Overview
What is Nantucket Yacht Club Foundation Inc?
Nantucket Yacht Club Foundation Inc is a nonprofit organization with a mission to generate funds for providing scholarships to individuals connected with Nantucket. The primary objective of this foundation is to offer financial aid, enabling scholarship recipients to further their education and personal growth. The foundation's activities are centered around this mission, and it strives to make a meaningful impact on the lives of those affiliated with Nantucket.
Is Nantucket Yacht Club Foundation Inc legitimate?
Nantucket Yacht Club Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nantucket Yacht Club Foundation Inc submitted a form 990EZ, 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.
What is the mission statement of Nantucket Yacht Club Foundation Inc?
The Nantucket Yacht Club Foundation Inc was established with the mission to raise funds primarily for the purpose of offering scholarships to individuals who are connected to Nantucket. The primary objective of the foundation is to award these scholarships to aid these individuals financially. The foundation serves as a source of financial assistance for individuals affiliated with Nantucket, aiming to provide them with the opportunity to pursue their academic goals. The foundation's activities are focused on this mission, which is to award scholarships to eligible individuals.
Who is the CEO of Nantucket Yacht Club Foundation Inc?
Gregory Fowlkes is the President of Nantucket Yacht Club Foundation Inc.
What is the revenue of Nantucket Yacht Club Foundation Inc?
Nantucket Yacht Club Foundation Inc's revenue in 2022 was $78,522.
Who are the executives of Nantucket Yacht Club Foundation Inc and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990EZ for Nantucket Yacht Club Foundation Inc?
Nantucket Yacht Club Foundation Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Nantucket Yacht Club Foundation Inc
The Nantucket Yacht Club Foundation Inc was established with a mission to generate funds for an noble purpose. This purpose is to provide financial aid in the form of scholarships to individuals who have a connection with Nantucket. The primary role of this foundation is to award these scholarships, thereby offering assistance to those who fall under this category. The foundation's mission is centered around providing financial support to its affiliated individuals, aiming to alleviate some of their financial burdens.
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Impact
August, 2024
Nantucket Yacht Club Foundation Inc's impact lies in providing essential financial support in the form of scholarships to individuals connected with Nantucket. This assistance can significantly alleviate the burden of educational costs and open up opportunities that may have been otherwise out of reach. By awarding scholarships, the foundation directly contributes to the personal and professional development of its beneficiaries, thereby strengthening the local community and fostering continued growth and prosperity.
This information is meant to be a general summary of Nantucket Yacht Club Foundation 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $22
- Gross Receipts: $78,522
Assets and Liabilities:
- Total Assets: $140,219
- Total Liabilities: $0
- Net Assets: $140,219
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Organization Details
Phone
(508) 228-1400Principal Officer
Gregory Fowlkes
Main Address
1 SOUTH BEACH STREET, NANTUCKET, MA, 02554
NTEE Category
Code: T30 - Philanthropy
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