Seafarers Yacht Club Inc in Annapolis, Maryland (MD)

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Seafarers Yacht Club Inc
Employer Identification Number (EIN)520799741
Name of OrganizationSeafarers Yacht Club Inc
Address301 Chester Ave, Annapolis, MD 21403-3202
ActivitiesHobby club
SubsectionPleasure, Recreational, or Social Club
Ruling Date12/1996
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$1 to $9,999
Income$25,000 to $99,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$4,351
Amount of Income$73,172
Form 990 Revenue Amount$73,172


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Financial snapshot ($)

Revenue for 2013

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$42,149$57,015$73,172
Contributions, gifts, grants, and similar amounts received$2,000$500$2,750
Program service revenue including government fees and contracts$0$0$0
Membership dues and assessments$35,287$34,227$27,805
Investment income$0$0$0
Gain/Loss from sale of assets other than inventory$0$0$0
Net income/loss from gaming and fundraising events$1,459$18,700$0
Gross profit/loss from sales of inventory$0$0$0
Other revenue$3,403$3,588$42,617
Total expenses$42,611$54,185$68,866
Total net assets$0$2,229$4,351
Excess/Deficit for the year$-462$2,830$4,306
Net assets or fund balances at beginning of year$1,063$0$45
Other changes in net assets or fund balances$-601$-601$0
Net assets or fund balances at end of year$4,351
Balance Sheets
201120122013
Total assets$1$2,229$4,351
Total liabilities$0$0$0
Net assets or fund balances$0$2,229$4,351
Other Information
201120122013
Did the organization engage in any significant activity not previously reported to the IRS?No
Were any significant changes made to the organizing or governing documents?No
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?No
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?No
Amount of political expenditures, direct or indirect$0
Did the organization file Form 1120-POL for this year?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
Total amount involved$0
Initiation fees and capital contributions$0$0$0
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
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Reason for Public Charity Status (for 2013)
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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