Eastern Point Yacht Club

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 041271260 ✦ Gloucester, MA ✦ Designated as a 501(c)(7)

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Overview

What is Eastern Point Yacht Club?

The Eastern Point Yacht Club, located at 125 Eastern Point Blvd, Gloucester, MA 01930, is a nonprofit organization primarily dedicated to the leisure and social activities of its members. Established with appropriate buildings, grounds, and facilities, the club encourages yachting and various social events. Members and guests are offered a distinctive location, featuring a charming clubhouse, dining facilities, and accommodations, along with functional and special event capabilities. The club's mission is to provide an enjoyable and unique environment for its members' recreation and entertainment. With a workforce of 58 individuals, the Eastern Point Yacht Club strives to maintain a welcoming atmosphere while promoting a love for yachting and social engagements.


Official website here: www.epyc.net

Is Eastern Point Yacht Club legitimate?

Eastern Point Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Eastern Point 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: $124,552
Professional Fundraising Fees: $0
Other Salaries and Wages: $365,899

For more financial information, click here


Official website here: www.epyc.net

What is the mission statement of Eastern Point Yacht Club?

The Eastern Point Yacht Club's mission is centered around providing recreational and entertaining opportunities for its members. To achieve this, the club maintains a suitable infrastructure, including buildings, grounds, and facilities, which are utilized to promote yachting and social activities. The club offers its members and guests a distinctive location, featuring a charming clubhouse, dining facilities, and accommodations, along with functional and special event capabilities.


Official website here: www.epyc.net

Who is the CEO of Eastern Point Yacht Club?

Jacquelyn C Bell is the Commodore of Eastern Point Yacht Club.


Official website here: www.epyc.net

What is the revenue of Eastern Point Yacht Club?

Eastern Point Yacht Club's revenue in 2022 was $1,533,083.


Official website here: www.epyc.net

Who are the executives of Eastern Point Yacht Club and what are their salaries?

The average compensation at Eastern Point Yacht Club during 2022 was $8,456. There are 58 employees and 68 volunteers at Eastern Point Yacht Club.


Here are 14 key members and their salaries:


Bill Rand (Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stuart Hunziker (Vice Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Betsy Brown (Rear Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Janis (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jacquelyn Bell (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mimi Tambone (Governor)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cathy Rossano (Governor)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sara Del Rio (Governor)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sabrina Eduardo (Governor)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ben Richardson (Governor)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Lucy (Governor)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tracy Davis (Governor)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter Strong (Governor)
  • Compensation: $0
  • Related: $0
  • Other: $0
Timothy Hart (General Manager)
  • Compensation: $124,552
  • Related: $0
  • Other: $19,169


Official website here: www.epyc.net

Where can I find the form 990 for Eastern Point Yacht Club?

Eastern Point Yacht Club's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.epyc.net

Learn more at the official website: www.epyc.net

Mission Statement of Eastern Point Yacht Club

Eastern Point Yacht Club, a renowned organization, is dedicated to providing its members with recreational and entertaining opportunities. It achieves this by maintaining a club with suitable buildings, grounds, and facilities, all designed to foster yachting and social activities. The club's charm lies in its unique location, which includes a captivating clubhouse, dining facilities, and accommodations. Moreover, Eastern Point Yacht Club offers function and special event capabilities, catering to its members' diverse needs and preferences. In essence, the club's mission is to create an enjoyable environment for its members, where they can indulge in yachting activities and socialize, making the most of their membership.

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Impact




October, 2024

Eastern Point Yacht Club fosters a vibrant community centered around yachting and social activities in Gloucester, MA. By providing a unique location equipped with a charming clubhouse, dining facilities, and accommodations, it enhances the recreational experiences of its members and guests. The club’s facilities facilitate not only yachting but also various social events, creating an environment where individuals can connect and share in their passions. This commitment to promoting maritime traditions and community engagement enriches the local culture, making it a cornerstone of the Gloucester waterfront scene.




This information is meant to be a general summary of Eastern Point 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.

Revenue
$1,533,083 (2022)
Expenses
$1,337,472 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,414
  • Program Service Revenue: $1,496,805
  • Gross Receipts: $2,171,018

Assets and Liabilities:

  • Total Assets: $2,017,269
  • Total Liabilities: $1,256,365
  • Net Assets: $760,904

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

MEMBERSHIP DUES AND AS

Revenue

$1,251,209

RENTALS

Revenue

$138,975

WATERFRONT

Revenue

$88,234

JUNIOR SAILING

Revenue

$16,550

RACING REVENUE

Revenue

$1,837

Organization Details

Founding Year

1930

Principal Officer

Jacquelyn C Bell

Main Address

125 EASTERN POINT BLVD, GLOUCESTER, MA, 01930

NTEE Category

Code: N50 - Recreation

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