Salem Willows Yacht Club

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

EIN: 042260694 ✦ Beverly, MA ✦ Designated as a 501(c)(7)

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Overview

What is Salem Willows Yacht Club?

The Salem Willows Yacht Club is a nonprofit organization situated with the primary goal of offering its members a conducive environment for socializing and enjoying boating activities. By providing necessary facilities and ocean access, the club enables its members to engage in various boating-related activities, fostering a sense of recreation and camaraderie. The club's mission encompasses offering social and recreational facilities, providing water access, and enabling members to enjoy boating and sailing experiences.


Official website here: www.swyc.com

Is Salem Willows Yacht Club legitimate?

Salem Willows Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Salem Willows Yacht Club submitted a form 990EZ, 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.


Official website here: www.swyc.com

What is the mission statement of Salem Willows Yacht Club?

The Salem Willows Yacht Club's mission is primarily focused on providing facilities and events for its members, enabling them to socialize and engage in boating-related activities. The club's exempt purposes include offering its members the chance to utilize the club's facilities and ocean access for boating activities. The mission extends to providing social and recreational facilities and functions related to boating and sailing. The club also provides water access and facilities, enabling its members to enjoy boating and sailing experiences.


Official website here: www.swyc.com

Who is the CEO of Salem Willows Yacht Club?

Joseph Collins is the Treasurer of Salem Willows Yacht Club.


Official website here: www.swyc.com

What is the revenue of Salem Willows Yacht Club?

Salem Willows Yacht Club's revenue in 2022 was $101,227.


Official website here: www.swyc.com

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


Here are 6 key members and their salaries:


Rich Mcglynn (Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Frank Harrington (Vice-Commodo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Bonzagni (Rear Commodo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Collins (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Chadwick (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leigh Baines (Financial Se)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.swyc.com

Where can I find the form 990EZ for Salem Willows Yacht Club?

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


Official website here: www.swyc.com

Learn more at the official website: www.swyc.com

Mission Statement of Salem Willows Yacht Club

The Salem Willows Yacht Club, in its mission, aims to provide a platform for its members to socialize and engage in boating-related activities. The exempt purpose of this esteemed organization is to offer its members the chance to utilize the club's facilities and ocean access for both boating and recreational activities. The Salem Willows Yacht Club serves to cater to the desire of its members to enjoy water activities, providing them with the necessary water access and facilities. The club's mission is centered around promoting boating and sailing activities, fostering a sense of camaraderie and enjoyment among its members.

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Impact




October, 2024

Salem Willows Yacht Club significantly enhances the community by fostering social connections and promoting an active lifestyle centered around boating and water-related activities. Its facilities provide members with essential access to the ocean, enabling them to engage in various boating and sailing pursuits. This not only nurtures camaraderie among members but also enriches the local culture through events and recreational activities.

Located in Beverly, MA, the Yacht Club serves as a hub for social interaction, bringing together individuals who share a passion for the water. The organized events and functions facilitate networking and friendship, contributing to a strong community spirit. By offering a welcoming environment for boating enthusiasts, the club plays a vital role in encouraging a healthy and active outdoor lifestyle, ultimately enhancing the overall quality of life for its members and the surrounding area.




This information is meant to be a general summary of Salem Willows 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
$101,227 (2022)
Expenses
$87,296 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $146
  • Program Service Revenue: $4,831
  • Gross Receipts: $101,227

Assets and Liabilities:

  • Total Assets: $32,617
  • Total Liabilities: $0
  • Net Assets: $32,617

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Organization Details

Principal Officer

Joseph Collins

Main Address

22 NELSON AVE, BEVERLY, MA, 01915

NTEE Category

Code: N50 - Recreation

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