Overview
What is Wessagussett Yacht Club Inc?
Wessagussett Yacht Club Inc, located in North Weymouth, Massachusetts, is a nonprofit organization with around 200 members. The primary purpose of this club is to provide and maintain secure facilities for its members to moor and maintain their boats. The club is deeply committed to fostering boating interests and ensuring boating safety among its members. With a dedicated workforce of 20 individuals, Wessagussett Yacht Club Inc plays an essential role in the boating community, offering a supportive environment for boat enthusiasts.
Is Wessagussett Yacht Club Inc legitimate?
Wessagussett Yacht Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Wessagussett 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: $67,701
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What is the mission statement of Wessagussett Yacht Club Inc?
The Wessagussett Yacht Club Inc serves approximately 200 members by providing and maintaining secure facilities for their boat mooring and upkeep. The club is dedicated to fostering an interest in boating and ensuring boat safety, promoting these aspects as part of its mission.
What is the revenue of Wessagussett Yacht Club Inc?
Wessagussett Yacht Club Inc's revenue in 2024 was $331,394.
Who are the executives of Wessagussett Yacht Club Inc and what are their salaries?
The average compensation at Wessagussett Yacht Club Inc during 2024 was $3,385. There are 20 employees and 20 volunteers at Wessagussett Yacht Club Inc.
Here are 5 key members and their salaries:
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- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Wessagussett Yacht Club Inc?
Wessagussett Yacht Club Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Wessagussett Yacht Club Inc
Wessagussett Yacht Club Inc is dedicated to serving its approximately 200 members by providing and maintaining secure facilities where they can moor and maintain their boats. This nonprofit organization's mission extends beyond just providing infrastructure; it also promotes boaters' interests and safety. By offering a secure area for members' boats, Wessagussett Yacht Club Inc ensures that its members can enjoy their boating hobby with peace of mind. Additionally, the club actively encourages boating safety, which is an essential aspect of its operations. By promoting both boating interests and safety, Wessagussett Yacht Club Inc contributes to enhancing the boating experience for its members.
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Impact
October, 2024
Wessagussett Yacht Club Inc significantly enhances the local boating community by providing secure facilities for approximately 200 members to moor and maintain their boats. Its contributions foster a strong sense of camaraderie among members and create a vibrant recreational environment. By promoting boating interests and safety, the club not only enriches the personal experiences of its members but also helps cultivate a culture of responsible boating practices. This commitment to safety and recreation plays a vital role in sustaining the boating lifestyle in North Weymouth, MA, benefiting both participants and the surrounding community.
This information is meant to be a general summary of Wessagussett 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 2024.
- Investment Income: $6,580
- Program Service Revenue: $103,871
- Gross Receipts: $444,838
Assets and Liabilities:
- Total Assets: $231,691
- Total Liabilities: $331,901
- Net Assets: -$100,210
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DOCK INCOME
Revenue
$74,846
SAILING MEMBERSHIP
Revenue
$29,025
Organization Details
Founding Year
1903
Principal Officer
Keith Connaughton
NTEE Category
Code: N50 - Recreation
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