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Employer Identification Number 05-0496668

SAKONNET POINT CLUB INC is a USA domiciled entity or foreign entity operating in the USA. The EIN ihas been issued by the IRS

Company Name:SAKONNET POINT CLUB INC
Employer identification number (EIN):05-0496668
EIN Issuing AuthorityBrookhaven, NY
Federal tax statusExempt from federal income tax. Registered as a non-profit under 501(c)(3) Title 26 of the United States Code

Organization Overview

Mission StatementFOUNDED IN 1998 TO REVITALIZE A HISTORIC HARBOR PROPERTY AND TO PRESERVE ITS STORIED HERITAGE, THE SAKONNET POINT CLUB'S MISSION IS TO PROVIDE MEMBERS AND THEIR GUESTS ACCESS TO SAKONNET WATERS, AS WELL AS OFFER QUALITY, COMPLEMENTARY ACTIVITIES SUCH AS BOATING, SWIMMING, EXERCISING, DINING AND SOCIALIZING IN A SETTING OF UNMATCHED HARBOR AND OCEAN VIEWS. THE CLUB IS FULLY COMMITTED TO MAINTAINING A RELAXED, FAMILY FOCUSED AND WELCOMING ATMOSPHERE, AND MANAGING ITS FINANCIAL AFFAIRS IN A RESPONSIBLE MANNER.
Number of Employees92
Number of Volunteers0
Year Formed1998

Organization Governance

Legal DomicileRI
Voting Members - Governing Body13
Voting Members - Independent13

Organization Financials

2022-12-31
Total unrelated business incomeUSD $ 1,223
Net unrelated business incomeUSD $ 577
Program Service Revenue from prior yearUSD $ 1,745,050
Program Service Revenue from current yearUSD $ 1,765,753
Investment Income from prior yearUSD $ 8,865
Investment Income from current yearUSD $ 1,357
Other Revenue from prior yearUSD $ -176,072
Other Revenue from current yearUSD $ -217,773
Gross receipts from all sourcesUSD $ 2,965,018
Net assets / fund balances at end of fiscal yearUSD $ 839,537
Net assets / fund balances at beginning of fiscal yearUSD $ 1,919,100
Total liabilities at end of fiscal yearUSD $ 7,749,263
Total liabilities at beginning of fiscal yearUSD $ 6,509,840
Total assets at end of fiscal yearUSD $ 8,588,800
Total assets at beginning of fiscal yearUSD $ 8,428,940
Revenues less expenses for current yearUSD $ 160,915
Revenues less expenses for previous yearUSD $ 445,916
Total expenses for current yearUSD $ 1,388,422
Total expenses for previous yearUSD $ 1,322,166
Other expenses in current yearUSD $ 995,639
Other expenses in previous yearUSD $ 970,110
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 392,783
Employee salary and benefits paid in previous yearUSD $ 352,056
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 1,549,337
Total revenue in previous fiscal yearUSD $ 1,768,082
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 190,239
Cost of goods soldUSD $ 1,415,681
Gross sales of inventory assetsUSD $ 1,197,908
2021-12-31
Total unrelated business incomeUSD $ 15,757
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 1,483,472
Program Service Revenue from current yearUSD $ 1,745,050
Investment Income from prior yearUSD $ 852
Investment Income from current yearUSD $ 8,865
Other Revenue from prior yearUSD $ -282,182
Other Revenue from current yearUSD $ -176,072
Gross receipts from all sourcesUSD $ 3,045,974
Net assets / fund balances at end of fiscal yearUSD $ 1,919,100
Net assets / fund balances at beginning of fiscal yearUSD $ 1,473,184
Total liabilities at end of fiscal yearUSD $ 6,509,840
Total liabilities at beginning of fiscal yearUSD $ 6,144,074
Total assets at end of fiscal yearUSD $ 8,428,940
Total assets at beginning of fiscal yearUSD $ 7,617,258
Revenues less expenses for current yearUSD $ 445,916
Revenues less expenses for previous yearUSD $ 3,648
Total expenses for current yearUSD $ 1,322,166
Total expenses for previous yearUSD $ 1,278,840
Other expenses in current yearUSD $ 970,110
Other expenses in previous yearUSD $ 932,576
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 352,056
Employee salary and benefits paid in previous yearUSD $ 346,264
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 1,768,082
Total revenue in previous fiscal yearUSD $ 1,282,488
Contributions and grants from current yearUSD $ 190,239
Contributions and grants from previous yearUSD $ 80,346
Cost of goods soldUSD $ 1,277,892
Gross sales of inventory assetsUSD $ 1,101,632
Total of other revenueUSD $ 188
2020-12-31
Total unrelated business incomeUSD $ 3,172
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 1,527,898
Program Service Revenue from current yearUSD $ 1,483,472
Investment Income from prior yearUSD $ 948
Investment Income from current yearUSD $ 852
Other Revenue from prior yearUSD $ -238,171
Other Revenue from current yearUSD $ -282,182
Gross receipts from all sourcesUSD $ 2,479,689
Net assets / fund balances at end of fiscal yearUSD $ 1,473,184
Net assets / fund balances at beginning of fiscal yearUSD $ 1,469,536
Total liabilities at end of fiscal yearUSD $ 6,144,074
Total liabilities at beginning of fiscal yearUSD $ 5,442,325
Total assets at end of fiscal yearUSD $ 7,617,258
Total assets at beginning of fiscal yearUSD $ 6,911,861
Revenues less expenses for current yearUSD $ 3,648
Revenues less expenses for previous yearUSD $ 31,067
Total expenses for current yearUSD $ 1,278,840
Total expenses for previous yearUSD $ 1,259,608
Other expenses in current yearUSD $ 932,576
Other expenses in previous yearUSD $ 927,561
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 346,264
Employee salary and benefits paid in previous yearUSD $ 332,047
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 1,282,488
Total revenue in previous fiscal yearUSD $ 1,290,675
Contributions and grants from current yearUSD $ 80,346
Contributions and grants from previous yearUSD $ 0
Cost of goods soldUSD $ 1,197,201
Gross sales of inventory assetsUSD $ 915,019
2019-12-31
Total unrelated business incomeUSD $ 14,750
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 1,496,137
Program Service Revenue from current yearUSD $ 1,527,898
Investment Income from prior yearUSD $ 687
Investment Income from current yearUSD $ 948
Other Revenue from prior yearUSD $ -86,959
Other Revenue from current yearUSD $ -238,171
Gross receipts from all sourcesUSD $ 2,564,816
Net assets / fund balances at end of fiscal yearUSD $ 1,469,536
Net assets / fund balances at beginning of fiscal yearUSD $ 2,010,752
Total liabilities at end of fiscal yearUSD $ 5,442,325
Total liabilities at beginning of fiscal yearUSD $ 4,899,226
Total assets at end of fiscal yearUSD $ 6,911,861
Total assets at beginning of fiscal yearUSD $ 6,909,978
Revenues less expenses for current yearUSD $ 31,067
Revenues less expenses for previous yearUSD $ 191,986
Total expenses for current yearUSD $ 1,259,608
Total expenses for previous yearUSD $ 1,217,879
Other expenses in current yearUSD $ 927,561
Other expenses in previous yearUSD $ 905,336
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 332,047
Employee salary and benefits paid in previous yearUSD $ 312,543
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 1,290,675
Total revenue in previous fiscal yearUSD $ 1,409,865
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Cost of goods soldUSD $ 1,274,141
Gross sales of inventory assetsUSD $ 1,024,993
Total of other revenueUSD $ 10,977
2018-12-31
Total unrelated business incomeUSD $ 18,844
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 1,342,075
Program Service Revenue from current yearUSD $ 1,496,137
Investment Income from prior yearUSD $ 80
Investment Income from current yearUSD $ 687
Other Revenue from prior yearUSD $ -167,375
Other Revenue from current yearUSD $ -86,959
Gross receipts from all sourcesUSD $ 2,513,087
Net assets / fund balances at end of fiscal yearUSD $ 2,010,752
Net assets / fund balances at beginning of fiscal yearUSD $ 1,818,766
Total liabilities at end of fiscal yearUSD $ 4,899,226
Total liabilities at beginning of fiscal yearUSD $ 5,182,033
Total assets at end of fiscal yearUSD $ 6,909,978
Total assets at beginning of fiscal yearUSD $ 7,000,799
Revenues less expenses for current yearUSD $ 191,986
Revenues less expenses for previous yearUSD $ 33,735
Total expenses for current yearUSD $ 1,217,879
Total expenses for previous yearUSD $ 1,141,045
Other expenses in current yearUSD $ 905,336
Other expenses in previous yearUSD $ 864,534
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 312,543
Employee salary and benefits paid in previous yearUSD $ 276,511
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 1,409,865
Total revenue in previous fiscal yearUSD $ 1,174,780
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Cost of goods soldUSD $ 1,103,222
Gross sales of inventory assetsUSD $ 1,010,543
Total of other revenueUSD $ 5,720
2017-12-31
Total unrelated business incomeUSD $ 4,224
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 1,344,408
Program Service Revenue from current yearUSD $ 1,342,075
Investment Income from prior yearUSD $ 64
Investment Income from current yearUSD $ 80
Other Revenue from prior yearUSD $ -152,110
Other Revenue from current yearUSD $ -167,375
Gross receipts from all sourcesUSD $ 2,289,706
Net assets / fund balances at end of fiscal yearUSD $ 1,818,766
Net assets / fund balances at beginning of fiscal yearUSD $ 1,785,031
Total liabilities at end of fiscal yearUSD $ 5,182,033
Total liabilities at beginning of fiscal yearUSD $ 5,303,920
Total assets at end of fiscal yearUSD $ 7,000,799
Total assets at beginning of fiscal yearUSD $ 7,088,951
Revenues less expenses for current yearUSD $ 33,735
Revenues less expenses for previous yearUSD $ 57,797
Total expenses for current yearUSD $ 1,141,045
Total expenses for previous yearUSD $ 1,134,565
Other expenses in current yearUSD $ 864,534
Other expenses in previous yearUSD $ 907,846
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 276,511
Employee salary and benefits paid in previous yearUSD $ 226,719
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 1,174,780
Total revenue in previous fiscal yearUSD $ 1,192,362
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Cost of goods soldUSD $ 1,114,926
Gross sales of inventory assetsUSD $ 947,551
2016-12-31
Total unrelated business incomeUSD $ -613
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 1,572,275
Program Service Revenue from current yearUSD $ 1,344,408
Investment Income from prior yearUSD $ 327
Investment Income from current yearUSD $ 64
Other Revenue from prior yearUSD $ -285,109
Other Revenue from current yearUSD $ -152,110
Gross receipts from all sourcesUSD $ 2,196,865
Net assets / fund balances at end of fiscal yearUSD $ 1,785,031
Net assets / fund balances at beginning of fiscal yearUSD $ 1,727,234
Total liabilities at end of fiscal yearUSD $ 5,303,920
Total liabilities at beginning of fiscal yearUSD $ 5,556,923
Total assets at end of fiscal yearUSD $ 7,088,951
Total assets at beginning of fiscal yearUSD $ 7,284,157
Revenues less expenses for current yearUSD $ 57,797
Revenues less expenses for previous yearUSD $ 197,860
Total expenses for current yearUSD $ 1,134,565
Total expenses for previous yearUSD $ 1,089,633
Other expenses in current yearUSD $ 907,846
Other expenses in previous yearUSD $ 849,951
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 226,719
Employee salary and benefits paid in previous yearUSD $ 239,682
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 1,192,362
Total revenue in previous fiscal yearUSD $ 1,287,493
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Cost of goods soldUSD $ 1,004,503
Gross sales of inventory assetsUSD $ 847,393
Total of other revenueUSD $ 5,000
2015-12-31
Total unrelated business incomeUSD $ -11,262
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 1,398,558
Program Service Revenue from current yearUSD $ 1,572,275
Investment Income from prior yearUSD $ 348
Investment Income from current yearUSD $ 327
Other Revenue from prior yearUSD $ -109,469
Other Revenue from current yearUSD $ -285,109
Gross receipts from all sourcesUSD $ 2,184,602
Net assets / fund balances at end of fiscal yearUSD $ 1,727,234
Net assets / fund balances at beginning of fiscal yearUSD $ 1,529,374
Total liabilities at end of fiscal yearUSD $ 5,556,923
Total liabilities at beginning of fiscal yearUSD $ 5,938,039
Total assets at end of fiscal yearUSD $ 7,284,157
Total assets at beginning of fiscal yearUSD $ 7,467,413
Revenues less expenses for current yearUSD $ 197,860
Revenues less expenses for previous yearUSD $ 270,749
Total expenses for current yearUSD $ 1,089,633
Total expenses for previous yearUSD $ 1,038,688
Other expenses in current yearUSD $ 849,951
Other expenses in previous yearUSD $ 834,833
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 239,682
Employee salary and benefits paid in previous yearUSD $ 203,855
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 1,287,493
Total revenue in previous fiscal yearUSD $ 1,309,437
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 20,000
Cost of goods soldUSD $ 897,109
Gross sales of inventory assetsUSD $ 611,613
Total of other revenueUSD $ 387

Other Company Names associated with EIN

SAKONNET POINT CLUB

Organization Addresses

The following addresses have been detected as associated with Tax Indentification Number 050496668

USA Mailing Address
PO BOX 299
LITTLE COMPTON
RI
02837
Date first seen: 2008-09-01
Date last seen: 2023-12-31

Nearby companies/organizations

The following companies are located in the same ZIP code areas:

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