Wissinoming Yacht Club in Philadelphia, Pennsylvania (PA)

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Wissinoming Yacht Club
Employer Identification Number (EIN)231227614
Name of OrganizationWissinoming Yacht Club
AddressDelaware Ave And Devereaux St, Philadelphia, PA 19135
ActivitiesOther recreational activities, Other social activities
SubsectionPleasure, Recreational, or Social Club
Ruling Date07/1945
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$25,000 to $99,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$81,436
Amount of Income$179,793
Form 990 Revenue Amount$71,190

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Financial snapshot ($)

Revenue for 2013

Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue$102,687$71,190
Contributions, gifts, grants, and similar amounts received$0$0
Program service revenue including government fees and contracts$0$0
Membership dues and assessments$20,343$15,442
Investment income$100$100
Gain/Loss from sale of assets other than inventory$0$0
Net income/loss from gaming and fundraising events$0$0$0
Gross profit/loss from sales of inventory$77,428$52,041
Gross sales of inventory, less returns and allowances$174,557$160,644
Less: cost of goods sold$97,129$108,603
Other revenue$4,816$3,607
Total expenses$90,327$80,139
Total net assets$85,771$81,436
Excess/Deficit for the year$12,360$-8,949
Net assets or fund balances at beginning of year$73,411$90,385
Other changes in net assets or fund balances$0$0
Net assets or fund balances at end of year$90,419
Balance Sheets
Total assets$85,771$109,626$81,436
Total liabilities$0$0$0
Net assets or fund balances$85,771$81,436
Other Information
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 activitiesNoNo
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?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
Gross receipts for public use of club facilities$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?NoNo
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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