Annisquam Yacht Club

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

EIN: 042086219 ✦ Gloucester, MA ✦ Designated as a 501(c)(7)

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Overview

What is Annisquam Yacht Club?

Annisquam Yacht Club, located at 17 River Road, Gloucester, MA 01930, is a nonprofit organization dedicated to fostering boating activities. They accomplish this by maintaining a marina, a mooring field, and a launch boat, providing members with convenient access to the water. In addition to boating, the club also offers tennis and various social events, aiming to promote an active and sociable community. The organization's mission is to encourage boating, tennis, and other athletic activities while providing the necessary facilities, such as clubhouses, docks, moorings, tennis courts, and more, to support these pursuits. Annisquam Yacht Club currently employs 56 individuals.


Official website here: www.annisquamyc.org

What do the Facebook reviews say about Annisquam Yacht Club?

It seems that Annisquam Yacht Club has a small but positive presence on Facebook, with all four reviews indicating that users feel a sense of belonging at the club. The sentiments expressed reflect a warm atmosphere, suggesting that members consider the club as a welcoming community.

Even though the reviews are limited, the fact that each reviewer recommends the yacht club points to a strong appreciation for the environment and services offered. This suggests that the club successfully meets the expectations of its members.

Overall, the indication is that Annisquam Yacht Club creates a positive experience for its members, making it a place that individuals feel proud to be associated with.


This AI summary has been generated from reviews found on Facebook.

Is Annisquam Yacht Club legitimate?

Annisquam Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Annisquam 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: $484,825

For more financial information, click here


Official website here: www.annisquamyc.org

What is the mission statement of Annisquam Yacht Club?

The Annisquam Yacht Club's mission is centered around encouraging boating, tennis, and other athletic activities. Moreover, it aims to promote social activities and provide the necessary conveniences of a clubhouse, docks, mooring, tennis courts, and other related facilities. The club supports boating activities by maintaining a marina, mooring field, and launch boat. In essence, the Annisquam Yacht Club serves to foster a community that enjoys various sports and social events, offering its members a range of amenities.


Official website here: www.annisquamyc.org

What is the revenue of Annisquam Yacht Club?

Annisquam Yacht Club's revenue in 2023 was $1,517,966.


Official website here: www.annisquamyc.org

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

The average compensation at Annisquam Yacht Club during 2023 was $8,658. There are 56 employees at Annisquam Yacht Club.

Here are 6 key members and their salaries:


Peter Yung (Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chapin Mechen (Rear Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeffrey Murphy (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Margaret Allard (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Andrew (Vice Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nate Cunningham (Club Manager)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.annisquamyc.org

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

Annisquam Yacht Club's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.annisquamyc.org

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

Mission Statement of Annisquam Yacht Club

The Annisquam Yacht Club, established with a mission to encourage boating, tennis, and other athletic activities, aims to promote social engagement as well. To fulfill this purpose, the club provides necessary conveniences such as a clubhouse, docks, mooring, tennis courts, and other facilities. The boating activities at Annisquam Yacht Club are supported by maintaining a marina, a mooring field, and a launch boat. This nonprofit organization's mission is to create an environment that fosters enjoyable water sports and social interactions among its members.

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Impact




October, 2024

Annisquam Yacht Club significantly enhances the community by providing a vibrant hub for recreational activities such as boating, tennis, and social events in Gloucester, Massachusetts. By maintaining a marina, mooring field, and launch boat, the club supports a thriving boating culture that encourages participation in water sports and fosters a love of the sea.

The club's mission to promote athletic activities extends to well-maintained tennis courts, facilitating both competitive and recreational play. Additionally, the social events organized by the club create a strong sense of community, bringing people together and fostering relationships among members and their families.

With essential facilities, including a clubhouse, docks, and various sporting amenities, Annisquam Yacht Club not only serves as a physical space for leisure but also as a catalyst for social interaction and community building. The club's focus on recreation enriches the lives of its members while contributing to the overall vitality of the Gloucester area.




This information is meant to be a general summary of Annisquam 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
$1,517,966 (2023)
Expenses
$1,152,282 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $36,753
  • Program Service Revenue: $1,586,909
  • Gross Receipts: $2,088,643

Assets and Liabilities:

  • Total Assets: $3,551,651
  • Total Liabilities: $22,161
  • Net Assets: $3,529,490

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Programs

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

JUNIOR PROGRAM

Revenue

$173,943

MARINA AND BOAT FEES

Revenue

$14,590

MARINA AND BOAT FEES

Revenue

$239,115

MEMBERSHIP DUES

Revenue

$1,135,718

MERCHANDISE

Revenue

$18,278

Organization Details

Founding Year

1896

Principal Officer

Jeffrey Murphy

NTEE Category

Code: N50 - Recreation

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