Form 990 for tax year 2023

Filed by NEW YORK YACHT CLUB FOUNDATION.

Totals

Total revenue: $4,450,810
Total expenses: $1,612,152
Contributions and grants received: $4,179,596
Grants paid: $0
Program service revenue: $0
Investment income: $272,508
Other revenue: -$1,294
Total assets, end of year: $9,864,187
Total liabilities, end of year: $126,509
Net assets or fund balances, end of year: $9,737,678
Program services expenses (Part IX): $1,235,520
Management and general expenses: $200,345
Fundraising expenses: $176,287
Program service expenses (Part III): $1,235,520

Program services were 76.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

1c · Fundraising events

$12,141
1f · All other contributions, gifts and grants

$4,167,455
1g · Noncash contributions included above

$460,330
3 · Investment income

total $268,700 · excluded $268,700
7a · Gross sales of assets other than inventory

securities $465,366
7b · Less cost or other basis and sales expenses

securities $461,558
7c · Gain or loss

securities $3,808
7d · Net gain or loss

total $3,808 · excluded $3,808
8a · Fundraising events: gross income

$7,859
8a · Fundraising events: contributions included on line 1c

$12,141
8b · Fundraising events: direct expenses

$9,153
8c · Net income from fundraising events

total -$1,294 · excluded -$1,294

Functional expenses

Part IX, the statement of functional expenses.

5 · Compensation of officers, directors and key employees

total $156,757 · program services $15,676 · management and general $15,676 · fundraising $125,405
9 · Other employee benefits

total $12,765 · program services $1,277 · management and general $1,277 · fundraising $10,211
11b · Fees: legal

total $8,537 · management and general $8,537
11c · Fees: accounting

total $7,470 · management and general $7,470
13 · Office expenses

total $38,753 · management and general $1,276 · fundraising $37,477
17 · Travel

total $3,973 · program services $397 · management and general $397 · fundraising $3,179
19 · Conferences, conventions and meetings

total $12,652 · management and general $12,652
24a · Other expenses: BUILDING RESTORATION

total $1,218,170 · program services $1,218,170
24b · Other expenses: OTHER

total $88,017 · management and general $88,002 · fundraising $15
24c · Other expenses: BOOKKEEPING

total $36,458 · management and general $36,458
24d · Other expenses: COMMUNICATIONS

total $13,582 · management and general $13,582
24e · All other expenses

total $15,018 · management and general $15,018

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $3,926,918 · end of year $1,069,866
2 · Savings and temporary cash investments

beginning of year $1,368,453 · end of year $5,537,173
3 · Pledges and grants receivable

beginning of year $1,111,611 · end of year $2,148,924
4 · Accounts receivable

beginning of year $553,856 · end of year $1,092,367
9 · Prepaid expenses and deferred charges

beginning of year $15,857 · end of year $15,857
11 · Investments: publicly traded securities

beginning of year $5,036
17 · Accounts payable and accrued expenses

beginning of year $83,748 · end of year $126,509
27 · Net assets without donor restrictions

beginning of year $5,786,372 · end of year $7,588,754
28 · Net assets with donor restrictions

beginning of year $1,111,611 · end of year $2,148,924

Mission and programs · 2023

Mission

SEE SCHEDULE O.

Activities or mission (Part I)

MAINTAIN, RESTORE & PRESERVE THE EXTERIOR OF THE HISTORICALLY SIGNIFICANT BUILDINGS

TO RECONSTRUCT AND SUPPORT EXTERIOR OF GREENHOUSE AT 5 HALIDON AVENUE IN NEWPORT, RHODE ISLAND. RENOVATION OF THE FACADES OF THE CLUB'S HISTORIC BUILDINGS.

Expenses $1,235,520

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Harry T ReinHARRY T REIN

PRESIDENT AND CHAIR, TREASURER

Total calculated

$0

Hours/week

3
Joseph F HuberJOSEPH F HUBER

VICE PRESIDENT

Total calculated

$0

Hours/week

3
Marie Klok CrumpMARIE KLOK CRUMP

VICE PRESIDENT MARKETING

Total calculated

$0

Hours/week

3
Christopher L OtorowskiCHRISTOPHER L OTOROWSKI

SECRETARY

Total calculated

$0

Hours/week

3
William Mathews BrooksWILLIAM MATHEWS BROOKS

PAST CHAIR

Total calculated

$0

Hours/week

3
David K Elwell JrDAVID K ELWELL JR

AT-LARGE MEMBER

Total calculated

$0

Hours/week

3
Charles H TownsendCHARLES H TOWNSEND

AT-LARGE MEMBER

Total calculated

$0

Hours/week

3
Lauretta J BrunoLAURETTA J BRUNO

BOARD MEMBER

Total calculated

$0

Hours/week

3
David GuernseyDAVID GUERNSEY

BOARD MEMBER

Total calculated

$0

Hours/week

3
Amy H IronmongerAMY H IRONMONGER

BOARD MEMBER

Total calculated

$0

Hours/week

3
Ralph Heyward IshamRALPH HEYWARD ISHAM

BOARD MEMBER

Total calculated

$0

Hours/week

3
Gary A JobsonGARY A JOBSON

BOARD MEMBER

Total calculated

$0

Hours/week

3
Michael F JohnstonMICHAEL F JOHNSTON

BOARD MEMBER

Total calculated

$0

Hours/week

3
Comm Philip LotzCOMM PHILIP LOTZ

BOARD MEMBER

Total calculated

$0

Hours/week

3
Mark MashburnMARK MASHBURN

BOARD MEMBER

Total calculated

$0

Hours/week

3
Douglas NewhouseDOUGLAS NEWHOUSE

BOARD MEMBER

Total calculated

$0

Hours/week

3
Donald SteinerDONALD STEINER

BOARD MEMBER

Total calculated

$0

Hours/week

3
Charles F Willis IVCHARLES F WILLIS IV

BOARD MEMBER

Total calculated

$0

Hours/week

3
Carol O'MalleyCAROL O'MALLEY

BOARD MEMBER

Total calculated

$0

Hours/week

3
Art J Santry IIIART J SANTRY III

BOARD MEMBER

Total calculated

$0

Hours/week

3
Comm Paul M Zabetakis MDCOMM PAUL M ZABETAKIS MD

BOARD MEMBER

Total calculated

$0

Hours/week

3
George DavidGEORGE DAVID

PAST BOARD MEMBER

Total calculated

$0

Hours/week

3
Beatrice B WadsonBEATRICE B WADSON

EXECUTIVE DIRECTOR

Total calculated

$156,757

From this org

$150,578

From related orgs

$0

Other

$6,179

Hours/week

40

Schedule J breakdown matched by us

Base

$55,161

Bonus

$7,500

Other

$87,917

Deferred

$0

Nontaxable benefits

$6,179

Filer's total

$156,757

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

4a · Severance or change-of-control payment
4b · Supplemental nonqualified retirement plan
4c · Equity-based compensation arrangement
5a · Pay contingent on this organization's revenues
5b · Pay contingent on a related organization's revenues
6a · Pay contingent on this organization's net earnings
6b · Pay contingent on a related organization's net earnings
7 · Other non-fixed payments
8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type: form_990
Tax year: 2023
Filed: 5 November 2024
IRS schema version: 2023v5.1
Source object: 202443189349312009

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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