Overview
What is Boston Yacht Club?
The Boston Yacht Club, situated at 1 Front Street, Marblehead, MA 01945, is a nonprofit organization primarily dedicated to fostering the passion for yachting among its members. This esteemed club serves multiple purposes, including promoting the collective interest in yachting, cultivating a social connection among its members, and offering facilities for members to engage in yachting activities. The club's workforce consists of 129 dedicated individuals, ensuring it can effectively cater to its members' needs and interests in this nautical field.
Official website here: www.bostonyachtclub.net
Is Boston Yacht Club legitimate?
Boston Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Boston 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: $1,725,230
For more financial information, click here
Official website here: www.bostonyachtclub.net
What is the mission statement of Boston Yacht Club?
The Boston Yacht Club's mission is centered around serving its members, primarily focusing on yachting. It strives to foster a general interest in yachting among its members and cultivate a social relationship among them. Furthermore, the club provides facilities to support their yachting activities. In essence, the Boston Yacht Club aims to create an engaging environment for its members, encouraging their involvement in yachting and fostering a sense of community among them.
Official website here: www.bostonyachtclub.net
What is the revenue of Boston Yacht Club?
Boston Yacht Club's revenue in 2023 was $3,568,820.
Official website here: www.bostonyachtclub.net
Who are the executives of Boston Yacht Club and what are their salaries?
The average compensation at Boston Yacht Club during 2023 was $16,589. There are 104 employees at Boston Yacht Club.
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Official website here: www.bostonyachtclub.net
Where can I find the form 990 for Boston Yacht Club?
Boston Yacht Club's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.bostonyachtclub.net
Learn more at the official website: www.bostonyachtclub.net
Mission Statement of Boston Yacht Club
Boston Yacht Club, a renowned organization, is dedicated to fostering the passion for yachting among its members. Its primary mission is threefold: firstly, it aims to stimulate the general interest in yachting among its members. Secondly, the club serves as a platform to establish and nurture social relationships among its members. Lastly, it provides essential facilities to support member yachting activities. By promoting yachting, fostering camaraderie, and offering necessary resources, Boston Yacht Club contributes significantly to the yachting community and the enjoyment of its members.
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Impact
October, 2024
The Boston Yacht Club plays a significant role in enhancing the yachting community in Marblehead, Massachusetts. By promoting the interests of its members in yachting, it fosters a vibrant culture centered around sailing and maritime activities. The club provides a valuable social network among members, creating a sense of camaraderie and shared passion for yachting.
Additionally, the facilities offered by the club support a range of activities, allowing members to engage in sailing, boating, and related recreational pursuits. The environment cultivated by the Boston Yacht Club encourages both newcomers and experienced sailors to connect, learn, and enjoy the art of sailing, contributing to the overall vitality of the local maritime community.
This information is meant to be a general summary of Boston 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 2023.
- Investment Income: $5,907
- Program Service Revenue: $497,617
- Gross Receipts: $4,498,254
Assets and Liabilities:
- Total Assets: $4,053,451
- Total Liabilities: $818,846
- Net Assets: $3,234,605
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ROOMS
Revenue
$215,589
HALIFAX
Revenue
$118,389
CLUB FUNCTIONS
Revenue
$105,379
WATERFRONT
Revenue
$58,260
Organization Details
Founding Year
1866
Principal Officer
Donald R Humphrey Jr
Website
www.bostonyachtclub.netNTEE Category
Code: N50 - Recreation
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