Civic Intelligence

Seafarers Yacht Club Inc

EIN 52-0799741 • 501(c)7 • Annapolis, MD

990-N Coverage

Profile

SEE STATEMENT 1

301 Chester AvenueAnnapolis, MD 21403

n/A

Siviq Scores

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

Liabilities / Assets

33rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Liabilities / Revenue

34th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Net Margin

35th percentile

0.0%

Higher net margin than 35% 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

39th percentile

0.0%

Faster asset growth than 39% of similar nonprofits.

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

Revenue Growth

3rd percentile

-44%

Faster revenue growth than 3% of similar nonprofits.

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

Assets

Flat

$853,902

Flat from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Flat

$853,902

Flat from 2023

Revenue

Down

$68,098

Down $52,959 (-44%) from 2023

Expenses

Up

$68,098

Up $9,353 (+16%) from 2023

Net Income

Down

$0

Down $62,312 (-100%) from 2023

Trend Graphs

Balance Sheet Trend

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

$1.0M$500K$0Assets 2011: $1Liabilities 2011: $02011Assets 2012: $2,229Liabilities 2012: $02012Assets 2013: $4,351Liabilities 2013: $0Net Assets 2013: $4,3512013Assets 2014: $3,657Liabilities 2014: $0Net Assets 2014: $3,6572014Assets 2015: $5,408Liabilities 2015: $0Net Assets 2015: $5,4082015Assets 2016: $6,974Liabilities 2016: $0Net Assets 2016: $6,9742016Assets 2017: $12,163Liabilities 2017: $0Net Assets 2017: $12,1632017Assets 2018: $5,896Liabilities 2018: $0Net Assets 2018: $5,8962018Assets 2019: $10,008Liabilities 2019: $0Net Assets 2019: $10,0082019Assets 2022: $827,749Liabilities 2022: $0Net Assets 2022: $827,7492022Assets 2023: $853,902Liabilities 2023: $0Net Assets 2023: $853,9022023Assets 2024: $853,902Liabilities 2024: $0Net Assets 2024: $853,9022024

Highlighted filing

2024

Assets$853,902
Liabilities$0
Net Assets$853,902

Operations Trend

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

$150K$100K$50K$0-$50KRevenue 2011: $42,149Expenses 2011: $42,611Net Income 2011: -$4622011Revenue 2012: $57,015Expenses 2012: $54,185Net Income 2012: $2,8302012Revenue 2013: $73,172Expenses 2013: $68,866Net Income 2013: $4,3062013Revenue 2014: $75,705Expenses 2014: $76,399Net Income 2014: -$6942014Revenue 2015: $93,533Expenses 2015: $91,782Net Income 2015: $1,7512015Revenue 2016: $88,861Expenses 2016: $87,295Net Income 2016: $1,5662016Revenue 2017: $51,801Expenses 2017: $46,612Net Income 2017: $5,1892017Revenue 2018: $54,806Expenses 2018: $61,588Net Income 2018: -$6,7822018Revenue 2019: $79,875Expenses 2019: $76,332Net Income 2019: $3,5432019Revenue 2022: $53,000Expenses 2022: $49,487Net Income 2022: $3,5132022Revenue 2023: $121,057Expenses 2023: $58,745Net Income 2023: $62,3122023Revenue 2024: $68,098Expenses 2024: $68,098Net Income 2024: $02024

Highlighted filing

2024

Revenue$68,098
Expenses$68,098
Net Income$0

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Mar 20, 2025
Return Version
2024v5.1
Gross Receipts
$68,098
Mission and Program Overview

Mission

SEE STATEMENT 1

Boating safety and enjoyment

Balance Sheet Detail
LineBeginningEndChange
Assets
Pd in Cap Srpls Land Bldg Eqp Fund$796,800$796,800→ $0
Land, Buildings, and Equipment, Net$796,800$796,400▼ $400
Cash and Non-Interest-Bearing Accounts$42,007$57,502▲ $15,495
Cap Stk Tr Prin Current Funds$57,102$57,102→ $0
Savings and Temporary Cash Investments$14,104$0▼ $14,104
Prepaid Expenses and Deferred Charges$991--
Total Assets$853,902$853,902→ $0
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$853,902$853,902→ $0
Total Liabilities and Net Assets / Fund Balance$853,902$853,902→ $0

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$149,400--
Land$635,000--
Equipment$12,000--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Francis SmithAt Large Mem
Gregory GordonAt Large Mem
A Joyce Price-jonesCommodore
William WoodwardCOR Sec & Manager
Sherman AdisonFinancial Secretary
Benjamin MccottryPast Commodore
Bryan RockRear Commodore
Edward MorrisRec Secretary
Rebecca KingTreasurer
David TurnerVice-commodore
Revenue and Support

Revenue Composition

Contributions and Grants
$58,787
Program Service Revenue
$0
Investment Income
$2,611
Other Revenue
$6,700
Change in Net Assets
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$68,098
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
Other Expenses$0$0$0$11,199
All Other Expenses$0$0$0$10,863
Insurance$0$0$0$5,913
Information Technology$0$0$0$1,103
Fees for Services Accounting$0$0$0$700
Total Functional Expenses$0$0$0$68,098
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Seafarers Yacht Club Inc
EIN
52-0799741
Phone
4109137680
Address
301 CHESTER AVENUE, ANNAPOLIS, MD 21403
Doing Business As
Seafarers Yacht Club

Signing Officer

Name
Bryan Rock
Title
Rear Commodore
Phone
4109137680
Signed
2025-03-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joyce Price-jones
Formed
1959
Legal Domicile
Md
Voting Board Members
0
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Green Financial Services LLC
Address
1502 COLDWATER RESERVE CROSSING, SEVERN, MD 21144
Preparer
Shaunte Green
Phone
4103052390
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

990 is shared for comments

Pt VI, Line 19

AVAILABE UPON REQUEST

Pt VI, Line 6

Organization has established executive board

Pt VI, Line 7A

Established voting procedure

Pt VI, Line 7B

Established voting procedure

Pt VI, Line 8A

RECORDED MEETING NOTES

Pt VI, Line 8B

RECORDED MEETING NOTES

Pt VI, Line 12C

Compliance enforced according to bylaws

Pt VI, Line 15A

APPROVED BY VOTE

Pt VI, Line 15B

APPROVED BY VOTE

Raw XML Appendix347 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.

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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt08708
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt068098
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0603
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0853902
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0853902
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt07713 LYMAN AVENUE
IRS990/USAddress/CityNm0PASADENA
IRS990/USAddress/StateAbbreviationCd0MD
IRS990/USAddress/ZIPCd021122
IRS990/VotingMembersGoverningBodyCnt00
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BRYAN ROCK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0REAR COMMODORE
ReturnHeader/BusinessOfficerGrp/PhoneNum04109137680
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-03-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SEAFARERS YACHT CLUB INC
ReturnHeader/Filer/BusinessNameControlTxt0SEAF
ReturnHeader/Filer/EIN0520799741
ReturnHeader/Filer/PhoneNum04109137680
ReturnHeader/Filer/USAddress/AddressLine1Txt0301 CHESTER AVENUE
ReturnHeader/Filer/USAddress/CityNm0ANNAPOLIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MD
ReturnHeader/Filer/USAddress/ZIPCd021403
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0462376825
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GREEN FINANCIAL SERVICES LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01502 COLDWATER RESERVE CROSSING
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SEVERN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd021144
ReturnHeader/PreparerPersonGrp/PhoneNum04103052390
ReturnHeader/PreparerPersonGrp/PreparationDt02025-04-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Shaunte Green
ReturnHeader/ReturnTs02025-04-02T02:57:42-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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