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Nonprofiteer
← BUFFALO YACHT CLUB

Form 990 for tax year 2023

Filed by BUFFALO YACHT CLUB.

Totals

Total revenue
$962,011
Total expenses
$1,486,682
Contributions and grants received
$16,095
Grants paid
$0
Program service revenue
$1,275,009
Investment income
-$5,205
Other revenue
-$323,888
Total assets, end of year
$3,118,539
Total liabilities, end of year
$352,276
Net assets or fund balances, end of year
$2,766,263
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.

  • 1f · All other contributions, gifts and grants

    $16,095

  • 2a · Program service revenue: DUES & OTHER MEMBER SERVICES

    total $1,014,112 · related or exempt $1,014,112

  • 2b · Program service revenue: INITIATION FEES & CAPITAL ASSESSM

    total $260,897 · related or exempt $260,897

  • 3 · Investment income

    total $73 · unrelated business $73

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

    other assets $5,278

  • 7c · Gain or loss

    other assets -$5,278

  • 7d · Net gain or loss

    total -$5,278 · excluded -$5,278

  • 10a · Gross sales of inventory

    $863,088

  • 10b · Cost of goods sold

    $1,194,694

  • 10c · Net income from sales of inventory

    total -$331,606 · related or exempt -$331,033 · unrelated business -$573

  • 11a · Other revenue: MISCELLANEOUS REVENUES

    total $7,718 · unrelated business $7,718

  • 11e · Other revenue, total

    $7,718

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $91,972

  • 7 · Other salaries and wages

    total $310,691

  • 9 · Other employee benefits

    total $49,435

  • 10 · Payroll taxes

    total $43,236

  • 11g · Fees: other

    total $127,761

  • 13 · Office expenses

    total $25,374

  • 20 · Interest

    total $5,170

  • 22 · Depreciation, depletion and amortization

    total $255,789

  • 23 · Insurance

    total $132,624

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $131,455

  • 24b · Other expenses: UTILITIES

    total $125,711

  • 24c · Other expenses: TAXES, LICENSES AND PER

    total $77,589

  • 24d · Other expenses: OFFICER/DIRECTOR EXPENS

    total $13,206

  • 24e · All other expenses

    total $96,669

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $366,546 · end of year $91,656

  • 2 · Savings and temporary cash investments

    beginning of year $74,080 · end of year $29,140

  • 4 · Accounts receivable

    beginning of year $195,163 · end of year $118,518

  • 8 · Inventories for sale or use

    beginning of year $46,266 · end of year $49,306

  • 9 · Prepaid expenses and deferred charges

    beginning of year $76,293 · end of year $53,410

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

    $8,539,618

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

    $5,763,109

  • 10c · Land, buildings and equipment, net

    beginning of year $2,862,252 · end of year $2,776,509

  • 17 · Accounts payable and accrued expenses

    beginning of year $98,244 · end of year $198,371

  • 19 · Deferred revenue

    beginning of year $59,226 · end of year $19,580

  • 25 · Other liabilities

    beginning of year $182,619 · end of year $134,325

  • 27 · Net assets without donor restrictions

    beginning of year $3,180,511 · end of year $2,666,263

  • 28 · Net assets with donor restrictions

    beginning of year $100,000 · end of year $100,000

Mission and programs · 2023

Mission

THE BUFFALO YACHT CLUB IS A SOCIAL CLUB. THE CLUB PROVIDES MEMBERS, THEIR FAMILIES, AND THEIR GUESTS WITH FACILTIES WHICH ENCOURAGE AND DEVELOP YACHTING AND OTHER AQUATIC SPORTS, AS WELL AS OTHER LEISURE TIME ACTIVITIES AND ENTERTAINMENT. THE BUFFALO YACHT CLUB IS THE ONLY TWELVE-MONTH, PRIVATE YACHT CLUB THAT ENJOYS TWO LOCATIONS IN TWO COUNTRIES AND IS SAID TO BE THE 3RD OLDEST YACHT CLUB IN AMERICA, BEING FORMED IN 1860.

  • PROVISION OF WATER ACCESS AND DINING FACILITIES TO CLUB MEMBERS.

    Revenue $943,976

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

Listed in Part VII

  • Kevin Osinski

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Paul Grenauer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Theodore Johnson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sara Hanavan Dziadzio

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jonathan Johnsen

    BOARD MEMBER/VICE COMMODORE

    Total calculated
    $0
    Hours/week
    2

  • Donna Atkinson

    BOARD MEMBER/REAR COMMODORE

    Total calculated
    $0
    Hours/week
    2

  • Kim Renyolds

    BOARD MEMBER/FLEET CAPTAIN

    Total calculated
    $0
    Hours/week
    2

  • Mike Kraft

    BOARD MEMBER/COMMODORE

    Total calculated
    $0
    Hours/week
    2

  • Jack Mehltretter

    BOARD MEMBER/TREASURER

    Total calculated
    $0
    Hours/week
    2

  • John Cosmann

    BOARD MEMBER/SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Brad Jones

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Klock

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Salvatore Depasquale

    CLUB GENERAL MANAGER (TO 2/2024)

    Total calculated
    $91,972
    From this org
    $91,972
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Christina Bennett

    CLUB GENERAL MANAGER (FROM 2/2024)

    Total calculated
    $0
    Hours/week
    40

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.

  • BUFFALO YACHT CLUB FOUNDATION

    501(C)(3) · TO TEACH FUNDAMENTAL SAILING SKILLS THROUGH EDUCATIONAL PROGRAMS. · NY · controlled entity

    Directly controlled by BUFFALO YACHT CLUB

Provenance

Return type
form_990
Tax year
2023
Filed
15 August 2025
IRS schema version
2023v6.0
Source object
202532279349300348

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