Totals
- Total revenue
- $671,585
- Total expenses
- $633,840
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $592,004
- Investment income
- $4,909
- Other revenue
- $74,672
- Total assets, end of year
- $2,239,184
- Total liabilities, end of year
- $1,491,937
- Net assets or fund balances, end of year
- $747,247
- 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.
-
2a · Program service revenue: DOCK & MOORING FEES
total $307,373 · related or exempt $307,373
-
2b · Program service revenue: MEMBERSHIP DUES & ASSE
total $209,504 · related or exempt $209,504
-
2c · Program service revenue: SOCIAL ACTIVITIES
total $38,197 · related or exempt $38,197
-
2d · Program service revenue: CLUBHOUSE RENTAL
total $18,290 · related or exempt $18,290
-
2e · Program service revenue: INITIATION FEES
total $13,250 · related or exempt $13,250
-
2f · All other program service revenue
total $5,390 · related or exempt $5,390
-
3 · Investment income
total $4,909 · unrelated business $4,909
-
6a · Gross rents
real property $72,160
-
6b · Less rental expenses
real property $49,241
-
6c · Rental income or loss
real property $22,919
-
6d · Net rental income or loss
total $22,919 · unrelated business $22,919
-
10a · Gross sales of inventory
$466,266
-
10b · Cost of goods sold
$439,107
-
10c · Net income from sales of inventory
total $27,159 · related or exempt $28,321 · unrelated business -$1,162
-
11a · Other revenue: OTHER INCOME
total $23,504 · related or exempt $23,504
-
11b · Other revenue: MEMBER FINANCE CHARGES
total $1,090 · related or exempt $1,090
-
11e · Other revenue, total
$24,594
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $101,655
-
10 · Payroll taxes
total $41,846
-
11b · Fees: legal
total $1,010
-
11c · Fees: accounting
total $5,830
-
11g · Fees: other
total $3,586
-
12 · Advertising and promotion
total $7,339
-
13 · Office expenses
total $30,247
-
14 · Information technology
total $35,527
-
16 · Occupancy
total $70,466
-
19 · Conferences, conventions and meetings
total $3,203
-
20 · Interest
total $42,832
-
22 · Depreciation, depletion and amortization
total $66,001
-
23 · Insurance
total $67,250
-
24a · Other expenses: DOCK & MOORING EXPENSES
total $36,516
-
24b · Other expenses: SOCIAL & ENTERTAINMENT
total $35,687
-
24c · Other expenses: REPAIRS & MAINTENANCE
total $29,800
-
24d · Other expenses: CLEANING AND JANITORIAL
total $16,659
-
24e · All other expenses
total $38,386
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $635,239 · end of year $513,364
-
2 · Savings and temporary cash investments
beginning of year $166,179 · end of year $192,106
-
4 · Accounts receivable
beginning of year $144,754 · end of year $176,507
-
8 · Inventories for sale or use
beginning of year $20,276 · end of year $19,100
-
9 · Prepaid expenses and deferred charges
beginning of year $35,102 · end of year $39,891
-
10a · Land, buildings and equipment: cost or other basis
$4,323,797
-
10b · Land, buildings and equipment: accumulated depreciation
$3,222,683
-
10c · Land, buildings and equipment, net
beginning of year $1,027,289 · end of year $1,101,114
-
14 · Intangible assets
beginning of year $9,362 · end of year $8,234
-
15 · Other assets
beginning of year $188,868 · end of year $188,868
-
17 · Accounts payable and accrued expenses
beginning of year $42,155 · end of year $45,230
-
19 · Deferred revenue
beginning of year $323,154 · end of year $345,570
-
23 · Secured mortgages and notes payable
beginning of year $1,131,453 · end of year $1,088,112
-
25 · Other liabilities
beginning of year $20,805 · end of year $13,025
-
27 · Net assets without donor restrictions
beginning of year $709,502 · end of year $747,247
Mission and programs · 2023
Mission
TO PROVIDE MEANS FOR THE RECREATION AND ENTERTAINMENT OF ITS MEMBERS, BY ESTABLISHING AND MAINTAINING A CLUB WITH THE PROPER ANCHORAGE, MARINA AND RELATED FACILITIES TO PROMOTE YACHTING, SEAMANSHIP AND SOCIAL ACTIVITIES.
-
CONDUCTING NORMAL OPERATIONS OF A YACHT CLUB FOR THE BENEFIT OF ITS MEMBERS INCLUDING WATERFRONT ANCHORAGE AND MARINA FACILITIES.
-
MAINTAINING DINING AND LOUNGE FACILITIES FOR THE SOCIAL GATHERING OF MEMBERS AND THEIR GUESTS.
-
CLUB RACING AND OTHER CLUB EVENTS AND SOCIAL ACTIVITIES.
As filed on the 2023 return.
Listed in Part VII
-
Mark GallagherMARK GALLAGHER
COMMODORE
- Total calculated
- $0
- Hours/week
- 10
-
David TessitoreDAVID TESSITORE
VICE COMMODORE
- Total calculated
- $0
- Hours/week
- 10
-
Robert O'BrienROBERT O'BRIEN
REAR COMMODORE
- Total calculated
- $0
- Hours/week
- 10
-
Holly HuntHOLLY HUNT
SECRETARY
- Total calculated
- $0
- Hours/week
- 10
-
Pamela DalyPAMELA DALY
TREASURER
- Total calculated
- $0
- Hours/week
- 10
-
Nancy AubinNANCY AUBIN
ANCHORAGE
- Total calculated
- $0
- Hours/week
- 5
-
Al ColemanAL COLEMAN
BUILDING & GROUNDS
- Total calculated
- $0
- Hours/week
- 5
-
Susan TolandSUSAN TOLAND
HOUSE
- Total calculated
- $0
- Hours/week
- 5
-
Emily JamesEMILY JAMES
JUNIOR ACTIVITIES
- Total calculated
- $0
- Hours/week
- 5
-
Katherine SouleKATHERINE SOULE
LIBRARY/YEARBOOK
- Total calculated
- $0
- Hours/week
- 5
-
Kristofer BoutinKRISTOFER BOUTIN
MEMBERSHIP
- Total calculated
- $0
- Hours/week
- 5
-
Thomas TracyTHOMAS TRACY
RACE
- Total calculated
- $0
- Hours/week
- 5
-
Linda DemaineLINDA DEMAINE
SOCIAL
- Total calculated
- $0
- Hours/week
- 10
-
John SmithJOHN SMITH
WAYS & MEANS
- Total calculated
- $0
- Hours/week
- 10
-
Richard MagnantRICHARD MAGNANT
JUNIOR EX-COMMODORE
- 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.
-
RHODE ISLAND YACHT CLUB EDUCATIONAL FOUNDATION
501(C)(3) · EDUCATION RELATING TO SAILING, WATER SAFETY AND ENVIRONMENTAL POLICIES · RI
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 23 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202423099349301062
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