EIN 87-1342254

Hyannis Yacht Club Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
Year formed
2021
Most recent tax filings
2023-12-01
Description
To promote, develop, maintain and oversee a sailing and swim school; to engage in the promotion and development of sailing and swimming activities; and to develop and engage in instructional and educational activity and programs related to sailing and swimming in the town of Hyannis, Massachusetts and surrounding communities.
Related structure
Hyannis Yacht Club Foundation is a subordinate organization under Hyannis Yacht Club.
Total revenues
$395,525
2023
Total expenses
$333,134
2023
Total assets
$96,449
2023
Num. employees
0
2023

Program areas at Hyannis Yacht Club Foundation

During 2023, the Foundation raised $285,106 in tuition and fees for the sailing/swim program held at the Hyannis Yacht Club. The program provided sailing and swimming activities to 254 participants.
During 2023, the Foundation provided scholarships to 5 students for the sailing/swim program held at the Hyannis Yacht Club.

Grants made by Hyannis Yacht Club Foundation

GranteeGrant descriptionAmount
Hyannis Yacht ClubTo Operate and Administer the Sail/swim Program.$299,176

Who funds Hyannis Yacht Club Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
John and Sonia Lingos Family FoundationCommunity Enrichment$5,000
The Spillane Charitable FoundationTo Fund Continuing Educational Purposes$2,000

Personnel at Hyannis Yacht Club Foundation

NameTitle
Randall W WallinPresident

Financials for Hyannis Yacht Club Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$106,284
Program services$291,889
Investment income and dividends$6
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$-2,654
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$395,525
Data update history
December 1, 2024
Posted financials
Added Form 990N for fiscal year 2022
December 1, 2024
Updated personnel
Identified 1 new personnel
September 21, 2024
Received grants
Identified 1 new grant, including a grant for $2,000 from The Spillane Charitable Foundation
Nonprofit Types
Civic / social organizationsRecreational clubsSchoolsChapter / child organizationsCharities
Issues
Human servicesSports
Characteristics
Provides grantsFundraising eventsState / local levelProvides scholarshipsFundraising races, competitions, and tournamentsTax deductible donationsNo full-time employees
General information
Address
490 Ocean St
Hyannis, MA 02601
Metro area
Barnstable Town, MA
County
Barnstable County, MA
Phone
(508) 775-9331
IRS details
EIN
87-1342254
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2021
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
N50: Recreational, Pleasure, or Social Club
NAICS code, primary
813410: Civic and Social Organizations
Parent/child status
Subordinate organization
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