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Nonprofiteer
← NEW YORK YACHT CLUB FOUNDATION

Form 990 for tax year 2022

Filed by NEW YORK YACHT CLUB FOUNDATION.

Totals

Total revenue
$2,169,633
Total expenses
$1,674,395
Contributions and grants received
$2,144,560
Grants paid
$0
Program service revenue
$0
Investment income
$13,254
Other revenue
$11,819
Total assets, end of year
$6,981,731
Total liabilities, end of year
$83,748
Net assets or fund balances, end of year
$6,897,983
Program services expenses (Part IX)
$1,266,005
Management and general expenses
$200,086
Fundraising expenses
$208,304
Program service expenses (Part III)
$1,266,005

Program services were 75.6% 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

    $25,125

  • 1f · All other contributions, gifts and grants

    $2,119,435

  • 1g · Noncash contributions included above

    $1,359,125

  • 3 · Investment income

    total $1,714 · excluded $1,714

  • 7a · Gross sales of assets other than inventory

    securities $1,354,089

  • 7b · Less cost or other basis and sales expenses

    securities $1,342,549

  • 7c · Gain or loss

    securities $11,540

  • 7d · Net gain or loss

    total $11,540 · excluded $11,540

  • 8a · Fundraising events: gross income

    $27,340

  • 8a · Fundraising events: contributions included on line 1c

    $25,125

  • 8b · Fundraising events: direct expenses

    $15,521

  • 8c · Net income from fundraising events

    total $11,819 · excluded $11,819

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $133,241 · program services $13,324 · management and general $13,324 · fundraising $106,593

  • 10 · Payroll taxes

    total $48,034 · program services $4,804 · management and general $4,802 · fundraising $38,428

  • 11b · Fees: legal

    total $25,813 · management and general $25,813

  • 11c · Fees: accounting

    total $7,200 · management and general $7,200

  • 13 · Office expenses

    total $42,001 · management and general $2,861 · fundraising $39,140

  • 17 · Travel

    total $9,554 · program services $955 · management and general $955 · fundraising $7,644

  • 19 · Conferences, conventions and meetings

    total $5,305 · management and general $5,305

  • 24a · Other expenses: BUILDING RESTORATION

    total $1,246,922 · program services $1,246,922

  • 24b · Other expenses: OTHER

    total $113,438 · management and general $96,939 · fundraising $16,499

  • 24c · Other expenses: BOOKKEEPING

    total $26,782 · management and general $26,782

  • 24d · Other expenses: COMMUNICATIONS

    total $14,555 · management and general $14,555

  • 24e · All other expenses

    total $1,550 · management and general $1,550

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,287,511 · end of year $3,926,918

  • 2 · Savings and temporary cash investments

    beginning of year $1,000 · end of year $1,368,453

  • 3 · Pledges and grants receivable

    beginning of year $759,115 · end of year $1,111,611

  • 4 · Accounts receivable

    beginning of year $1,397,543 · end of year $553,856

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,567 · end of year $15,857

  • 11 · Investments: publicly traded securities

    end of year $5,036

  • 17 · Accounts payable and accrued expenses

    beginning of year $151,899 · end of year $83,748

  • 18 · Grants payable

    beginning of year $898,203

  • 27 · Net assets without donor restrictions

    beginning of year $5,643,519 · end of year $5,786,372

  • 28 · Net assets with donor restrictions

    beginning of year $759,115 · end of year $1,111,611

Mission and programs · 2022

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 $1,266,005

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • William Mathews Brooks

    PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • Belinda J Shepard

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • Harry T Rein

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • Christopher L Otorowski

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • Lauretta J Bruno

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Marie Klok Crump

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • George A L David

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • David K Elwell Jr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • John J Holmgren Jr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Ralph Heyward Isham

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Gary A Jobson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Robert B MacKay

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Mark Mashburn

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Carol Omalley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Charles H Townsend

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Charles F Willis IV

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
1 November 2023
IRS schema version
2022v5.0
Source object
202333199349316498

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