Civic Intelligence

Seal Harbor Yacht Club Inc

EIN 01-0537445 • 501(c)7 • Seal Harbor, ME

Profile

To provide sailing programs for children.

PO Box 308Seal Harbor, ME 04675

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

39th percentile

0.00x

Higher debt load relative to assets than 39% of similar nonprofits.

501(c)7 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

41st percentile

0.01x

Higher debt load relative to revenue than 41% of similar nonprofits.

501(c)7 • $500k-$1M nonprofits • Source year 2024

Net Margin

89th percentile

33%

Higher net margin than 89% of similar nonprofits.

501(c)7 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

89th percentile

$0

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)7 • $500k-$1M nonprofits • Source year 2024

Asset Growth

83rd percentile

18%

Faster asset growth than 83% of similar nonprofits.

501(c)7 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

93rd percentile

58%

Faster revenue growth than 93% of similar nonprofits.

501(c)7 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Up

$829,047

Up $125,704 (+18%) from 2023

Liabilities

Down

$2,259

Down $16,448 (-88%) from 2023

Net Assets

Up

$826,788

Up $142,152 (+21%) from 2023

Revenue

Up

$428,991

Up $157,559 (+58%) from 2023

Expenses

Up

$286,839

Up $14,825 (+5.5%) from 2023

Net Income

Up

$142,152

Up $142,734 (+24525%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.0M$500K$0Assets 2012: $559,634Liabilities 2012: $0Net Assets 2012: $559,6342012Assets 2013: $653,046Liabilities 2013: $200Net Assets 2013: $652,8462013Assets 2014: $646,449Liabilities 2014: $3,889Net Assets 2014: $642,5602014Assets 2015: $647,226Liabilities 2015: $959Net Assets 2015: $646,2672015Assets 2016: $656,036Liabilities 2016: $25,814Net Assets 2016: $630,2222016Assets 2017: $598,807Liabilities 2017: $7,266Net Assets 2017: $591,5412017Assets 2018: $620,639Liabilities 2018: $10,533Net Assets 2018: $610,1062018Assets 2019: $692,636Liabilities 2019: $20,648Net Assets 2019: $671,9882019Assets 2020: $702,056Liabilities 2020: $1,879Net Assets 2020: $700,1772020Assets 2021: $692,565Liabilities 2021: $634Net Assets 2021: $691,9312021Assets 2022: $685,218Liabilities 2022: $0Net Assets 2022: $685,2182022Assets 2023: $703,343Liabilities 2023: $18,707Net Assets 2023: $684,6362023Assets 2024: $829,047Liabilities 2024: $2,259Net Assets 2024: $826,7882024

Highlighted filing

2024

Assets$829,047
Liabilities$2,259
Net Assets$826,788

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KRevenue 2012: $167,780Expenses 2012: $117,427Net Income 2012: $50,3532012Revenue 2013: $188,114Expenses 2013: $138,387Net Income 2013: $49,7272013Revenue 2014: $196,567Expenses 2014: $206,610Net Income 2014: -$10,0432014Revenue 2015: $207,071Expenses 2015: $203,608Net Income 2015: $3,4632015Revenue 2016: $196,365Expenses 2016: $212,241Net Income 2016: -$15,8762016Revenue 2017: $184,618Expenses 2017: $223,295Net Income 2017: -$38,6772017Revenue 2018: $232,008Expenses 2018: $213,443Net Income 2018: $18,5652018Revenue 2019: $297,049Expenses 2019: $235,167Net Income 2019: $61,8822019Revenue 2020: $219,256Expenses 2020: $191,067Net Income 2020: $28,1892020Revenue 2021: $258,108Expenses 2021: $266,354Net Income 2021: -$8,2462021Revenue 2022: $260,817Expenses 2022: $266,420Net Income 2022: -$5,6032022Revenue 2023: $271,432Expenses 2023: $272,014Net Income 2023: -$5822023Revenue 2024: $428,991Expenses 2024: $286,839Net Income 2024: $142,1522024

Highlighted filing

2024

Revenue$428,991
Expenses$286,839
Net Income$142,152

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jul 1, 2025
Return Version
2024v5.0
Gross Receipts
$441,712
Mission and Program Overview

Mission

To provide sailing programs for children.

Instructing sailing lessons for children.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pd in Cap Srpls Land Bldg Eqp Fund$334,872$451,745▲ $116,873
Rtn Earn Endowment Incm Other Fnds$349,764$375,043▲ $25,279
Land, Buildings, and Equipment, Net$333,820$332,867▼ $953
Savings and Temporary Cash Investments$333,756$293,843▼ $39,913
Cash and Non-Interest-Bearing Accounts$26,146$44,528▲ $18,382
Accounts Receivable$1,796$28,355▲ $26,559
Inventories for Sale or Use$7,825$10,573▲ $2,748
Total Assets$703,343$829,047▲ $125,704
Other Assets Total-$118,881-
Liabilities
Accounts Payable and Accrued Expenses$18,707$2,259▼ $16,448
Total Liabilities$18,707$2,259▼ $16,448
Net Assets / Fund Balance
Total Net Assets Fund Balance$684,636$826,788▲ $142,152
Total Liabilities and Net Assets / Fund Balance$703,343$829,047▲ $125,704

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$259,416$473,172$732,588
Equipment$62,584$86,353$148,937
Buildings$10,867$1,943$12,810
Other Assets Org$118,881--
Compensation and Service Providers
Revenue and Support

Revenue Composition

Contributions and Grants
$369,240
Program Service Revenue
$40,184
Investment Income
$10,144
Other Revenue
$9,423
All Other Contributions
$155,261
Change in Net Assets
$142,152
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$201,271
Salaries, Compensation, and Employee Benefits$85,568
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$78,091
Depreciation Depletion---$32,605
Fees for Services Legal---$19,465
Insurance---$15,361
Occupancy---$11,605
Other Expenses---$10,427
Payroll Taxes---$7,477
All Other Expenses---$6,497
Office Expenses---$6,203
Fees for Services Accounting---$3,550
Fees for Services Other---$1,638
Total Functional Expenses$0$0$0$286,839
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

The organization has members

Form 990, Page 6, Part VI, Line 7A

The members of the club elect the board members and officers of the organization each year.

Form 990, Page 6, Part VI, Line 11B

Reviewed by executive committee

Form 990, Page 6, Part VI, Line 19

Governing documents and financial statements are not made available to the public. Members may have them upon request.

Filing and Contact Details

Filer

Filer Name
Seal Harbor Yacht Club Inc
EIN
01-0537445
Phone
2072765888
Address
PO BOX 308, SEAL HARBOR, ME 04675

Signing Officer

Name
David Thibodeau
Title
Treasurer
Phone
2072765888
Signed
2025-07-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Sullivan Jr
Formed
2000
Legal Domicile
Me
Voting Board Members
20
Independent Board Members
20
Employees
13

Preparer

Firm
Hmv LLC
Address
PO BOX 543, ELLSWORTH, ME 04605
Preparer
Ellen Cleveland
Phone
2076675529
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IRS990/MoreThan5000KToOrgInd0false
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IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt0118881
IRS990/OtherExpensesGrp/Desc0BOATS MAINTENANCE & STORA
IRS990/OtherExpensesGrp/Desc1FLOATS MAINTENANCE & STOR
IRS990/OtherExpensesGrp/Desc2BUILDING & GROUNDS MAINTE
IRS990/OtherExpensesGrp/Desc3PARTY EXPENSE
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IRS990/OtherExpensesGrp/TotalAmt126180
IRS990/OtherExpensesGrp/TotalAmt223612
IRS990/OtherExpensesGrp/TotalAmt310427
IRS990/OtherRevenueMiscGrp/Desc0CLUB HOUSE RENTAL
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IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0JOHN SULLIVAN JR
IRS990/ProfessionalFundraisingInd0false
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt01943
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt012810
IRS990ScheduleD/EquipmentGrp/BookValueAmt062584
IRS990ScheduleD/EquipmentGrp/DepreciationAmt086353
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0148937
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0118881
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CONSTRUCTION IN PROGRESS
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IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0732588
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IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MEMBERS OF THE CLUB ELECT THE BOARD MEMBERS AND OFFICERS OF THE ORGANIZATION EACH YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2REVIEWED BY EXECUTIVE COMMITTEE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. MEMBERS MAY HAVE THEM UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt020
IRS990/VotingMembersIndependentCnt020
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID THIBODEAU
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum02072765888
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-07-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SEAL HARBOR YACHT CLUB INC

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