American Y Flyer Yacht Racing Association
- Assets
- $17.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 02/1984
- Data as of
- 09/2023
- EIN
- 43-1310600
Organization Overview
American Y Flyer Yacht Racing Association is located in Indianapolis, IN. The organization was established in 1984. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, 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. American Y Flyer Yacht Racing 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 09/2023, American Y Flyer Yacht Racing Association generated $8.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (11.5%) each year. All expenses for the organization totaled $7.2k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (12.8%) per year over the past 3 years. 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
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amanda Hodges President | 1 | $0 | |
Paul White Secretary | 10 | $0 | |
Dorita Smith Webmaster | 2 | $0 | |
Terry Fraser Newsletter Editor | 2 | $0 | |
Doug Kinzer M & R Chair | 1 | $0 | |
Bill Totten Area 1 VP | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,765 |
| Total Program Service Revenue | $0 |
| Membership dues | $5,375 |
| Investment income | $329 |
| Gain or Loss | $243 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $8,637 |
| 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 | $599 |
| Occupancy, rent, utilities, and maintenance | $1,425 |
| Printing, publications, postage, and shipping | $686 |
| Other expenses | $4,512 |
| Total expenses | $7,222 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $17,770 |
| Other assets | $0 |
| Total assets | $17,770 |
| Total liabilities | $0 |
| Net assets or fund balances | $17,770 |