Overview
What is Squantum Yacht Club?
The Squantum Yacht Club is a community-focused nonprofit based in Quincy, Massachusetts. With a rich history dating back to the late 1800s, the club offers boating and yacht support services to its members, while promoting boat safety and organizing both adult and youth boating activities. The club has a diverse membership of 80 regular members, 45 life members, and 35 social members. One of its notable initiatives is a junior sailing program, open to both members and non-members within the community, catering to children aged 8-17. Additionally, Squantum Yacht Club has been hosting the Lipton Cup Regatta annually in July for over three decades, attracting sailors from across New England. Beyond these activities, the club also extends its facilities to Quincy High School sports teams and various civic organizations by providing free usage of its hall.
Official website here: www.squantumyc.org/
Is Squantum Yacht Club legitimate?
Squantum Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Squantum 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: $57,875
For more financial information, click here
Official website here: www.squantumyc.org/
What is the mission statement of Squantum Yacht Club?
The Squantum Yacht Club serves its members by offering boat and yacht support services, advocating for boat safety, and sponsoring both adult and youth boating activities. With a rich history dating back to the late 1800s, the club has been instrumental in promoting boating in Quincy Bay and surrounding waters. The club boasts a membership of 80 regular members, 45 life members, and 35 social members. It also runs a junior sailing program for children in the community, aged 8 to 17, offering both member and non-member children the opportunity to learn and participate in boating activities. The Squantum Yacht Club has been hosting the Lipton Cup Regatta annually in July for over three decades, drawing sailors from all over New England. Additionally, the club extends its facilities by providing free usage of its hall to Quincy High School sports teams and various civic organizations.
Official website here: www.squantumyc.org/
Who is the CEO of Squantum Yacht Club?
Robert Thomas is the Director of Squantum Yacht Club.
Official website here: www.squantumyc.org/
What is the revenue of Squantum Yacht Club?
Squantum Yacht Club's revenue in 2022 was $242,745.
Official website here: www.squantumyc.org/
Who are the executives of Squantum Yacht Club and what are their salaries?
The average compensation at Squantum Yacht Club during 2022 was $1,608. There are 36 employees at Squantum Yacht Club.
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Official website here: www.squantumyc.org/
Where can I find the form 990 for Squantum Yacht Club?
Squantum Yacht Club's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.squantumyc.org/
Learn more at the official website: www.squantumyc.org/
Mission Statement of Squantum Yacht Club
The Squantum Yacht Club, established in the late 1800s, is dedicated to providing its members with boat support services and promoting boating safety. The club actively sponsors both adult and youth boating activities, fostering a sense of community among its members. With a membership base of 80 regular members, 45 life members, and 35 social members, the Squantum Yacht Club offers a platform for boat enthusiasts to connect and engage in various water activities.
One of the club's significant initiatives is its junior sailing program, catering to both member and non-member children in the community between the ages of 8 and 17. By hosting this program, the Squantum Yacht Club encourages the next generation of sailors and promotes the joy of boating within the community. Additionally, the club has a long-standing tradition of hosting the Lipton Cup Regatta in July, drawing sailors from all over New England. This event showcases the competitive spirit of both junior and adult sailors, fostering a sense of camaraderie and sportsmanship within the boating community.
Beyond its boating activities, the Squantum Yacht Club also extends its support to the local community by providing free usage of its hall to Quincy High School sports teams and other civic organizations. This act of generosity not only strengthens the club's ties with the community but also contributes to the overall development of the local area. In this manner, the Squantum Yacht Club embodies the spirit of camaraderie, community, and the love for boating, making it a cherished institution for its members and the surrounding area.
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Impact
October, 2024
Squantum Yacht Club plays a significant role in the boating community of Quincy, MA, enhancing both recreational opportunities and safety on the water. By providing essential support services for boating and yachting, the club fosters an environment where members can engage in a variety of activities. Its commitment to promoting boat safety is crucial in educating both seasoned sailors and newcomers, ensuring that everyone enjoys the beauty of Quincy Bay and its surrounding waters responsibly.
The club’s sponsorship of adult and youth boating activities not only encourages participation in water sports but also nurtures a love for boating among younger generations. This focus on inclusivity helps to build a vibrant community centered around maritime experiences.
Ultimately, Squantum Yacht Club’s longstanding presence—dating back to the late 19th century—underlines its impact on local maritime culture, serving as a hub for friendship, skill development, and a shared passion for boating.
This information is meant to be a general summary of Squantum 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: $84
- Program Service Revenue: $242,661
- Gross Receipts: $242,745
Assets and Liabilities:
- Total Assets: $125,862
- Total Liabilities: $594
- Net Assets: $125,268
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DUES
Revenue
$108,853
JR SAILING
Revenue
$60,248
PROGRAM INCOME
Revenue
$51,131
HALL RENTAL
Revenue
$22,429
Organization Details
Founding Year
1890
Phone
(617) 770-4811Principal Officer
Robert Thomas
Main Address
PO BOX 67, QUINCY, MA, 02170
Website
www.squantumyc.org/NTEE Category
Code: N50 - Recreation
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