Overview
What is The Old Colony Yacht Club?
The Old Colony Yacht Club is a nonprofit organization situated in Dorchester, Massachusetts. Its primary purpose is to foster and stimulate interest in sailing, rowing, yachting, nautical science, and social interaction. Members actively participate in these activities within the club's premises. The club's mission is to serve as a hub for enthusiasts to engage in these nautical pursuits and enjoy social gatherings.
Is The Old Colony Yacht Club legitimate?
The Old Colony Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. The Old Colony 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $151,176
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What is the mission statement of The Old Colony Yacht Club?
The Old Colony Yacht Club's mission is centered around promoting and fostering an interest in sailing, rowing, yachting, and nautical science. As part of its mission, the club encourages its members to actively participate in these activities. Furthermore, social meetings are also a significant part of the club's mission, offering a platform for members to engage and interact with one another. The club, situated in an undisclosed location, serves as a hub for these activities, providing its members with an opportunity to engage in their shared passion for nautical pursuits.
What is the revenue of The Old Colony Yacht Club?
The Old Colony Yacht Club's revenue in 2023 was $588,343.
Who are the executives of The Old Colony Yacht Club and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for The Old Colony Yacht Club?
The Old Colony Yacht Club's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of The Old Colony Yacht Club
The Old Colony Yacht Club, as an organization, is dedicated to fostering and encouraging various maritime pursuits. Its primary mission encompasses promoting sailing, rowing, yachting, and the study of nautical science. Beyond these technical activities, the club also encourages social interactions among its members. Members of The Old Colony Yacht Club actively engage in these activities within the club's premises, contributing to a vibrant and nautically-focused community.
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Impact
October, 2024
The Old Colony Yacht Club has a significant impact on the local community by fostering a love for water-based activities such as sailing, rowing, and yachting. Situated in Dorchester, MA, the club serves as a vibrant hub for nautical science and recreational social gatherings, bringing together enthusiasts of all ages. By organizing various events and activities, the club enhances community engagement, promotes teamwork, and offers valuable opportunities for skill development in maritime pursuits. Additionally, it contributes to the local economy by attracting visitors and encouraging the use of local resources. Overall, the Old Colony Yacht Club plays a vital role in enriching the cultural and recreational landscape of Dorchester through its commitment to water sports and community involvement.
This information is meant to be a general summary of The Old Colony 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $21
- Program Service Revenue: $461,852
- Gross Receipts: $811,054
Assets and Liabilities:
- Total Assets: $425,148
- Total Liabilities: $207,934
- Net Assets: $217,214
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP SERVICE
Revenue
$457,813
MARINA SERVICES
Revenue
$3,384
FUNCTION INCOME
Revenue
$655
Organization Details
Founding Year
1952
Principal Officer
Hugh O'Neill
NTEE Category
Code: N03 - Recreation
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