Hances Point Yacht Club Inc

Organization Overview

Hances Point Yacht Club Inc is located in North East, MD. The organization was established in 0000. 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. Hances Point 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 12/2021, Hances Point Yacht Club Inc generated $154.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $133.5k during the year ending 12/2021. While expenses have increased by 3.5% per year over the past 7 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

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE CLUB IS ORGANIZED TO ENCOURAGE THE SPORT OF YACHTING AND TO PROMOTE THE SCIENCES OF SEAMANSHIP AND NAVIGATION, TO PROVIDE A SUITABLE CLUBHOUSE, ANCHORAGE, AND PIERS FOR USE OF ITS BOATING MEMBERS AND TO PROVIDE FACILITIES FOR RECREATION AND SOCIAL ACTIVITIES FOR ALL MEMBERS, BOTH BOATERS AND NON-BOATERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE CLUB IS ORGANIZED TO ENCOURAGE THE SPORT OF YACHTING AND TO PROMOTE THE SCIENCES OF SEAMANSHIP AND NAVIGATION, TO PROVIDE A SUITABLE CLUBHOUSE, ANCHORAGE, AND PIERS FOR USE OF ITS BOATING MEMBERS AND TO PROVIDE FACILITIES FOR RECREATION AND SOCIAL ACTIVITIES FOR ALL MEMBERS, BOTH BOATERS AND NON-BOATERS.


THE CLUB IS ORGANIZED TO ENCOURAGE THE SPORT OF YACHTING AND TO PROMOTE THE SCIENCES OF SEAMANSHIP AND NAVIGATION, TO PROVIDE A SUITABLE CLUBHOUSE, ANCHORAGE, AND PIERS FOR USE OF ITS BOATING MEMBERS AND TO PROVIDE FACILITIES FOR RECREATION AND SOCIAL ACTIVITIES FOR ALL MEMBERS, BOTH BOATERS AND NON-BOATERS.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$1,125
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,125
Total Program Service Revenue$153,981
Investment income $7
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
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 -$337
Miscellaneous Revenue$0
Total Revenue $154,776

Peer Organizations

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