12/2023
- EIN
- 31-1721302
Organization Overview
Annapolis Yacht Club Foundation Inc is located in Annapolis, MD. The organization was established in 2000. According to its NTEE Classification (N67) the organization is classified as: Swimming & Other Water Recreation, 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. Annapolis Yacht Club Foundation Inc 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 12/2023, Annapolis Yacht Club Foundation Inc generated $128.6k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 32.7% each year . All expenses for the organization totaled $177.0k during the year ending 12/2023. While expenses have increased by 22.0% per year over the past 5 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
2023
Describe the Organization's Program Activity:
Part 3
SCHOLARSHIPS FOR INDIVIDUALS DEVELOPING AS SAILORS FOR NATIONAL AND INTERNATIONAL RACING COMPETITIONS AND SCHOLARSHIPS FOR YOUTH WITHOUT ACCESS TO SAILING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Schubert President | 1 | $0 | |
Jennifer Norwood Board Member | 1 | $0 | |
Jacob Doyle Treasurer | 1 | $0 | |
Cedric Lewis Secretary | 1 | $0 | |
Aden King Board Member | 1 | $0 | |
Jenny Crawford Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $128,347 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $2,315 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$2,057 |
| Other Revenue | $0 |
| Total Revenue | $128,605 |
| 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 | $2,188 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $4,854 |
| Total expenses | $176,959 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $93,961 |
| Other assets | $0 |
| Total assets | $113,146 |
| Total liabilities | $12,020 |
| Net assets or fund balances | $101,126 |