Nanticoke River Yacht Club
- Assets
- $221.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Seaford, DE
- Founding
- 02/1998
- Data as of
- 12/2023
- EIN
- 51-0165265
Organization Overview
Nanticoke River Yacht Club is located in Seaford, DE. The organization was established in 1998. 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. Nanticoke 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, Nanticoke River Yacht Club generated $51.1k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $53.1k during the year ending 12/2023. While expenses have increased by 4.7% 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
SOCIAL ACTIVITIES AND RECREATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wally Abrams Treasurer | 12 | $400 | |
Natasha Bonhoff Co Fleet Captain | 5 | $0 | |
Ron Borgenicht Board Of Governors | 1 | $0 | |
Thomas Darby Board Of Governors | 1 | $0 | |
Wayne Givens Board Of Givens | 1 | $0 | |
Ellen Harman Secretary | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $572 |
| Total Program Service Revenue | $30,040 |
| Membership dues | $10,647 |
| Investment income | $19 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $3,922 |
| Other Revenue | $5,862 |
| Total Revenue | $51,062 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $1,100 |
| Professional fees and other payments to independent contractors | $377 |
| Occupancy, rent, utilities, and maintenance | $28,825 |
| Printing, publications, postage, and shipping | $320 |
| Other expenses | $22,453 |
| Total expenses | $53,075 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $27,146 |
| Other assets | $0 |
| Total assets | $221,238 |
| Total liabilities | $48,485 |
| Net assets or fund balances | $172,753 |