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Seal Harbor Yacht Club Inc

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

EIN: 010537445 ✦ Seal harbor, ME ✦ Designated as a 501(c)(7)

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Overview

What is Seal Harbor Yacht Club Inc?

Seal Harbor Yacht Club Inc is a nonprofit organization that specializes in teaching sailing lessons to children. During the summer, they offer various programs, including rowing and both beginning and advanced sailing courses. Upon completion of these programs, the Club recognizes and honors the children's achievements by presenting them with certificates, typically awarding around 40 each year. Additionally, Seal Harbor Yacht Club organizes an annual regatta that attracts around 75 sailors from the local community boat club. The Club's activities contribute to children's development and sailing skills, fostering a love for the water and nautical activities.

Is Seal Harbor Yacht Club Inc legitimate?

Seal Harbor Yacht Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Seal Harbor Yacht Club Inc 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: $80,797

For more financial information, click here

What is the mission statement of Seal Harbor Yacht Club Inc?

The Seal Harbor Yacht Club Inc is dedicated to teaching sailing skills to children, offering various programs tailored for their learning. Each summer, the club recognizes the achievements of those who complete their rowing and sailing courses, bestowing certificates upon them. The club annually hosts a regatta, attracting over 75 sailors from the local community boat club. Through these activities, the Seal Harbor Yacht Club Inc is committed to fostering and nurturing the sailing abilities of young individuals.

Who is the CEO of Seal Harbor Yacht Club Inc?

Michael Wray is the Commodore of Seal Harbor Yacht Club Inc.

What is the revenue of Seal Harbor Yacht Club Inc?

Seal Harbor Yacht Club Inc's revenue in 2022 was $260,817.

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

The average compensation at Seal Harbor Yacht Club Inc during 2022 was $4,489. There are 18 employees at Seal Harbor Yacht Club Inc.


Here are 20 key members and their salaries:


Stefan H Cushman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Adam Foulke (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Fremont-Smith (Rear Commodo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ann K Galyean (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brooks Gray (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sarah G Hunter (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Asa E Phillips Iii (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph G Fogg Iii (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Sullivan Jr (Vice Commodo)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Gt Slater Jr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
F Brooks Matheson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Magdalena Miquens (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Hartley R Rogers (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Laura Stone (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Strawbridge (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Thibodeau (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sanford Whitehouse (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Virginia Du Pont Whitehouse (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christopher Willis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Wray (Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Seal Harbor Yacht Club Inc?

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

Mission Statement of Seal Harbor Yacht Club Inc

Seal Harbor Yacht Club Inc is committed to educating children in the art of sailing. This esteemed organization offers sailing lessons and programs, nurturing young learners each summer. Upon completion of the rowing, beginning, and advanced sailing courses, the Club recognizes their achievements by presenting certificates to approximately 40 deserving students. Beyond teaching sailing skills, Seal Harbor Yacht Club Inc also hosts an annual regatta, attracting over 75 sailors from the local community boat club. This event showcases the children's progress and fosters a sense of camaraderie within the sailing community.

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Impact




October, 2024

Seal Harbor Yacht Club Inc plays a vital role in promoting sailing among youth in Seal Harbor, ME. By offering structured sailing lessons and rowing programs, the club equips children with essential skills, fostering a love for the sport and encouraging physical activity. Each summer, approximately 40 children receive certificates upon completing these programs, highlighting their achievements and boosting self-confidence.

The club's annual regatta attracts over 75 sailors from the community, creating an atmosphere of camaraderie and participation that strengthens community bonds. Through these initiatives, Seal Harbor Yacht Club Inc not only cultivates sailing skills but also instills teamwork, discipline, and a sense of achievement in young sailors, contributing to their personal growth and enriching the local maritime culture.




This information is meant to be a general summary of Seal Harbor Yacht Club Inc. 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
$260,817 (2022)
Expenses
$266,420 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $342
  • Program Service Revenue: $41,153
  • Gross Receipts: $267,446

Assets and Liabilities:

  • Total Assets: $685,218
  • Total Liabilities: $0
  • Net Assets: $685,218

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Programs

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

SAILING LESSONS

Revenue

$41,153

Organization Details

Founding Year

2000

Principal Officer

Michael Wray

Main Address

PO BOX 308, SEAL HARBOR, ME, 04675

NTEE Category

Code: N50 - Recreation

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