Marblehead Yacht Club Inc

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

EIN: 042222212 ✦ Marblehead, MA ✦ Designated as a 501(c)(7)

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Overview

What is Marblehead Yacht Club Inc?

Marblehead Yacht Club Inc, situated unspecified, is a nonprofit organization renowned for its commitment to boating enthusiasts. The club offers a variety of services, including launching facilities, a clubhouse for member use, and social events. Their programs are designed to promote boating skills through classes, fostering a sense of community among its members. The clubhouse serves as a hub for social activities, providing an opportunity for members to connect and engage.


Official website here: www.marbleheadyc.org

Is Marblehead Yacht Club Inc legitimate?

Marblehead Yacht Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Marblehead 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $151,863

For more financial information, click here


Official website here: www.marbleheadyc.org

What is the mission statement of Marblehead Yacht Club Inc?

The Marblehead Yacht Club Inc, in its mission, focuses on providing a variety of services and activities. It offers launch service, a clubhouse for member use, and organizes social events. Additionally, the club conducts classes on boating, aiming to cater to the interests and needs of its members. The club's activities are designed to foster a sense of community and promote boating skills among its members.


Official website here: www.marbleheadyc.org

Who is the CEO of Marblehead Yacht Club Inc?

James R Regis is the Clerk of Marblehead Yacht Club Inc.


Official website here: www.marbleheadyc.org

What is the revenue of Marblehead Yacht Club Inc?

Marblehead Yacht Club Inc's revenue in 2022 was $349,156.


Official website here: www.marbleheadyc.org

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

The average compensation at Marblehead Yacht Club Inc during 2022 was $10,124. There are 15 employees and 50 volunteers at Marblehead Yacht Club Inc.


Here are 10 key members and their salaries:


Patti O'Neil (Clerk)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Keyes (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Murray (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jane Clayton (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sam Bennett (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Williams (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Williams (President)
  • Compensation: $0
  • Related: $0
  • Other: $891
James Regis (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Weber (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marcel Nyffenegger (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.marbleheadyc.org

Where can I find the form 990 for Marblehead Yacht Club Inc?

Marblehead Yacht Club Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.marbleheadyc.org

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

Mission Statement of Marblehead Yacht Club Inc

Marblehead Yacht Club Inc, a renowned institution, is dedicated to providing a variety of services related to boating. Its primary mission involves offering launch services, ensuring members have access to a clubhouse, and hosting social events that cater to their interests. Moreover, the club provides classes aimed at enhancing boating skills, fostering a sense of community among its members. The clubhouse and facilities are available for member use, making it an ideal gathering place for social events. The club's commitment to boating extends beyond its services, as it seeks to foster a sense of camaraderie among its members through shared interests and experiences.

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Impact




October, 2024

Marblehead Yacht Club Inc significantly enhances the community by providing essential services and opportunities for boating enthusiasts. The club offers a reliable launch service, allowing members easy access to the water, which promotes recreational boating and fosters a love for maritime activities. Its clubhouse serves as a central hub for members, facilitating social interactions and community building among boating aficionados.

In addition to the launch services, the club organizes various social events that enrich the local culture and bring people together, creating a vibrant community atmosphere. The availability of classes on boating not only educates members but also encourages new participants to develop their skills and knowledge in sailing. This focus on education and engagement cultivates a passion for boating, ensuring the sustainability and growth of the sport in the area.

Overall, Marblehead Yacht Club Inc plays a pivotal role in enhancing the recreational opportunities within the Marblehead community, promoting social bonds, and supporting the development of boating skills among its members.




This information is meant to be a general summary of Marblehead 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.

Revenue
$349,156 (2022)
Expenses
$362,813 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $77
  • Program Service Revenue: $45,675
  • Gross Receipts: $349,156

Assets and Liabilities:

  • Total Assets: $254,763
  • Total Liabilities: $25,208
  • Net Assets: $229,555

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Programs

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

CLUB EVENTS

Revenue

$5,528

SALE ITEMS

Revenue

$5,355

DINGHY RINGS

Revenue

$2,000

KAYAK STORAGE

Revenue

$1,805

LOCKERS

Revenue

$420

Organization Details

Founding Year

1878

Principal Officer

James R Regis

Main Address

PO BOX 943, MARBLEHEAD, MA, 01945

NTEE Category

Code: N50 - Recreation

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