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: $469,125
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
What is the revenue of Lake Sunapee Yacht Club?
Lake Sunapee Yacht Club's revenue in 2024 was $1,157,278.
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 2024 was $6,899. There are 68 employees at Lake Sunapee Yacht Club.
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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 2024 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $1,498
- Program Service Revenue: $987,930
- Gross Receipts: $1,301,404
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
$635,316
INITIATION FEES
Revenue
$200,000
CAPITAL DUES
Revenue
$86,730
TENNIS LESSON REVENUE
Revenue
$32,244
SAILING LESSON REVENUE
Revenue
$24,322
Organization Details
Founding Year
1902
Principal Officer
John Driscoll Jr
Website
www.lsyc.netNTEE Category
Code: N67Z - Recreation
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