Civic Intelligence

American Yacht Club Inc

990 • Fiscal year 2015 • EIN 04-2074119

Nov 01, 2014 to Oct 31, 2015 • Filed on May 31, 2015

PO Box 1360 115-117R Water StreetNewburyport, MA 01950

(978) 465-9053

Siviq Scores

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

Liabilities / Assets

53rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2015 filings • 501(c)7 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

53rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2015 filings • 501(c)7 • <$500k nonprofits • Source year 2015

Net Margin

88th percentile

25%

Higher net margin than 88% of similar nonprofits.

2015 filings • 501(c)7 • <$500k nonprofits • Source year 2015

Top Officer Pay

93rd percentile

$1,500

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

2015 filings • 501(c)7 • <$500k nonprofits • Source year 2015

Asset Growth

82nd percentile

24%

Faster asset growth than 82% of similar nonprofits.

2015 filings • 501(c)7 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

30th percentile

-6.4%

Faster revenue growth than 30% of similar nonprofits.

2015 filings • 501(c)7 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Up

$246,357

Up $48,280 (+24%) from 2014

Net Assets

Up

$246,357

Up $48,280 (+24%) from 2014

Liabilities

Flat

$0

Flat from 2014

Revenue

Down

$189,498

Down $13,063 (-6.4%) from 2014

Expenses

Down

$141,218

Down $22,753 (-14%) from 2014

Net Income

Up

$48,280

Up $9,690 (+25%) from 2014

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2012: $247,194Liabilities 2012: $21,984Net Assets 2012: $225,2102012Assets 2013: $169,870Liabilities 2013: $10,383Net Assets 2013: $159,4872013Assets 2014: $198,077Liabilities 2014: $0Net Assets 2014: $198,0772014Assets 2015: $246,357Liabilities 2015: $0Net Assets 2015: $246,3572015Assets 2016: $270,059Liabilities 2016: $0Net Assets 2016: $270,0592016Assets 2017: $328,838Liabilities 2017: $0Net Assets 2017: $328,8382017Assets 2020: $175,455Liabilities 2020: $0Net Assets 2020: $175,4552020Assets 2021: $254,302Liabilities 2021: $0Net Assets 2021: $254,3022021Assets 2022: $319,100Liabilities 2022: $0Net Assets 2022: $319,1002022Assets 2023: $409,969Liabilities 2023: $0Net Assets 2023: $409,9692023Assets 2024: $520,603Liabilities 2024: $4,994Net Assets 2024: $515,6092024Assets 2025: $480,009Liabilities 2025: $0Net Assets 2025: $480,0092025

Highlighted filing

2015

Assets$246,357
Liabilities$0
Net Assets$246,357

Operations Trend

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

$400K$200K$0-$200KExpenses 2012: $156,3042012Expenses 2013: $250,8012013Revenue 2014: $202,561Expenses 2014: $163,971Net Income 2014: $38,5902014Revenue 2015: $189,498Expenses 2015: $141,218Net Income 2015: $48,2802015Revenue 2016: $175,643Expenses 2016: $151,942Net Income 2016: $23,7012016Revenue 2017: $232,552Expenses 2017: $173,773Net Income 2017: $58,7792017Revenue 2020: $184,709Expenses 2020: $246,746Net Income 2020: -$62,0372020Revenue 2021: $277,762Expenses 2021: $198,915Net Income 2021: $78,8472021Revenue 2022: $253,041Expenses 2022: $188,243Net Income 2022: $64,7982022Revenue 2023: $296,018Expenses 2023: $205,149Net Income 2023: $90,8692023Revenue 2024: $317,352Expenses 2024: $211,712Net Income 2024: $105,6402024Revenue 2025: $327,855Expenses 2025: $363,455Net Income 2025: -$35,6002025

Highlighted filing

2015

Revenue$189,498
Expenses$141,218
Net Income$48,280
Jump To
Filing Snapshot
Filing Period
Nov 1, 2014 to Oct 31, 2015
Signed
May 31, 2015
Return Version
2014v6.0
Gross Receipts
$189,498
Mission and Program Overview

Mission

Recreational boating yacht club activities for members including sailing lessons, regattas and other relatated activities.

Recreational boating yacht club activities for members including sailing lessons, regattas and other related activities

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$198,077$246,357▲ $48,280
Total Assets$198,077$246,357▲ $48,280
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$198,077$246,357▲ $48,280
Total Net Assets Fund Balance$198,077$246,357▲ $48,280
Total Liabilities and Net Assets / Fund Balance$198,077$246,357▲ $48,280
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Homer ShannonCollectorPT$1,500$1,500
Joyce StoehrSecretaryPT$1,500$1,500
Leonard JohnsonTreasurerPT$1,500$1,500

Board Members and Trustees

NameTitle
David SestiniExecutive Board
Pamela MertinookeExecutive Board
Ronald BarrettExecutive Board
Barry GluckCommodore
Daniel PrattRear Commodore
Joseph Puleo JrVice Commodore
Revenue and Support

Revenue Composition

Contributions and Grants
$97,328
Program Service Revenue
$91,571
Investment Income
$599
Other Revenue
$0
All Other Contributions
$18,049
Change in Net Assets
$48,280
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$110,880
Salaries, Compensation, and Employee Benefits$30,338
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$0$31,508$0$31,508
Other Salaries and Wages$6,440$16,349$0$22,789
Insurance$0$16,027$0$16,027
Other Expenses$15,690$0$0$15,690
All Other Expenses$8,795$5,751$0$14,546
Current Officers, Directors, Trustees, and Key Employees$0$4,500$0$4,500
Payroll Taxes$0$3,049$0$3,049
Fees for Services Accounting$0$2,015$0$2,015
Office Expenses$0$1,692$0$1,692
Total Functional Expenses$60,327$80,891$0$141,218
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
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
Filing and Contact Details

Filer

Filer Name
American Yacht Club Inc
EIN
04-2074119
Phone
9784659053
Address
PO Box 1360 115-117R Water Street, Newburyport, MA 01950

Signing Officer

Name
Leonard Johnson
Title
Treasurer
Phone
9784659053
Signed
2015-05-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Barry K Gluck
Formed
1890
Legal Domicile
Ma
Voting Board Members
9
Independent Board Members
9
Employees
11
Volunteers
0

Preparer

Firm
Fritz Deguglielmo LLC
Address
8 ESSEX STREET, NEWBURYPORT, MA 01950
Preparer
Stephen J Deguglielmo CPA
Phone
9784622161
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

The Form 990 is presented to and reviewed by the board before being approved for submission.

Pt VI, Line 19

The Club's governing documents and financial statements are available to the public upon request.

Pt VI, Line 6

The Club has approximately 300 members.

Pt VI, Line 7A

the Club's officers and directors are elected by it's members.

Form 990, Part III, Line 4D

Regatta committee expenses 2232. 0. 775. Miscellaneous related income and expense 8795. 0. 7191.

Form 990, Part IX, Line 24F

Entertainment committee expenses 8795. 8795. 0. 0. Miscellaneous administration expenses 5751. 0. 5751. 0.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Form 990 is presented to and reviewed by the board before being approved for submission.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Club's governing documents and financial statements are available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Club has approximately 300 members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3the Club's officers and directors are elected by it's members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4REGATTA COMMITTEE EXPENSES 2232. 0. 775. MISCELLANEOUS RELATED INCOME AND EXPENSE 8795. 0. 7191.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ENTERTAINMENT COMMITTEE EXPENSES 8795. 8795. 0. 0. MISCELLANEOUS ADMINISTRATION EXPENSES 5751. 0. 5751. 0.
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IRS990/TotalContributionsAmt097328
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt080891
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt060327
IRS990/TotalFunctionalExpensesGrp/TotalAmt0141218
IRS990/TotalGrossUBIAmt0599
IRS990/TotalLiabilitiesEOYAmt00
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IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0198077
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0246357
IRS990/TotalOtherProgSrvcExpenseAmt011027
IRS990/TotalOtherProgSrvcRevenueAmt07966
IRS990/TotalProgramServiceExpensesAmt060327
IRS990/TotalProgramServiceRevenueAmt091571
IRS990/TotalReportableCompFromOrgAmt04500
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt091571
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0189498
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0599
IRS990/TotalVolunteersCnt00
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0246357
IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0198077
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0246357
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0115-117R Water Street
IRS990/USAddress/CityNm0Newburyport
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd001950
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LEONARD JOHNSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum09784659053
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-05-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0American Yacht Club Inc
ReturnHeader/Filer/BusinessNameControlTxt0AMER
ReturnHeader/Filer/EIN0042074119
ReturnHeader/Filer/PhoneNum09784659053
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 1360 115-117R Water Street
ReturnHeader/Filer/USAddress/CityNm0Newburyport
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd001950
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FRITZ DEGUGLIELMO LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt08 ESSEX STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEWBURYPORT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd001950
ReturnHeader/PreparerPersonGrp/PhoneNum09784622161
ReturnHeader/PreparerPersonGrp/PreparationDt02016-06-24
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STEPHEN J DEGUGLIELMO CPA
ReturnHeader/ReturnTs02016-06-24T13:59:17-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-11-01
ReturnHeader/TaxPeriodEndDt02015-10-31
ReturnHeader/TaxYr02014

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