Civic Intelligence

Winter Harbor Yacht Club

EIN 26-3902562 • 501(c)7 • Winter Harbor, ME

Profile

Social Club

PO Box 2Winter Harbor, ME 04693

n/A

Siviq Scores

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

Liabilities / Assets

27th percentile

0.01x

Higher debt load relative to assets than 27% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

25th percentile

0.01x

Higher debt load relative to revenue than 25% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Source year 2024

Net Margin

96th percentile

66%

Higher net margin than 96% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

80th percentile

$0

Higher top officer pay than 80% of similar nonprofits.

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

501(c)7 • $1M-$5M nonprofits • Source year 2024

Asset Growth

98th percentile

103%

Faster asset growth than 98% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

98th percentile

266%

Faster revenue growth than 98% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$1,359,488

Up $690,874 (+103%) from 2023

Liabilities

Down

$16,755

Down $58,226 (-78%) from 2023

Net Assets

Up

$1,342,733

Up $749,100 (+126%) from 2023

Revenue

Up

$1,129,873

Up $821,160 (+266%) from 2023

Expenses

Up

$380,773

Up $84,609 (+29%) from 2023

Net Income

Up

$749,100

Up $736,551 (+5869%) from 2023

Trend Graphs

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2013: $292,549Liabilities 2013: $1,489Net Assets 2013: $291,0602013Assets 2014: $319,695Liabilities 2014: $683Net Assets 2014: $319,0122014Assets 2015: $318,591Liabilities 2015: $549Net Assets 2015: $318,0422015Assets 2016: $337,078Liabilities 2016: $2,213Net Assets 2016: $334,8652016Assets 2017: $350,232Liabilities 2017: $6,856Net Assets 2017: $343,3762017Assets 2018: $363,565Liabilities 2018: $108Net Assets 2018: $363,4572018Assets 2019: $402,584Liabilities 2019: $388Net Assets 2019: $402,1962019Assets 2021: $473,934Liabilities 2021: $2,231Net Assets 2021: $471,7032021Assets 2022: $586,694Liabilities 2022: $5,602Net Assets 2022: $581,0922022Assets 2023: $668,614Liabilities 2023: $74,981Net Assets 2023: $593,6332023Assets 2024: $1,359,488Liabilities 2024: $16,755Net Assets 2024: $1,342,7332024

Highlighted filing

2024

Assets$1,359,488
Liabilities$16,755
Net Assets$1,342,733

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2013: $180,526Expenses 2013: $157,061Net Income 2013: $23,4652013Revenue 2014: $194,271Expenses 2014: $166,319Net Income 2014: $27,9522014Revenue 2015: $194,570Expenses 2015: $195,540Net Income 2015: -$9702015Revenue 2016: $198,843Expenses 2016: $182,020Net Income 2016: $16,8232016Revenue 2017: $213,062Expenses 2017: $204,551Net Income 2017: $8,5112017Revenue 2018: $223,021Expenses 2018: $202,940Net Income 2018: $20,0812018Revenue 2019: $224,181Expenses 2019: $185,442Net Income 2019: $38,7392019Revenue 2021: $321,381Expenses 2021: $243,349Net Income 2021: $78,0322021Revenue 2022: $384,203Expenses 2022: $274,814Net Income 2022: $109,3892022Revenue 2023: $308,713Expenses 2023: $296,164Net Income 2023: $12,5492023Revenue 2024: $1,129,873Expenses 2024: $380,773Net Income 2024: $749,1002024

Highlighted filing

2024

Revenue$1,129,873
Expenses$380,773
Net Income$749,100

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 12, 2025
Return Version
2024v5.1
Gross Receipts
$1,129,873
Mission and Program Overview

Mission

Social Club

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$381,767$1,258,190▲ $876,423
Cash and Non-Interest-Bearing Accounts$97,767$57,669▼ $40,098
Accounts Receivable$38,251$24,358▼ $13,893
Inventories for Sale or Use$11,442$8,993▼ $2,449
Prepaid Expenses and Deferred Charges$6,682$7,503▲ $821
Savings and Temporary Cash Investments$132,705$2,775▼ $129,930
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Total Assets$668,614$1,359,488▲ $690,874
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$74,981$16,755▼ $58,226
Total Liabilities$74,981$16,755▼ $58,226
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$593,633$1,342,733▲ $749,100
Total Net Assets Fund Balance$593,633$1,342,733▲ $749,100
Total Liabilities and Net Assets / Fund Balance$668,614$1,359,488▲ $690,874

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$1,201,527$157,601$1,359,128
Equipment$54,818$281,710$336,528
Buildings$1,845$4,655$6,500
Compensation and Service Providers

Board Members and Trustees

NameTitle
Craig RaymondAsst Treasurer
Alex MishkinCommodore
John TownsendGovernor
Katherine HatcherGovernor
Katherine MarshallGovernor
Laura CutlerGovernor
Stephanie MuhsGovernor
Alan GoldsteinHonorary Commod
Alice Brown HodgesRear Commodore
Katharine BrownSecretary
David KleiserTreasurer
Thomas KirchoffVice Commodore
Revenue and Support

Revenue Composition

Contributions and Grants
$823,517
Program Service Revenue
$263,572
Investment Income
$131
Other Revenue
$42,653
All Other Contributions
$823,517
Change in Net Assets
$749,100
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$243,927
Salaries, Compensation, and Employee Benefits$136,846
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$125,335--$125,335
Occupancy$81,311--$81,311
Depreciation Depletion$78,578--$78,578
Fees for Services Accounting-$33,487-$33,487
Insurance$22,214--$22,214
Payroll Taxes$11,511--$11,511
Office Expenses-$2,547-$2,547
Other Expenses$5--$5
Total Functional Expenses$344,739$36,034$0$380,773
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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

Governance Explanations

Form 990, Part VI, Section A, Line 2

Alice Brown Hodges, Governor, is the niece of Katharine Brown, Secretary.

Form 990, Part VI, Section A, Line 6

The members represent people from the State of Maine and across the country vacationing in the Winter Harbor, Maine area that pay membership dues in order to help maintain and upkeep the Club's facilities and equipment. As a result of paying those membership dues, the members are allowed to use the Club's facilities for the purpose of social interaction and fellowship.

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

The Treasurer reviews the 990 before it is signed and filed. The governing body members are spread throughout the United States, making it difficult to have them review the 990 before it is filed. The Club makes every attempt to get the 990 filed timely. Once the 990 is completed, a copy is sent to all officers for their review. If they have any questions, they contact the Treasurer, who in turn answers the question or gets an answer to the question.

Form 990, Part VI, Section C, Line 19

Upon request, copies of the documents will be supplied to the public.

Filing and Contact Details

Filer

Filer Name
Winter Harbor Yacht Club
EIN
26-3902562
Phone
2079632275
Address
PO Box 2, Winter Harbor, ME 04693

Signing Officer

Name
David Kleiser
Title
Treasurer
Signed
2025-05-12
Discuss with paid preparer
Yes

Organization Details

Legal Domicile
Me
Voting Board Members
12
Independent Board Members
0
Employees
16

Preparer

Firm
James W Wadman CPA
Address
295 MAIN ST, ELLSWORTH, ME 04605
Preparer
James W Wadman CPA
Phone
2076676500
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IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt011511
IRS990/PayrollTaxesGrp/TotalAmt011511
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt06682
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt07503
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0Initiation Fees
IRS990/ProgramServiceRevenueGrp/Desc1Membership Dues & Assessments
IRS990/ProgramServiceRevenueGrp/Desc2Other Income
IRS990/ProgramServiceRevenueGrp/Desc3Subscriber Fees
IRS990/ProgramServiceRevenueGrp/Desc4Youth Programs/Dockage
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt010000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1176947
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt25998
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt320160
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt450467
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt010000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1176947
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt25998
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt320160
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt450467
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt020000
IRS990/PYInvestmentIncomeAmt0219
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0183167
IRS990/PYOtherRevenueAmt022250
IRS990/PYProgramServiceRevenueAmt0266244
IRS990/PYRevenuesLessExpensesAmt012549
IRS990/PYSalariesCompEmpBnftPaidAmt0112997
IRS990/PYTotalExpensesAmt0296164
IRS990/PYTotalRevenueAmt0308713
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0749100
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0259222
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0132705
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02775
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt01845
IRS990ScheduleD/BuildingsGrp/DepreciationAmt04655
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06500
IRS990ScheduleD/EquipmentGrp/BookValueAmt054818
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0281710
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0336528
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01201527
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0157601
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01359128
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01258190
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Alice Brown Hodges, Governor, is the niece of Katharine Brown, Secretary.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The members represent people from the State of Maine and across the country vacationing in the Winter Harbor, Maine area that pay membership dues in order to help maintain and upkeep the Club's facilities and equipment. As a result of paying those membership dues, the members are allowed to use the Club's facilities for the purpose of social interaction and fellowship.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Treasurer reviews the 990 before it is signed and filed. The governing body members are spread throughout the United States, making it difficult to have them review the 990 before it is filed. The Club makes every attempt to get the 990 filed timely. Once the 990 is completed, a copy is sent to all officers for their review. If they have any questions, they contact the Treasurer, who in turn answers the question or gets an answer to the question.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Upon request, copies of the documents will be supplied to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Grindstone Association
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0010202445
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt07
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0ME
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Social Club
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0PO Box 12
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Winter Harbor
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0ME
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd004693
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0ME
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0668614
IRS990/TotalAssetsEOYAmt01359488
IRS990/TotalAssetsGrp/BOYAmt0668614
IRS990/TotalAssetsGrp/EOYAmt01359488
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0823517
IRS990/TotalEmployeeCnt016
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt036034
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0344739
IRS990/TotalFunctionalExpensesGrp/TotalAmt0380773
IRS990/TotalGrossUBIAmt0131
IRS990/TotalLiabilitiesBOYAmt074981

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