Cohasset Yacht Club

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

EIN: 042013382 ✦ Cohasset, MA ✦ Designated as a 501(c)(7)

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Overview

What is Cohasset Yacht Club?

The Cohasset Yacht Club, situated in Cohasset, Massachusetts at 99 Howard Gleason Road, is a nonprofit organization with a membership of 281 individuals. Its primary objective is to foster a love for sailing, seamanship, and the ocean environment, achieving this goal by promoting camaraderie among its members and those sharing similar interests. This is done through offering a variety of recreational, social, and educational activities. With a team of 36 dedicated employees, the Cohasset Yacht Club serves as a hub for individuals seeking to appreciate and engage with the ocean in a meaningful way.


Official website here: www.cohassetyc.org

Is Cohasset Yacht Club legitimate?

Cohasset Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Cohasset 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: $400,516

For more financial information, click here


Official website here: www.cohassetyc.org

What is the mission statement of Cohasset Yacht Club?

The Cohasset Yacht Club is dedicated to fostering an interest in sailing and the ocean environment. They achieve this by advocating for camaraderie among individuals who share a passion for sailing and seamanship. By promoting this fellowship, the club aims to enhance the enjoyment of the ocean and its surroundings. The Cohasset Yacht Club offers a variety of recreational, social, and instructional activities to its 281 members and their guests, thereby catering to their shared interests.


Official website here: www.cohassetyc.org

Who is the CEO of Cohasset Yacht Club?

Martin St John is the Steward of Cohasset Yacht Club.


Official website here: www.cohassetyc.org

What is the revenue of Cohasset Yacht Club?

Cohasset Yacht Club's revenue in 2022 was $1,154,743.


Official website here: www.cohassetyc.org

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

The average compensation at Cohasset Yacht Club during 2022 was $11,125. There are 36 employees and 150 volunteers at Cohasset Yacht Club.


Here are 23 key members and their salaries:


David Marks (Steward)
  • Compensation: $146,387
  • Related: $0
  • Other: $27,701
Judy Tedeschi (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Barbara Wipf (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Grace Evans (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bryan Baker (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Harald Gundersen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jessie Lubitz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elizabeth Baker (Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Martin St John (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eric Crews (Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Silvia (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jennifer Palmer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Can Tiryaki (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Harlan Mccanne (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Greco (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sarah Decker (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Courtney Heald (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
April Romano (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Megan Whoriskey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nicole Storer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paula Curran (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Mcgowan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Dickey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.cohassetyc.org

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

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


Official website here: www.cohassetyc.org

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

Mission Statement of Cohasset Yacht Club

The Cohasset Yacht Club, with its purpose clearly stated, is dedicated to fostering a love for yachting among its members and those who share an interest in sailing, seamanship, and the ocean's beauty. Its mission is to cultivate a sense of camaraderie and fellowship within this community, encouraging enjoyment of the ocean and its environment. The club achieves this by offering a variety of recreational, social, and instructional activities to its 281 members and their guests. These activities aim to engage and entertain, while also providing an opportunity for members to hone their sailing skills and appreciate the ocean's natural beauty.

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Impact




October, 2024

Cohasset Yacht Club significantly enhances the local community by fostering a passion for yachting and the ocean. By promoting good fellowship among its 281 members, the club creates a vibrant social network centered around sailing and seamanship. It offers a range of recreational, social, and instructional activities that not only cater to sailing enthusiasts but also engage their guests, enriching community interaction.

This sense of community is further heightened by the club's emphasis on environmental appreciation, encouraging members to enjoy and respect the ocean. The activities and camaraderie fostered at the Cohasset Yacht Club contribute positively to the quality of life in Cohasset, MA, by promoting outdoor recreation, encouraging active lifestyles, and cultivating a greater awareness of marine conservation. Overall, the impact of Cohasset Yacht Club reaches beyond its membership, creating lasting connections and benefits for the wider community.




This information is meant to be a general summary of Cohasset 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
$1,154,743 (2022)
Expenses
$1,143,277 (2022)
Efficiency

Other financial information:

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

  • Investment Income: -$1,608
  • Program Service Revenue: $1,151,139
  • Gross Receipts: $1,169,716

Assets and Liabilities:

  • Total Assets: $6,051,201
  • Total Liabilities: $3,427,253
  • Net Assets: $2,623,948

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Programs

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

Adult program activities

Revenue

$5,525

Entertainment activities

Revenue

$38,660

Junior activities/classes

Revenue

$119,333

Member facility charges

Revenue

$382,688

Membership Dues & Assessments

Revenue

$604,933

Organization Details

Founding Year

1894

Principal Officer

Martin St John

Main Address

99 Howard Gleason Road, Cohasset, MA, 02025

NTEE Category

Code: N03 - Recreation

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