Salem Willows Yacht Club Inc in Beverly, Massachusetts (MA)
Table of contents:
| Salem Willows Yacht Club Inc | |
| Employer Identification Number (EIN) | 042260694 |
| Name of Organization | Salem Willows Yacht Club Inc |
| In Care of Name | Joseph Collins |
| Address | 22 Nelson Ave, Beverly, MA 01915-1157 |
| Subsection | Pleasure, Recreational, or Social Club |
| Ruling Date | 10/1980 |
| 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 | $87,701 |
| Amount of Income | $101,272 |
| Form 990 Revenue Amount | $96,998 |
Non-representatives - add comments:
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| Total revenue | $83,982 | $65,722 | $88,650 | $96,998 |
| Contributions, gifts, grants, and similar amounts received | $0 | $0 | $0 | $0 |
| Program service revenue including government fees and contracts | $0 | $1,462 | $4,242 | $5,737 |
| Membership dues and assessments | $83,827 | $62,563 | $84,034 | $89,479 |
| Investment income | $723 | $117 | $141 | $119 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $-568 | $1,580 | $233 | $1,663 |
| Gross sales of inventory, less returns and allowances | $5,308 | $3,615 | $3,169 | $5,937 |
| Less: cost of goods sold | $5,876 | $2,035 | $2,936 | $4,274 |
| Other revenue | $0 | $0 | $0 | $0 |
| Total expenses | $79,109 | $55,701 | $82,635 | $63,681 |
| Total net assets | $38,348 | $48,369 | $54,384 | $87,701 |
| Excess/Deficit for the year | $4,873 | $10,021 | $6,015 | $33,317 |
| Net assets or fund balances at beginning of year | $33,475 | $38,348 | $48,369 | $54,384 |
| Other changes in net assets or fund balances | $0 | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $54,384 | $87,701 | ||
| Balance Sheets | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| Total assets | $38,348 | $48,369 | $54,384 | $87,701 |
| Total liabilities | $0 | $0 | $0 | $0 |
| Net assets or fund balances | $38,348 | $48,369 | $54,384 | $87,701 |
| Other Information | ||||
| 2010 | 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 | 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 | No | ||
| Total amount involved | $0 | $0 | ||
| Initiation fees and capital contributions | $0 | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $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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| 1 | Salem Main Street Initiative- Downtown Program | 265 Essex Street, Salem, MA 01970-3419 | MA | 2003-02 | $70,467 |
| 2 | Salem Office Of Tourism & Cultural Affairs Inc, Destination Salem | 93 Washington St, Salem, MA 01970-3527 | MA | 1999-10 | $533,262 |
| 3 | Salem Pantry Inc | PO BOX 295, Salem, MA 01970-0395 | MA | 2009-01 | $27,775 |
| 4 | Salem Partnership Inc | 8 Central St, Salem, MA 01970-3703 | MA | 1990-12 | $117,430 |
| 5 | Salem Point Rental Prosperties Corp | 102 Lafayette St, Salem, MA 01970-3625 | MA | 1995-02 | $175,729 |
| 6 | Salem Protestant Ladies Assoc U/W Thomas F Odell | PO BOX 765, Manchester, MA 01944-0765 | MA | 1953-01 | $62,894 |
| 7 | Salem Rotary Club Vance M Smith Iii Scholarship Foundation Inc | C/O Christopher Casey71 Washington, Salem, MA 01970 | MA | 1993-08 | $308,822 |
| 8 | Salem Soccer Inc | 61 Butler St, Salem, MA 01970-1362 | MA | 1987-12 | $70,329 |
| 9 | Salem Sound 2000 Inc | 201 Washington St Suite 9, Salem, MA 01970-3688 | MA | 1997-04 | $295,140 |
| 10 | Salem Street Business Association Inc | 0 Governors Ave Ste 38, Medford, MA 02155-3035 | MA | 1989-07 | $23,209 |
| 11 | Salem Willows Yacht Club Inc | 22 Nelson Ave, Beverly, MA 01915-1157 | MA | 1980-10 | $101,272 |
| 12 | Salem Community Child Care Inc | PO BOX 8, Salem, MA 01970-0008 | MA | 1981-11 | $1,610,666 |
| 13 | Salesian Boys & Girls Club Inc | 150 Byron St, E Boston, MA 02128-1594 | MA | 1971-04 | $606,885 |
| 14 | Salisbury Beach Partnership Inc | 98 Elm St, Salisbury, MA 01952-1804 | MA | 2009-01 | $152,413 |
| 15 | Salisbury Community Tv And Media Center Inc | PO BOX 5005, Salisbury, MA 01952-0005 | MA | 2008-09 | $148,518 |
| 16 | Salisbury Historical Society Inc | Po Box 5131, Salisbury, MA 01952 | MA | 1998-02 | $1,144 |
| 17 | Salisbury Singers Inc | 370 Main St Ste 1200, Worcester, MA 01608-1724 | MA | 1978-02 | $63,737 |
| 18 | Salt Marsh Charitable Foundation Tr, Pfiefer Robert F Et Al Ttee | 2 Atlantic Avenue, Boston, MA 02110-3918 | MA | 2005-02 | $57,309 |
| 19 | Salt Pond Areas Bird Sanctuaries Inc | PO BOX 535, W Falmouth, MA 02574-0535 | MA | 1966-04 | $521,898 |
| 20 | Salters Point Improvement Association | 536 Hawthorn St, Dartmouth, MA 02747-3717 | MA | 1984-01 | $169,592 |
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