Overview
What is Palmer Cove Yacht Club Inc?
Palmer Cove Yacht Club Inc, situated in Salem, Massachusetts, is a nonprofit organization with a dedicated workforce of six individuals. Their primary mission is to cater to the boating needs of their club's membership. By supporting various boating activities, they enhance the boating experience for their members. The club's headquarters can be found at 74 Leavitt Street. Despite not providing specific details about their programs or initiatives, it's clear that Palmer Cove Yacht Club Inc plays a significant role in the boating community of its members.
Official website here: www.pcyc-salem.com
Is Palmer Cove Yacht Club Inc legitimate?
Palmer Cove Yacht Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Palmer Cove Yacht Club Inc 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: $104,378
For more financial information, click here
Official website here: www.pcyc-salem.com
What is the mission statement of Palmer Cove Yacht Club Inc?
The mission of Palmer Cove Yacht Club Inc. revolves around serving the boating needs of its membership. This is achieved by supporting the boating activities of its members, ensuring they have the necessary resources and facilities to enjoy their yachting pursuits. The club's primary objective is to cater to the boating requirements of its members, thereby enriching their yachting experience.
Official website here: www.pcyc-salem.com
Who is the CEO of Palmer Cove Yacht Club Inc?
T Eric Berube is the Vice Commodore/Director of Palmer Cove Yacht Club Inc.
Official website here: www.pcyc-salem.com
What is the revenue of Palmer Cove Yacht Club Inc?
Palmer Cove Yacht Club Inc's revenue in 2022 was $553,515.
Official website here: www.pcyc-salem.com
Who are the executives of Palmer Cove Yacht Club Inc and what are their salaries?
The average compensation at Palmer Cove Yacht Club Inc during 2022 was $17,396. There are 6 employees and 270 volunteers at Palmer Cove Yacht Club Inc.
Here are 9 key members and their salaries:
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Official website here: www.pcyc-salem.com
Where can I find the form 990 for Palmer Cove Yacht Club Inc?
Palmer Cove Yacht Club Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pcyc-salem.com
Learn more at the official website: www.pcyc-salem.com
Mission Statement of Palmer Cove Yacht Club Inc
Palmer Cove Yacht Club Inc, as a nonprofit organization, is committed to catering to the boating requirements of its membership. Its primary mission is to ensure the satisfaction and engagement of its members in boating activities. The club serves as a hub for its members, offering them the necessary support and resources to enjoy their boating hobbies to the fullest. The club's activities are centered around the boating needs of its members, aiming to enhance their experience and foster a sense of community within the club.
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Impact
October, 2024
Palmer Cove Yacht Club Inc significantly enhances the boating experience for its members in Salem, MA. By catering to the specific boating needs of its community, the club fosters a vibrant environment for recreational activities on the water. It provides vital support for various boating activities, encouraging participation and camaraderie among members. This engagement not only promotes individual enjoyment and skill development but also strengthens community ties. Through its activities, the club contributes to a shared passion for boating, enhancing the overall quality of life for its members and promoting an active, outdoor lifestyle.
This information is meant to be a general summary of Palmer Cove Yacht Club Inc. 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: $7,787
- Program Service Revenue: $490,916
- Gross Receipts: $661,914
Assets and Liabilities:
- Total Assets: $2,031,921
- Total Liabilities: $505,732
- Net Assets: $1,526,189
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SPECIAL ASSESSMENT INC
Revenue
$155,874
MEMBERSHIP DUES/INITIA
Revenue
$124,814
MARINA SLIP FEES
Revenue
$69,883
YARD STORAGE FEES
Revenue
$39,508
WORK ASSESSMENT PAYOFF
Revenue
$29,263
Organization Details
Founding Year
1934
Phone
(978) 741-2566Principal Officer
T Eric Berube
Main Address
74 LEAVITT STREET, SALEM, MA, 01970
Website
www.pcyc-salem.comNTEE Category
Code: N50 - Recreation
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