Civic Intelligence

The Hyannis Yacht Club Foundation Inc.

EIN 87-1342254 • 501(c)3 • Hyannis, MA

Pub. 78 Eligible990-N Coverage

Profile

To promote, develop, maintain and oversee a sailing and swim school; to engage in the promotion and development of sailing and swimming activities; and to develop and engage in instructional and educational activity and programs related to sailing and swimming in the town of hyannis, massachusetts and surrounding communities.

490 Ocean StreetHyannis, MA 02601

hyannisyachtclubfoundaion.org

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.06x

Higher debt load relative to assets than 63% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

53rd percentile

0.02x

Higher debt load relative to revenue than 53% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

66th percentile

14%

Higher net margin than 66% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

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

501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

91st percentile

77%

Faster asset growth than 91% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

75th percentile

33%

Faster revenue growth than 75% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Up

$170,376

Up $73,927 (+77%) from 2023

Liabilities

Up

$10,649

Up $1,479 (+16%) from 2023

Net Assets

Up

$159,727

Up $72,448 (+83%) from 2023

Revenue

Up

$525,277

Up $129,752 (+33%) from 2023

Expenses

Up

$452,829

Up $119,695 (+36%) from 2023

Net Income

Up

$72,448

Up $10,057 (+16%) from 2023

Trend Graphs

Balance Sheet Trend

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

$200K$150K$100K$50K$0Assets 2023: $96,449Liabilities 2023: $9,170Net Assets 2023: $87,2792023Assets 2024: $170,376Liabilities 2024: $10,649Net Assets 2024: $159,7272024

Highlighted filing

2024

Assets$170,376
Liabilities$10,649
Net Assets$159,727

Operations Trend

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

$600K$400K$200K$0Revenue 2023: $395,525Expenses 2023: $333,134Net Income 2023: $62,3912023Revenue 2024: $525,277Expenses 2024: $452,829Net Income 2024: $72,4482024

Highlighted filing

2024

Revenue$525,277
Expenses$452,829
Net Income$72,448

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 10, 2025
Return Version
2024v5.2
Gross Receipts
$551,548
Mission and Program Overview

Mission

To promote, develop, maintain and oversee a sailing and swim school; to engage in the promotion and development of sailing and swimming activities; and to develop and engage in instructional and educational activity and programs related to sailing and swimming in the town of hyannis, massachusetts and surrounding communities.

To promote, develop, maintain and oversee a sailing and swim school and engage in instructional and educational activity and programs related to sailing and swimming in the town of hyannis, massachusetts and surrounding communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$52,412$99,307▲ $46,895
Land, Buildings, and Equipment, Net$34,487$69,216▲ $34,729
Accounts Receivable$9,550$1,853▼ $7,697
Total Assets$96,449$170,376▲ $73,927
Liabilities
Accounts Payable and Accrued Expenses$5,000$10,649▲ $5,649
Other Liabilities$4,170$0▼ $4,170
Total Liabilities$9,170$10,649▲ $1,479
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$74,636$145,584▲ $70,948
Net Assets With Donor Restrictions$12,643$14,143▲ $1,500
Total Net Assets Fund Balance$87,279$159,727▲ $72,448
Total Liabilities and Net Assets / Fund Balance$96,449$170,376▲ $73,927

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$69,216$10,027$79,243
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$169,245
Program Service Revenue
$382,294
Investment Income
$9
Other Revenue
$-26,271
All Other Contributions
$130,090
Change in Net Assets
$72,448

Audited Revenue Reconciliation

Revenue per Audited Statements
$551,548
Revenue Not Reported on Financial Statements
$-26,271
Revenue Not Reported on Form 990
$-19,110
Other Revenue Adjustments
$-26,271
Total Revenue per Audited Statements
$532,438
Total Revenue per Form 990
$525,277
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$416,189
Other Expenses$36,640
Total Fundraising Expense$4,949
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$397,079--$397,079
Grants to Domestic Individuals$19,110--$19,110
Fees for Services Accounting-$10,591-$10,591
Depreciation Depletion$7,293--$7,293
Office Expenses-$771$3,378$4,149
Conferences and Meetings$1,000$1,728-$2,728
Insurance$186$657-$843
Advertising--$590$590
Other Expenses$5,864$305$981$305
Fees for Services Legal-$180-$180
Total Functional Expenses$430,532$17,348$4,949$452,829

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$459,990
Total Expenses per Form 990$452,829
Expenses per Audited Statements$433,719
Expenses Not Reported on Form 990$26,271
Expenses Not Reported on Financial Statements$19,110
Other Expense Adjustments$19,110
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Hyannis Yacht ClubHyannis, MA501(c)(7)To Operate and Administer the Sail/swim Program.$397,079
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$26,271
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Casino Night$29,603-$3,634-
Scholarfish Tournament$9,552-$4,630-
Total Events$39,155-$26,271$-26,271
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
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
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

A responsible person is provided with the form 990 to review for its completeness and accuracy.

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

Board members are required to complete a conflict of interest disclosure form annually. The board reviews the forms annually.

Form 990, Part VI, Section C, Line 19

Financial statements are attached to the ma form pc filing with the attorney general's office. This form is open to public inspection. Governing documents are not available to the public.

Filing and Contact Details

Filer

Filer Name
Hyannis Yacht Club Foundation Inc
EIN
87-1342254
Phone
5087759331
Address
490 OCEAN STREET, HYANNIS, MA 02601

Signing Officer

Name
Mary Ellen Defrias
Title
Treasurer
Phone
5087759331
Signed
2025-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Randall W Wallin
Formed
2021
Legal Domicile
Ma
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
10

Preparer

Firm
Pkf Jnd Pc
Address
400 CROWN COLONY DRIVE SUITE 102, QUINCY, MA 02169
Preparer
Amanda Wolfe
Phone
6174220007
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

The organization's executive committee assumes responsibilty for oversight of the audit of its financial statements and selection of an independent auditor.

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

SCHOLARSHIPS -19,110.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Fundraising expenses -26,271.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Fundraising expenses 26,271.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

SCHOLARSHIPS 19,110.

Raw XML AppendixShowing 400 of 490 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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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0674183
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt010445
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt010445
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt09
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt06
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt015
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportTotal509Amt0988670
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0551539
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0408618
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt028513
IRS990ScheduleA/Total509Grp/TotalAmt0988670
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0551548
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0408624
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt028513
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0988685
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/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt069216
IRS990ScheduleD/EquipmentGrp/DepreciationAmt010027
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt079243
IRS990ScheduleD/ExpensesNotReportedAmt026271
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt019110
IRS990ScheduleD/ExpensesSubtotalAmt0433719
IRS990ScheduleD/OtherExpensesIncludedAmt026271
IRS990ScheduleD/OtherExpensesNotIncludedAmt019110
IRS990ScheduleD/OtherRevenueAmt0-19110
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-26271
IRS990ScheduleD/RevenueNotReportedAmt0-19110
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-26271
IRS990ScheduleD/RevenueSubtotalAmt0551548
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SCHOLARSHIPS -19,110.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FUNDRAISING EXPENSES -26,271.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2FUNDRAISING EXPENSES 26,271.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3SCHOLARSHIPS 19,110.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt069216
IRS990ScheduleD/TotalExpensesPerForm990Amt0452829
IRS990ScheduleD/TotalRevenuePerForm990Amt0525277
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0532438
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0459990
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt039155
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt09552
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt029603
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt026271
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent2Amt08259
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt08259
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0SCHOLARFISH TOURNAMENT
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0CASINO NIGHT
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent2Amt09350
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt09350
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt09552
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt029603
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt039155
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-26271
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt0398
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt08662
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt04630
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt03634
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt01
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt019110
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt08
IRS990ScheduleI/RecipientTable/CashGrantAmt0397079
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(7)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO OPERATE AND ADMINISTER THE SAIL/SWIM PROGRAM.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0HYANNIS YACHT CLUB
IRS990ScheduleI/RecipientTable/RecipientEIN0042000996
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0490 OCEAN STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0HYANNIS
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd002601
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS REVIEW THE HYANNIS YACHT CLUB'S ADMINISTRATION OF THE SAIL/SWIM PROGRAM, INCLUDNG MONITORING REGISTRATION AND CLASSES HELD.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A RESPONSIBLE PERSON IS PROVIDED WITH THE FORM 990 TO REVIEW FOR ITS COMPLETENESS AND ACCURACY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE FORM ANNUALLY. THE BOARD REVIEWS THE FORMS ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FINANCIAL STATEMENTS ARE ATTACHED TO THE MA FORM PC FILING WITH THE ATTORNEY GENERAL'S OFFICE. THIS FORM IS OPEN TO PUBLIC INSPECTION. GOVERNING DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S EXECUTIVE COMMITTEE ASSUMES RESPONSIBILTY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT AUDITOR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0HYANNIS YACHT CLUB
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0042000996
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(7)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0TO PROVIDE DINING, SAILING, AND SOCIAL EVENTS FOR THE MEMBERS.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0490 OCEAN STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0HYANNIS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd002601
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00

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