Boothbay Harbor Yacht Club

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 010032215 ✦ Boothbay harbor, ME ✦ Designated as a 501(c)(7)

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Overview

What is Boothbay Harbor Yacht Club?

The Boothbay Harbor Yacht Club, located at 156 WESTERN AVE, BOOTHBAY HARBOR, ME, 04538, is a seasonal nonprofit organization dedicated to fostering various yachting activities in the Boothbay Harbor region of Maine. Its operations encompass a waterfront facility that caters to yacht enthusiasts, offering dining options for lunch and dinner, moorings, launch services, boat races, cruises, and yachting regattas. With approximately 300 participants, the club plays a vital role in promoting and encouraging yachting experiences within the community. Its mission is to inspire and support yachting in the Boothbay Harbor region, serving a total of 43 employees.


Official website here: www.bhyc.net

Is Boothbay Harbor Yacht Club legitimate?

Boothbay Harbor Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Boothbay Harbor Yacht Club submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $499,769

For more financial information, click here


Official website here: www.bhyc.net

What is the mission statement of Boothbay Harbor Yacht Club?

The Boothbay Harbor Yacht Club's mission is centered around promoting various aspects of yachting. It encourages this pursuit within its specific region, aiming to foster a vibrant yachting community. The club operates a seasonal waterfront facility to facilitate this mission. Their services encompass dining options, moorings, launch services, boat races, cruises, and yachting regattas. The club attracts approximately 300 participants who share a passion for yachting.


Official website here: www.bhyc.net

Who is the CEO of Boothbay Harbor Yacht Club?

Kathleen Chapman is the General Mana of Boothbay Harbor Yacht Club.


Official website here: www.bhyc.net

What is the revenue of Boothbay Harbor Yacht Club?

Boothbay Harbor Yacht Club's revenue in 2022 was $1,117,959.


Official website here: www.bhyc.net

Who are the executives of Boothbay Harbor Yacht Club and what are their salaries?

The average compensation at Boothbay Harbor Yacht Club during 2022 was $11,623. There are 43 employees and 60 volunteers at Boothbay Harbor Yacht Club.


Here are 14 key members and their salaries:


Hristo Ivanov (General Mana)
  • Compensation: $103,200
  • Related: $0
  • Other: $0
Kathleen Chapman (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charlie Cochrane (Vice Commodo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jason Denby (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jon Dunsford (Rear Commodo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sandy Hakanson (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ella Long (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Long (Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Will Rosenbaum (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sharma Schacknow (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Greg Shea (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jonathan Tindal (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Don Tomlin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sandy Wheeler (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.bhyc.net

Where can I find the form 990 for Boothbay Harbor Yacht Club?

Boothbay Harbor Yacht Club's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.bhyc.net

Learn more at the official website: www.bhyc.net

Mission Statement of Boothbay Harbor Yacht Club

The Boothbay Harbor Yacht Club is dedicated to fostering various aspects of yachting within its region. Its primary mission is to encourage yachting activities, promoting an engaging and stimulating environment for enthusiasts in the Boothbay Harbor region of Maine. The club fulfills this mission by operating a seasonal waterfront facility, providing a range of services that cater to yachting enthusiasts. These services include dining options, such as lunch and dinner, as well as moorings, launch services, boat races, cruises, and yachting regattas. By offering these services, the Boothbay Harbor Yacht Club attracts approximately 300 participants who share a passion for yachting, creating a vibrant and engaged community.

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Impact




October, 2024

Boothbay Harbor Yacht Club plays a significant role in promoting yachting and marine activities within the Boothbay Harbor region of Maine. By operating a waterfront facility, it fosters a vibrant community centered around water-based recreation, attracting approximately 300 participants each season.

The club provides essential services such as moorings, launch services, and dining options, creating a welcoming environment for both seasoned sailors and newcomers. Its organization of boat races, cruises, and yachting regattas not only enhances the local yachting culture but also serves to stimulate the local economy through increased tourism and community engagement.

By encouraging all aspects of yachting, the club contributes to a strong sense of camaraderie among maritime enthusiasts, while also promoting environmental stewardship through responsible boating practices. Overall, Boothbay Harbor Yacht Club significantly enriches the recreational landscape of Boothbay Harbor, solidifying its reputation as a prime destination for yachting in Maine.




This information is meant to be a general summary of Boothbay Harbor Yacht Club. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$1,117,959 (2022)
Expenses
$1,083,079 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $991,663
  • Gross Receipts: $1,352,676

Assets and Liabilities:

  • Total Assets: $2,743,334
  • Total Liabilities: $452,284
  • Net Assets: $2,291,050

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

FAMILY DUES

Revenue

$458,910

PROGRAM FEES NON MBR

Revenue

$113,730

INDIVIDUAL DUES

Revenue

$99,312

MOORING RENT SEASON

Revenue

$75,150

INITIATION FEES

Revenue

$58,000

Organization Details

Founding Year

1907

Principal Officer

Kathleen Chapman

Main Address

156 WESTERN AVE, BOOTHBAY HARBOR, ME, 04538

NTEE Category

Code: N03 - Recreation

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