Overview
What is Corinthian Yacht Club?
The Corinthian Yacht Club, situated in Marblehead, Massachusetts, is a nonprofit organization with a primary focus on fostering a competitive sailing environment. They are committed to creating an atmosphere welcoming to families and non-sailing members, demonstrating a dedication to inclusivity. To ensure their longevity for future generations, the club emphasizes responsible resource management. By offering tax-exempt club activities, they strive to uphold their historic charter while promoting a sustainable future.
Official website here: www.corinthianyc.org
Is Corinthian Yacht Club legitimate?
Corinthian Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Corinthian 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: $197,310
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,308,944
For more financial information, click here
Official website here: www.corinthianyc.org
What is the mission statement of Corinthian Yacht Club?
The Corinthian Yacht Club's mission is centered around fostering a competitive sailing environment while maintaining a welcoming culture for families and non-sailing members. They strive to preserve their historical charter as a sailing club and act as responsible stewards of their resources, ensuring the club's longevity for future generations. They also engage in tax-exempt club activities.
Official website here: www.corinthianyc.org
What is the revenue of Corinthian Yacht Club?
Corinthian Yacht Club's revenue in 2024 was $6,396,160.
Official website here: www.corinthianyc.org
Who are the executives of Corinthian Yacht Club and what are their salaries?
The average compensation at Corinthian Yacht Club during 2024 was $13,924. There are 180 employees and 165 volunteers at Corinthian Yacht Club.
Here are 12 key members and their salaries:
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- Compensation: $170,414
- Related: $0
- Other: $15,862
- Compensation: $140,913
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- Other: $20,905
- Compensation: $120,490
- Related: $0
- Other: $14,033
- Compensation: $102,724
- Related: $0
- Other: $22,598
Official website here: www.corinthianyc.org
Where can I find the form 990 for Corinthian Yacht Club?
Corinthian Yacht Club's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.corinthianyc.org
Learn more at the official website: www.corinthianyc.org
Mission Statement of Corinthian Yacht Club
The Corinthian Yacht Club's mission is centered around fostering a competitive sailing environment while nurturing a family-friendly and inclusive culture. This esteemed organization strives to uphold its historic charter by promoting sailing competitiveness and creating an atmosphere that welcomes both sailors and non-sailing members alike. Furthermore, the Corinthian Yacht Club is committed to being responsible stewards of its resources, ensuring the club's longevity for future generations. By offering tax-exempt club activities, this nonprofit demonstrates its dedication to preserving the joy of sailing for generations to come.
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Impact
October, 2024
Corinthian Yacht Club plays a significant role in enhancing the sailing community in Marblehead, MA. By fostering a competitive sailing environment, the club not only promotes skill development and sportsmanship among its members, but it also encourages participation in sailing as a lifelong sport. The culture cultivated at the club is particularly welcoming to families and non-sailing members, making it a vibrant community hub where individuals of all ages can engage in recreational activities and build lasting relationships.
The club's commitment to resource stewardship ensures its operations are sustainable, allowing it to maintain its historic charter and provide a robust sailing experience for future generations. Through various events and programs, Corinthian Yacht Club impacts the local economy and supports the maritime culture of the region while nurturing a sense of belonging among its diverse membership.
This information is meant to be a general summary of Corinthian 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: $50,430
- Program Service Revenue: $4,465,834
- Gross Receipts: $7,070,918
Assets and Liabilities:
- Total Assets: $10,951,749
- Total Liabilities: $313,665
- Net Assets: $10,638,084
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$3,268,930
CAPITAL ASSESSMENT
Revenue
$816,875
INITIATION FEES
Revenue
$380,029
Organization Details
Founding Year
1885
Principal Officer
John Godfrey
Website
www.corinthianyc.orgNTEE Category
Code: N50 - Recreation
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