Wequaquet Lake Yacht Club in Centerville, Massachusetts (MA)
Table of contents:
| Wequaquet Lake Yacht Club | |
| Employer Identification Number (EIN) | 046112348 |
| Name of Organization | Wequaquet Lake Yacht Club |
| Address | PO BOX 399, Centerville, MA 02632-0399 |
| Activities | Other sports or athletic activities, Other recreational activities, Other social activities |
| Subsection | Pleasure, Recreational, or Social Club |
| Ruling Date | 02/1993 |
| Deductibility | Contributions are not deductible |
| Foundation | All organizations except 501(c)(3) |
| Organization | Association |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $25,000 to $99,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $70,268 |
| Amount of Income | $172,725 |
| Form 990 Revenue Amount | $172,725 |
| National Taxonomy of Exempt Entities (NTEE) | Recreation, Sports, Leisure, Athletics: Swimming, Water Recreation |
Non-representatives - add comments:
Amount of income in 2013: $172,725 (it was $134,458 in 2012)
| Wequaquet Lake Yacht Club: | $172,725 |
| Other organizations performing similar types of work: | $198,434 |
Assets in 2013: $70,268 (it was $30,895 in 2012)
| This organization: | $70,268 |
| Other organizations performing similar types of work: | $98,183 |
Expenses in 2013: $133,352
| Wequaquet Lake Yacht Club: | $133,352 |
| Other organizations performing similar types of work: | $175,793 |
Income to expenses ratio in 2013: 1.3
| Wequaquet Lake Yacht Club: | 1.3 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 0.0%
| This organization: | 0.0% |
| Other organizations performing similar types of work: | 14.2% |
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $132,716 | $134,458 | $172,725 |
| Contributions, gifts, grants, and similar amounts received | $0 | $0 | $0 |
| Program service revenue including government fees and contracts | $61,306 | $63,155 | $72,077 |
| Membership dues and assessments | $71,302 | $71,300 | $100,647 |
| Investment income | $108 | $3 | $1 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $143,015 | $148,593 | $133,352 |
| Total net assets | $45,032 | $30,895 | $70,268 |
| Excess/Deficit for the year | $-10,299 | $-14,135 | $39,373 |
| Net assets or fund balances at beginning of year | $55,331 | $45,032 | $30,895 |
| Other changes in net assets or fund balances | $0 | $-2 | $0 |
| Net assets or fund balances at end of year | $45,032 | $30,895 | $70,268 |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $45,032 | $30,895 | $70,268 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $45,032 | $30,895 | $70,268 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | No |
| Were any significant changes made to the organizing or governing documents? | No | No | No |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | No |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | No |
| Amount of political expenditures, direct or indirect | $0 | $0 | $0 |
| Did the organization file Form 1120-POL for this year? | No | No | No |
| 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? | No | No | No |
| Total amount involved | $0 | $0 | $0 |
| Initiation fees and capital contributions | $9,900 | $6,900 | $8,400 |
| 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? | No | No | No |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | No |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | Not provided |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Us Swimming Inc, Southern Ca Swimming Inc | 55 Hitchcock Way Ste 211, Santa Barbara, CA 93105-5110 | CA | 2006-03 | $3,953,880 |
| 2 | Nantucket Community Sailing Inc, Nantucket Island Community Sailing | PO BOX 2424, Nantucket, MA 02584-2424 | MA | 1995-09 | $2,031,515 |
| 3 | Stony Brook Yacht Club Inc | PO BOX 755, Stony Brook, NY 11790-0755 | NY | 1953-06 | $1,877,522 |
| 4 | Roanoke Valley Swimming Inc | PO BOX 4646, Roanoke, VA 24015-0646 | VA | 1988-04 | $1,822,202 |
| 5 | Community Boating Inc | 21 David G Mugar Way, Boston, MA 02114-3214 | MA | 1951-10 | $1,358,853 |
| 6 | Waukesha Express Swim Team Inc | PO BOX 1874, Waukesha, WI 53187-1874 | WI | 1981-02 | $1,131,659 |
| 7 | Saltaire Yacht Club Inc | 13o New Hyde Park Rd, Franklin Square, NY 11010 | NY | 1984-03 | $1,014,746 |
| 8 | Us Swimming Inc, Pacific Swimming | 4533 Tuolumne Way, Concord, CA 94521-4233 | CA | 2006-03 | $972,373 |
| 9 | Shawmut Aquatic Club Inc | 71 Hillside Dr, Wayland, MA 01778-3826 | MA | 1976-02 | $470,479 |
| 10 | Pleon Yacht Club Inc | 20 Highland Ter, Marblehead, MA 01945-2334 | MA | 1984-10 | $376,865 |
| 11 | Lincoln Maritime Center Inc | PO BOX 492, Hingham, MA 02043-0492 | MA | 1971-06 | $300,884 |
| 12 | Cohasset Sailing Club Inc | 152 King St Rt 3a, Cohasset, MA 02025 | MA | 1962-05 | $205,995 |
| 13 | Belmont Aquatic Team Inc, Glynn | PO BOX 294, Belmont, MA 02478-0007 | MA | 1981-05 | $197,542 |
| 14 | Wequaquet Lake Yacht Club | PO BOX 399, Centerville, MA 02632-0399 | MA | 1993-02 | $172,725 |
| 15 | Cohasset Swimming And Recreation Trust | 152 King St-Rt 3a, Cohasset, MA 02025 | MA | 1970-12 | $141,844 |
| 16 | Project Deep Inc | 127 Eastern Avenue, Gloucester, MA 01930-1802 | MA | 1981-12 | $101,465 |
| 17 | Wellesley Swimming Association Inc | 5 Bluebird Rd, Wellesley, MA 02481-3504 | MA | 1991-04 | $97,354 |
| 18 | C R A S H-B Sprints Inc | 60 State Street, Boston, MA 02109-1800 | MA | 1987-08 | $95,493 |
| 19 | Catboat Association Inc | 262 Forest St, Needham, MA 02492-1326 | MA | 1984-12 | $60,804 |
| 20 | Nobska Swim Club Inc | 242 Hatchville Rd, Hatchville, MA 02536-4026 | MA | 1976-06 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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