Civic Intelligence

Westhampton Yacht Squadron Ltd

990 • Fiscal year 2015 • EIN 11-2136804

Jan 01, 2015 to Dec 31, 2015 • Filed on Jun 19, 2016

Organization Profilewww.yachtsquadron.com
PO Box 315Remsenburg, NY 11960-0315

(631) 325-8321

Siviq Scores

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

Liabilities / Assets

12th percentile

0.00x

Higher debt load relative to assets than 12% of similar nonprofits.

2015 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

13th percentile

0.01x

Higher debt load relative to revenue than 13% of similar nonprofits.

2015 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2015

Net Margin

66th percentile

8.9%

Higher net margin than 66% of similar nonprofits.

2015 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

70th percentile

$0

Higher top officer pay than 70% of similar nonprofits.

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

2015 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2015

Asset Growth

67th percentile

3.3%

Faster asset growth than 67% of similar nonprofits.

2015 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

20th percentile

-5.2%

Faster revenue growth than 20% of similar nonprofits.

2015 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets12th percentile

Assets

Up

$2,057,190

Up $66,183 (+3.3%) from 2014

Net Assets

Up

$2,048,939

Up $69,219 (+3.5%) from 2014

Liabilities

Down

$8,251

Down $3,036 (-27%) from 2014

Revenue And Expenses
Liabilities / Revenue13th percentileNet Margin66th percentile

Revenue

Down

$776,526

Down $42,446 (-5.2%) from 2014

Expenses

Down

$707,307

Down $9,539 (-1.3%) from 2014

Net Income

Down

$69,219

Down $32,907 (-32%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth67th percentile

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

$3.0M$2.0M$1.0M$0Assets 2011: $1,638,618Liabilities 2011: $5,421Net Assets 2011: $1,633,1972011Assets 2012: $1,898,363Liabilities 2012: $10,417Net Assets 2012: $1,887,9462012Assets 2013: $2,427,633Liabilities 2013: $550,039Net Assets 2013: $1,877,5942013Assets 2014: $1,991,007Liabilities 2014: $11,287Net Assets 2014: $1,979,7202014Assets 2015: $2,057,190Liabilities 2015: $8,251Net Assets 2015: $2,048,9392015Assets 2016: $1,974,342Liabilities 2016: $1,802Net Assets 2016: $1,972,5402016Assets 2017: $1,968,925Liabilities 2017: $2,238Net Assets 2017: $1,966,6872017Assets 2018: $1,979,048Liabilities 2018: $10,404Net Assets 2018: $1,968,6442018Assets 2019: $2,059,929Liabilities 2019: $696Net Assets 2019: $2,059,2332019Assets 2020: $2,160,979Liabilities 2020: $0Net Assets 2020: $2,160,9792020Assets 2021: $2,623,488Liabilities 2021: $0Net Assets 2021: $2,623,4882021Assets 2022: $2,674,691Liabilities 2022: $0Net Assets 2022: $2,674,6912022Assets 2023: $2,810,860Liabilities 2023: $0Net Assets 2023: $2,810,8602023Assets 2024: $2,820,726Liabilities 2024: $0Net Assets 2024: $2,820,7262024

Highlighted filing

2015

Assets$2,057,190
Liabilities$8,251
Net Assets$2,048,939
Open 2015 Filing

Operations Trend

Revenue Growth20th percentile

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

$1.5M$1.0M$500K$0-$500KExpenses 2011: $554,6542011Expenses 2012: $577,7632012Revenue 2013: $706,235Expenses 2013: $716,588Net Income 2013: -$10,3532013Revenue 2014: $818,972Expenses 2014: $716,846Net Income 2014: $102,1262014Revenue 2015: $776,526Expenses 2015: $707,307Net Income 2015: $69,2192015Revenue 2016: $654,444Expenses 2016: $730,843Net Income 2016: -$76,3992016Revenue 2017: $772,520Expenses 2017: $778,373Net Income 2017: -$5,8532017Revenue 2018: $825,970Expenses 2018: $824,013Net Income 2018: $1,9572018Revenue 2019: $907,319Expenses 2019: $816,730Net Income 2019: $90,5892019Revenue 2020: $836,715Expenses 2020: $734,969Net Income 2020: $101,7462020Revenue 2021: $1,354,928Expenses 2021: $892,419Net Income 2021: $462,5092021Revenue 2022: $1,014,723Expenses 2022: $963,520Net Income 2022: $51,2032022Revenue 2023: $1,073,542Expenses 2023: $937,373Net Income 2023: $136,1692023Revenue 2024: $942,867Expenses 2024: $933,001Net Income 2024: $9,8662024

Highlighted filing

2015

Revenue$776,526
Expenses$707,307
Net Income$69,219
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Jun 19, 2016
Return Version
2015v2.1
Gross Receipts
$931,377
Mission and Program Overview

Mission

The organization fosters sailing and sailing competitions. The club sponsors races and regattas as well as providing lessons to its members.

Yacht club. Foster sailing through lessons,races,regattas,etc.its also a social organization which encourage participation in the sailing programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,641,964$1,714,868▲ $72,904
Savings and Temporary Cash Investments$259,848$257,287▼ $2,561
Cash and Non-Interest-Bearing Accounts$87,242$71,152▼ $16,090
Accounts Receivable$1,953$13,883▲ $11,930
Total Assets$1,991,007$2,057,190▲ $66,183
Liabilities
Other Liabilities$11,287$8,251▼ $3,036
Total Liabilities$11,287$8,251▼ $3,036
Net Assets / Fund Balance
Unrestricted Net Assets$1,979,720$2,048,939▲ $69,219
Total Net Assets Fund Balance$1,979,720$2,048,939▲ $69,219
Total Liabilities and Net Assets / Fund Balance$1,991,007$2,057,190▲ $66,183

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,134,235-$1,134,235
Other Land Buildings$580,633-$580,633
Compensation and Service Providers
Top Officer Pay70th percentile

Board Members and Trustees

NameTitle
Alfred CavallaroDirector
Carl SkerisDirector
Dave HaleDirector
Doug GrahamDirector
Eleanor KobelDirector
James SchultzDirector
John BarryDirector
John JohnsonDirector
Sundy SchermeyerDirector
Suzanne JackeyDirector
Janet JurgielewiczCommodore
John SheehanRear Commodore
Aram TerchunianSecretary
Michael StrebelTreasurer
Jim HulmeVice Commodore
Revenue and Support

Revenue Composition

Contributions and Grants
$407,915
Program Service Revenue
$154,077
Investment Income
$598
Other Revenue
$213,936
Change in Net Assets
$69,219
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$354,858
Salaries, Compensation, and Employee Benefits$352,449
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$320,132--$320,132
Occupancy$123,519--$123,519
Insurance$73,007--$73,007
Fees for Services Accounting$47,510--$47,510
Other Expenses$43,570--$43,570
Payroll Taxes$32,317--$32,317
All Other Expenses$22,234--$22,234
Office Expenses$20,527--$20,527
Total Functional Expenses$707,307$0$0$707,307
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$93,876
Fundraising Direct Expenses$16,861
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Fund Raiser$93,876$93,876$16,861$77,015
Total Events$93,876$93,876$16,861$77,015
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Tax Liability$5,130
Sales Tax Liability$4,000
Prepaid Chits-
Federal income taxes$-879
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
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 B, Line 11B

“Taxpayer and bookkeeper review the form 990. The treasurer then makes the 990 available to the board. The board approves the 990 and the treasurer signs the return.”

Form 990, Part VI, Section C, Line 19

“Tax returns, accounting records available upon request.”

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

“Went to outside consulting firm to determine compensation of manager”

Filing and Contact Details

Filer

Filer Name
Westhampton Yacht Squadron Ltd
EIN
11-2136804
Phone
6313258321
Address
PO BOX 315, REMSENBURG, NY 11960-0315

Signing Officer

Name
Michael Strebel
Title
Treasurer
Signed
2016-06-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Strebel
Formed
1905
Legal Domicile
Ny
Voting Board Members
15
Independent Board Members
15
Employees
50
Volunteers
12

Preparer

Firm
GIAQUINTO AND COMPANY CPA'S
Address
50 BARNUM AVE SUITE 202, PORT JEFFERSON, NY 11777
Preparer
Dean Giaquinto
Phone
6319387476
Supplemental Narrative

Additional Explanations

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

“Reviewed at annual meeting”

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IRS990/OtherExpensesGrp/Desc0TAXES LICENSES AND FEES
IRS990/OtherExpensesGrp/Desc1DUES
IRS990/OtherExpensesGrp/Desc2REAL ESTATE TAXES
IRS990/OtherExpensesGrp/Desc3SALES TAXES PAID
IRS990/OtherExpensesGrp/ProgramServicesAmt07486
IRS990/OtherExpensesGrp/ProgramServicesAmt1816
IRS990/OtherExpensesGrp/ProgramServicesAmt216189
IRS990/OtherExpensesGrp/ProgramServicesAmt343570
IRS990/OtherExpensesGrp/TotalAmt07486
IRS990/OtherExpensesGrp/TotalAmt1816
IRS990/OtherExpensesGrp/TotalAmt216189
IRS990/OtherExpensesGrp/TotalAmt343570
IRS990/OtherLiabilitiesGrp/BOYAmt011287
IRS990/OtherLiabilitiesGrp/EOYAmt08251
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0320132
IRS990/OtherSalariesAndWagesGrp/TotalAmt0320132
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt032317
IRS990/PayrollTaxesGrp/TotalAmt032317
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0MICHAEL STREBEL
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/Desc0LESSONS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0154077
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0154077
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0451211
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0920
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0348471
IRS990/PYOtherRevenueAmt0217043
IRS990/PYProgramServiceRevenueAmt0149798
IRS990/PYRevenuesLessExpensesAmt0102126
IRS990/PYSalariesCompEmpBnftPaidAmt0368375
IRS990/PYTotalExpensesAmt0716846
IRS990/PYTotalRevenueAmt0818972
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt069219
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt047245
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0776526
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0259848
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0257287
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01134235
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01134235
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0580633
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0580633
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0-879
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt15130
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt24000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYROLL TAX LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2SALES TAX LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3PREPAID CHITS
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01714868
IRS990ScheduleD/TotalLiabilityAmt08251
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt016861
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0ANNUAL FUND RAISER
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt093876
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt093876
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt093876
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt093876
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt077015
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt016861
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt016861
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TAXPAYER AND BOOKKEEPER REVIEW THE FORM 990. THE TREASURER THEN MAKES THE 990 AVAILABLE TO THE BOARD. THE BOARD APPROVES THE 990 AND THE TREASURER SIGNS THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TAX RETURNS, ACCOUNTING RECORDS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2REVIEWED AT ANNUAL MEETING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3WENT TO OUTSIDE CONSULTING FIRM TO DETERMINE COMPENSATION OF MANAGER
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part IV, Section B, Line 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 15A
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01991007
IRS990/TotalAssetsEOYAmt02057190
IRS990/TotalAssetsGrp/BOYAmt01991007
IRS990/TotalAssetsGrp/EOYAmt02057190
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0407915
IRS990/TotalEmployeeCnt050
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0707307
IRS990/TotalFunctionalExpensesGrp/TotalAmt0707307
IRS990/TotalGrossUBIAmt03445
IRS990/TotalLiabilitiesBOYAmt011287
IRS990/TotalLiabilitiesEOYAmt08251
IRS990/TotalLiabilitiesGrp/BOYAmt011287
IRS990/TotalLiabilitiesGrp/EOYAmt08251
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01979720
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02048939
IRS990/TotalProgramServiceExpensesAmt0707307
IRS990/TotalProgramServiceRevenueAmt0154077
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0288131
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0776526
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt03445
IRS990/TotalVolunteersCnt012
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01991007
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02057190
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01979720
IRS990/UnrestrictedNetAssetsGrp/EOYAmt02048939
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 315
IRS990/USAddress/CityNm0REMSENBURG
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd011960
IRS990/VotingMembersGoverningBodyCnt015
IRS990/VotingMembersIndependentCnt015
IRS990/WebsiteAddressTxt0www.yachtsquadron.com
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL STREBEL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-06-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WESTHAMPTON YACHT SQUADRON LTD
ReturnHeader/Filer/BusinessNameControlTxt0WEST
ReturnHeader/Filer/EIN0112136804
ReturnHeader/Filer/PhoneNum06313258321
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 315

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,057,190
Liabilities
$8,251
Net assets
$2,048,939
Revenue
$776,526
Expenses
$707,307
Net income
$69,219
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.82$0.00$2.82$0.94$0.93$0.01
2023Detailed filing. Detailed filing data is available for this year.$2.81$0.00$2.81$1.07$0.94$0.14
2022Detailed filing. Detailed filing data is available for this year.$2.67$0.00$2.67$1.01$0.96$0.05
2021Detailed filing. Detailed filing data is available for this year.$2.62$0.00$2.62$1.35$0.89$0.46
2020Detailed filing. Detailed filing data is available for this year.$2.16$0.00$2.16$0.84$0.73$0.10
2019Detailed filing. Detailed filing data is available for this year.$2.06$0.00$2.06$0.91$0.82$0.09
2018Detailed filing. Detailed filing data is available for this year.$1.98$0.01$1.97$0.83$0.82$0.00
2017Detailed filing. Detailed filing data is available for this year.$1.97$0.00$1.97$0.77$0.78$0.01
2016Detailed filing. Detailed filing data is available for this year.$1.97$0.00$1.97$0.65$0.73$0.08
2015Detailed filing. Detailed filing data is available for this year.$2.06$0.01$2.05$0.78$0.71$0.07
2014Detailed filing. Detailed filing data is available for this year.$1.99$0.01$1.98$0.82$0.72$0.10
2013Detailed filing. Detailed filing data is available for this year.$2.43$0.55$1.88$0.71$0.72$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.90$0.01$1.89$0.58
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.64$0.01$1.63$0.55