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Nonprofiteer
← NEW YORK YACHT CLUB REGATTA ASSOCIATION INC

Form 990 for tax year 2023

Filed by NEW YORK YACHT CLUB REGATTA ASSOCIATION INC.

Totals

Total revenue
$2,012,925
Total expenses
$1,787,012
Contributions and grants received
$285,000
Grants paid
$0
Program service revenue
$1,721,016
Investment income
$0
Other revenue
$6,909
Total assets, end of year
$682,391
Total liabilities, end of year
$217,173
Net assets or fund balances, end of year
$465,218
Program services expenses (Part IX)
$1,528,896
Management and general expenses
$258,116
Fundraising expenses
$0
Program service expenses (Part III)
$1,528,896

Program services were 85.6% 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.

  • 1f · All other contributions, gifts and grants

    $285,000

  • 2a · Program service revenue: SPONSORSHIP FEES

    total $915,143 · related or exempt $915,143

  • 2b · Program service revenue: ENTRY FEES

    total $464,733 · related or exempt $464,733

  • 2c · Program service revenue: SOCIAL FUNCTIONS

    total $341,140 · related or exempt $341,140

  • 11a · Other revenue: OTHER

    total $6,909 · related or exempt $6,909

  • 11e · Other revenue, total

    $6,909

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $18,351 · management and general $18,351

  • 11c · Fees: accounting

    total $46,305 · management and general $46,305

  • 12 · Advertising and promotion

    total $13,717 · program services $13,717

  • 13 · Office expenses

    total $10,011 · management and general $10,011

  • 23 · Insurance

    total $67,257 · management and general $67,257

  • 24a · Other expenses: REGATTA EXPENSES

    total $1,343,289 · program services $1,343,289

  • 24b · Other expenses: OTHER PROGRAM COSTS

    total $288,082 · program services $171,890 · management and general $116,192

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,014,352 · end of year $676,287

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,250 · end of year $6,104

  • 17 · Accounts payable and accrued expenses

    beginning of year $320,306 · end of year $211,573

  • 19 · Deferred revenue

    beginning of year $459,991 · end of year $5,600

  • 27 · Net assets without donor restrictions

    beginning of year $239,305 · end of year $465,218

Mission and programs · 2023

Mission

SEE SCHEDULE O.

Activities or mission (Part I)

TO PROMOTE AMATEUR SAILING COMPETITION BY CONDUCTING REGIONAL, NATIONAL AND INTERNATIONAL REGATTAS AND RACES, PROVIDING TRAINING, CONDUCTING CONFERENCES AND MEETINGS, AND PROVIDING GRANTS AND SERVICES IN FURTHERANCE THEREOF, AND TO SOLICIT, COLLECT AND EXPEND FUNDS FOR SUCH PURPOSES.

  • TO PROMOTE AMATEUR SAILING COMPETITION BY CONDUCTING REGIONAL, NATIONAL AND INTERNATIONAL REGATTAS AND RACES, PROVIDING TRAINING, CONDUCTING CONFERENCES AND MEETINGS, AND PROVIDING GRANTS AND SERVICES IN FURTHERANCE THEREOF, AND TO SOLICIT, COLLECT AND EXPAND FUNDS FOR SUCH PURPOSES.

    Expenses $1,528,896 · Revenue $1,727,925

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

Listed in Part VII

  • James F Wilson

    PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • Benjamin E Kinney

    VICE PRESIDENT - SAILING

    Total calculated
    $0
    Hours/week
    3

  • John A Vincze

    VICE PRESIDENT - SPONSORSH

    Total calculated
    $0
    Hours/week
    3

  • Steven A Wolff

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • Mason R Chrisman

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • Kenneth P Urban

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • L Jay Cross

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Marie Klok Crump

    DIRECTOR

    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
2023
Filed
16 October 2024
IRS schema version
2023v5.1
Source object
202443109349302554

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