Town River Yacht Club

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

EIN: 041909505 ✦ Quincy, MA ✦ Designated as a 501(c)(7)

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Overview

What is Town River Yacht Club?

The Town River Yacht Club, located at 60 Mound Street, Quincy, Massachusetts 02169, serves as a nonprofit organization primarily focused on offering yachting and boating experiences to its members. With a team of 20 dedicated individuals, the club's mission is to provide its members with unparalleled access to these water-based activities. The club's activities and objectives aim to foster a sense of community and promote enjoyment of the yachting and boating lifestyle among its members.


Official website here: www.townriveryachtclub.com

Is Town River Yacht Club legitimate?

Town River Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Town River 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: $123,518

For more financial information, click here


Official website here: www.townriveryachtclub.com

What is the mission statement of Town River Yacht Club?

The Town River Yacht Club's mission is centered around providing yachting and boating opportunities for its members. They strive to facilitate access to these water activities, promoting a sense of community and enjoyment among its members. The club's activities are primarily focused on catering to the boating needs of its members, ensuring a enjoyable and engaging experience for all involved. The club's mission is to create a welcoming environment where members can engage in yachting and boating activities, fostering camaraderie and shared experiences.


Official website here: www.townriveryachtclub.com

What is the revenue of Town River Yacht Club?

Town River Yacht Club's revenue in 2024 was $972,279.


Official website here: www.townriveryachtclub.com

Who are the executives of Town River Yacht Club and what are their salaries?

The average compensation at Town River Yacht Club during 2024 was $6,501. There are 19 employees at Town River Yacht Club.

Here are 6 key members and their salaries:


Mark Sarofeen (Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Noonan (Vice Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joanne Blunt (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Laura Cormican (Recording Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alfred Gallinaro (Financial Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter Sarofeen (Rear Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.townriveryachtclub.com

Where can I find the form 990 for Town River Yacht Club?

Town River Yacht Club's most recent form 990 was submitted in 2024 and can be accessed here.


Official website here: www.townriveryachtclub.com

Learn more at the official website: www.townriveryachtclub.com

Mission Statement of Town River Yacht Club

The Town River Yacht Club is dedicated to offering yachting and boating opportunities for its members. With a primary focus on providing these services, the club seeks to cater to the boating enthusiasts within its membership base. By offering yachting and boating access, the club aims to create a community of like-minded individuals who share a passion for the water and the sailing lifestyle. The mission of the Town River Yacht Club is thus centered around fostering an environment where members can enjoy and engage in yachting activities, contributing to a sense of camaraderie and shared experiences.

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Impact




October, 2024

Town River Yacht Club plays a significant role in enhancing recreational opportunities in Quincy, MA, by offering yachting and boating access to its members. This access fosters a vibrant community of boating enthusiasts, promoting camaraderie and shared experiences on the water. The club not only provides essential services for yachting and boating, but also contributes to the local economy by attracting visitors and supporting related businesses. Furthermore, the club encourages outdoor activities, fostering a connection to nature and a healthy lifestyle among its members. Overall, Town River Yacht Club enriches the community by making boating accessible and enjoyable, cultivating a love for water-based recreation.




This information is meant to be a general summary of Town River 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
$972,279 (2024)
Expenses
$914,804 (2024)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2024.

  • Investment Income: $6,946
  • Program Service Revenue: $431,033
  • Gross Receipts: $972,279

Assets and Liabilities:

  • Total Assets: $32,729
  • Total Liabilities: $392,580
  • Net Assets: -$359,851

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Programs

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

Gas Sales/ Marina Income

Revenue

$431,033

Organization Details

Founding Year

1912

Principal Officer

Joanne Blunt

NTEE Category

Code: N50 - Recreation

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