Edgartown Yacht Club

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

EIN: 041278322 ✦ Edgartown, MA ✦ Designated as a 501(c)(7)

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Overview

What is Edgartown Yacht Club?

The Edgartown Yacht Club, established in 1905, is a nonprofit organization located in Edgartown, Massachusetts. With a strong commitment to preserving maritime traditions, its mission is to foster a shared interest in yachting, sailboat racing, seamanship, and competitive spirit. The club encourages excellence and good sportsmanship in tennis and sailing, and offers members various social activities, including dining experiences. The primary focus of Edgartown Yacht Club involves organizing recreational activities and providing food and beverage services for its members. The organization boasts a dedicated workforce of 132 individuals.


Official website here: www.edgartownyc.org

Is Edgartown Yacht Club legitimate?

Edgartown Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Edgartown 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: $1,468,518

For more financial information, click here


Official website here: www.edgartownyc.org

What is the mission statement of Edgartown Yacht Club?

The Edgartown Yacht Club, established in 1905, was founded with the aim of preserving the maritime traditions of its locale. Its mission is to assemble individuals with a passion for yachting, sailboat racing, seamanship, and competition, fostering an environment of excellence and good sportsmanship. The club encourages these traditions in tennis and sailing, and promotes the enjoyment of dining and social activities. Members are encouraged to contribute their time and skills to enhance the overall club experience.


Official website here: www.edgartownyc.org

Who is the CEO of Edgartown Yacht Club?

Russ Salisbury is the Commodore of Edgartown Yacht Club.


Official website here: www.edgartownyc.org

What is the revenue of Edgartown Yacht Club?

Edgartown Yacht Club's revenue in 2023 was $4,511,549.


Official website here: www.edgartownyc.org

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

The average compensation at Edgartown Yacht Club during 2023 was $11,125. There are 132 employees and 247 volunteers at Edgartown Yacht Club.


Here are 21 key members and their salaries:


Russ Salisbury (Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrew C Smith (Vice Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Harald B Findlay (Rear Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lynn M Everdell (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patrick E Bradley (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elizabeth Balay (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
D Blake Bath Sr (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jill Coyle (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kenneth Dobuler (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Barbara T Emery (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
William A Finn (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jonathan Lindenberg (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Allyson R Pachios (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Amanda D Phillips (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eric Reaman (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephen Reynolds (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ian M Smith (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Holland (Director Of Tennis)
  • Compensation: $317,195
  • Related: $0
  • Other: $37,198
William J Roman (Club Manager)
  • Compensation: $213,040
  • Related: $0
  • Other: $35,354
Scott Fish (Controller/Administrative Manager)
  • Compensation: $147,749
  • Related: $0
  • Other: $41,143
Ezra Agnew (Maintenance Supervisor)
  • Compensation: $106,738
  • Related: $0
  • Other: $43,744


Official website here: www.edgartownyc.org

Where can I find the form 990 for Edgartown Yacht Club?

Edgartown Yacht Club's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.edgartownyc.org

Learn more at the official website: www.edgartownyc.org

Mission Statement of Edgartown Yacht Club

The Edgartown Yacht Club, established in 1905, was founded with the aim of preserving the maritime traditions of Edgartown and Martha's Vineyard. Its mission is to foster a sense of community among individuals who share a passion for yachting, sailboat racing, seamanship, and competition, all in the spirit of good sportsmanship. The club encourages excellence in sailing and tennis, and strives to provide its members with an enjoyable dining and social experience. Members are encouraged to contribute their time and talents to enhance the overall quality of life at the club.

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Impact




October, 2024

The Edgartown Yacht Club significantly enhances the cultural and recreational landscape of Edgartown and Martha's Vineyard. Founded in 1905, it serves as a gathering place for individuals passionate about yachting, sailboat racing, and seamanship, fostering a community built on shared interests and camaraderie.

By promoting maritime traditions and encouraging high levels of competition in a spirited environment, the club elevates the standards of sportsmanship and excellence in sailing and tennis. Members actively engage in recreational activities, including various food and beverage services, creating a vibrant social atmosphere that strengthens community ties.

The club's commitment to cultivating an appreciation for dining and leisure activities further enriches the local lifestyle, while its ethos encourages members to contribute their skills and time to improve the overall experience at the club. Thus, the Edgartown Yacht Club plays a pivotal role in enhancing quality of life and preserving the rich maritime heritage of the region.




This information is meant to be a general summary of Edgartown 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
$4,511,549 (2023)
Expenses
$4,128,847 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $55,422
  • Program Service Revenue: $4,322,590
  • Gross Receipts: $6,582,437

Assets and Liabilities:

  • Total Assets: $20,156,058
  • Total Liabilities: $678,280
  • Net Assets: $19,477,778

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Programs

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

MEMBERSHIP DUES AND ASSESSMENTS

Revenue

$3,296,475

TENNIS FEES

Revenue

$462,527

SAILING COMMITTEE

Revenue

$292,444

FITNESS CENTER

Revenue

$163,060

REGATTA

Revenue

$42,401

Organization Details

Founding Year

1905

Principal Officer

Russ Salisbury

Main Address

P O BOX 1309, EDGARTOWN, MA, 025391309

NTEE Category

Code: N03 - Recreation

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