Overview
What is New Bedford Yacht Club?
The New Bedford Yacht Club, established in 1877, is a lively nonprofit organization located in Padanaram Harbor, Dartmouth, Massachusetts. With a diverse membership and a rich history, it boasts outstanding facilities such as a clubhouse and waterfront equipped with docks, slips, launching facilities, and fuel services. The club's mission is to cater to yachting and boating enthusiasts of good character, fostering a sense of community and camaraderie among its approximately 1,000 members and guests. Activities include a sailing school that has nurtured numerous high school, collegiate, and All-American sailors, an active Wednesday night racing series, and periodic perpetual trophy races for competitive sailors. Social events are held during the summer and winter seasons, with an annual cruise of a week or more and shorter cruising events throughout the summer. The club promotes and encourages safety, education, and organized racing through instructional programs and events, making it an engaging and enriching experience for its members and guests.
Official website here: www.nbyc.com
Is New Bedford Yacht Club legitimate?
New Bedford Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. New Bedford 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: $182,410
Professional Fundraising Fees: $0
Other Salaries and Wages: $559,897
For more financial information, click here
Official website here: www.nbyc.com
What is the mission statement of New Bedford Yacht Club?
The New Bedford Yacht Club, established in 1877, aims to attract members who share a passion for yachting and boating, encompassing a diverse range of ages and backgrounds. The club's mission is primarily focused on promoting and encouraging these activities by offering a clubhouse, harbor facilities, and related services. It also provides instruction in yachting and boating safety, an educational program in sailboat racing, and an organized racing program for members. Furthermore, the club fosters fellowship, friendship, and camaraderie among its members and guests, and strives to maintain a high standard of excellence in all its operations.
Official website here: www.nbyc.com
Who is the CEO of New Bedford Yacht Club?
Kenneth D Van Colen is the Commodore of New Bedford Yacht Club.
Official website here: www.nbyc.com
What is the revenue of New Bedford Yacht Club?
New Bedford Yacht Club's revenue in 2022 was $2,159,932.
Official website here: www.nbyc.com
Who are the executives of New Bedford Yacht Club and what are their salaries?
The average compensation at New Bedford Yacht Club during 2022 was $7,814. There are 95 employees and 100 volunteers at New Bedford Yacht Club.
Here are 22 key members and their salaries:
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Official website here: www.nbyc.com
Where can I find the form 990 for New Bedford Yacht Club?
New Bedford Yacht Club's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nbyc.com
Learn more at the official website: www.nbyc.com
Mission Statement of New Bedford Yacht Club
The New Bedford Yacht Club, established in 1877, is committed to fostering a diverse membership of yachting and boating enthusiasts. This membership, predominantly residing in the local area, embodies a broad spectrum of the community and is of appropriate size for its facilities. The club's primary mission is to promote and encourage yachting and boating activities by providing its members and guests with a clubhouse, harbor facilities, services, and related activities.
In addition to offering a welcoming environment, the New Bedford Yacht Club emphasizes safety and education. It provides instruction in yachting and boating safety, an educational program in sailboat racing and handling, and an organized yacht racing program for its members and guests. The club's commitment to fostering camaraderie is evident in its promotion of fellowship, friendship, and shared experiences among its members and guests.
The New Bedford Yacht Club's operations are characterized by a standard of excellence, with a focus on maintaining and improving its facilities. This dedication to quality extends to its activities, which include a sailing school, an active Wednesday night racing series, periodic perpetual trophy races, and various social events during the summer season. The club also organizes annual cruises, offering its members the opportunity to embark on extended voyages and shorter cruising events throughout the summer.
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Impact
October, 2024
New Bedford Yacht Club has a significant impact on the local community and yachting culture. Established in 1877, the club is located in Padanaram Harbor, Dartmouth, Massachusetts, and boasts outstanding facilities, including a clubhouse, docks, slips, and launching services.
The club serves approximately 1,000 members, providing a vibrant hub for yachting and boating enthusiasts. It promotes a sense of fellowship and camaraderie among members of all ages, reflecting the community's diversity.
One of the club's highlights is its sailing school, which has been instrumental in developing many successful sailors at various competitive levels, including high school and collegiate competitions. Regular racing events, such as the active Wednesday night racing series and annual perpetual trophy races, encourage skill development and foster competitive spirit among members.
Additionally, New Bedford Yacht Club hosts a range of social events throughout the summer and limited activities in the winter, enhancing community engagement. Through its organized cruising events, the club supports exploration and connection with the beautiful marine environment, offering both shorter excursions and longer themed cruises.
Overall, the New Bedford Yacht Club plays a vital role in promoting yachting and boating in the region, enriching the lives of its members and contributing to the local ambiance through recreational and educational activities.
This information is meant to be a general summary of New Bedford 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: $3,351
- Program Service Revenue: $2,120,029
- Gross Receipts: $3,464,945
Assets and Liabilities:
- Total Assets: $4,742,193
- Total Liabilities: $1,676,372
- Net Assets: $3,065,821
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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
$1,346,134
DOCKAGE AND FLOAT RENTALS
Revenue
$412,492
SAILING SCHOOL
Revenue
$218,858
OTHER ACTIVITIES
Revenue
$130,087
FINANCE CHARGES
Revenue
$12,458
Organization Details
Founding Year
1878
Phone
(508) 997-0762Principal Officer
Kenneth D Van Colen
Main Address
PO BOX P-4, SOUTH DARTMOUTH, MA, 02748
Website
www.nbyc.comNTEE Category
Code: N50 - Recreation
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