Savin Hill Yacht Club

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 041810510 ✦ Dorchester, MA ✦ Designated as a 501(c)(7)

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Overview

What is Savin Hill Yacht Club?

The Savin Hill Yacht Club is a nonprofit organization, located undisclosed, dedicated to the promotion of yachting and fostering camaraderie among its members. The club extends its warm welcome to guests from other yacht clubs, welcoming them on an exchange basis. Their mission is to create an inclusive atmosphere where members can enjoy yachting and strengthen their social bonds.


Official website here: www.savinhillyc.org

Is Savin Hill Yacht Club legitimate?

Savin Hill Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Savin Hill 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $130,615

For more financial information, click here


Official website here: www.savinhillyc.org

What is the mission statement of Savin Hill Yacht Club?

The Savin Hill Yacht Club, in its mission, focuses on promoting yachting as a sport and fostering a sense of camaraderie among its members. It extends this fellowship to guests from other yacht clubs, welcoming them on an exchange basis. The club strives to maintain a hospitable environment, fostering a sense of unity and shared enthusiasm for yachting.


Official website here: www.savinhillyc.org

Who is the CEO of Savin Hill Yacht Club?

Brian Bosman is the Treasurer of Savin Hill Yacht Club.


Official website here: www.savinhillyc.org

What is the revenue of Savin Hill Yacht Club?

Savin Hill Yacht Club's revenue in 2022 was $452,476.


Official website here: www.savinhillyc.org

Who are the executives of Savin Hill Yacht Club and what are their salaries?

The average compensation at Savin Hill Yacht Club during 2022 was $5,442. There are 24 employees and 12 volunteers at Savin Hill Yacht Club.


Here are 12 key members and their salaries:


Martha Tiereny (Director)
  • Compensation: $0
  • Related: $0
  • Other: $1,200
Reed Cournoyer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $1,200
William Kane (Director)
  • Compensation: $0
  • Related: $0
  • Other: $1,200
Erik Lindahl (Director)
  • Compensation: $0
  • Related: $0
  • Other: $1,200
Dave Dickerson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $1,200
Nick Simon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $1,200
William Finn (Vice Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $1,200
Ryan Murphy (Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $1,200
Brian Bosman (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $1,200
Donald Derosa (Recording Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $1,200
Sean Kane (Financial Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $1,200
Alie Shaughnessey (Rear Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $1,200


Official website here: www.savinhillyc.org

Where can I find the form 990 for Savin Hill Yacht Club?

Savin Hill Yacht Club's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.savinhillyc.org

Learn more at the official website: www.savinhillyc.org

Mission Statement of Savin Hill Yacht Club

The Savin Hill Yacht Club, in its mission, advocates for the promotion of yachting and cultivates a sense of camaraderie among its members. This esteemed organization extends its hospitality to guests from other yacht clubs on a reciprocal basis, thereby fostering a congenial atmosphere that transcends club boundaries. By doing so, Savin Hill Yacht Club contributes to the shared passion for yachting and encourages a spirit of unity among its members and visitors alike.

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Impact




October, 2024

Savin Hill Yacht Club significantly enriches the local community by promoting yachting and fostering a sense of fellowship among its members. Located in Dorchester, MA, the club serves as a hub for maritime enthusiasts, providing opportunities for individuals to engage in recreational boating and social activities. This welcoming environment not only strengthens bonds among members but also encourages camaraderie with guests from other yacht clubs, facilitating a vibrant exchange of experiences and ideas.

By championing yachting, Savin Hill Yacht Club enhances the appreciation for water-based recreation, promoting an active lifestyle that benefits both physical and mental well-being. Additionally, the club contributes to the local economy through events, attracting visitors and bringing attention to the beauty of Dorchester’s waterfront. This impact extends beyond mere recreation; it cultivates a community built on shared interests, teaching valuable skills, teamwork, and responsibility among its members—all while celebrating the joys of life on the water.




This information is meant to be a general summary of Savin Hill 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.

Revenue
$452,476 (2022)
Expenses
$508,843 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $2,117
  • Program Service Revenue: $32,955
  • Gross Receipts: $564,610

Assets and Liabilities:

  • Total Assets: $500,356
  • Total Liabilities: $8,045
  • Net Assets: $492,311

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Hall rent

Revenue

$32,955

Organization Details

Founding Year

1875

Principal Officer

Brian Bosman

Main Address

400 Morrissey Blvd, Dorchester, MA, 02125

NTEE Category

Code: N50 - Recreation

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