Civic Intelligence

Cottage Park Yacht Club Inc

EIN 04-1212036 • 501(c)7 • Winthrop, MA

Profile

Promote and encourage sailing, rowing, yachting, nautical science and social meetings.

76 Orlando AveWinthrop, MA 02152

www.cpyc.org

Siviq Scores

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

Liabilities / Assets

64th percentile

0.30x

Higher debt load relative to assets than 64% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

65th percentile

0.55x

Higher debt load relative to revenue than 65% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Source year 2024

Net Margin

63rd percentile

11%

Higher net margin than 63% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

81st percentile

$2,500

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.2% of source-year revenue.

501(c)7 • $1M-$5M nonprofits • Source year 2024

Asset Growth

50th percentile

2.3%

Faster asset growth than 50% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

21st percentile

-4.4%

Faster revenue growth than 21% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$2,491,757

Up $56,788 (+2.3%) from 2023

Liabilities

Down

$736,948

Down $90,792 (-11%) from 2023

Net Assets

Up

$1,754,809

Up $147,580 (+9.2%) from 2023

Revenue

Down

$1,348,620

Down $61,395 (-4.4%) from 2023

Expenses

Up

$1,201,040

Up $20,754 (+1.8%) from 2023

Net Income

Down

$147,580

Down $82,149 (-36%) from 2023

Trend Graphs

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2011: $1,008,378Liabilities 2011: $483,298Net Assets 2011: $525,0802011Assets 2012: $1,048,481Liabilities 2012: $453,130Net Assets 2012: $595,3512012Assets 2013: $1,122,647Liabilities 2013: $410,837Net Assets 2013: $711,8102013Assets 2014: $1,209,579Liabilities 2014: $389,611Net Assets 2014: $819,9682014Assets 2015: $1,314,220Liabilities 2015: $679,380Net Assets 2015: $634,8402015Assets 2016: $1,006,722Liabilities 2016: $602,534Net Assets 2016: $404,1882016Assets 2017: $0Liabilities 2017: $537,533Net Assets 2017: -$537,5332017Assets 2018: $1,218,169Liabilities 2018: $470,827Net Assets 2018: $747,3422018Assets 2019: $1,399,682Liabilities 2019: $412,286Net Assets 2019: $987,3962019Assets 2020: $1,407,705Liabilities 2020: $421,899Net Assets 2020: $985,8062020Assets 2021: $1,610,342Liabilities 2021: $375,574Net Assets 2021: $1,234,7682021Assets 2022: $1,715,463Liabilities 2022: $337,963Net Assets 2022: $1,377,5002022Assets 2023: $2,434,969Liabilities 2023: $827,740Net Assets 2023: $1,607,2292023Assets 2024: $2,491,757Liabilities 2024: $736,948Net Assets 2024: $1,754,8092024

Highlighted filing

2024

Assets$2,491,757
Liabilities$736,948
Net Assets$1,754,809

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $676,145Expenses 2011: $670,845Net Income 2011: $5,3002011Revenue 2012: $737,016Expenses 2012: $666,801Net Income 2012: $70,2152012Revenue 2013: $693,309Expenses 2013: $576,850Net Income 2013: $116,4592013Revenue 2014: $711,890Expenses 2014: $603,732Net Income 2014: $108,1582014Revenue 2015: $829,548Expenses 2015: $1,014,676Net Income 2015: -$185,1282015Revenue 2016: $814,984Expenses 2016: $1,045,636Net Income 2016: -$230,6522016Revenue 2017: $819,337Expenses 2017: $624,427Net Income 2017: $194,9102017Revenue 2018: $837,090Expenses 2018: $688,846Net Income 2018: $148,2442018Revenue 2019: $896,104Expenses 2019: $656,050Net Income 2019: $240,0542019Revenue 2020: $655,541Expenses 2020: $657,131Net Income 2020: -$1,5902020Revenue 2021: $1,050,733Expenses 2021: $841,371Net Income 2021: $209,3622021Revenue 2022: $1,036,858Expenses 2022: $873,626Net Income 2022: $163,2322022Revenue 2023: $1,410,015Expenses 2023: $1,180,286Net Income 2023: $229,7292023Revenue 2024: $1,348,620Expenses 2024: $1,201,040Net Income 2024: $147,5802024

Highlighted filing

2024

Revenue$1,348,620
Expenses$1,201,040
Net Income$147,580

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.49$0.74$1.75$1.35$1.20$0.15
2023Detailed filing. Detailed filing data is available for this year.$2.43$0.83$1.61$1.41$1.18$0.23
2022Detailed filing. Detailed filing data is available for this year.$1.72$0.34$1.38$1.04$0.87$0.16
2021Detailed filing. Detailed filing data is available for this year.$1.61$0.38$1.23$1.05$0.84$0.21
2020Detailed filing. Detailed filing data is available for this year.$1.41$0.42$0.99$0.66$0.66$0.00
2019Detailed filing. Detailed filing data is available for this year.$1.40$0.41$0.99$0.90$0.66$0.24
2018Summary only. Only limited summary data is available for this year.$1.22$0.47$0.75$0.84$0.69$0.15
2017Summary only. Only limited summary data is available for this year.$0.00$0.54$0.54$0.82$0.62$0.19
2016Summary only. Only limited summary data is available for this year.$1.01$0.60$0.40$0.81$1.05$0.23
2015Summary only. Only limited summary data is available for this year.$1.31$0.68$0.63$0.83$1.01$0.19
2014Summary only. Only limited summary data is available for this year.$1.21$0.39$0.82$0.71$0.60$0.11
2013Summary only. Only limited summary data is available for this year.$1.12$0.41$0.71$0.69$0.58$0.12
2012Summary only. Only limited summary data is available for this year.$1.05$0.45$0.60$0.74$0.67$0.07
2011Summary only. Only limited summary data is available for this year.$1.01$0.48$0.53$0.68$0.67$0.01
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jul 29, 2025
Return Version
2024v5.2
Gross Receipts
$1,747,588
Mission and Program Overview

Mission

Promote and encourage sailing, rowing, yachting, nautical science and social meetings.

The objective of the club is to promote and encorage sailing, rowing, yachting, nautical science and social meetings.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,220,204$2,073,493▲ $853,289
Rtn Earn Endowment Incm Other Fnds$1,607,229$1,754,809▲ $147,580
Loans From Officers Directors$500,000$450,000▼ $50,000
Savings and Temporary Cash Investments$946,796$336,989▼ $609,807
Cash and Non-Interest-Bearing Accounts$206,586$53,628▼ $152,958
Inventories for Sale or Use$25,096$24,881▼ $215
Prepaid Expenses and Deferred Charges$36,287$2,766▼ $33,521
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$2,434,969$2,491,757▲ $56,788
Liabilities
Mortgage Notes Payable Secured by Investment Property$219,590$206,738▼ $12,852
Accounts Payable and Accrued Expenses$108,150$80,210▼ $27,940
Total Liabilities$827,740$736,948▼ $90,792
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,607,229$1,754,809▲ $147,580
Total Liabilities and Net Assets / Fund Balance$2,434,969$2,491,757▲ $56,788

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,071,717$1,117,193$2,752,160
Equipment$1,704$171,205$172,909
Other Land Buildings$72$8,542$8,614
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jhosmar CastellanoSecretaryPT$2,500$2,500

Board Members and Trustees

NameTitle
Devon FieldsDirector
Janine StantonDirector
Michelle LentzDirector
Norman HyettDirector
David ReynoldsCommodore
Charles NewmanRear Commodore
Eric KirtonTreasurer
Al PowellVice Commodore
Revenue and Support

Revenue Composition

Contributions and Grants
$411,044
Program Service Revenue
$529,502
Investment Income
$23,629
Other Revenue
$384,445
Change in Net Assets
$147,580
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$683,578
Salaries, Compensation, and Employee Benefits$517,462
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$449,441
All Other Expenses---$189,352
Insurance---$141,407
Depreciation Depletion---$83,352
Payroll Taxes---$65,521
Interest---$45,756
Other Expenses---$32,504
Occupancy---$16,562
Information Technology---$5,969
Current Officers, Directors, Trustees, and Key Employees---$2,500
Advertising---$2,070
Office Expenses---$1,222
Total Functional Expenses$0$0$0$1,201,040
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$21,705
Fundraising Direct Expenses$12,473
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
$10,000 RAFFLE$21,705$21,705$1,098$20,607
Total Events$21,705$21,705$12,473$9,232
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$500,000$450,000▼ $50,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The cottage park yacht club is made up of 400 regular members and 16 life members. All members have the right to vote on any matter that comes before them. There is also 124 social members who do not have rights to vote.

Form 990, Part VI, Section A, Line 7A

At the annual meeting of the organization, elections are held for the board of directors for the ensuing year. Only members present with voting rights cast a vote.

Form 990, Part VI, Section A, Line 7B

All changes to the organizations by-laws must be voted upon by the general membership. In addition election to life membership is approved by the general membership

Form 990, Part VI, Section B, Line 11B

The form 990 is prepared by a member of the club. The return is reviewed before filing by the board of directors.

Form 990, Part VI, Section B, Line 12

This policy is monitored by the board as well as officers and is reviewed once a year during a board meeting.

Form 990, Part VI, Section C, Line 19

The organization is a club. The governing documents and financials statments are available to all members of the organization upon request.

Filing and Contact Details

Filer

Filer Name
Cottage Park Yacht Club Inc
EIN
04-1212036
Phone
6178462792
Address
76 ORLANDO AVE, WINTHROP, MA 02152

Signing Officer

Name
David Reynolds
Title
Commodore
Phone
6178462792
Signed
2025-07-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Reynolds
Formed
1902
Legal Domicile
Ma
Voting Board Members
9
Independent Board Members
9
Employees
53
Volunteers
51

Preparer

Firm
R A HALL & CO LLC CPA'S
Address
183 STATE STREET, BOSTON, MA 02109
Preparer
William J Hall
Phone
6177233333
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Supplies: program service expenses 0. Management and general expenses 0. Fundraising expenses 0. Total expenses 20,559. Commodores ball: program service expenses 0. Management and general expenses 0. Fundraising expenses 0. Total expenses 20,244. Dues and subscriptions: program service expenses 0. Management and general expenses 0. Fundraising expenses 0. Total expenses 18,155. Entertainment expense: program service expenses 0. Management and general expenses 0. Fundraising expenses 0. Total expenses 17,933. Marina expenses: program service expenses 0. Management and general expenses 0. Fundraising expenses 0. Total expenses 15,761. Social event expense: program service expenses 0. Management and general expenses 0. Fundraising expenses 0. Total expenses 15,418. Youth sailing program: program service expenses 0. Management and general expenses 0. Fundraising expenses 0. Total expenses 15,067. Member activity expenses: program service expenses 0. Management and general expenses 0. Fundraising expenses 0. Total expenses 11,647. Rubbish removal: program service expenses 0. Management and general expenses 0. Fundraising expenses 0. Total expenses 11,547. Payroll service fees: program service expenses 0. Management and general expenses 0. Fundraising expenses 0. Total expenses 6,746. Bank charges: program service expenses 0. Management and general expenses 0. Fundraising expenses 0. Total expenses 6,737. Clothing and accessories: program service expenses 0. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,937. Contribution: program service expenses 0. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,500. Windjammer: program service expenses 0. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,432. Business licenses: program service expenses 0. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,985. Telephone expenses: program service expenses 0. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,498. Security: program service expenses 0. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,222. Kayak program: program service expenses 0. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,017. Miscellaneous: program service expenses 0. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,987. Snow plow: program service expenses 0. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,958. Adult sailing: program service expenses 0. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,564. Rental expense: program service expenses 0. Management and general expenses 0. Fundraising expenses 0. Total expenses 438.

Raw XML AppendixShowing 400 of 684 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd260
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd270
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd280
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd290
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd300
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd320
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd330
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd340
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0MARINA ASSET REPLACEMENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1MARINA ASSET REPLACEMENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt2MARINA ASSET REPLACEMENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt3MARINA ASSET REPLACEMENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt4MARINA ASSET REPLACEMENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt5MARINA ASSET REPLACEMENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt6MARINA ASSET REPLACEMENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt7MARINA ASSET REPLACEMENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt8MARINA ASSET REPLACEMENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt9MARINA ASSET REPLACEMENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt10MARINA ASSET REPLACEMENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt11MARINA ASSET REPLACEMENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt12MARINA ASSET REPLACEMENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt13MARINA ASSET REPLACEMENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt14MARINA ASSET REPLACEMENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt15MARINA ASSET REPLACEMENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt16MARINA ASSET REPLACEMENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt17MARINA ASSET REPLACEMENT

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