Overview
What is Manchester Yacht Club?
Manchester Yacht Club is a nonprofit organization positioned in Manchester, Massachusetts. Dedicated to promoting boating, it provides its members with a variety of recreational, pleasure, and social activities. The club not only fosters enjoyment on the water but also cultivates a sense of community among its members. In the preceding year, the club recorded an impressive total revenue of $784,520.
Official website here: www.manchesteryc.org
Is Manchester Yacht Club legitimate?
Manchester Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Manchester 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: $7,170
Professional Fundraising Fees: $0
Other Salaries and Wages: $295,365
For more financial information, click here
Official website here: www.manchesteryc.org
What is the mission statement of Manchester Yacht Club?
Manchester Yacht Club's mission is centered around promoting boating experiences for its members. The club provides a platform for its members to engage in recreational, pleasure, and social activities. By doing so, it fosters a sense of camaraderie and shared enjoyment among its members. The club's activities are designed to cater to the leisure and social needs of its members, contributing to their overall satisfaction and fulfillment. It should be noted that the club generates revenue to sustain its operations, as indicated by the $784,520 in total revenues reported in the previous year. However, this financial aspect is not a part of the club's mission statement.
Official website here: www.manchesteryc.org
What is the revenue of Manchester Yacht Club?
Manchester Yacht Club's revenue in 2023 was $1,075,412.
Official website here: www.manchesteryc.org
Who are the executives of Manchester Yacht Club and what are their salaries?
The average compensation at Manchester Yacht Club during 2023 was $18,908. There are 16 employees and 25 volunteers at Manchester Yacht Club.
Here are 12 key members and their salaries:
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- Compensation: $2,390
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- Compensation: $2,390
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- Compensation: $2,390
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- Other: $0
Official website here: www.manchesteryc.org
Where can I find the form 990 for Manchester Yacht Club?
Manchester Yacht Club's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.manchesteryc.org
Learn more at the official website: www.manchesteryc.org
Mission Statement of Manchester Yacht Club
Manchester Yacht Club, a nonprofit organization, is dedicated to promoting boating activities for its members. The club provides a platform for its members to engage in recreational, pleasure, and social activities related to boating. This organization generates revenue and operates successfully, as evidenced by the $784,520 in total revenues it reported in the previous year.
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Impact
October, 2024
Manchester Yacht Club significantly enhances the local community by promoting boating and fostering a vibrant social environment for its members. Situated in the picturesque town of Manchester by the Sea, the club provides a range of recreational and pleasure activities, contributing to the area's appeal as a destination for boating enthusiasts.
With total revenues of $784,520 generated in the past year, the yacht club not only supports its activities but also contributes economically to the local economy, benefiting nearby businesses and services. By facilitating social interactions among members, the club strengthens community bonds, enhances quality of life, and encourages a culture of outdoor recreation. Overall, the Manchester Yacht Club plays a vital role in enriching the community's recreational landscape.
This information is meant to be a general summary of Manchester 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 2023.
- Investment Income: $47,632
- Program Service Revenue: $980,403
- Gross Receipts: $1,081,549
Assets and Liabilities:
- Total Assets: $2,046,675
- Total Liabilities: $6,482
- Net Assets: $2,040,193
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES & INIT
Revenue
$815,550
BOATING ACTIVITIES
Revenue
$164,853
Organization Details
Founding Year
1895
Principal Officer
Noel W Johnson
Website
www.manchesteryc.orgNTEE Category
Code: N50 - Recreation
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