Overview
What is Falmouth Yacht Club Inc?
Falmouth Yacht Club Inc, located in Falmouth, Massachusetts, is a nonprofit organization with a mission to promote yachting. They accomplish this by maintaining dining and lounge facilities, serving as a social gathering spot for members, their families, and guests. The club also aims to provide and maintain a suitable clubhouse, fostering a sense of camaraderie among its members. With a workforce of 56 individuals, Falmouth Yacht Club Inc encourages a friendly atmosphere within its community, contributing to the yachting community in Massachusetts.
Official website here: www.falmouthyachtclub.com
Is Falmouth Yacht Club Inc legitimate?
Falmouth Yacht Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Falmouth 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $226,836
For more financial information, click here
Official website here: www.falmouthyachtclub.com
What is the mission statement of Falmouth Yacht Club Inc?
The Falmouth Yacht Club Inc's primary purpose is to foster an interest in yachting. To achieve this, they provide and maintain a suitable clubhouse. Additionally, they encourage a sense of camaraderie among its members by offering dining and lounge facilities, serving as a social gathering space for members, their families, and guests.
In essence, the club is committed to promoting yachting as a pastime and creating a congenial environment for its members, fostering fellowship and social interaction through its facilities.
Official website here: www.falmouthyachtclub.com
What is the revenue of Falmouth Yacht Club Inc?
Falmouth Yacht Club Inc's revenue in 2023 was $1,071,504.
Official website here: www.falmouthyachtclub.com
Who are the executives of Falmouth Yacht Club Inc and what are their salaries?
The average compensation at Falmouth Yacht Club Inc during 2023 was $3,911. There are 58 employees and 68 volunteers at Falmouth Yacht Club Inc.
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Official website here: www.falmouthyachtclub.com
Where can I find the form 990 for Falmouth Yacht Club Inc?
Falmouth Yacht Club Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.falmouthyachtclub.com
Learn more at the official website: www.falmouthyachtclub.com
Mission Statement of Falmouth Yacht Club Inc
Falmouth Yacht Club Inc is dedicated to promoting yachting and fostering a sense of camaraderie among its members. By fulfilling this mission, the club aims to provide and maintain a suitable clubhouse where members, their families, and guests can socialize. The club's primary focus is on promoting yachting, and the clubhouse serves as a central hub for these activities. Furthermore, the Falmouth Yacht Club Inc encourages a friendly atmosphere among its members, thereby strengthening the relationships within the yachting community.
To achieve its objectives, the club maintains dining and lounge facilities, which provide an ideal setting for members to gather and engage in social activities. These facilities serve as a hub of social interaction, allowing members to share their experiences, knowledge, and passion for yachting. By providing such a conducive environment, the Falmouth Yacht Club Inc successfully encourages good fellowship among its members, thereby enhancing their overall experience and fostering a strong sense of community.
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Impact
October, 2024
Falmouth Yacht Club Inc significantly enhances the local community by promoting yachting and fostering camaraderie among its members. By maintaining a suitable clubhouse, it provides a welcoming space for social gatherings, which strengthens relationships among members, their families, and guests. This emphasis on good fellowship encourages community engagement and social interaction, contributing to a vibrant local culture.
The club’s activities promote recreation and outdoor activities, which not only enrich the members' lives but also enhance the allure of Falmouth as a destination for yachting enthusiasts. Through its commitment to yachting, the club supports local maritime traditions and encourages skill development in sailing and boating, thereby contributing to the area's economic and recreational landscape. Overall, Falmouth Yacht Club Inc plays a vital role in promoting an active and engaged community centered around the love of yachting.
This information is meant to be a general summary of Falmouth 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 2023.
- Investment Income: $39,998
- Program Service Revenue: $1,161,834
- Gross Receipts: $1,984,020
Assets and Liabilities:
- Total Assets: $2,847,825
- Total Liabilities: $1,255,487
- Net Assets: $1,592,338
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$938,586
SHIP STORE SALES
Revenue
$75,627
INTIATION FEES
Revenue
$65,320
FACILITY RENTAL CHARGE
Revenue
$27,966
BEACH AND WATERFRONT F
Revenue
$24,790
Organization Details
Founding Year
1990
Principal Officer
Cliff Long
Website
www.falmouthyachtclub.comNTEE Category
Code: N03 - Recreation
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