Civic Intelligence

Crescent Yacht Club

EIN 15-0530831 • 501(c)7 • Chaumont, NY

Profile

To promote boating on lake ontario

27300 Independence Point RdChaumont, NY 13622

cresentyachtclub.org

Siviq Scores

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

Liabilities / Assets

76th percentile

0.30x

Higher debt load relative to assets than 76% of similar nonprofits.

501(c)7 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

95th percentile

2.07x

Higher debt load relative to revenue than 95% of similar nonprofits.

501(c)7 • $500k-$1M nonprofits • Source year 2024

Net Margin

27th percentile

-2.9%

Higher net margin than 27% of similar nonprofits.

501(c)7 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

94th percentile

$0

Higher top officer pay than 94% of similar nonprofits.

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

501(c)7 • $500k-$1M nonprofits • Source year 2016

Asset Growth

36th percentile

-0.5%

Faster asset growth than 36% of similar nonprofits.

501(c)7 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

10th percentile

-16%

Faster revenue growth than 10% of similar nonprofits.

501(c)7 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Down

$503,669

Down $2,739 (-0.5%) from 2023

Liabilities

Down

$151,144

Down $2,596 (-1.7%) from 2023

Net Assets

Down

$352,525

Down $143 (-0.0%) from 2023

Revenue

Down

$73,013

Down $14,175 (-16%) from 2023

Expenses

Down

$75,133

Down $7,069 (-8.6%) from 2023

Net Income

Down

-$2,120

Down $7,106 (-143%) from 2023

Trend Graphs

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2010: $112,229Liabilities 2010: $14,963Net Assets 2010: $97,2662010Assets 2011: $123,794Liabilities 2011: $11,124Net Assets 2011: $112,6702011Assets 2012: $158,177Liabilities 2012: $31,605Net Assets 2012: $126,5722012Assets 2013: $150,871Liabilities 2013: $7,250Net Assets 2013: $143,6212013Assets 2014: $150,791Liabilities 2014: $430Net Assets 2014: $150,3612014Assets 2015: $156,038Liabilities 2015: $1,421Net Assets 2015: $154,6172015Assets 2016: $159,664Liabilities 2016: $974Net Assets 2016: $158,6902016Assets 2017: $166,143Liabilities 2017: $1,431Net Assets 2017: $164,7122017Assets 2018: $161,408Liabilities 2018: $1,250Net Assets 2018: $160,1582018Assets 2019: $157,329Liabilities 2019: $1,343Net Assets 2019: $155,9862019Assets 2020: $353,493Liabilities 2020: $150,220Net Assets 2020: $203,2732020Assets 2021: $538,907Liabilities 2021: $307,483Net Assets 2021: $231,4242021Assets 2022: $502,016Liabilities 2022: $154,936Net Assets 2022: $347,0802022Assets 2023: $506,408Liabilities 2023: $153,740Net Assets 2023: $352,6682023Assets 2024: $503,669Liabilities 2024: $151,144Net Assets 2024: $352,5252024

Highlighted filing

2024

Assets$503,669
Liabilities$151,144
Net Assets$352,525

Operations Trend

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

$200K$100K$0-$100KRevenue 2010: $83,820Expenses 2010: $67,504Net Income 2010: $16,3162010Revenue 2011: $100,765Expenses 2011: $85,361Net Income 2011: $15,4042011Revenue 2012: $105,143Expenses 2012: $91,241Net Income 2012: $13,9022012Revenue 2013: $103,492Expenses 2013: $86,443Net Income 2013: $17,0492013Revenue 2014: $95,101Expenses 2014: $88,361Net Income 2014: $6,7402014Revenue 2015: $105,447Expenses 2015: $101,191Net Income 2015: $4,2562015Revenue 2016: $101,898Expenses 2016: $97,825Net Income 2016: $4,0732016Revenue 2017: $99,889Expenses 2017: $93,867Net Income 2017: $6,0222017Revenue 2018: $109,252Expenses 2018: $113,806Net Income 2018: -$4,5542018Revenue 2019: $104,452Expenses 2019: $108,624Net Income 2019: -$4,1722019Revenue 2020: $126,001Expenses 2020: $58,608Net Income 2020: $67,3932020Revenue 2021: $102,758Expenses 2021: $74,411Net Income 2021: $28,3472021Revenue 2022: $195,478Expenses 2022: $87,906Net Income 2022: $107,5722022Revenue 2023: $87,188Expenses 2023: $82,202Net Income 2023: $4,9862023Revenue 2024: $73,013Expenses 2024: $75,133Net Income 2024: -$2,1202024

Highlighted filing

2024

Revenue$73,013
Expenses$75,133
Net Income-$2,120

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.04$1.51$3.53$0.73$0.75$0.02
2023Detailed filing. Detailed filing data is available for this year.$5.06$1.54$3.53$0.87$0.82$0.05
2022Detailed filing. Detailed filing data is available for this year.$5.02$1.55$3.47$1.95$0.88$1.08
2021Detailed filing. Detailed filing data is available for this year.$5.39$3.07$2.31$1.03$0.74$0.28
2020Detailed filing. Detailed filing data is available for this year.$3.53$1.50$2.03$1.26$0.59$0.67
2019Detailed filing. Detailed filing data is available for this year.$1.57$0.01$1.56$1.04$1.09$0.04
2018Detailed filing. Detailed filing data is available for this year.$1.61$0.01$1.60$1.09$1.14$0.05
2017Detailed filing. Detailed filing data is available for this year.$1.66$0.01$1.65$1.00$0.94$0.06
2016Detailed filing. Detailed filing data is available for this year.$1.60$0.01$1.59$1.02$0.98$0.04
2015Detailed filing. Detailed filing data is available for this year.$1.56$0.01$1.55$1.05$1.01$0.04
2014Detailed filing. Detailed filing data is available for this year.$1.51$0.00$1.50$0.95$0.88$0.07
2013Detailed filing. Detailed filing data is available for this year.$1.51$0.07$1.44$1.03$0.86$0.17
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.58$0.32$1.27$1.05$0.91$0.14
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.24$0.11$1.13$1.01$0.85$0.15
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.12$0.15$0.97$0.84$0.68$0.16
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 27, 2025
Return Version
2024v5.2
Gross Receipts
$120,501
Mission and Program Overview

Mission

To promote boating on lake ontario

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$386,565$374,962▼ $11,603
Rtn Earn Endowment Incm Other Fnds$352,668$352,525▼ $143
Cash and Non-Interest-Bearing Accounts$106,866$119,419▲ $12,553
Intangible Assets$6,369$5,852▼ $517
Inventories for Sale or Use$2,000$2,000→ $0
Accounts Receivable$4,608$1,436▼ $3,172
Total Assets$506,408$503,669▼ $2,739
Liabilities
Other Liabilities$148,101$145,284▼ $2,817
Accounts Payable and Accrued Expenses$5,639$5,860▲ $221
Total Liabilities$153,740$151,144▼ $2,596
Net Assets / Fund Balance
Total Net Assets Fund Balance$352,668$352,525▼ $143
Total Liabilities and Net Assets / Fund Balance$506,408$503,669▼ $2,739

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$342,885$51,334$394,219
Leasehold Improvements$27,950$87,619$115,569
Equipment$2,905$49,812$52,717
Other Land Buildings$1,222$14,317$15,539
Compensation and Service Providers

Board Members and Trustees

NameTitle
Barry DavisDirector
Dave WrightDirector
Karl AhlheimDirector
Mark AhlheimDirector
Mary MccarthyDirector
Matt SugrueDirector
Patrick GradyDirector
Paul NortonDirector
Gates ThrustonCommodore
Daniel MacholdFleet Captain
Rene ThrustonSecretary
Scott KelsoTreasurer
Eric WagenarVice Commodore
Revenue and Support

Revenue Composition

Contributions and Grants
$53,765
Program Service Revenue
$0
Investment Income
$84
Other Revenue
$19,164
All Other Contributions
$434
Change in Net Assets
$-2,120
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$75,133
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$31,410--$31,410
Depreciation Depletion$17,553--$17,553
Interest$10,512--$10,512
Insurance$8,577--$8,577
Fees for Services Accounting$4,094--$4,094
Office Expenses$2,307--$2,307
Advertising$485--$485
Other Expenses$175--$175
Total Functional Expenses$75,133$0$0$75,133
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
Federal income taxes$145,284
Long Term Loan Payable With Wsb-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
No
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
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
Yes

Governance Explanations

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

Return is available on the website for review and presented at meeting

Form 990, Part VIII, Line 11B

Other income reported on 990t 6364

Form 990, Part VI, Section C, Line 19

Governing documents, conflict of interest policy, and financial statement available upon request

Filing and Contact Details

Filer

Filer Name
Crescent Yacht Club
EIN
15-0530831
Phone
3154156129
Address
27300 INDEPENDENCE POINT RD, CHAUMONT, NY 13622

Signing Officer

Name
Scott Kelso
Title
Treasurer
Phone
3154156129
Signed
2025-10-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Scott Kelso
Formed
1901
Legal Domicile
Ny
Voting Board Members
110
Independent Board Members
110
Employees
5

Preparer

Firm
Jesmore & Associates CPA
Address
PO BOX 211, WATERTOWN, NY 13601
Preparer
Tamasina M Sharlow
Phone
3157822661
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Other expenses reported on 990t 4601

Form 990, Part XI, Line 8

1972. Adjustment 943for accumulated depreciation on assets reported on 990t and 1029 for nondeductible tax on 990t

Form 990, Part XI, Line 9

ROUNDING 5

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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/OccupancyGrp/ProgramServicesAmt031410
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IRS990/OtherRevenueMiscGrp/Desc0CLUB LOCKER RENTALS/ RENTAL OF FACILITY
IRS990/OtherRevenueMiscGrp/Desc1NET INCOME REPORTED ON 990T
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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01674
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt11763
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt01763
IRS990/OtherRevenueTotalAmt03437
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IRS990/PrincipalOfficerNm0SCOTT KELSO
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0RETURN IS AVAILABLE ON THE WEBSITE FOR REVIEW AND PRESENTED AT MEETING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1OTHER INCOME REPORTED ON 990T 6364
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENT AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3OTHER EXPENSES REPORTED ON 990T 4601
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt41972. ADJUSTMENT 943FOR ACCUMULATED DEPRECIATION ON ASSETS REPORTED ON 990T AND 1029 FOR NONDEDUCTIBLE TAX ON 990T
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ROUNDING 5
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt027300 INDEPENDENCE POINT
IRS990/USAddress/CityNm0CHAUMONT
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd013622
IRS990/VotingMembersGoverningBodyCnt0110
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IRS990/WebsiteAddressTxt0CRESENTYACHTCLUB.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SCOTT KELSO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum03154156129
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-10-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CRESCENT YACHT CLUB
ReturnHeader/Filer/BusinessNameControlTxt0CRES
ReturnHeader/Filer/EIN0150530831
ReturnHeader/Filer/PhoneNum03154156129
ReturnHeader/Filer/USAddress/AddressLine1Txt027300 INDEPENDENCE POINT RD
ReturnHeader/Filer/USAddress/CityNm0CHAUMONT
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd013622
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0871092115
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JESMORE & ASSOCIATES CPA

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