Civic Intelligence

Olcott Yacht Club Inc

EIN 16-0576476 • 501(c)7 • Olcott, NY

Profile

Social and recreational activities

PO Box 715 Water StreetOlcott, NY 14126

n/A

Siviq Scores

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

Liabilities / Assets

56th percentile

0.04x

Higher debt load relative to assets than 56% of similar nonprofits.

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

Liabilities / Revenue

62nd percentile

0.09x

Higher debt load relative to revenue than 62% of similar nonprofits.

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

Net Margin

74th percentile

17%

Higher net margin than 74% of similar nonprofits.

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

Top Officer Pay

89th percentile

$0

Higher top officer pay than 89% of similar nonprofits.

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

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

Asset Growth

73rd percentile

10%

Faster asset growth than 73% of similar nonprofits.

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

Revenue Growth

58th percentile

7.5%

Faster revenue growth than 58% of similar nonprofits.

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

Assets

Up

$563,747

Up $52,611 (+10%) from 2023

Liabilities

Up

$23,176

Up $11,024 (+91%) from 2023

Net Assets

Up

$540,571

Up $41,587 (+8.3%) from 2023

Revenue

Up

$247,700

Up $17,229 (+7.5%) from 2023

Expenses

Up

$206,113

Up $17,926 (+9.5%) from 2023

Net Income

Down

$41,587

Down $697 (-1.6%) from 2023

Trend Graphs

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2010: $386,262Liabilities 2010: $122,930Net Assets 2010: $263,3322010Assets 2011: $380,954Liabilities 2011: $86,981Net Assets 2011: $293,9732011Assets 2012: $406,114Liabilities 2012: $66,531Net Assets 2012: $339,5832012Assets 2013: $417,951Liabilities 2013: $64,438Net Assets 2013: $353,5132013Assets 2014: $420,552Liabilities 2014: $46,018Net Assets 2014: $374,5342014Assets 2015: $420,190Liabilities 2015: $41,370Net Assets 2015: $378,8202015Assets 2016: $428,742Liabilities 2016: $41,314Net Assets 2016: $387,4282016Assets 2017: $489,941Liabilities 2017: $103,850Net Assets 2017: $386,0912017Assets 2018: $493,954Liabilities 2018: $113,520Net Assets 2018: $380,4342018Assets 2019: $509,683Liabilities 2019: $93,175Net Assets 2019: $416,5082019Assets 2020: $500,070Liabilities 2020: $73,836Net Assets 2020: $426,2342020Assets 2021: $503,474Liabilities 2021: $68,890Net Assets 2021: $434,5842021Assets 2022: $493,239Liabilities 2022: $36,539Net Assets 2022: $456,7002022Assets 2023: $511,136Liabilities 2023: $12,152Net Assets 2023: $498,9842023Assets 2024: $563,747Liabilities 2024: $23,176Net Assets 2024: $540,5712024

Highlighted filing

2024

Assets$563,747
Liabilities$23,176
Net Assets$540,571

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2010: $204,195Expenses 2010: $163,921Net Income 2010: $40,2742010Revenue 2011: $180,944Expenses 2011: $150,303Net Income 2011: $30,6412011Revenue 2012: $231,059Expenses 2012: $185,449Net Income 2012: $45,6102012Revenue 2013: $165,175Expenses 2013: $151,245Net Income 2013: $13,9302013Revenue 2014: $166,161Expenses 2014: $145,140Net Income 2014: $21,0212014Revenue 2015: $175,595Expenses 2015: $171,309Net Income 2015: $4,2862015Revenue 2016: $186,037Expenses 2016: $177,429Net Income 2016: $8,6082016Revenue 2017: $163,493Expenses 2017: $164,830Net Income 2017: -$1,3372017Revenue 2018: $159,725Expenses 2018: $165,382Net Income 2018: -$5,6572018Revenue 2019: $163,590Expenses 2019: $156,180Net Income 2019: $7,4102019Revenue 2020: $115,814Expenses 2020: $106,088Net Income 2020: $9,7262020Revenue 2021: $169,263Expenses 2021: $160,913Net Income 2021: $8,3502021Revenue 2022: $186,154Expenses 2022: $164,038Net Income 2022: $22,1162022Revenue 2023: $230,471Expenses 2023: $188,187Net Income 2023: $42,2842023Revenue 2024: $247,700Expenses 2024: $206,113Net Income 2024: $41,5872024

Highlighted filing

2024

Revenue$247,700
Expenses$206,113
Net Income$41,587

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.64$0.23$5.41$2.48$2.06$0.42
2023Summary only. Only limited summary data is available for this year.$5.11$0.12$4.99$2.30$1.88$0.42
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.93$0.37$4.57$1.86$1.64$0.22
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.03$0.69$4.35$1.69$1.61$0.08
2020Summary only. Only limited summary data is available for this year.$5.00$0.74$4.26$1.16$1.06$0.10
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.10$0.93$4.17$1.64$1.56$0.07
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.94$1.14$3.80$1.60$1.65$0.06
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.90$1.04$3.86$1.63$1.65$0.01
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.29$0.41$3.87$1.86$1.77$0.09
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.20$0.41$3.79$1.76$1.71$0.04
2014Detailed filing. Detailed filing data is available for this year.$4.21$0.46$3.75$1.66$1.45$0.21
2013Summary only. Only limited summary data is available for this year.$4.18$0.64$3.54$1.65$1.51$0.14
2012Summary only. Only limited summary data is available for this year.$4.06$0.67$3.40$2.31$1.85$0.46
2011Summary only. Only limited summary data is available for this year.$3.81$0.87$2.94$1.81$1.50$0.31
2010Summary only. Only limited summary data is available for this year.$3.86$1.23$2.63$2.04$1.64$0.40
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 7, 2025
Return Version
2024v5.1
Gross Receipts
$312,500
Mission and Program Overview

Mission

The organization encourages members to become proficient in navigation and handling of their sailing/power vessels, while simultaneously promoting seamanship and sportsmanship.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$498,984$540,571▲ $41,587
Land, Buildings, and Equipment, Net$395,669$451,052▲ $55,383
Cash and Non-Interest-Bearing Accounts$84,517$97,311▲ $12,794
Inventories for Sale or Use$12,687$10,942▼ $1,745
Accounts Receivable$18,263$4,442▼ $13,821
Total Assets$511,136$563,747▲ $52,611
Liabilities
Other Liabilities$11,698$21,686▲ $9,988
Accounts Payable and Accrued Expenses$454$1,490▲ $1,036
Total Liabilities$12,152$23,176▲ $11,024
Net Assets / Fund Balance
Total Net Assets Fund Balance$498,984$540,571▲ $41,587
Total Liabilities and Net Assets / Fund Balance$511,136$563,747▲ $52,611

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$368,965$571,431$940,396
Equipment$47,138$110,528$157,666
Leasehold Improvements$7,003$28,729$35,732
Land$27,946-$27,946
Other Land Buildings-$2,736$2,736
Compensation and Service Providers

Board Members and Trustees

NameTitle
Roger VossCommodore
Nick SouthardFleet Captain
Vic ThieaultFleet Captain
Alan RosenbaumRear Commodore
Sheila FlanaganSecretary
Sue CassidyTreasury
Joe HigginsVice Commodore
Revenue and Support

Revenue Composition

Contributions and Grants
$9,928
Program Service Revenue
$166,044
Investment Income
$1
Other Revenue
$71,727
Change in Net Assets
$41,587
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$107,165
Salaries, Compensation, and Employee Benefits$98,948
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$85,135--$85,135
Occupancy$39,130--$39,130
Depreciation Depletion---$24,024
Payroll Taxes$13,813--$13,813
Other Expenses$12,400--$12,400
Fees for Services Other$7,395--$7,395
Office Expenses$4,697--$4,697
All Other Expenses$3,362--$3,362
Fees for Services Legal$2,065--$2,065
Fees for Services Accounting$1,100--$1,100
Advertising$881--$881
Conferences and Meetings$147--$147
Total Functional Expenses$182,089$0$0$206,113
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$10,000
Sales Tax Liability$10,000
Deposit /Prepaid Storage$1,686
Loan Payable-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
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
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Olcott Yacht Club Inc
EIN
16-0576476
Address
PO Box 715 Water Street, Olcott, NY 14126

Signing Officer

Name
Sue Cassidy
Title
Treasurer
Phone
7168077913
Signed
2025-05-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sue Cassidy
Formed
1920
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
6
Employees
19

Preparer

Firm
Brown Tax & Accounting Inc
Address
260 East Avenue, Lockport, NY 14094
Preparer
Cari J Brown CPA
Phone
7164396922
Supplemental Narrative

Additional Explanations

Form 990, Part IV, Line 19

This is a private club

Form 990, Part IV, Line 11B

The finanacial statements are reviewed by the board. The return is reviewed by the treasurer.

Raw XML Appendix365 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
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Commodore
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice Commodore
IRS990/Form990PartVIISectionAGrp/TitleTxt2Rear Commodore
IRS990/Form990PartVIISectionAGrp/TitleTxt3Fleet Captain
IRS990/Form990PartVIISectionAGrp/TitleTxt4Fleet Captain
IRS990/Form990PartVIISectionAGrp/TitleTxt5Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt6Treasury
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IRS990/ReconcilationRevenueExpnssAmt041587
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0498984
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0540571
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0368965
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0571431
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0940396
IRS990ScheduleD/EquipmentGrp/BookValueAmt047138
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0110528
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0157666
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt027946
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt027946
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt07003
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt028729
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt035732
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02736
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt02736
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt010000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11686
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt210000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Deposit /Prepaid Storage
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Sales Tax Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Loan Payable
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0451052
IRS990ScheduleD/TotalLiabilityAmt021686
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0This is a private club
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The finanacial statements are reviewed by the board. The return is reviewed by the treasurer.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part IV, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part IV, Line 11b
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0511136
IRS990/TotalAssetsEOYAmt0563747
IRS990/TotalAssetsGrp/BOYAmt0511136
IRS990/TotalAssetsGrp/EOYAmt0563747
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt09928
IRS990/TotalEmployeeCnt019
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0182089
IRS990/TotalFunctionalExpensesGrp/TotalAmt0206113
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt012152
IRS990/TotalLiabilitiesEOYAmt023176
IRS990/TotalLiabilitiesGrp/BOYAmt012152
IRS990/TotalLiabilitiesGrp/EOYAmt023176
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0498984
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0540571
IRS990/TotalProgramServiceExpensesAmt0182089
IRS990/TotalProgramServiceRevenueAmt0166044
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0166045
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0247700
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0511136
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0563747
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box 715 Water Street
IRS990/USAddress/CityNm0Olcott
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd014126
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Sue Cassidy
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum07168077913
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Olcott Yacht Club Inc
ReturnHeader/Filer/BusinessNameControlTxt0OLCO
ReturnHeader/Filer/EIN0160576476
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 715 Water Street
ReturnHeader/Filer/USAddress/CityNm0Olcott
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd014126
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0921173721
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Brown Tax & Accounting Inc
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0260 East Avenue
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Lockport
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd014094
ReturnHeader/PreparerPersonGrp/PhoneNum07164396922
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Cari J Brown CPA
ReturnHeader/ReturnTs02025-05-07T02:48:17-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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