Niantic Bay Yacht Club Inc in Niantic, Connecticut (CT)

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Niantic Bay Yacht Club Inc
Employer Identification Number (EIN)060684502
Name of OrganizationNiantic Bay Yacht Club Inc
AddressPO BOX 416, Niantic, CT 06357-0416
ActivitiesOther sports or athletic activities
SubsectionPleasure, Recreational, or Social Club
Ruling Date08/1962
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2012
Assets$500,000 to $999,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$877,302
Amount of Income$319,507
Form 990 Revenue Amount$319,507


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Financial snapshot ($)

Revenue for 2011

Functional expenses for 2011

Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?Yes
Initiation fees and capital contributions$8,100
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$323,543
Contributions, Gifts, Grants and Other Similar Amounts$211,830
Program Service Revenue$106,225
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$404
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$1,200
Gross rents (Real / Personal)$1,200 / $0
Less: rental expenses (Real / Personal)$0 / $0
Rental income or (loss) (Real / Personal)$1,200 / $0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$3,884
Statement of Functional Expenses (for 2011)
Total functional expenses$305,649
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$82,997
Payroll taxes$8,607
Professional fundraising services$0
Other$214,045
Balance Sheet (for 2011)
Total assets$904,147
Total liabilities$313,371
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$307,897
Unsecured notes and loans payable to unrelated third parties$0
Other$5,474
Total net assets or fund balances$590,776
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:Not provided
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