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Nonprofiteer
← PEQUOT YACHT CLUB INC

Form 990 for tax year 2022

Filed by PEQUOT YACHT CLUB INC.

Totals

Total revenue
$3,122,798
Total expenses
$2,704,157
Contributions and grants received
$1,374,515
Grants paid
$0
Program service revenue
$1,630,390
Investment income
$52,977
Other revenue
$64,916
Total assets, end of year
$4,041,276
Total liabilities, end of year
$148,105
Net assets or fund balances, end of year
$3,893,171
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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.

  • 1b · Membership dues

    $1,361,138

  • 1f · All other contributions, gifts and grants

    $13,377

  • 1g · Noncash contributions included above

    $13,377

  • 2a · Program service revenue: CAPITAL ASSESSMENT

    total $251,040 · related or exempt $251,040

  • 2f · All other program service revenue

    total $1,379,350 · related or exempt $1,379,350

  • 3 · Investment income

    total $52,977 · unrelated business $52,977

  • 11a · Other revenue: FUEL SALES

    total $28,531 · unrelated business $28,531

  • 11b · Other revenue: HIGH SCHOOL WEAR AND T

    total $21,243 · unrelated business $21,243

  • 11c · Other revenue: TOWN OF FAIRFIELD

    total $10,744 · unrelated business $10,744

  • 11d · All other revenue

    total $4,398 · unrelated business $4,398

  • 11e · Other revenue, total

    $64,916

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $1,085,163

  • 9 · Other employee benefits

    total $132,721

  • 10 · Payroll taxes

    total $90,164

  • 11g · Fees: other

    total $36,799

  • 14 · Information technology

    total $34,589

  • 22 · Depreciation, depletion and amortization

    total $230,612

  • 23 · Insurance

    total $133,023

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $181,569

  • 24b · Other expenses: REAL AND PERSONAL PROPE

    total $157,371

  • 24c · Other expenses: COST OF MERCHANDISE

    total $143,226

  • 24d · Other expenses: FUEL

    total $88,031

  • 24e · All other expenses

    total $390,889

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,498,152 · end of year $1,696,379

  • 4 · Accounts receivable

    beginning of year $110,306 · end of year $151,494

  • 8 · Inventories for sale or use

    beginning of year $23,511 · end of year $20,390

  • 9 · Prepaid expenses and deferred charges

    beginning of year $61,247 · end of year $83,288

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

    $5,983,519

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

    $3,893,794

  • 10c · Land, buildings and equipment, net

    beginning of year $1,898,188 · end of year $2,089,725

  • 17 · Accounts payable and accrued expenses

    beginning of year $116,874 · end of year $148,105

  • 27 · Net assets without donor restrictions

    beginning of year $3,474,530 · end of year $3,893,171

Mission and programs · 2022

Mission

SOCIAL CLUB EXCLUSIVELY FOR MEMBERS. CLUB PROMOTES SAILING TO ITS MEMBERS OF ALL AGES THROUGH JUNIOR AND SENIOR PROGRAMS ALONG WITH A COMPREHENSIVE FACILITY TO ATTEND TO SAILING NEEDS.

Activities or mission (Part I)

SOCIAL CLUB EXCLUSIVELY FOR MEMBERS

  • SOCIAL CLUB EXCLUSIVELY FOR MEMBERS. CLUB PROMOTES SAILING TO ITS MEMBERS OF ALL AGES THROUGH JUNIOR AND SENIOR PROGRAMS ALONG WITH A COMPREHENSIVE FACILITY TO ATTEND TO SAILING NEEDS.

As filed on the 2022 return.

Listed in Part VII

  • David Rosow Jr

    COMMODORE

    Total calculated
    $0
    Hours/week
    10

  • Ken Murphy

    VICE COMMODORE

    Total calculated
    $0
    Hours/week
    10

  • Suzanna Simmonds

    SECRETARY

    Total calculated
    $0
    Hours/week
    10

  • Devin Santa

    REAR COMMODORE

    Total calculated
    $0
    Hours/week
    10

  • Michael McIvor

    TREASURER

    Total calculated
    $0
    Hours/week
    10

  • Ken O'Donnell

    GOVERNOR

    Total calculated
    $0
    Hours/week
    10

  • Leo Valle

    GOVERNOR

    Total calculated
    $0
    Hours/week
    10

  • Betsy Hulme

    GOVERNOR

    Total calculated
    $0
    Hours/week
    10

  • David Wiswell

    GOVERNOR

    Total calculated
    $0
    Hours/week
    10

  • Phil Dickey

    GOVERNOR

    Total calculated
    $0
    Hours/week
    10

  • Tim Clark

    GOVERNOR

    Total calculated
    $0
    Hours/week
    10

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.

  • THE PEQUOT YACHT CLUB FOUNDATION INC

    501(C)(3) · FUNDRAISING TO SUPPORT PRESERVATION OF CLUB'S HISTORIC STRUCTURES. · CT · controlled entity

    Directly controlled by PEQUOT YACHT CLUB INC

Provenance

Return type
form_990
Tax year
2022
Filed
15 March 2024
IRS schema version
2022v5.0
Source object
202400759349300440

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