Hyannis Yacht Club

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

EIN: 042000996 ✦ Hyannis, MA ✦ Designated as a 501(c)(7)

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Overview

What is Hyannis Yacht Club?

The Hyannis Yacht Club, situated at 490 Ocean Street, Hyannis, Massachusetts 02601, is a nonprofit organization dedicated to fostering the sport of yachting. Its primary mission is to stimulate interest in yachting, further the education and science of seamanship and navigation, and offer a suitable clubhouse and anchorage for its members' recreational purposes. To achieve this, the club conducts normal operations, focusing on the well-being and leisure activities of its 182 members. The Hyannis Yacht Club serves as a hub for yacht enthusiasts, promoting an engaging and educational experience in the realm of yachting.


Official website here: www. www. hyannisyachtclub.org

Is Hyannis Yacht Club legitimate?

Hyannis Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Hyannis 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: $2,358,861

For more financial information, click here


Official website here: www. www. hyannisyachtclub.org

What is the mission statement of Hyannis Yacht Club?

The Hyannis Yacht Club's mission is centered around fostering the sport of yachting. It aims to encourage this pastime while also promoting the study and advancement of seafaring skills and navigation. The club also prioritizes providing its members with a suitable clubhouse and anchorage, serving as a recreational space for them. In essence, the Hyannis Yacht Club's mission is to support and enhance the yachting experience for its members, focusing on both the sport and its associated knowledge.


Official website here: www. www. hyannisyachtclub.org

Who is the CEO of Hyannis Yacht Club?

Roy Catignani is the Trustee of Hyannis Yacht Club.


Official website here: www. www. hyannisyachtclub.org

What is the revenue of Hyannis Yacht Club?

Hyannis Yacht Club's revenue in 2022 was $6,091,816.


Official website here: www. www. hyannisyachtclub.org

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

The average compensation at Hyannis Yacht Club during 2022 was $12,961. There are 182 employees at Hyannis Yacht Club.


Here are 11 key members and their salaries:


Matthew Clark (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christopher Cotoia (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brooke Mackay (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Leaver (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elizabeth O'Toole Dasilva (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christian Blair (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Spillane (Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
William D Nurse (Vice Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Roy Catignani (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Greer (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Mcmahon (Rear Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www. www. hyannisyachtclub.org

Where can I find the form 990 for Hyannis Yacht Club?

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


Official website here: www. www. hyannisyachtclub.org

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

Mission Statement of Hyannis Yacht Club

The Hyannis Yacht Club, a renowned organization, is dedicated to fostering the sport of yachting and promoting the education and scientific understanding of seamanship and navigation. Its primary aim is to provide and maintain a suitable clubhouse and anchorage, catering to the recreational needs and use of its members. The club's operations are geared towards encouraging its members to engage in yachting activities, while simultaneously promoting the knowledge and skills required for safe and effective navigation.

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Impact




October, 2024

Hyannis Yacht Club plays a significant role in the local community by fostering a passion for yachting and promoting educational opportunities in seamanship and navigation. The club provides a welcoming environment where members can engage in recreational activities, learn vital skills, and connect with others who share similar interests. By maintaining a well-equipped clubhouse and suitable anchorage, the club ensures that its facilities are a hub for sailing enthusiasts, enhancing the overall quality of life in Hyannis. This emphasis on community, education, and recreational activities contributes to a vibrant maritime culture that benefits residents and visitors alike.




This information is meant to be a general summary of Hyannis 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
$6,091,816 (2022)
Expenses
$6,477,909 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $926
  • Program Service Revenue: $6,026,105
  • Gross Receipts: $6,155,958

Assets and Liabilities:

  • Total Assets: $6,154,708
  • Total Liabilities: $3,169,962
  • Net Assets: $2,984,746

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Programs

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

CLUB ACTIVITIES

Revenue

$4,019,204

MEMBERSHIP DUES

Revenue

$1,580,327

CAPITAL ASSESSMENT

Revenue

$262,100

INITIATION FEES

Revenue

$164,474

Organization Details

Founding Year

1927

Principal Officer

Roy Catignani

Main Address

490 OCEAN STREET, HYANNIS, MA, 02601

NTEE Category

Code: N50 - Recreation

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