Overview
What is Hingham Yacht Club?
The Hingham Yacht Club, situated in Hingham, Massachusetts, serves as a hub for approximately 430 families in the area. Their primary objective is to offer a yacht club facility and foster a sense of safety awareness, as well as enhance knowledge and skills in power boating and sailing activities. The club is operational seasonally, hosting a range of social and recreational events for its members. In addition, the Hingham Yacht Club is dedicated to the development of boating skills and water safety instruction for its junior members, ensuring a safe and enriching boating experience for all. The club employs a team of 67 individuals to ensure the smooth operation of its activities.
Official website here: www.hinghamyachtclub.com
Is Hingham Yacht Club legitimate?
Hingham Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Hingham 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: $391,731
For more financial information, click here
Official website here: www.hinghamyachtclub.com
What is the mission statement of Hingham Yacht Club?
The Hingham Yacht Club, serving a membership of approximately 430 families, operates seasonally and provides a range of social and recreational events. One of its primary commitments is to promote the development of boating skills and ensure water safety instruction, particularly for its junior members. The club's mission is to foster an environment that encourages awareness, knowledge, and skill in power boating and sailing activities, ultimately aiming to enhance the boating experience for all its members.
Official website here: www.hinghamyachtclub.com
What is the revenue of Hingham Yacht Club?
Hingham Yacht Club's revenue in 2024 was $2,072,330.
Official website here: www.hinghamyachtclub.com
Who are the executives of Hingham Yacht Club and what are their salaries?
The average compensation at Hingham Yacht Club during 2024 was $6,218. There are 63 employees at Hingham Yacht Club.
Here are 15 key members and their salaries:
- Compensation: $116,879
- Related: $0
- Other: $7,033
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- Compensation: $0
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- Other: $0
Official website here: www.hinghamyachtclub.com
Where can I find the form 990 for Hingham Yacht Club?
Hingham Yacht Club's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.hinghamyachtclub.com
Learn more at the official website: www.hinghamyachtclub.com
Mission Statement of Hingham Yacht Club
The Hingham Yacht Club, with a membership of around 430 families, is dedicated to operating seasonally and offering a wide array of social and recreational events for its members. One of its primary commitments is to foster the development of boating skills and promote water safety instruction, particularly for its junior members. The club's mission is to provide a platform that encourages the growth of power boating and sailing abilities, thereby instilling a sense of safety awareness within its members.
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Impact
October, 2024
Hingham Yacht Club fosters a vibrant community through its diverse social and recreational events, engaging approximately 430 families in the Hingham, MA area. By providing a welcoming facility and promoting safety awareness, the club plays a crucial role in enhancing boating skills among its members. Its commitment to water safety instruction and skill development, especially for junior members, ensures that the next generation of boaters is well-prepared and informed. This dedication not only enriches individual experiences but also strengthens community bonds, making the Hingham Yacht Club a vital part of the local landscape.
This information is meant to be a general summary of Hingham 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: $7
- Program Service Revenue: $2,070,600
- Gross Receipts: $2,072,330
Assets and Liabilities:
- Total Assets: $2,768,140
- Total Liabilities: $515,077
- Net Assets: $2,253,063
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Member dues
Revenue
$1,380,025
Galley
Revenue
$132,645
Gas oil ice
Revenue
$196,647
Entertainment
Revenue
$88,029
Jr activities
Revenue
$171,160
Organization Details
Founding Year
1895
Principal Officer
Allison Smyth
Website
www.hinghamyachtclub.comNTEE Category
Code: N50 - Recreation
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