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Newton Yacht Club

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

EIN: 042235576 ✦ Newton, MA ✦ Designated as a 501(c)(7)

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Overview

What is Newton Yacht Club?

The Newton Yacht Club is a nonprofit organization dedicated to fostering a love for yachting among both adults and minors, emphasizing safety in boating and adherence to the rules of the waterways. As a social membership, it serves as a community for boaters, promoting safe boating practices and camaraderie on the waters. The club's mission is multifaceted, encompassing the promotion of yachting activities and ensuring the well-being of its members while navigating waterways.

Is Newton Yacht Club legitimate?

Newton Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Newton 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: $11,233

For more financial information, click here

What is the mission statement of Newton Yacht Club?

The Newton Yacht Club serves as a social community for boaters, with its primary mission being the promotion of yachting among both adults and minors. Emphasis is placed on ensuring safety in boating and adherence to the rules of the waterways. This organization aims to foster a safe and regulated boating environment, fostering camaraderie within its membership.

Who is the CEO of Newton Yacht Club?

Edward J Newbould Jr is the Commodore of Newton Yacht Club.

What is the revenue of Newton Yacht Club?

Newton Yacht Club's revenue in 2022 was $194,495.

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

The average compensation at Newton Yacht Club during 2022 was $11,233. There is 1 employee at Newton Yacht Club.


Here are 6 key members and their salaries:


Tom Smith (Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pc Edward J Newbould Jr (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nathan Thorner (Vice Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Darryn Carroll (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Noble (Rear Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Darryn Carroll (Fleet Captain)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Newton Yacht Club?

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

Mission Statement of Newton Yacht Club

Newton Yacht Club, as a social membership of boaters, is committed to advocating for boating and ensuring safety on the waters. The organization's primary purpose is to promote yachting among both adults and minors, emphasizing the importance of adhering to safety protocols and the rules of the waterways. By fostering a community of boaters, Newton Yacht Club aims to encourage responsible boating practices, thereby enhancing the overall boating experience for its members.

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Impact




October, 2024

Newton Yacht Club fosters a vibrant community of boaters dedicated to promoting safe boating practices and enhancing the enjoyment of yachting among its members. By focusing on education around safety and the rules of the waterways, the club empowers both adults and minors to engage responsibly with the marine environment. Through its social membership model, the club encourages camaraderie among boating enthusiasts in Newton, MA, creating a supportive network that enriches the recreational experience. This emphasis on community and safety not only enhances individual skills but also strengthens overall boating culture in the region.




This information is meant to be a general summary of Newton 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
$194,495 (2022)
Expenses
$207,618 (2022)
Efficiency

Other financial information:

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

  • Program Service Revenue: $194,495
  • Gross Receipts: $194,495

Assets and Liabilities:

  • Total Assets: $54,876
  • Total Liabilities: $0
  • Net Assets: $54,876

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Programs

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

CLUB OPERATIONS MAINTENANCE

Revenue

$18,700

ENTERTAINMENT AND ADMINISTRATION

Revenue

$154,590

GASOLINE OIL

Revenue

$21,205

Organization Details

Founding Year

1955

Principal Officer

Edward J Newbould Jr

Main Address

PO BOX 95071, NEWTON, MA, 02495

NTEE Category

Code: N50 - Recreation

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