Fishers Island Yacht Club Inc

Organization Overview

Fishers Island Yacht Club Inc is located in Fishers Island, NY. The organization was established in 1948. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Fishers Island Yacht Club Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fishers Island Yacht Club Inc 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, Fishers Island Yacht Club Inc generated $630.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $537.4k during the year ending 12/2022. While expenses have increased by 2.2% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

PROMOTION OF SAFE YACHTING AND BOATING

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE CLUB RUNS A SUCCESSFUL INTRUCTIONAL JUNIOR SAILING PROGRAM AS WELL AS AN ADULT SAILING PROGRAM TO TEACH AND PROMOTE SAFE SAILING. THE CLUB HOSTS EVENTS TO PROMOTE MEMBERSHIP INTERACTION.


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Board, Officers & Key Employees

Name (title)Compensation
Anders Bialek
Treasurer
$0
Meris Enright
Rear Commodo
$0
Bradford Gibbs
Vice Commodo
$0
Thomas L Dupont
Commodore
$0
Stewart Cutlet
Director
$0
Laurie Finan
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$209,884
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$6,600
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$216,484
Total Program Service Revenue$121,610
Investment income $1
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $292,523
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory -$21
Miscellaneous Revenue$0
Total Revenue $630,597

Peer Organizations

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