Overview
What is Nantucket Yacht Club?
Nantucket Yacht Club is a nonprofit organization situated in NANTUCKET, MA 02554. Its primary purpose is to serve its members by operating a club that fosters yachting, sports, and social activities. The club boasts the necessary facilities and grounds to cater to these recreational and entertainment needs. With a workforce of 135 individuals, the Nantucket Yacht Club maintains the space to ensure its members enjoy an engaging and enjoyable yachting experience.
Official website here: www.nantucketyachtclub.org
Is Nantucket Yacht Club legitimate?
Nantucket Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Nantucket 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: $900,477
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,021,139
For more financial information, click here
Official website here: www.nantucketyachtclub.org
What is the mission statement of Nantucket Yacht Club?
The Nantucket Yacht Club's mission is centered around providing leisure and enjoyment for its members. They achieve this by establishing and maintaining a club equipped with suitable buildings, grounds, and facilities. The primary objective is to foster yachting, sports, and social activities, thereby promoting an engaging and enjoyable environment for its members.
Official website here: www.nantucketyachtclub.org
What is the revenue of Nantucket Yacht Club?
Nantucket Yacht Club's revenue in 2023 was $7,025,808.
Official website here: www.nantucketyachtclub.org
Who are the executives of Nantucket Yacht Club and what are their salaries?
The average compensation at Nantucket Yacht Club during 2023 was $12,811. There are 150 employees and 140 volunteers at Nantucket Yacht Club.
Here are 28 key members and their salaries:
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- Compensation: $146,139
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- Compensation: $112,933
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Official website here: www.nantucketyachtclub.org
Where can I find the form 990 for Nantucket Yacht Club?
Nantucket Yacht Club's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.nantucketyachtclub.org
Learn more at the official website: www.nantucketyachtclub.org
Mission Statement of Nantucket Yacht Club
The Nantucket Yacht Club, as an organization, is committed to providing its members with ample opportunities for recreation and entertainment. To achieve this, the club maintains and operates with the necessary buildings, grounds, and facilities, all geared towards promoting yachting, sports, and social activities. This mission statement underscores the club's dedication to creating an engaging environment where its members can partake in various activities, fostering a sense of community and camaraderie. The Nantucket Yacht Club's operations are centered around the enjoyment and development of its members, offering a range of recreational and entertainment opportunities that cater to their interests in yachting and sports.
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Impact
October, 2024
Nantucket Yacht Club significantly enhances the recreational and social landscape of Nantucket by creating a vibrant community hub for its members. By establishing and maintaining well-equipped facilities, the club promotes yachting, sports, and various social activities. This fosters a sense of belonging among members and encourages networking, camaraderie, and collaboration.
The club's infrastructure and activities not only cater to the interests of its members but also contribute to the local economy by drawing visitors and yacht enthusiasts to the area. Events hosted by the club often showcase local culture and talent, enriching the community's overall experience. The Nantucket Yacht Club’s commitment to providing exceptional recreational opportunities plays a vital role in preserving the maritime heritage of Nantucket while promoting a healthy, active lifestyle among its members.
This information is meant to be a general summary of Nantucket 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: $40,036
- Program Service Revenue: $6,682,720
- Gross Receipts: $9,530,578
Assets and Liabilities:
- Total Assets: $19,330,273
- Total Liabilities: $1,169,479
- Net Assets: $18,160,794
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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
$5,032,537
TENNIS INCOME
Revenue
$568,274
STAFF FUND CONTRIBUTIONS
Revenue
$331,950
SAILING REVENUE
Revenue
$288,213
WATERFRONT REVENUE
Revenue
$251,223
Organization Details
Founding Year
1920
Principal Officer
Betsy Morgan
Website
www.nantucketyachtclub.orgNTEE Category
Code: N50 - Recreation
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