Barnstable Yacht Club Inc

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

EIN: 042279364 ✦ Barnstable, MA ✦ Designated as a 501(c)(7)

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Overview

What is Barnstable Yacht Club Inc?

Barnstable Yacht Club Inc, located in Barnstable, Massachusetts, functions as a nonprofit organization primarily intended for the social and athletic interests of its members. The club provides a venue for various activities, including sailing and tennis, and organizes regattas and related social events. Additionally, the club offers training in these athletic activities to children, further enriching its offerings for its members. With a staff of 12 individuals, Barnstable Yacht Club Inc serves as a hub for its members to engage in recreational activities and build a sense of community.

Is Barnstable Yacht Club Inc legitimate?

Barnstable Yacht Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Barnstable 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: $59,791

For more financial information, click here

What is the mission statement of Barnstable Yacht Club Inc?

The Barnstable Yacht Club Inc serves as a social hub for its members, providing a venue for various club, social, and athletic activities. Sailing and tennis are among the primary pursuits, accompanied by related social events. The club places a significant emphasis on training for children in these athletic activities, offering them the same opportunities as adult members. The Barnstable Yacht Club Inc fosters member regattas and related social gatherings, catering to the socialization and athletic interests of its members.

Who is the CEO of Barnstable Yacht Club Inc?

Ted Hibben is the President of Barnstable Yacht Club Inc.

What is the revenue of Barnstable Yacht Club Inc?

Barnstable Yacht Club Inc's revenue in 2022 was $228,282.

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

The average compensation at Barnstable Yacht Club Inc during 2022 was $4,983. There are 12 employees at Barnstable Yacht Club Inc.


Here are 4 key members and their salaries:


John Field (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ted Hibben (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Susie Littlefield (Clerk)
  • Compensation: $0
  • Related: $0
  • Other: $0
Caroline Bassett (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Barnstable Yacht Club Inc?

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

Mission Statement of Barnstable Yacht Club Inc

Barnstable Yacht Club Inc, as a nonprofit organization, is primarily dedicated to serving its members by providing a venue for social and athletic activities. This esteemed club offers its members various opportunities to engage in recreational pursuits, such as sailing, tennis, and associated social events. Moreover, Barnstable Yacht Club Inc extends its training programs to children, enabling them to participate in the same athletic activities that are available to the club's members. In essence, the club's mission is to foster social interactions and athletic interests among its members, while also offering educational opportunities for the younger generation.

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Impact




October, 2024

Barnstable Yacht Club Inc fosters community engagement and social interaction among its members by providing a dedicated space for recreational and athletic activities. The club serves as a hub for socialization, offering facilities for sailing, tennis, and various events that promote camaraderie among its members.

In addition to recreational activities, the club emphasizes training for children, ensuring that the next generation develops skills in sports like sailing and tennis. This focus on youth involvement not only enhances athletic skills but also nurtures personal growth and teamwork among young members.

Through member regattas and social gatherings, Barnstable Yacht Club Inc creates a vibrant community atmosphere, enriching the lives of its participants and strengthening connections within the local area. The club's commitment to athletic pursuits and social interactions generates a sense of belonging and fosters a culture of shared experiences, making a significant positive impact on the community in Barnstable, MA.




This information is meant to be a general summary of Barnstable 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
$228,282 (2022)
Expenses
$264,482 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $14,422
  • Program Service Revenue: $213,860
  • Gross Receipts: $299,356

Assets and Liabilities:

  • Total Assets: $998,393
  • Total Liabilities: $4,950
  • Net Assets: $993,443

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Programs

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

DUES & INITIATION

Revenue

$172,244

LESSONS

Revenue

$15,790

BOAT STORAGE RENT

Revenue

$15,700

MEMBER FUNCTIONS

Revenue

$10,126

Organization Details

Founding Year

1925

Principal Officer

Ted Hibben

Main Address

PO BOX 83 - 154 BEALE WAY, BARNSTABLE, MA, 02630

NTEE Category

Code: N50 - Recreation

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