Overview
What is Lynn Yacht Club?
The Lynn Yacht Club, situated in Lynn, Massachusetts, functions as a vibrant social club for its members, offering a myriad of activities centered around boating and education. Operating as a recreational, pleasure, and social organization, the club provides its members with various opportunities, including marina usage and engaging yacht club events. The Lynn Yacht Club is committed to fostering boating knowledge and skills among its members, making it an essential hub for boating enthusiasts in the area.
Is Lynn Yacht Club legitimate?
Lynn Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Lynn 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:
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What is the mission statement of Lynn Yacht Club?
The Lynn Yacht Club serves as a platform for both social engagement and boating education. It provides its members with various recreational activities and educational programs related to boating, such as marina usage and yacht club events. The organization operates as a pleasurable and social club, fostering camaraderie among its members. It offers an environment where individuals can enjoy boating and learn more about the activity, thereby promoting a shared passion for the sea.
Who is the CEO of Lynn Yacht Club?
Barry Cohen is the Commodore of Lynn Yacht Club.
What is the revenue of Lynn Yacht Club?
Lynn Yacht Club's revenue in 2022 was $188,808.
Who are the executives of Lynn Yacht Club and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Lynn Yacht Club?
Lynn Yacht Club's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lynn Yacht Club
Lynn Yacht Club, a distinguished organization, is dedicated to providing a social environment and boating education for its members. Operating as a recreational, pleasure, and social club, the Lynn Yacht Club offers a variety of activities and programs centered around boating. This includes the use of a marina and hosting yacht club events. The club's mission is to foster a sense of camaraderie and provide opportunities for its members to enhance their boating skills and knowledge.
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Impact
October, 2024
Lynn Yacht Club plays a significant role in fostering community engagement and promoting recreational boating in Lynn, MA. By offering a variety of social activities and boating education programs, the club provides members with opportunities to connect, learn, and enjoy their passion for boating. The marina facilities and regular yacht club events not only enhance the local waterfront culture but also encourage safe boating practices and environmental stewardship. The club serves as a hub for social interaction, bringing together individuals who share an interest in recreation and boating while cultivating a strong sense of community. Through its activities, Lynn Yacht Club contributes to the vitality of the local area, enhancing the quality of life for its members and the broader population.
This information is meant to be a general summary of Lynn 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.
- Investment Income: $56
- Program Service Revenue: $118,871
- Gross Receipts: $290,229
Assets and Liabilities:
- Total Assets: $329,806
- Total Liabilities: $2,429
- Net Assets: $327,377
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STORAGE
Revenue
$105,965
ENTERTAINMENT
Revenue
$12,906
Organization Details
Founding Year
1870
Phone
(781) 595-9825Principal Officer
Barry Cohen
Main Address
86 LYNNWAY, LYNN, MA, 01902
NTEE Category
Code: N50 - Recreation
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