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Lake Sunapee Yacht Club

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

EIN: 020226712 ✦ Sunapee, NH ✦ Designated as a 501(c)(7)

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Overview

What is Lake Sunapee Yacht Club?

Lake Sunapee Yacht Club, located in Sunapee, New Hampshire, is a nonprofit organization with a focus on providing yacht racing, launch, and other waterfront services to its members and their guests. Established with the intention of offering social and recreational facilities, the club has an emphasis on yachting activities. The club boasts a workforce of 57 dedicated individuals who contribute to its operations, ensuring a seamless experience for its members and guests.


Official website here: www.lsyc.net/

Is Lake Sunapee Yacht Club legitimate?

Lake Sunapee Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Lake Sunapee 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: $390,108

For more financial information, click here


Official website here: www.lsyc.net/

What is the mission statement of Lake Sunapee Yacht Club?

The Lake Sunapee Yacht Club was established with the primary purpose of offering social and recreational facilities for its members and their guests. The club has a particular focus on yachting, as evident in its activities and services. The club provides its members and guests with yacht racing opportunities, as well as launch services related to waterfront activities. In essence, the Lake Sunapee Yacht Club aims to foster a community centered around yachting, providing ample opportunities for its members to engage in yachting activities and socialize.


Official website here: www.lsyc.net/

Who is the CEO of Lake Sunapee Yacht Club?

John Driscoll Jr is the Treasurer of Lake Sunapee Yacht Club.


Official website here: www.lsyc.net/

What is the revenue of Lake Sunapee Yacht Club?

Lake Sunapee Yacht Club's revenue in 2023 was $874,245.


Official website here: www.lsyc.net/

Who are the executives of Lake Sunapee Yacht Club and what are their salaries?

The average compensation at Lake Sunapee Yacht Club during 2023 was $6,844. There are 57 employees at Lake Sunapee Yacht Club.


Here are 10 key members and their salaries:


Michael O'Loughlin Thru 123122 (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Taryn Chiarella Thru 123122 (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Beckman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Blaquiere (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jacqueline Dufault (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dave Goddard (Vice Commodo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Susan Gorgi (Rear Commodo)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Driscoll Jr (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Laurie Matthews (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tona White (Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.lsyc.net/

Where can I find the form 990 for Lake Sunapee Yacht Club?

Lake Sunapee Yacht Club's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.lsyc.net/

Learn more at the official website: www.lsyc.net/

Mission Statement of Lake Sunapee Yacht Club

Lake Sunapee Yacht Club, established with a primary focus, aims to offer social and recreational facilities to its members and their guests, placing a significant emphasis on yachting activities. The club's mission is to provide a platform that encourages camaraderie and relaxation, while also catering to the interest in yachting. This is accomplished through the organization of yacht races, launch services, and various waterfront activities, all designed to enhance the member experience.

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Impact




October, 2024

Lake Sunapee Yacht Club significantly enhances the community by offering a vibrant hub for social and recreational activities centered around yachting. The club provides members and their guests with access to yacht racing, launch services, and a range of waterfront amenities, fostering a strong sense of camaraderie and connection among boating enthusiasts.

Through its activities, the club not only promotes a love for sailing and water sports but also contributes to the local economy by attracting visitors and hosting events. The focus on social interaction and recreational enjoyment makes Lake Sunapee Yacht Club a vital part of the Sunapee community, creating lasting memories and friendships among its members.




This information is meant to be a general summary of Lake Sunapee 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
$874,245 (2023)
Expenses
$972,890 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $6
  • Program Service Revenue: $681,496
  • Gross Receipts: $990,941

Assets and Liabilities:

  • Total Assets: $1,186,140
  • Total Liabilities: $14,712
  • Net Assets: $1,171,428

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Programs

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

MEMBERSHIP DUES FOR PROGRAMS

Revenue

$499,266

CAPITAL DUES

Revenue

$85,855

INITIATION FEES

Revenue

$37,500

TENNIS LESSON REVENUE

Revenue

$32,315

SAILING LESSON REVENUE

Revenue

$19,746

Organization Details

Founding Year

1902

Principal Officer

John Driscoll Jr

Main Address

PO BOX 329, SUNAPEE, NH, 03782

NTEE Category

Code: N67Z - Recreation

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