Overview
What is Portland Yacht Club?
Portland Yacht Club, located at 40 Old Powerhouse Road, Falmouth Foreside, ME 04105, is a vibrant nonprofit organization that offers its members a wide range of boating experiences. The club's mission is to foster a strong, friendly community among its members, catering to various boating interests such as racing, cruising, and day trips on both large and small yachts. Members at different stages of life can socialize, engage in educational opportunities, develop skills, and forge friendships with fellow water enthusiasts. Portland Yacht Club values preserving its rich yachting legacy and history, while also investing in the education of both youth and adults. With a dedicated workforce of 55 individuals, the club ensures easy access to the water and upholds safety standards in the practice of yachting.
Official website here: www.portlandyachtclub.com
Is Portland Yacht Club legitimate?
Portland Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Portland 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: $477,158
For more financial information, click here
Official website here: www.portlandyachtclub.com
What is the mission statement of Portland Yacht Club?
The Portland Yacht Club's mission is centered around promoting enjoyment for its members by offering easy access to various boating interests. It preserves the rich legacy of yachting through stewardship and the preservation of its history. Moreover, the club is committed to educating both youth and adults about yachting. By doing so, it fosters a strong, friendly community where members can socialize, engage in educational opportunities, enhance their skills, and build friendships with others who share a love for the water.
Official website here: www.portlandyachtclub.com
Who is the CEO of Portland Yacht Club?
Scott Elliott is the Commodore of Portland Yacht Club.
Official website here: www.portlandyachtclub.com
What is the revenue of Portland Yacht Club?
Portland Yacht Club's revenue in 2022 was $1,302,327.
Official website here: www.portlandyachtclub.com
Who are the executives of Portland Yacht Club and what are their salaries?
The average compensation at Portland Yacht Club during 2022 was $8,676. There are 55 employees and 100 volunteers at Portland Yacht Club.
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Official website here: www.portlandyachtclub.com
Where can I find the form 990 for Portland Yacht Club?
Portland Yacht Club's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.portlandyachtclub.com
Learn more at the official website: www.portlandyachtclub.com
Mission Statement of Portland Yacht Club
Portland Yacht Club, a renowned organization, is dedicated to fostering enjoyment among its members by offering easy access to various boating interests. The club upholds the rich and proud legacy of yachting through stewardship and preservation of its history, as well as through educational programs for both youth and adults. By providing opportunities for racing, cruising, and day trips on both large and small yachts, Portland Yacht Club encourages a strong, friendly community among its members. Regardless of their stage in life, members can engage in social activities, participate in educational opportunities, build skills, and forge friendships with like-minded individuals who share a passion for the water.
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Impact
October, 2024
Portland Yacht Club enhances the community by fostering a vibrant boating culture that embraces a wide range of interests, including racing, cruising, and day trips. By providing easy access to the water, it creates opportunities for members to engage in recreational activities, all while building lasting friendships and connections. The club plays a pivotal role in preserving the rich legacy of yachting, ensuring that history and traditions are passed down through generations. Its commitment to education helps both youth and adults develop skills and knowledge related to boating, encouraging a lifelong appreciation for the maritime environment. The strong, friendly community atmosphere cultivates a sense of belonging among members, enriching their social experiences on and off the water.
This information is meant to be a general summary of Portland 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $506,119
- Gross Receipts: $1,304,800
Assets and Liabilities:
- Total Assets: $1,533,737
- Total Liabilities: $20,599
- Net Assets: $1,513,138
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESTAURANT & BAR
Revenue
$261,267
RACES, EVENTS & JR PRO
Revenue
$209,004
VARIOUS CLUB FEES
Revenue
$23,229
LOCKER & OTHER MEMBER
Revenue
$9,475
OTHER
Revenue
$3,144
Organization Details
Founding Year
1869
Phone
(207) 781-9820Principal Officer
Scott Elliott
Main Address
40 OLD POWERHOUSE ROAD, FALMOUTH FORESIDE, ME, 04105
Website
www.portlandyachtclub.comNTEE Category
Code: N50 - Recreation
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