Overview
What is Lake Champlain Yacht Club?
The Lake Champlain Yacht Club is a nonprofit organization dedicated to fostering sailboat racing and boating activities. They achieve this goal by operating a sailing school, which serves as a platform for promoting these activities. The club's services extend beyond just education, as it also provides moorings and employs stewards to cater to its members' needs. These offerings allow the Lake Champlain Yacht Club to collect membership fees for its operations.
Official website here: www.lcyc.info
Is Lake Champlain Yacht Club legitimate?
Lake Champlain Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Lake Champlain 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: $47,501
For more financial information, click here
Official website here: www.lcyc.info
What is the mission statement of Lake Champlain Yacht Club?
The Lake Champlain Yacht Club's mission is centered around promoting sailboat racing and various boating activities. They achieve this by operating a sailing school, which serves as a platform for fostering interest and skills in sailing. The club's primary objective is to provide a space for its members to engage in these activities and enhance their boating experiences. To support this, the Lake Champlain Yacht Club collects membership fees, which are utilized for administrative purposes. Additionally, the club offers moorings and employs stewards to ensure a smooth sailing experience for its members.
Official website here: www.lcyc.info
Who is the CEO of Lake Champlain Yacht Club?
Jay Heaslip is the Treasurer of Lake Champlain Yacht Club.
Official website here: www.lcyc.info
What is the revenue of Lake Champlain Yacht Club?
Lake Champlain Yacht Club's revenue in 2022 was $260,842.
Official website here: www.lcyc.info
Who are the executives of Lake Champlain Yacht Club and what are their salaries?
The average compensation at Lake Champlain Yacht Club during 2022 was $3,958. There are 12 employees and 200 volunteers at Lake Champlain Yacht Club.
Here are 5 key members and their salaries:
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Official website here: www.lcyc.info
Where can I find the form 990 for Lake Champlain Yacht Club?
Lake Champlain Yacht Club's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lcyc.info
Learn more at the official website: www.lcyc.info
Mission Statement of Lake Champlain Yacht Club
Lake Champlain Yacht Club, a notable organization, is dedicated to fostering a passion for sailboat racing and general boating activities. At the heart of its mission, the club operates a sailing school. This educational initiative aims to promote sailing skills and encourage participation in boating activities. In addition to providing an avenue for learning, the club collects membership fees to support its administrative tasks. Lake Champlain Yacht Club further extends its services to its members by offering moorings and assigning stewards to ensure a smooth sailing experience.
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Impact
October, 2024
Lake Champlain Yacht Club plays a significant role in promoting sailing and boating activities in the region. By offering a dedicated sailing school, the club encourages youth and adults alike to engage in sailboat racing and general boating, fostering a community passion for water sports. Through structured programs, it provides members with the resources they need, including moorings and stewards, ensuring a supportive environment for both novice and experienced sailors. Located in Shelburne, VT, the club also enhances local recreation opportunities, contributing to the enjoyment of Lake Champlain's beautiful landscape while promoting environmental stewardship and community engagement within the sailing community.
This information is meant to be a general summary of Lake Champlain 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.
- Investment Income: $33
- Program Service Revenue: $98,640
- Gross Receipts: $260,842
Assets and Liabilities:
- Total Assets: $647,203
- Total Liabilities: $6,092
- Net Assets: $641,111
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Mooring & Steward Servicd
Revenue
$31,100
Club operations
Revenue
$39,153
Sailing School
Revenue
$19,180
Racing Social Program
Revenue
$9,207
Organization Details
Founding Year
1887
Phone
(802) 922-0557Principal Officer
Jay Heaslip
Main Address
PO BOX 411, SHELBURNE, VT, 054820411
Website
www.lcyc.infoNTEE Category
Code: N50 - Recreation
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