Civic Intelligence

Scituate Harbor Yacht Club

990 • Fiscal year 2017 • EIN 04-1815705

Nov 01, 2016 to Oct 31, 2017 • Filed on Mar 20, 2018

PO Box 275Scituate, MA 02066-0275

(781) 837-1407

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

60th percentile

0.35x

Higher debt load relative to assets than 60% of similar nonprofits.

2017 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

65th percentile

0.80x

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

2017 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2017

Net Margin

74th percentile

13%

Higher net margin than 74% of similar nonprofits.

2017 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

72nd percentile

$0

Higher top officer pay than 72% of similar nonprofits.

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

2017 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2017

Asset Growth

67th percentile

3.8%

Faster asset growth than 67% of similar nonprofits.

2017 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

67th percentile

6.1%

Faster revenue growth than 67% of similar nonprofits.

2017 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$2,691,433

Up $98,379 (+3.8%) from 2016

Net Assets

Up

$1,737,465

Up $159,834 (+10%) from 2016

Liabilities

Down

$953,968

Down $61,455 (-6.1%) from 2016

Revenue

Up

$1,196,457

Up $68,637 (+6.1%) from 2016

Expenses

Up

$1,036,623

Up $1,567 (+0.2%) from 2016

Net Income

Up

$159,834

Up $67,070 (+72%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $1,272,714Liabilities 2010: $15,649Net Assets 2010: $1,257,0652010Assets 2011: $1,477,824Liabilities 2011: $203,458Net Assets 2011: $1,274,3662011Assets 2012: $2,484,579Liabilities 2012: $1,142,624Net Assets 2012: $1,341,9552012Assets 2013: $2,535,813Liabilities 2013: $1,118,326Net Assets 2013: $1,417,4872013Assets 2014: $2,517,204Liabilities 2014: $1,103,954Net Assets 2014: $1,413,2502014Assets 2015: $2,527,235Liabilities 2015: $1,042,368Net Assets 2015: $1,484,8672015Assets 2016: $2,593,054Liabilities 2016: $1,015,423Net Assets 2016: $1,577,6312016Assets 2017: $2,691,433Liabilities 2017: $953,968Net Assets 2017: $1,737,4652017Assets 2018: $2,859,595Liabilities 2018: $929,756Net Assets 2018: $1,929,8392018Assets 2019: $2,965,170Liabilities 2019: $890,084Net Assets 2019: $2,075,0862019Assets 2020: $3,097,201Liabilities 2020: $802,344Net Assets 2020: $2,294,8572020Assets 2021: $3,142,608Liabilities 2021: $741,434Net Assets 2021: $2,401,1742021Assets 2022: $3,432,864Liabilities 2022: $982,834Net Assets 2022: $2,450,0302022Assets 2023: $3,276,300Liabilities 2023: $873,369Net Assets 2023: $2,402,9312023Assets 2024: $2,895,342Liabilities 2024: $779,695Net Assets 2024: $2,115,6472024

Highlighted filing

2017

Assets$2,691,433
Liabilities$953,968
Net Assets$1,737,465

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2010: $807,5742010Expenses 2011: $894,8082011Expenses 2012: $957,9912012Revenue 2013: $1,017,425Expenses 2013: $941,893Net Income 2013: $75,5322013Revenue 2014: $1,013,769Expenses 2014: $1,018,006Net Income 2014: -$4,2372014Revenue 2015: $1,084,790Expenses 2015: $1,013,173Net Income 2015: $71,6172015Revenue 2016: $1,127,820Expenses 2016: $1,035,056Net Income 2016: $92,7642016Revenue 2017: $1,196,457Expenses 2017: $1,036,623Net Income 2017: $159,8342017Revenue 2018: $1,253,263Expenses 2018: $1,060,889Net Income 2018: $192,3742018Revenue 2019: $1,269,755Expenses 2019: $1,124,508Net Income 2019: $145,2472019Revenue 2020: $1,341,230Expenses 2020: $1,121,459Net Income 2020: $219,7712020Revenue 2021: $1,305,461Expenses 2021: $1,199,144Net Income 2021: $106,3172021Revenue 2022: $1,295,140Expenses 2022: $1,246,284Net Income 2022: $48,8562022Revenue 2023: $1,337,181Expenses 2023: $1,384,280Net Income 2023: -$47,0992023Revenue 2024: $1,399,684Expenses 2024: $1,686,968Net Income 2024: -$287,2842024

Highlighted filing

2017

Revenue$1,196,457
Expenses$1,036,623
Net Income$159,834
Jump To
Filing Snapshot
Filing Period
Nov 1, 2016 to Oct 31, 2017
Signed
Mar 20, 2018
Return Version
2016v3.0
Gross Receipts
$1,196,457
Mission and Program Overview

Mission

Provide social and recreational activities to members.

Social and recreational activities for members

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,224,318$2,346,831▲ $122,513
Savings and Temporary Cash Investments$347,874$318,794▼ $29,080
Prepaid Expenses and Deferred Charges$13,559$14,980▲ $1,421
Accounts Receivable$6,503$10,028▲ $3,525
Cash and Non-Interest-Bearing Accounts$800$800→ $0
Total Assets$2,593,054$2,691,433▲ $98,379
Liabilities
Mortgage Notes Payable Secured by Investment Property$978,674$935,992▼ $42,682
Accounts Payable and Accrued Expenses$36,749$17,976▼ $18,773
Total Liabilities$1,015,423$953,968▼ $61,455
Net Assets / Fund Balance
Unrestricted Net Assets$1,577,631$1,737,465▲ $159,834
Total Net Assets Fund Balance$1,577,631$1,737,465▲ $159,834
Total Liabilities and Net Assets / Fund Balance$2,593,054$2,691,433▲ $98,379

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$2,272,231$2,297,562$4,569,793
Land$74,600-$74,600
Compensation and Service Providers

Board Members and Trustees

NameTitle
Christopher BrabhamAsst.treasurer & Trustee
Joseph S NoonanCommodore & Trustee
Steven GuardRear Commodore & Trustee
Christopher WhiteSecretary & Trustee
James LewisTreasurer & Trustee
Jennifer DavisVice Commodore & Trustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,193,804
Investment Income
$2,653
Other Revenue
$0
Change in Net Assets
$159,834
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$732,054
Salaries, Compensation, and Employee Benefits$304,569
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$278,321
All Other Expenses---$201,946
Depreciation Depletion---$183,892
Insurance---$59,711
Interest---$52,280
Other Expenses---$49,090
Payroll Taxes---$26,248
Fees for Services Accounting---$5,826
Office Expenses---$1,366
Total Functional Expenses$0$0$0$1,036,623
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
Audit committee
Yes
Backup withholding compliance
Yes
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

All approved club membership applicants become members.

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

The membership must approve the annual slate of officers presented by the nominating committee.

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

Membership must approve changes to the bylaws and the use of capital reserve funds.

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

The irs 990 is reviewed by the treasurer and/or asst. Treasurer prior to filing.

Form 990, Part VI, Section C, Line 18

A copy of the irs form 990 is available upon request to the organization or upon request to the internal revenue service. It is also available for computer downloading at the website www.guidestar.org.

Form 990, Part VI, Section C, Line 19

The organization's governing documents and financial statements are available for public inspection at the organization's corporate offices in scituate, massachusetts.

Filing and Contact Details

Filer

Filer Name
Scituate Harbor Yacht Club
EIN
04-1815705
Phone
7818371407
Address
PO BOX 275, SCITUATE, MA 02066-0275

Signing Officer

Name
Christopher White
Title
Treasurer
Phone
7818371407
Signed
2018-03-20

Organization Details

Principal Officer
Christopher White
Formed
1940
Legal Domicile
Ma
Voting Board Members
6
Independent Board Members
6
Employees
68
Volunteers
0

Preparer

Firm
DIPESA & COMPANY CPA'S
Address
500 VICTORY ROAD 3RD FLOOR, NORTH QUINCY, MA 02171
Preparer
Di Pesa Company
Phone
6177867775
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Utilities 42,983. Dining room expenses 30,452. Pool expenses 22,807. Bookkeeping services 22,500. Miscellaneous 16,731. Tennis expenses 15,779. Sailing expenses 15,168. Printing and postage 9,382. Webmaster fee 6,354. Payroll service 5,489. Annual meeting 5,045. Bank & credit card fees 4,222. Uniform expense 2,205. Licenses & permits 1,907. Bad debt expense 406. Other taxes 368. Telephone expense 148.

Form 990, Part XII, Line 2C

The review process of audited or compiled financial statements has not changed from the prior year. The financial statements are reviewed by the officers of the organization.

Financial Statement Notes

PART X, LINE 2:

The yacht club has evaluated significant tax positions against the criteria established by professional standards and believes there are no such tax positions requiring accounting recognition in the financial statements. The yacht club does not believe its evaluation of tax positions will significantly change within twelve months of october 31, 2017. Any changes in tax positions will be recorded when the ultimate outcome becomes known. The yacht club's tax returns are subject to examination by taxing authorities generally for the years ended october 31, 2016, 2015 and 2014.

Raw XML Appendix329 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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE YACHT CLUB HAS EVALUATED SIGNIFICANT TAX POSITIONS AGAINST THE CRITERIA ESTABLISHED BY PROFESSIONAL STANDARDS AND BELIEVES THERE ARE NO SUCH TAX POSITIONS REQUIRING ACCOUNTING RECOGNITION IN THE FINANCIAL STATEMENTS. THE YACHT CLUB DOES NOT BELIEVE ITS EVALUATION OF TAX POSITIONS WILL SIGNIFICANTLY CHANGE WITHIN TWELVE MONTHS OF OCTOBER 31, 2017. ANY CHANGES IN TAX POSITIONS WILL BE RECORDED WHEN THE ULTIMATE OUTCOME BECOMES KNOWN. THE YACHT CLUB'S TAX RETURNS ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES GENERALLY FOR THE YEARS ENDED OCTOBER 31, 2016, 2015 AND 2014.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL APPROVED CLUB MEMBERSHIP APPLICANTS BECOME MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MEMBERSHIP MUST APPROVE THE ANNUAL SLATE OF OFFICERS PRESENTED BY THE NOMINATING COMMITTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERSHIP MUST APPROVE CHANGES TO THE BYLAWS AND THE USE OF CAPITAL RESERVE FUNDS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE IRS 990 IS REVIEWED BY THE TREASURER AND/OR ASST. TREASURER PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4A COPY OF THE IRS FORM 990 IS AVAILABLE UPON REQUEST TO THE ORGANIZATION OR UPON REQUEST TO THE INTERNAL REVENUE SERVICE. IT IS ALSO AVAILABLE FOR COMPUTER DOWNLOADING AT THE WEBSITE WWW.GUIDESTAR.ORG.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC INSPECTION AT THE ORGANIZATION'S CORPORATE OFFICES IN SCITUATE, MASSACHUSETTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6UTILITIES 42,983. DINING ROOM EXPENSES 30,452. POOL EXPENSES 22,807. BOOKKEEPING SERVICES 22,500. MISCELLANEOUS 16,731. TENNIS EXPENSES 15,779. SAILING EXPENSES 15,168. PRINTING AND POSTAGE 9,382. WEBMASTER FEE 6,354. PAYROLL SERVICE 5,489. ANNUAL MEETING 5,045. BANK & CREDIT CARD FEES 4,222. UNIFORM EXPENSE 2,205. LICENSES & PERMITS 1,907. BAD DEBT EXPENSE 406. OTHER TAXES 368. TELEPHONE EXPENSE 148.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE REVIEW PROCESS OF AUDITED OR COMPILED FINANCIAL STATEMENTS HAS NOT CHANGED FROM THE PRIOR YEAR. THE FINANCIAL STATEMENTS ARE REVIEWED BY THE OFFICERS OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 24E
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XII, LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02593054
IRS990/TotalAssetsEOYAmt02691433
IRS990/TotalAssetsGrp/BOYAmt02593054
IRS990/TotalAssetsGrp/EOYAmt02691433
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt068
IRS990/TotalFunctionalExpensesGrp/TotalAmt01036623
IRS990/TotalGrossUBIAmt0-664
IRS990/TotalLiabilitiesBOYAmt01015423
IRS990/TotalLiabilitiesEOYAmt0953968
IRS990/TotalLiabilitiesGrp/BOYAmt01015423
IRS990/TotalLiabilitiesGrp/EOYAmt0953968
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01577631
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01737465
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt0801049
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt0801049
IRS990/TotalProgramServiceRevenueAmt01193804
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01197121
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01196457
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0-664
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02593054
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02691433
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01577631
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01737465
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0C/O SCITUATE YACHT CLUB 84 JERICHO
IRS990/USAddress/AddressLine2Txt0ROAD
IRS990/USAddress/CityNm0SCITUATE
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd002066
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.SHYC.NET
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/PersonNm0CHRISTOPHER WHITE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum07818371407
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-03-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SCITUATE HARBOR YACHT CLUB
ReturnHeader/Filer/BusinessNameControlTxt0SCIT
ReturnHeader/Filer/EIN0041815705
ReturnHeader/Filer/PhoneNum07818371407
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 275
ReturnHeader/Filer/USAddress/CityNm0SCITUATE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd0020660275
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DFC4A771FC3A37343852B21ADE43D6DCDA46057C
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0A0C1982EBB8A8FEDE25517116A9AB18A5744D11F
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt050.255.160.241
ReturnHeader/FilingSecurityInformation/IPDt02018-03-20
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm008:30:09
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0820574075
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DIPESA & COMPANY CPA'S
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0500 VICTORY ROAD 3RD FLOOR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NORTH QUINCY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002171
ReturnHeader/PreparerPersonGrp/PhoneNum06177867775
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DI PESA COMPANY
ReturnHeader/ReturnTs02018-03-21T10:48:06-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-11-01
ReturnHeader/TaxPeriodEndDt02017-10-31
ReturnHeader/TaxYr02016

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.90$0.78$2.12$1.40$1.69$0.29
2023Detailed filing. Detailed filing data is available for this year.$3.28$0.87$2.40$1.34$1.38$0.05
2022Detailed filing. Detailed filing data is available for this year.$3.43$0.98$2.45$1.30$1.25$0.05
2021Detailed filing. Detailed filing data is available for this year.$3.14$0.74$2.40$1.31$1.20$0.11
2020Detailed filing. Detailed filing data is available for this year.$3.10$0.80$2.29$1.34$1.12$0.22
2019Detailed filing. Detailed filing data is available for this year.$2.97$0.89$2.08$1.27$1.12$0.15
2018Detailed filing. Detailed filing data is available for this year.$2.86$0.93$1.93$1.25$1.06$0.19
2017Detailed filing. Detailed filing data is available for this year.$2.69$0.95$1.74$1.20$1.04$0.16
2016Detailed filing. Detailed filing data is available for this year.$2.59$1.02$1.58$1.13$1.04$0.09
2015Detailed filing. Detailed filing data is available for this year.$2.53$1.04$1.48$1.08$1.01$0.07
2014Detailed filing. Detailed filing data is available for this year.$2.52$1.10$1.41$1.01$1.02$0.00
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.54$1.12$1.42$1.02$0.94$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.48$1.14$1.34$0.96
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.48$0.20$1.27$0.89
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.27$0.02$1.26$0.81