Overview
What is Beverly Yacht Club Inc?
Beverly Yacht Club Inc, situated in Marion, Massachusetts, is a nonprofit organization primarily dedicated to fostering a sense of camaraderie and promoting yachting among its members and yachting enthusiasts in the local area. With a team of 79 individuals, the club offers a range of services to its members and guests, including launch facilities, access to clubhouse facilities, and sponsorship in various yachting races. The club's main objective is to promote yachting and encourage good fellowship among its members, thereby enriching their yachting experiences.
Official website here: www.beverlyyachtclub.org
Is Beverly Yacht Club Inc legitimate?
Beverly Yacht Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Beverly 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: $150,399
Professional Fundraising Fees: $0
Other Salaries and Wages: $431,323
For more financial information, click here
Official website here: www.beverlyyachtclub.org
What is the mission statement of Beverly Yacht Club Inc?
The mission of Beverly Yacht Club Inc. is centered around fostering a sense of camaraderie among its members and promoting the passion for yachting. The club offers launch services, provides access to clubhouse facilities, and sponsors various yachting races for its members and guests, all with the aim of encouraging recreational yachting enthusiasts in the area.
Official website here: www.beverlyyachtclub.org
Who is the CEO of Beverly Yacht Club Inc?
Bill Vrattos is the Commodore of Beverly Yacht Club Inc.
Official website here: www.beverlyyachtclub.org
What is the revenue of Beverly Yacht Club Inc?
Beverly Yacht Club Inc's revenue in 2022 was $1,498,788.
Official website here: www.beverlyyachtclub.org
Who are the executives of Beverly Yacht Club Inc and what are their salaries?
The average compensation at Beverly Yacht Club Inc during 2022 was $7,364. There are 79 employees and 84 volunteers at Beverly Yacht Club Inc.
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- Compensation: $150,399
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Official website here: www.beverlyyachtclub.org
Where can I find the form 990 for Beverly Yacht Club Inc?
Beverly Yacht Club Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.beverlyyachtclub.org
Learn more at the official website: www.beverlyyachtclub.org
Mission Statement of Beverly Yacht Club Inc
Beverly Yacht Club Inc is dedicated to fostering a love for yachting and cultivating camaraderie among its members. The primary objective of this nonprofit organization is to promote yachting activities and enhance the social bond among its members. To achieve this, Beverly Yacht Club Inc offers a variety of services, including launch facilities, access to clubhouse amenities, and sponsorship in yachting races for both its members and guests. By providing these opportunities, the club encourages recreational yachting enthusiasts in the area to engage in yachting activities and share in the joy of the sport with others.
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Impact
October, 2024
Beverly Yacht Club Inc plays a significant role in fostering a vibrant yachting community in Marion, MA. By promoting yachting and cultivating strong fellowship among its members, the club enhances local recreational opportunities and engages enthusiasts in meaningful activities. The club provides essential services such as launch facilities and access to its clubhouse, which serve as hubs for social interaction and event organization. Additionally, the sponsorship of various yachting races contributes to a spirited competitive atmosphere, encouraging participation and camaraderie among members and guests alike. Through its activities, Beverly Yacht Club Inc not only enriches the experiences of its members but also supports the broader recreational yachting culture in the region.
This information is meant to be a general summary of Beverly 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: $4,090
- Program Service Revenue: $1,448,307
- Gross Receipts: $2,092,049
Assets and Liabilities:
- Total Assets: $1,912,624
- Total Liabilities: $94,680
- Net Assets: $1,817,944
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$1,030,030
OTHER DEPARTMENTAL INC
Revenue
$418,277
Organization Details
Founding Year
1872
Phone
(508) 748-0540Principal Officer
Bill Vrattos
Main Address
99 WATER STREET PO BOX 181, MARION, MA, 02738
Website
www.beverlyyachtclub.orgNTEE Category
Code: N50 - Recreation
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