Civic Intelligence

New Bedford Yacht Club

EIN 04-1659530 • 501(c)7 • South Dartmouth, MA

Profile

To have a membership composed of yachting and boating enthusiasts of good character and all ages that is predominantly resident to local area, represents a broad spectrum of the community, and is appropriate in size for our facilities; to promote and encourage yachting and boating by providing our members and guests with a clubhouse, harbor facilities, services and related activities; to provide instruction in yachting and boating safety, an educational program in sailboat racing and handling, and an organized yacht racing program for our members and such guests as we can accommodate; to promote and encourage fellowship, friendship and camaraderie among our members and guests; to maintain a standard of excellence in all aspects of our operations including maintenance and improvement of our facilities.

208 Elm StreetSouth Dartmouth, MA 02748

www.nbyc.com

Siviq Scores

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

Liabilities / Assets

41st percentile

0.34x

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

501(c)7 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

58th percentile

0.78x

Higher debt load relative to revenue than 58% of similar nonprofits.

501(c)7 • $5M-$10M nonprofits • Source year 2024

Net Margin

76th percentile

13%

Higher net margin than 76% of similar nonprofits.

501(c)7 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

77th percentile

$198,250

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 8.1% of source-year revenue.

501(c)7 • $5M-$10M nonprofits • Source year 2024

Asset Growth

71st percentile

7.2%

Faster asset growth than 71% of similar nonprofits.

501(c)7 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

58th percentile

7.6%

Faster revenue growth than 58% of similar nonprofits.

501(c)7 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$5,622,267

Up $379,703 (+7.2%) from 2023

Liabilities

Up

$1,898,160

Up $74,511 (+4.1%) from 2023

Net Assets

Up

$3,724,107

Up $305,192 (+8.9%) from 2023

Revenue

Up

$2,439,889

Up $173,140 (+7.6%) from 2023

Expenses

Up

$2,134,697

Up $221,042 (+12%) from 2023

Net Income

Down

$305,192

Down $47,902 (-14%) from 2023

Trend Graphs

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $1,678,583Liabilities 2011: $270,323Net Assets 2011: $1,408,2602011Assets 2012: $1,858,565Liabilities 2012: $302,139Net Assets 2012: $1,556,4262012Assets 2013: $1,956,059Liabilities 2013: $243,359Net Assets 2013: $1,712,7002013Assets 2014: $2,021,335Liabilities 2014: $253,753Net Assets 2014: $1,767,5822014Assets 2015: $2,104,983Liabilities 2015: $270,954Net Assets 2015: $1,834,0292015Assets 2016: $2,143,587Liabilities 2016: $229,962Net Assets 2016: $1,913,6252016Assets 2017: $2,213,697Liabilities 2017: $252,119Net Assets 2017: $1,961,5782017Assets 2018: $3,155,423Liabilities 2018: $1,233,136Net Assets 2018: $1,922,2872018Assets 2019: $3,389,873Liabilities 2019: $1,318,366Net Assets 2019: $2,071,5072019Assets 2020: $3,729,806Liabilities 2020: $1,355,342Net Assets 2020: $2,374,4642020Assets 2021: $4,331,969Liabilities 2021: $1,560,541Net Assets 2021: $2,771,4282021Assets 2022: $4,742,193Liabilities 2022: $1,676,372Net Assets 2022: $3,065,8212022Assets 2023: $5,242,564Liabilities 2023: $1,823,649Net Assets 2023: $3,418,9152023Assets 2024: $5,622,267Liabilities 2024: $1,898,160Net Assets 2024: $3,724,1072024

Highlighted filing

2024

Assets$5,622,267
Liabilities$1,898,160
Net Assets$3,724,107

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,060,384Expenses 2011: $1,077,752Net Income 2011: -$17,3682011Revenue 2012: $1,175,983Expenses 2012: $1,027,817Net Income 2012: $148,1662012Revenue 2013: $1,466,624Expenses 2013: $1,369,446Net Income 2013: $97,1782013Revenue 2014: $1,473,428Expenses 2014: $1,418,546Net Income 2014: $54,8822014Revenue 2015: $1,464,536Expenses 2015: $1,398,089Net Income 2015: $66,4472015Revenue 2016: $1,504,080Expenses 2016: $1,424,484Net Income 2016: $79,5962016Revenue 2017: $1,476,430Expenses 2017: $1,428,477Net Income 2017: $47,9532017Revenue 2018: $1,620,135Expenses 2018: $1,567,742Net Income 2018: $52,3932018Revenue 2019: $1,711,840Expenses 2019: $1,562,620Net Income 2019: $149,2202019Revenue 2020: $1,790,646Expenses 2020: $1,487,689Net Income 2020: $302,9572020Revenue 2021: $2,268,052Expenses 2021: $1,871,088Net Income 2021: $396,9642021Revenue 2022: $2,159,932Expenses 2022: $1,865,539Net Income 2022: $294,3932022Revenue 2023: $2,266,749Expenses 2023: $1,913,655Net Income 2023: $353,0942023Revenue 2024: $2,439,889Expenses 2024: $2,134,697Net Income 2024: $305,1922024

Highlighted filing

2024

Revenue$2,439,889
Expenses$2,134,697
Net Income$305,192

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.62$1.90$3.72$2.44$2.13$0.31
2023Detailed filing. Detailed filing data is available for this year.$5.24$1.82$3.42$2.27$1.91$0.35
2022Detailed filing. Detailed filing data is available for this year.$4.74$1.68$3.07$2.16$1.87$0.29
2021Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$4.33$1.56$2.77$2.27$1.87$0.40
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.73$1.36$2.37$1.79$1.49$0.30
2019Detailed filing. Detailed filing data is available for this year.$3.39$1.32$2.07$1.71$1.56$0.15
2018Detailed filing. Detailed filing data is available for this year.$3.16$1.23$1.92$1.62$1.57$0.05
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.21$0.25$1.96$1.48$1.43$0.05
2016Detailed filing. Detailed filing data is available for this year.$2.14$0.23$1.91$1.50$1.42$0.08
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.10$0.27$1.83$1.46$1.40$0.07
2014Detailed filing. Detailed filing data is available for this year.$2.02$0.25$1.77$1.47$1.42$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.96$0.24$1.71$1.47$1.37$0.10
2012Summary only. Only limited summary data is available for this year.$1.86$0.30$1.56$1.18$1.03$0.15
2011Summary only. Only limited summary data is available for this year.$1.68$0.27$1.41$1.06$1.08$0.02
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jul 16, 2025
Return Version
2024v5.2
Gross Receipts
$3,809,779
Mission and Program Overview

Mission

To have a membership composed of yachting and boating enthusiasts of good character and all ages that is predominantly resident to local area, represents a broad spectrum of the community, and is appropriate in size for our facilities; to promote and encourage yachting and boating by providing our members and guests with a clubhouse, harbor facilities, services and related activities; to provide instruction in yachting and boating safety, an educational program in sailboat racing and handling, and an organized yacht racing program for our members and such guests as we can accommodate; to promote and encourage fellowship, friendship and camaraderie among our members and guests; to maintain a standard of excellence in all aspects of our operations including maintenance and improvement of our facilities.

The club was formed in 1878 and is located in padanaram harbor in dartmouth, massachusetts. It has a rich history and diverse membership with outstanding facilities, including a clubhouse and waterfront with docks, slips, launching facilities, harbor launch and fuel services. Activities include a sailing school that was the start of many high school, collegiate and all american sailors; an active wednesday night racing series and periodic perpetual trophy races for competitive sailors; a host of social events during the active summer and more limited winter seasons; and an annual cruise of a week or more with shorter cruising events during the summer season.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,969,048$2,111,400▲ $142,352
Accounts Receivable$1,649,108$1,684,133▲ $35,025
Savings and Temporary Cash Investments$1,404,267$1,450,324▲ $46,057
Cash and Non-Interest-Bearing Accounts$75,147$175,583▲ $100,436
Prepaid Expenses and Deferred Charges$40,167$72,917▲ $32,750
Inventories for Sale or Use$46,064$66,282▲ $20,218
Intangible Assets$34,316$37,181▲ $2,865
Total Assets$5,242,564$5,622,267▲ $379,703
Other Assets Total$24,447$24,447→ $0
Liabilities
Deferred Revenue$1,670,972$1,814,759▲ $143,787
Accounts Payable and Accrued Expenses$142,734$67,322▼ $75,412
Other Liabilities$9,943$16,079▲ $6,136
Total Liabilities$1,823,649$1,898,160▲ $74,511
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,414,125$3,719,317▲ $305,192
Net Assets With Donor Restrictions$4,790$4,790→ $0
Total Net Assets Fund Balance$3,418,915$3,724,107▲ $305,192
Total Liabilities and Net Assets / Fund Balance$5,242,564$5,622,267▲ $379,703

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,232,518$1,306,211$2,538,729
Buildings$435,891$1,447,975$1,883,866
Equipment$105,977$291,658$397,635
Land$337,014-$337,014
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
John BagliniGeneral ManagerFT$145,441$52,809$198,250
Kristen GrayFinance and Operations DirectorFT$110,488$4,327$114,815

Board Members and Trustees

NameTitle
Alex P KavanaughDirector
Andrew LimaDirector
Benjamin W SperryDirector
Christopher B FairfaxDirector
Christopher HillerDirector
David E Adelberg MdDirector
Farrel P SimpsonDirector
Holly E CorreiraDirector
Joseph SciutoDirector
Kelly J WilburDirector
Michelle HoytDirector
Alan H FergusonDirector Eff. 11/24
Cindy BrownDirector Eff. 11/24
Derek Hausladen MdDirector Eff. 11/24
Stephen D RicciardiDirector Eff. 11/24
Kinder WoodcockDirector Until 11/24
Louis a BrancoDirector Until 11/24
Mark C TouheyDirector Until 11/24
Alison Macgregor DurantDirector/rear Commodore Eff. 11/24
Blair W TracyCommodore Until 11/24
Andrew F HerlihyR. Commodore/v. Commodore Eff. 11/24
Betts Howes MurraySecretary
Roger KuebelTreasurer Eff. 11/24
Todd S WoodacreTreasurer Until 11/24
Stephen P VescioVice Commodore/commodore Eff. 11/24
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,353,682
Investment Income
$82,857
Other Revenue
$3,350
Change in Net Assets
$305,192

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,439,889
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,366,693
Total Revenue per Audited Statements
$3,806,582
Total Revenue per Form 990
$2,439,889
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,092,171
Salaries, Compensation, and Employee Benefits$1,042,526
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$687,519
Depreciation Depletion---$245,061
Insurance---$211,390
Current Officers, Directors, Trustees, and Key Employees---$198,250
Occupancy---$163,686
Payroll Taxes---$83,462
Information Technology---$70,132
Office Expenses---$69,575
Other Employee Benefits---$54,576
Other Expenses---$49,466
All Other Expenses---$39,333
Fees for Services Accounting---$21,893
Pension Plan Contributions---$18,719
Fees for Services Other---$14,964
Interest---$484
Total Functional Expenses$0$0$0$2,134,697

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,501,390
Total Expenses per Form 990$2,134,697
Expenses per Audited Statements$2,131,806
Expenses Not Reported on Form 990$1,369,584
Expenses Not Reported on Financial Statements$2,891
Other Expense Adjustments$2,891
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Finance Lease Liability$10,768
Operating Lease Liabilities$5,311
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The club has five classes of membership; senior, intermediate, junior, emeritus and honorary.

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

The election of officers and members of the board of directors are chosen by the members at the annual meeting of the club.

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

A responsible person is provided with the form 990 to review for its completeness and accuracy.

Form 990, Part VI, Section B, Line 12C

Board members and senior staff of the club annually disclose and promptly update any disclosures previously made to the commodore and the executive committee on a form that is attached to the conflict of interest policy.

Form 990, Part VI, Section B, Line 15A

The club's personnel committee reviews compensation on an annual basis. The committee reports to the board of directors. Compensation is subject to board approval. An employment contract with the club is provided to document compensation.

Form 990, Part VI, Section C, Line 19

The club's governing documents and financial statements are not public information.

Filing and Contact Details

Filer

Filer Name
New Bedford Yacht Club
EIN
04-1659530
Phone
5089970762
Address
208 ELM STREET, SOUTH DARTMOUTH, MA 02748

Signing Officer

Name
Roger Kuebel
Title
Treasurer
Phone
5089970762
Signed
2025-07-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stephen P Vescio
Formed
1878
Legal Domicile
Ma
Voting Board Members
20
Independent Board Members
20
Employees
95
Volunteers
100

Preparer

Firm
Pkf Jnd Pc
Address
400 CROWN COLONY DRIVE SUITE 102, QUINCY, MA 02169
Preparer
Amanda Wolfe
Phone
6174220007
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

The process has not changed from the prior year.

Financial Statement Notes

PART III, LINE 4:

The club's collectibles are made up of artifacts of historical significance. These items are displayed in the clubhouse for the enjoyment and use of the members of the club.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Costs of goods sold 1,369,584. Insurance losses net -2,891.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Costs of goods sold 1,369,584.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Insurance losses net 2,891.

Raw XML AppendixShowing 400 of 617 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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IRS990/ActivityOrMissionDesc0THE CLUB WAS FORMED IN 1878 AND IS LOCATED IN PADANARAM HARBOR IN DARTMOUTH, MASSACHUSETTS. IT HAS A RICH HISTORY AND DIVERSE MEMBERSHIP WITH OUTSTANDING FACILITIES, INCLUDING A CLUBHOUSE AND WATERFRONT WITH DOCKS, SLIPS, LAUNCHING FACILITIES, HARBOR LAUNCH AND FUEL SERVICES. ACTIVITIES INCLUDE A SAILING SCHOOL THAT WAS THE START OF MANY HIGH SCHOOL, COLLEGIATE AND ALL AMERICAN SAILORS; AN ACTIVE WEDNESDAY NIGHT RACING SERIES AND PERIODIC PERPETUAL TROPHY RACES FOR COMPETITIVE SAILORS; A HOST OF SOCIAL EVENTS DURING THE ACTIVE SUMMER AND MORE LIMITED WINTER SEASONS; AND AN ANNUAL CRUISE OF A WEEK OR MORE WITH SHORTER CRUISING EVENTS DURING THE SUMMER SEASON.
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
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IRS990/Form990PartVIISectionAGrp/PersonNm5ROGER KUEBEL
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IRS990/Form990PartVIISectionAGrp/PersonNm7DAVID E ADELBERG MD
IRS990/Form990PartVIISectionAGrp/PersonNm8LOUIS A BRANCO
IRS990/Form990PartVIISectionAGrp/PersonNm9CINDY BROWN
IRS990/Form990PartVIISectionAGrp/PersonNm10HOLLY E CORREIRA
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IRS990/Form990PartVIISectionAGrp/PersonNm12ALAN H FERGUSON
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IRS990/Form990PartVIISectionAGrp/PersonNm14CHRISTOPHER HILLER
IRS990/Form990PartVIISectionAGrp/PersonNm15MICHELLE HOYT
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IRS990/Form990PartVIISectionAGrp/PersonNm17ANDREW LIMA
IRS990/Form990PartVIISectionAGrp/PersonNm18STEPHEN D RICCIARDI
IRS990/Form990PartVIISectionAGrp/PersonNm19JOSEPH SCIUTO
IRS990/Form990PartVIISectionAGrp/PersonNm20FARREL P SIMPSON
IRS990/Form990PartVIISectionAGrp/PersonNm21BENJAMIN W SPERRY
IRS990/Form990PartVIISectionAGrp/PersonNm22MARK C TOUHEY
IRS990/Form990PartVIISectionAGrp/PersonNm23KELLY J WILBUR
IRS990/Form990PartVIISectionAGrp/PersonNm24KINDER WOODCOCK
IRS990/Form990PartVIISectionAGrp/PersonNm25JOHN BAGLINI
IRS990/Form990PartVIISectionAGrp/PersonNm26KRISTEN GRAY
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IRS990/Form990PartVIISectionAGrp/TitleTxt0VICE COMMODORE/COMMODORE EFF. 11/24
IRS990/Form990PartVIISectionAGrp/TitleTxt1COMMODORE UNTIL 11/24
IRS990/Form990PartVIISectionAGrp/TitleTxt2R. COMMODORE/V. COMMODORE EFF. 11/24
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR/REAR COMMODORE EFF. 11/24
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER UNTIL 11/24
IRS990/Form990PartVIISectionAGrp/TitleTxt5TREASURER EFF. 11/24
IRS990/Form990PartVIISectionAGrp/TitleTxt6SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR UNTIL 11/24
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR EFF. 11/24
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR EFF. 11/24
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR EFF. 11/24
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR EFF. 11/24
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR UNTIL 11/24
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR UNTIL 11/24
IRS990/Form990PartVIISectionAGrp/TitleTxt25GENERAL MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt26FINANCE AND OPERATIONS DIR
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IRS990/MissionDesc0TO HAVE A MEMBERSHIP COMPOSED OF YACHTING AND BOATING ENTHUSIASTS OF GOOD CHARACTER AND ALL AGES THAT IS PREDOMINANTLY RESIDENT TO LOCAL AREA, REPRESENTS A BROAD SPECTRUM OF THE COMMUNITY, AND IS APPROPRIATE IN SIZE FOR OUR FACILITIES; TO PROMOTE AND ENCOURAGE YACHTING AND BOATING BY PROVIDING OUR MEMBERS AND GUESTS WITH A CLUBHOUSE, HARBOR FACILITIES, SERVICES AND RELATED ACTIVITIES; TO PROVIDE INSTRUCTION IN YACHTING AND BOATING SAFETY, AN EDUCATIONAL PROGRAM IN SAILBOAT RACING AND HANDLING, AND AN ORGANIZED YACHT RACING PROGRAM FOR OUR MEMBERS AND SUCH GUESTS AS WE CAN ACCOMMODATE; TO PROMOTE AND ENCOURAGE FELLOWSHIP, FRIENDSHIP AND CAMARADERIE AMONG OUR MEMBERS AND GUESTS; TO MAINTAIN A STANDARD OF EXCELLENCE IN ALL ASPECTS OF OUR OPERATIONS INCLUDING MAINTENANCE AND IMPROVEMENT OF OUR FACILITIES.
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