Overview
What is Eastern Yacht Club?
The Eastern Yacht Club is a nonprofit organization that fosters social recreation and actively encourages sailing and yachting activities. It provides a clubhouse for its members, offering a space for relaxation and enjoyment. The club's programs cater to the needs of its membership, ensuring quality hospitality and promoting activities such as yacht racing, naval architecture, and the advancement of nautical science. The Eastern Yacht Club upholds all privileges and duties for its members, creating a vibrant community centered around yachting.
Official website here: www.easternyc.org
Is Eastern Yacht Club legitimate?
Eastern Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Eastern 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: $2,554,046
For more financial information, click here
Official website here: www.easternyc.org
What is the mission statement of Eastern Yacht Club?
The Eastern Yacht Club, established to foster social recreation, actively encourages sailing and yachting activities among its members. The club provides a clubhouse as a shared space for its members to enjoy. Besides maintaining a social atmosphere, the club also supports tax-exempt activities tailored to its membership. The Eastern Yacht Club strives to offer high-quality hospitality and encourages yacht racing, naval architecture, and the advancement of nautical science. All privileges within the club are subject to corresponding duties.
Official website here: www.easternyc.org
Who is the CEO of Eastern Yacht Club?
Henry W Newman is the Commodore of Eastern Yacht Club.
Official website here: www.easternyc.org
What is the revenue of Eastern Yacht Club?
Eastern Yacht Club's revenue in 2022 was $5,526,838.
Official website here: www.easternyc.org
Who are the executives of Eastern Yacht Club and what are their salaries?
The average compensation at Eastern Yacht Club during 2022 was $14,349. There are 178 employees and 200 volunteers at Eastern Yacht Club.
Here are 18 key members and their salaries:
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- Compensation: $226,488
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- Compensation: $151,160
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- Other: $12,421
- Compensation: $138,174
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- Other: $23,039
Official website here: www.easternyc.org
Where can I find the form 990 for Eastern Yacht Club?
Eastern Yacht Club's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.easternyc.org
Learn more at the official website: www.easternyc.org
Mission Statement of Eastern Yacht Club
Eastern Yacht Club, established with the purpose of promoting social recreation, actively encourages sailing and yachting activities among its members. To cater to the needs of its membership, the club organizes tax-exempt activities. The clubhouse, maintained by Eastern Yacht Club, serves as a venue for its members to socialize and enjoy the amenities. Beyond promoting recreation and yachting, the club also aims to foster an interest in nautical science and yacht racing. Through its initiatives, Eastern Yacht Club extends various privileges to its members, subject to their duties. The club's mission can be summarized as an endeavor to offer a conducive environment for social interaction, while encouraging and nurturing the passion for sailing and yachting among its members.
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Impact
October, 2024
Eastern Yacht Club significantly impacts the community by fostering a vibrant culture of sailing and yachting activities. Located in Marblehead, Massachusetts, the club serves as a hub for social recreation, bringing together members who share a passion for the nautical lifestyle. The clubhouse provides a welcoming space for members to gather, enhancing community bonds and creating opportunities for networking and friendship.
Through its programs, the club promotes not only recreational sailing but also education in naval architecture and nautical science, ensuring that members gain a deeper understanding of their hobbies. This commitment to quality hospitality and member engagement encourages active participation in yacht racing and other related activities, enriching the local maritime landscape.
Furthermore, Eastern Yacht Club's emphasis on social interaction and recreation contributes to the overall well-being of its members, fostering a sense of camaraderie and shared purpose within the maritime community.
This information is meant to be a general summary of Eastern 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.
- Program Service Revenue: $3,617,590
- Gross Receipts: $6,244,337
Assets and Liabilities:
- Total Assets: $647,279
- Total Liabilities: $3,017,434
- Net Assets: -$2,370,155
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$3,127,706
CAPITAL ASSESSMENTS
Revenue
$346,284
ENTRANCE FEES
Revenue
$143,600
Organization Details
Founding Year
1871
Phone
(781) 631-1400Principal Officer
Henry W Newman
Main Address
47 FOSTER STREET, MARBLEHEAD, MA, 01945
Website
www.easternyc.orgNTEE Category
Code: N03 - Recreation
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