Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on the latest valid filing.
Salem Willows Yacht Club
EIN 04-2260694 • 501(c)7 • Beverly, MA
Profile
The swyc exempt purposes are to provide the opportunity of using the clubs facilities and ocean access for boating and social activities for the club members.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
No value available
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.
Net Margin
70th percentile
Higher net margin than 70% of similar nonprofits.
Top Officer Pay
94th percentile
Higher top officer pay than 94% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
88th percentile
Faster asset growth than 88% of similar nonprofits.
Revenue Growth
80th percentile
Faster revenue growth than 80% of similar nonprofits.
Balance Sheet
Assets
Up$57,966
Up $15,272 (+36%) from 2023
Liabilities
-
No earlier filing loaded for comparison.
Net Assets
Up$57,966
Up $15,272 (+36%) from 2023
Revenue
Up$132,596
Up $24,898 (+23%) from 2023
Expenses
Up$117,324
Up $19,703 (+20%) from 2023
Net Income
Up$15,272
Up $5,195 (+52%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $57,966
- Liabilities
- -
- Net assets
- $57,966
- Revenue
- $132,596
- Expenses
- $117,324
- Net income
- $15,272
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- Aug 11, 2025
- Return Version
- 2024v5.0
- Gross Receipts
- $132,596
Mission and Program Overview
Mission
To provide social/recreational facilities and functions related to boating and sailing
The swyc exempt purposes are to provide the opportunity of using the clubs facilities and ocean access for boating and social activities for the club members.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| THE EXEMPT PURPOSE OF THE SWYC IS TO PROVIDE FACILITIES AND EVENTS FOR ITS MEMBERS TO SOCIALIZE AND MAKE USE OF THE CLUB'S OCEAN ACCESS FOR BOATING RELATED ACTIVITIES. | - | - |
| THE EXEMPT PURPOSE OF THE SWYC IS TO PROVIDE FACILITIES AND EVENTS FOR ITS | - | - |
| THE EXEMPT PURPOSE OF THE SWYC IS TO PROVIDE FACILITIES AND EVENTS FOR ITS | - | - |
| SEE PURPOSE 1 | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| RICH MCGLYNN | Commodore | - | $0 | - | - |
| FRANK HARRINGTON | Vice-Commodo | - | $0 | - | - |
| JOE BONZAGNI | Rear Commodo | - | $0 | - | - |
| JOSEPH COLLINS | Treasurer | - | $0 | - | - |
| ROBERT CHADWICK | Secretary | - | $0 | - | - |
| LEIGH BAINES | Financial Se | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Salem Willows Yacht Club
- EIN
- 04-2260694
- Phone
- 9787449684
- Address
- 22 NELSON AVE, BEVERLY, MA 01915
Signing Officer
- Name
- Joseph Collins
- Title
- Treasurer
- Phone
- 9787449684
- Signed
- 2025-08-11
Preparer
- Firm
- Financial Business Services
- Address
- 382 LOWELL ST STE 104A, WAKEFIELD, MA 01880
- Preparer
- Chester Kobierski
- Phone
- 7812465611
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 16
“Expenses office supplies 1,322 club functions & celebrations 1,088 ice 925 financial secretary 508 insurance 24,883 prior year ins adjustment 250 floats 6,736 launch expense 10,584 launch gas exp 1,274 mass bay boating 1,156 moorings 3,652 real & prop tax expense 4,046 sailing program expense 1,000 fees & licenses 1,272 paper goods 880 veterans appreciation day 376 work boats 264 utilities 2,655 trash collections 188 ba nk chgs 37 total 63,096”
Form 990-ez, Part III
“The swyc exempt purposes are to provide the opportunity of using the clubs facilities and ocean access for boating and social activities for the club members.”
Form 990-ez, Part III, Line 31
“SEE PURPOSE 1”
Raw XML Appendix114 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.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | JOSEPH COLLINS |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 9787449684 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | SALEM WILLOWS PARK |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | SALEM |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MA |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 01970 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 42694 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 57966 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 128856 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 15272 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 1825 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 42694 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 57966 |
| IRS990EZ/GrossReceiptsAmt | 0 | 132596 |
| IRS990EZ/GrossReceiptsForPublicUseAmt | 0 | 0 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InitiationFeesAndCapContriAmt | 0 | 2400 |
| IRS990EZ/InvestmentIncomeAmt | 0 | 370 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 42694 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 57966 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 42694 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 57966 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 19498 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 5 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | RICH MCGLYNN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | FRANK HARRINGTON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | JOE BONZAGNI |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | JOSEPH COLLINS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | ROBERT CHADWICK |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 5 | LEIGH BAINES |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | COMMODORE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | VICE-COMMODO |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | REAR COMMODO |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | TREASURER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | SECRETARY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 5 | FINANCIAL SE |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501cInd | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 63096 |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | THE SWYC EXEMPT PURPOSES ARE TO PROVIDE THE OPPORTUNITY OF USING THE CLUBS FACILITIES AND OCEAN ACCESS FOR BOATING AND SOCIAL ACTIVITIES FOR THE CLUB MEMBERS. |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 599 |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 3370 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | THE EXEMPT PURPOSE OF THE SWYC IS TO PROVIDE FACILITIES AND EVENTS FOR ITS MEMBERS TO SOCIALIZE AND MAKE USE OF THE CLUB'S OCEAN ACCESS FOR BOATING RELATED ACTIVITIES. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 1 | THE EXEMPT PURPOSE OF THE SWYC IS TO PROVIDE FACILITIES AND EVENTS FOR ITS |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 2 | THE EXEMPT PURPOSE OF THE SWYC IS TO PROVIDE FACILITIES AND EVENTS FOR ITS |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 3 | SEE PURPOSE 1 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 32306 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 117324 |
| IRS990EZ/TotalRevenueAmt | 0 | 132596 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | SWYC.COM |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EXPENSES OFFICE SUPPLIES 1,322 CLUB FUNCTIONS & CELEBRATIONS 1,088 ICE 925 FINANCIAL SECRETARY 508 INSURANCE 24,883 PRIOR YEAR INS ADJUSTMENT 250 FLOATS 6,736 LAUNCH EXPENSE 10,584 LAUNCH GAS EXP 1,274 MASS BAY BOATING 1,156 MOORINGS 3,652 REAL & PROP TAX EXPENSE 4,046 SAILING PROGRAM EXPENSE 1,000 FEES & LICENSES 1,272 PAPER GOODS 880 VETERANS APPRECIATION DAY 376 WORK BOATS 264 UTILITIES 2,655 TRASH COLLECTIONS 188 BA NK CHGS 37 TOTAL 63,096 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE SWYC EXEMPT PURPOSES ARE TO PROVIDE THE OPPORTUNITY OF USING THE CLUBS FACILITIES AND OCEAN ACCESS FOR BOATING AND SOCIAL ACTIVITIES FOR THE CLUB MEMBERS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | SEE PURPOSE 1 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART III |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART III, LINE 31 |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | JOSEPH COLLINS |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | TREASURER |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 9787449684 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-08-11 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | SALEM WILLOWS YACHT CLUB |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | SALE |
| ReturnHeader/Filer/EIN | 0 | 042260694 |
| ReturnHeader/Filer/PhoneNum | 0 | 9787449684 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 22 NELSON AVE |
| ReturnHeader/Filer/USAddress/CityNm | 0 | BEVERLY |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | MA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 01915 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | true |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 042989677 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | FINANCIAL BUSINESS SERVICES |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 382 LOWELL ST STE 104A |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | WAKEFIELD |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | MA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 01880 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 7812465611 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-08-05 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | CHESTER KOBIERSKI |
| ReturnHeader/ReturnTs | 0 | 2025-08-14T12:33:39-04:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
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