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Nonprofiteer
← BUFFALO YACHT CLUB FOUNDATION INC

Form 990 for tax year 2024

Filed by BUFFALO YACHT CLUB FOUNDATION INC.

Totals

Total revenue
$387,378
Total expenses
$290,520
Contributions and grants received
$119,597
Grants paid
$0
Program service revenue
$205,000
Investment income
$21,152
Other revenue
$41,629
Total assets, end of year
$785,338
Total liabilities, end of year
$15,096
Net assets or fund balances, end of year
$770,242
Program services expenses (Part IX)
$290,520
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$290,520

Program services were 100.0% 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.

  • 1f · All other contributions, gifts and grants

    $119,597

  • 2a · Program service revenue: SUMMER CAMP

    total $167,459 · related or exempt $167,459

  • 2b · Program service revenue: SAILING

    total $37,541 · related or exempt $37,541

  • 3 · Investment income

    total $7,202 · excluded $7,202

  • 7a · Gross sales of assets other than inventory

    other assets $13,950

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

    other assets $0

  • 7c · Gain or loss

    other assets $13,950

  • 7d · Net gain or loss

    total $13,950 · excluded $13,950

  • 8a · Fundraising events: gross income

    $60,029

  • 8b · Fundraising events: direct expenses

    $29,682

  • 8c · Net income from fundraising events

    total $30,347 · excluded $30,347

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $11,282 · related or exempt $11,282

  • 11e · Other revenue, total

    $11,282

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $138,234 · program services $138,234

  • 10 · Payroll taxes

    total $13,721 · program services $13,721

  • 11c · Fees: accounting

    total $7,100 · program services $7,100

  • 12 · Advertising and promotion

    total $313 · program services $313

  • 13 · Office expenses

    total $3,427 · program services $3,427

  • 17 · Travel

    total $13,170 · program services $13,170

  • 20 · Interest

    total $250 · program services $250

  • 22 · Depreciation, depletion and amortization

    total $29,743 · program services $29,743

  • 23 · Insurance

    total $23,333 · program services $23,333

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $22,943 · program services $22,943

  • 24b · Other expenses: BOATING EXPENSE

    total $20,662 · program services $20,662

  • 24c · Other expenses: CREDIT CARD FEES

    total $10,328 · program services $10,328

  • 24d · Other expenses: PAYROLL SERVICE FEE

    total $2,327 · program services $2,327

  • 24e · All other expenses

    total $4,969 · program services $4,969

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $492,715 · end of year $504,032

  • 9 · Prepaid expenses and deferred charges

    end of year $10,868

  • 10a · Land, buildings and equipment: cost or other basis

    $521,401

  • 10b · Land, buildings and equipment: accumulated depreciation

    $250,963

  • 10c · Land, buildings and equipment, net

    beginning of year $198,392 · end of year $270,438

  • 15 · Other assets

    beginning of year $1,393 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,782 · end of year $3,364

  • 19 · Deferred revenue

    beginning of year $17,334 · end of year $11,732

  • 27 · Net assets without donor restrictions

    beginning of year $437,019 · end of year $404,978

  • 28 · Net assets with donor restrictions

    beginning of year $236,365 · end of year $365,264

Mission and programs · 2024

Mission

THE ORGANIZATION WAS FORMED TO PROMOTE PHYSICAL FITNESS, PERSONAL DEVELOPMENT, SELF-DISCIPLINE, TEAMWORK, AND WATER SAFETY BY CONDUCTING PROGRAMS TO COACH INDIVIDUAL MEMBERS OF THE GENERAL PUBLIC IN FUNDAMENTAL SAILING SKILLS.

  • TEACHING FUNDAMENTAL SAILING SKILLS THROUGH EDUCATIONAL PROGRAMS.

    Expenses $290,520 · Revenue $216,282

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Michael Barry

    BOARD MEMBER/PRESIDENT (TO 11/21/24)

    Total calculated
    $0
    Hours/week
    1

  • Gail Maccleverty

    BOARD MEMBER/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • David Woollatt

    BOARD MEMBER/SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • William Bredenburg

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • James Kulwicki

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Eugene O'Neill

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Peter Godfrey

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Charles G Obersheimer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Carolyn Morris Hunt

    BOARD MEMBER/PRESIDENT (AT JAN 2025)

    Total calculated
    $0
    Hours/week
    1

  • John Cosmann

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • John Reinhold

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
14 August 2026
IRS schema version
2024v5.5
Source object
202642269349302069

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