Vineyard Haven Yacht Club

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

EIN: 041935747 ✦ Vineyard haven, MA ✦ Designated as a 501(c)(7)

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Overview

What is Vineyard Haven Yacht Club?

The Vineyard Haven Yacht Club, situated in Vineyard Haven, Massachusetts, is a distinguished nonprofit organization that places a strong focus on yachting, particularly sailing and seamanship. Beyond water sports, the club also offers recreational activities such as tennis and swimming as secondary pursuits. With a total workforce of 56 individuals, the club is dedicated to fostering a community centered around these diverse interests.


Official website here: www.vhyc.org

Is Vineyard Haven Yacht Club legitimate?

Vineyard Haven Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Vineyard Haven 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: $467,704

For more financial information, click here


Official website here: www.vhyc.org

What is the mission statement of Vineyard Haven Yacht Club?

The Vineyard Haven Yacht Club's mission revolves around its primary objective of promoting yachting, with a focus on sailing and seamanship. Secondary activities such as tennis and swimming are also incorporated into its offerings. The club encourages various sports and activities to enhance its members' experiences.


Official website here: www.vhyc.org

Who is the CEO of Vineyard Haven Yacht Club?

Lorne W Lewis is the President/Director of Vineyard Haven Yacht Club.


Official website here: www.vhyc.org

What is the revenue of Vineyard Haven Yacht Club?

Vineyard Haven Yacht Club's revenue in 2022 was $1,411,273.


Official website here: www.vhyc.org

Who are the executives of Vineyard Haven Yacht Club and what are their salaries?

The average compensation at Vineyard Haven Yacht Club during 2022 was $8,352. There are 56 employees at Vineyard Haven Yacht Club.


Here are 5 key members and their salaries:


Marilyn Roos (President/Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Schwarz (Vice President/Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephen King (Treasurer/Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sarah Williman (Clerk/Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Watts (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.vhyc.org

Where can I find the form 990 for Vineyard Haven Yacht Club?

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


Official website here: www.vhyc.org

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

Mission Statement of Vineyard Haven Yacht Club

Vineyard Haven Yacht Club, a esteemed organization, has a primary focus on yachting, with an emphasis on sailing and seamanship. This mission extends to include secondary activities such as tennis and swimming, further enriching the members' experiences and promoting a well-rounded lifestyle. The Club encourages and supports its members in their yachting pursuits, fostering a sense of camaraderie and shared passion for the sport.

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Impact




October, 2024

Vineyard Haven Yacht Club significantly enhances the local community through its commitment to yachting and various recreational activities. By emphasizing sailing and seamanship, the Club fosters a strong maritime culture that encourages skill development and a passion for the water. This focus on yachting not only provides members with opportunities to hone their sailing abilities but also promotes environmental stewardship and an appreciation for the natural beauty of the surrounding areas.

In addition to yachting, the Club supports a range of other recreational activities, including tennis and swimming, which contribute to the overall fitness and well-being of its members. This integration of sports fosters a sense of community and teamwork, as individuals come together to participate in events and activities.

The Vineyard Haven Yacht Club also serves as a social hub within Vineyard Haven, creating opportunities for connection and engagement among residents and visitors alike. By hosting events and activities throughout the year, the Club plays a vital role in enhancing the vibrancy of the local community, drawing people together and creating lasting memories centered around shared interests in sports and recreation.




This information is meant to be a general summary of Vineyard Haven 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
$1,411,273 (2022)
Expenses
$1,123,025 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $28,500
  • Program Service Revenue: $207,202
  • Gross Receipts: $1,502,362

Assets and Liabilities:

  • Total Assets: $2,940,041
  • Total Liabilities: $309,448
  • Net Assets: $2,630,593

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Programs

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

Junior Sailing Program

Revenue

$131,440

Tennis

Revenue

$75,762

Organization Details

Founding Year

1928

Principal Officer

Lorne W Lewis

Main Address

PO Box 507, Vineyard Haven, MA, 02568

NTEE Category

Code: N50 - Recreation

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