Charlesgate Yacht Club in Cambridge, Massachusetts (MA)
Table of contents:
| Charlesgate Yacht Club | |
| Employer Identification Number (EIN) | 046016189 |
| Name of Organization | Charlesgate Yacht Club |
| Address | 20 Cambridge Pkwy, Cambridge, MA 02142-1220 |
| Activities | Hobby club, Other recreational activities |
| Subsection | Pleasure, Recreational, or Social Club |
| Ruling Date | 07/1991 |
| Deductibility | Contributions are not deductible |
| Foundation | All organizations except 501(c)(3) |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 11/2013 |
| Assets | $25,000 to $99,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $49,108 |
| Amount of Income | $108,951 |
| Form 990 Revenue Amount | $91,789 |
Non-representatives - add comments:
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $111,075 | $103,718 | $91,789 |
| Contributions, gifts, grants, and similar amounts received | $0 | $0 | $636 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $98,930 | $94,100 |
| Investment income | $0 | $82 | $32 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $3,663 | $-2,227 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $0 | $16,052 | $14,050 |
| Less: direct expenses from gaming and fundraising events | $0 | $12,389 | $16,277 |
| Gross profit/loss from sales of inventory | $111,075 | $-33 | $-752 |
| Gross sales of inventory, less returns and allowances | $111,717 | $1,262 | $133 |
| Less: cost of goods sold | $642 | $1,295 | $885 |
| Other revenue | $0 | $1,076 | $0 |
| Total expenses | $87,203 | $73,069 | $95,281 |
| Total net assets | $75,909 | $37,700 | $34,208 |
| Excess/Deficit for the year | $23,872 | $30,649 | $-3,492 |
| Net assets or fund balances at beginning of year | $52,037 | $-7,491 | $37,700 |
| Other changes in net assets or fund balances | $0 | $14,542 | $0 |
| Net assets or fund balances at end of year | $121,100 | $34,208 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $75,909 | $121,100 | $49,108 |
| Total liabilities | $0 | $83,400 | $14,900 |
| Net assets or fund balances | $75,909 | $37,700 | $34,208 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | 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 | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | 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 | Yes | |
| Total amount involved | $0 | $14,900 | |
| Initiation fees and capital contributions | $0 | $10,150 | $10,500 |
| 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 | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | 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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| Other organizations in Massachusetts | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Charles River Watershed Association Inc | 190 Park Rd, Weston, MA 02493-2256 | MA | 1992-03 | $1,356,918 |
| 2 | Charles River Wheelmen | 26 Fox Run Rd, Bedford, MA 01730-1104 | MA | 2005-04 | $62,623 |
| 3 | Charles Robert Gens Foundation | Co Luccitelli And Co 404 Main St, Wilmington, MA 01887 | MA | 1957-04 | $30,790 |
| 4 | Charles S & Carmen De Mora Hale Foundation | 220 Boylston St Apt 1020, Boston, MA 02116-3949 | MA | 1994-06 | $220,608,648 |
| 5 | Charles Sanders Trust Uw | 50 Congress St, Boston, MA 02109-4002 | MA | 1977-10 | $823,035 |
| 6 | Charles Sardo Memorial Foundation | 10 Dorrance St, Boston, MA 02129-1027 | MA | 2005-03 | $1 |
| 7 | Charles Schlueter Foundation Inc | 578 Winthrop St, Medford, MA 02155-1543 | MA | 2001-05 | $5,955 |
| 8 | Charles W White Fund, Ives Peter B Ttee | 15 Dryads Grn, Northampton, MA 01060-2943 | MA | 2015-01 | $5,501 |
| 9 | Charles Wentz Carter Memorial | 815 High St, Dedham, MA 02026-4113 | MA | 1965-01 | $73,239 |
| 10 | Charlesbank Homes | 105 Chestnut St Ste 32, Needham, MA 02492-2520 | MA | 1938-04 | $18,262,798 |
| 11 | Charlesgate Yacht Club | 20 Cambridge Pkwy, Cambridge, MA 02142-1220 | MA | 1991-07 | $108,951 |
| 12 | Charlestown Against Drugs Inc, Chad | 40 Warren St 3rd Floor, Charlestown, MA 02129-3608 | MA | 1993-04 | $262,021 |
| 13 | Charlestown Cooperative Nurseryschool Inc | 124 Main St, Charlestown, MA 02129-3509 | MA | 2007-08 | $881,954 |
| 14 | Charlestown Economic Development Corp | 20 Devens Street, Charlestown, MA 02129-3725 | MA | 1976-08 | $822,735 |
| 15 | Charlestown Lacrosse Inc | PO BOX 290537, Charlestown, MA 02129-0209 | MA | 2000-02 | $94,418 |
| 16 | Charlestown Mothers Association Inc | 10 Cedar St, Charlestown, MA 02129-2502 | MA | 2000-09 | $50,186 |
| 17 | Charlestown Preservation Society Inc | Po Box 290201, Charlestown, MA 02129 | MA | 2014-06 | $16,079 |
| 18 | Charlestown Recovery House Inc | 400 Blue Hill Dr Ste 2c, Westwood, MA 02090-2161 | MA | 2006-10 | $172,639 |
| 19 | Charlestown Working Theater Inc | 442 Bunker Hill St, Charlestown, MA 02129-1718 | MA | 1978-09 | $121,438 |
| 20 | Charlestown Youth Hockey Association Inc | 6 Hill St, Charlestown, MA 02129-1914 | MA | 1994-02 | $198,768 |
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