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Nonprofiteer
← BUFFALO YACHT CLUB FOUNDATION INC

Form 990 for tax year 2022

Filed by BUFFALO YACHT CLUB FOUNDATION INC.

Totals

Total revenue
$244,238
Total expenses
$256,644
Contributions and grants received
$55,351
Grants paid
$0
Program service revenue
$178,822
Investment income
$10,065
Other revenue
$0
Total assets, end of year
$352,749
Total liabilities, end of year
$16,692
Net assets or fund balances, end of year
$336,057
Program services expenses (Part IX)
$256,644
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$256,644

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

    $55,351

  • 2a · Program service revenue: SUMMER CAMP

    total $132,396 · related or exempt $132,396

  • 2b · Program service revenue: SAILING

    total $46,426 · related or exempt $46,426

  • 3 · Investment income

    total $10,065 · excluded $10,065

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $117,315 · program services $117,315

  • 10 · Payroll taxes

    total $14,686 · program services $14,686

  • 12 · Advertising and promotion

    total $551 · program services $551

  • 17 · Travel

    total $1,764 · program services $1,764

  • 22 · Depreciation, depletion and amortization

    total $20,437 · program services $20,437

  • 23 · Insurance

    total $9,586 · program services $9,586

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $65,437 · program services $65,437

  • 24b · Other expenses: BOATING EXPENSE

    total $11,812 · program services $11,812

  • 24c · Other expenses: CREDIT CARD FEES

    total $7,373 · program services $7,373

  • 24d · Other expenses: MISCELLANEOUS EXPENSE

    total $4,373 · program services $4,373

  • 24e · All other expenses

    total $3,310 · program services $3,310

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $317,578 · end of year $231,267

  • 4 · Accounts receivable

    beginning of year $0 · end of year $14,430

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

    $395,636

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

    $307,753

  • 10c · Land, buildings and equipment, net

    beginning of year $108,320 · end of year $87,883

  • 15 · Other assets

    beginning of year $0 · end of year $19,169

  • 19 · Deferred revenue

    beginning of year $14,559 · end of year $16,692

  • 25 · Other liabilities

    beginning of year $62,876 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $281,190 · end of year $268,784

  • 28 · Net assets with donor restrictions

    beginning of year $67,273 · end of year $67,273

Mission and programs · 2022

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 $256,644 · Revenue $178,822

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

Listed in Part VII

  • Michael Kraft

    BOARD MEMBER/PRESIDENT & CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Gail Maccleverty

    BOARD MEMBER/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Paul R Neureuter

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • William Bredenburg

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Robert Fohl

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kevin Murrett

    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

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
2022
Filed
13 August 2024
IRS schema version
2022v5.0
Source object
202412289349300426

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