NEW YORK YACHT CLUB FOUNDATION Charity Report

Public IRS 990 nonprofit record

NEW YORK YACHT CLUB FOUNDATION

EIN 20-8288446 · Community Improvement & Capacity Building (S990)

What they do

MAINTAIN, RESTORE & PRESERVE THE EXTERIOR of THE HISTORICALLY SIGNIFICANT BUILDINGS

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $89.50 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders22 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

91.78%of revenue went to mission work89.5% of expenses · Program services

5.59%of revenue went to fundraising5.5% of expenses

$102.56spent for every $100 of revenueSpending was higher than revenue this year.

5.19%of revenue went to management and office costs5.1% of expenses

$3.00in assets for every $1 spent this yearSome assets cannot be spent right away.

91.5%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $87,048 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $79,857 for ANDREW ROSE (EXECUTIVE DIRECTOR). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$3,397,813

Mission workProgram services$3,118,58891.78% of revenue89.5% of expenses

ManagementOffice and general costs$176,1995.19% of revenue5.1% of expenses

FundraisingAsking for donations$190,0745.59% of revenue5.5% of expenses

Total expenses$3,484,861102.56% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 89.5% mission · 5.1% management · 5.5% fundraisingTotal expenses: 102.56% of revenue

2023Expense mix: 76.6% mission · 12.4% management · 10.9% fundraisingTotal expenses: 36.22% of revenue

2022Expense mix: 75.6% mission · 11.9% management · 12.4% fundraisingTotal expenses: 77.17% of revenue

2021Expense mix: 72.6% mission · 15.6% management · 11.8% fundraisingTotal expenses: 43.03% of revenue

2020Expense mix: 75.8% mission · 15.3% management · 8.9% fundraisingTotal expenses: 38.47% of revenue

2019Expense mix: 57.7% mission · 42.0% management · 0.3% fundraisingTotal expenses: 165.07% of revenue

2018Expense mix: 88.7% mission · 10.8% management · 0.5% fundraisingTotal expenses: 103.76% of revenue

Money in and money out

Revenue$3,397,813

Expenses$3,484,861

Annual shortfall $87,048 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$3,118,588 · 89.5% of expenses

Management and office costs$176,199 · 5.1% of expenses

Fundraising$190,074 · 5.5% of expenses

See all reported dollar amounts

Revenue$3,397,813

Expenses$3,484,861

Assets$10,470,059

Income$5,277,658

Contributions$3,110,635

Mission work (program services)$3,118,588

Fundraising$190,074

Management and general$176,199

Accounting fees$7,800

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

ANDREW ROSEEXECUTIVE DIRECTOR · 40 hrs/week $79,857

BEATRICE B WADSONFORMER EXECUTIVE DIRECTOR · 40 hrs/week $48,592

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (22)

ANDREW ROSEEXECUTIVE DIRECTOR

BEATRICE B WADSONFORMER EXECUTIVE DIRECTOR

RALPH HEYWARD ISHAMDIRECTOR

AMY H IRONMONGERDIRECTOR

PAUL M ZABETAKIS MDDIRECTOR

MICHAEL F JOHNSTONDIRECTOR

MARK MASHBURNDIRECTOR

MARIE KLOK CRUMPVICE PRESIDENT

LAURETTA J BRUNODIRECTOR

JOSEPH F HUBERVICE PRESIDENT

HARRY T REINPRESIDENT AND CHAIR

GARY A JOBSONDIRECTOR

DOUGLAS NEWHOUSEDIRECTOR

DONALD J STEINERDIRECTOR

DAVID K ELWELL JRDIRECTOR

DAVID GUERNSEY JRTREASURER

COMM PHILIP LOTZDIRECTOR

CHRISTOPHER L OTOROWSKISECRETARY

CHARLES H TOWNSENDDIRECTOR

CHARLES F WILLIS IVDIRECTOR

CAROL OMALLEYDIRECTOR

ART J SANTRY IIIDIRECTOR

About this charity

Recognized since: January 2007
Location: 37 W 44TH ST, NEW YORK, NY 10036-6613
County: New York
In care of: % NEW YORK YACHT CLUB
Primary officer: HARRY T REIN, TREASURER

How to reach them

WebsiteVisit the charity’s website Phone(212) 382-1000

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: CONDON OMEARA MCGINTY & DONNELLY LLP
NTEE classification: Community Improvement & Capacity Building (S990)
IRS tax category: All Other Amusement and Recreation Industries