Inner Harbor Yacht Club Inc in Tonawanda, New York (NY)

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Inner Harbor Yacht Club Inc
Employer Identification Number (EIN)160902451
Name of OrganizationInner Harbor Yacht Club Inc
Address50 Fillmore Ave, Tonawanda, NY 14150-2336
ActivitiesHobby club, Testing products for public safety, Other recreational activities
SubsectionPleasure, Recreational, or Social Club
Ruling Date06/1965
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period02/2014
Assets$100,000 to $499,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$255,852
Amount of Income$143,411
Form 990 Revenue Amount$49,393


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Financial snapshot ($)

Revenue for 2014

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201220132014
Total revenue$75,205$78,085$49,393
Contributions, gifts, grants, and similar amounts received$0$5,001$2,330
Program service revenue including government fees and contracts$16,639$10,057$8,716
Membership dues and assessments$26,404$30,884$30,629
Investment income$12$5$4
Gain/Loss from sale of assets other than inventory$0$0$0
Net income/loss from gaming and fundraising events$1,605$1,695$1,541
Gross income from gaming$0$0$0
Gross income from fundraising events$3,960$1,763$1,594
Less: direct expenses from gaming and fundraising events$2,355$68$53
Gross profit/loss from sales of inventory$29,910$29,863$5,693
Gross sales of inventory, less returns and allowances$96,378$109,760$99,658
Less: cost of goods sold$66,468$79,897$93,965
Other revenue$635$580$480
Total expenses$55,902$48,164$52,017
Total net assets$225,987$255,908$253,284
Excess/Deficit for the year$19,303$29,921$-2,624
Net assets or fund balances at beginning of year$206,684$225,987$255,908
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$255,908$253,284
Balance Sheets
201220132014
Total assets$228,134$258,524$255,852
Total liabilities$2,147$2,616$2,568
Net assets or fund balances$225,987$255,908$253,284
Other Information
201220132014
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?NoNo
Total amount involved$0$0
Initiation fees and capital contributions$1,750$1,794$2,991
Gross receipts for public use of club facilities$0$0$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
Reason for Public Charity Status (for 2014)
The organization is not a private foundation because it is:Not provided
Number of organizations supported0
Sum of amounts of support$0
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