Overview
What is American Yacht Club Inc?
American Yacht Club Inc, located in Newburyport, Massachusetts, is a nonprofit organization specializing in recreational boating activities. With a focus on its member's enjoyment, the club offers sailing lessons, participates in regattas, and provides various related activities. The club's mission is centered around these marine-based activities, fostering a sense of community among its members. In terms of expenditure, the club invests in capital projects to improve its facilities and infrastructure, ensuring its members have an enriching experience. The organization employs a team of 14 individuals to facilitate these activities and enhance the overall club experience.
Is American Yacht Club Inc legitimate?
American Yacht Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. American 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: $3,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $38,057
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What is the mission statement of American Yacht Club Inc?
The American Yacht Club Inc is committed to providing recreational boating activities for its members. This includes offering sailing lessons and hosting regattas, among other related events. The club's mission is primarily geared towards fostering a boating community where members can engage in these activities. Furthermore, the club invests in capital projects to improve its facilities and enhance the overall experience for its members.
Who is the CEO of American Yacht Club Inc?
Patricia Brunelle is the President of American Yacht Club Inc.
What is the revenue of American Yacht Club Inc?
American Yacht Club Inc's revenue in 2022 was $253,041.
Who are the executives of American Yacht Club Inc and what are their salaries?
The average compensation at American Yacht Club Inc during 2022 was $2,933. There are 14 employees at American Yacht Club Inc.
Here are 10 key members and their salaries:
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Where can I find the form 990 for American Yacht Club Inc?
American Yacht Club Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of American Yacht Club Inc
American Yacht Club Inc, as a distinguished organization, is dedicated to providing recreational boating activities for its members. Their primary mission revolves around offering sailing lessons, hosting regattas, and engaging in various related activities. This mission is aimed at fostering a sense of camaraderie and enjoyment among its members in the realm of boating. The club's activities are designed to cater to various skill levels, ensuring that both novice and experienced sailors can participate and learn from each other. In essence, American Yacht Club Inc serves as a hub for boating enthusiasts, offering a platform for them to hone their skills, compete, and share their passion for the water.
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Impact
October, 2024
American Yacht Club Inc significantly enhances the community by promoting recreational boating and sailing activities. Through its comprehensive offerings, including sailing lessons, regattas, and other member-centric events, the club fosters a strong sense of camaraderie and engagement among its members.
The club's investment in capital projects demonstrates its commitment to continual improvement and providing high-quality facilities and experiences. By facilitating these recreational activities in Newburyport, Massachusetts, American Yacht Club encourages community involvement, supports local economies through events, and nurtures a passion for boating in a beautiful waterfront setting. The club serves not just as a hub for sailing enthusiasts but also as an integral part of the local culture, promoting an active and vibrant lifestyle.
This information is meant to be a general summary of American 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 2022.
- Investment Income: $277
- Program Service Revenue: $143,118
- Gross Receipts: $253,041
Assets and Liabilities:
- Total Assets: $319,100
- Total Liabilities: $0
- Net Assets: $319,100
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Sailing School Income
Revenue
$47,535
Boat Storage Other Yard Income
Revenue
$45,789
Mooring Committee Income
Revenue
$42,950
Misc Related Income
Revenue
$5,334
Regatta Committee Income
Revenue
$1,510
Organization Details
Founding Year
1890
Phone
(978) 465-9053Principal Officer
Patricia Brunelle
Main Address
PO Box 1360 115-117R Water Street, Newburyport, MA, 019503080
NTEE Category
Code: N50 - Recreation
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