Megansett Yacht Club Inc

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

EIN: 042379327 ✦ North falmouth, MA ✦ Designated as a 501(c)(7)

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Overview

What is Megansett Yacht Club Inc?

Megansett Yacht Club Inc is a nonprofit organization that serves as a hub for social and recreational activities for its members and their families. It is committed to providing its community with pleasure and leisure experiences, fostering a sense of camaraderie and relaxation. The club's primary objective revolves around promoting social engagement and leisurely pursuits.

Is Megansett Yacht Club Inc legitimate?

Megansett Yacht Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Megansett 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: $91,664

For more financial information, click here

What is the mission statement of Megansett Yacht Club Inc?

The Megansett Yacht Club Inc's mission is centered around providing a setting for social and recreational activities. This non-profit organization offers a platform for its members and their families to engage in leisurely pursuits and foster a sense of community. By offering these opportunities, the club aims to enrich the lives of its members and contribute to their overall enjoyment. It serves as a hub for social interactions and recreational activities, offering an environment that encourages camaraderie and relaxation.

Who is the CEO of Megansett Yacht Club Inc?

Susan Mitchell is the Treasurer of Megansett Yacht Club Inc.

What is the revenue of Megansett Yacht Club Inc?

Megansett Yacht Club Inc's revenue in 2022 was $285,283.

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

The average compensation at Megansett Yacht Club Inc during 2022 was $2,696. There are 34 employees at Megansett Yacht Club Inc.


Here are 14 key members and their salaries:


William Cullinan (Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Naumes Jr (Vice-Commodo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jacqueline Arnold (Rear Commodo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Julie Whitney (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Susan Mitchell (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patrick Hurley Sr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ashley Lovell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sarah Macrae (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Katherine Hurley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Starck (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Crowley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jay Mahoney (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Bonzagni (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lauren Sutter (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Megansett Yacht Club Inc?

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

Mission Statement of Megansett Yacht Club Inc

Megansett Yacht Club Inc is dedicated to providing a setting where its members and their families can engage in social and recreational activities. The organization's mission is centered around fostering enjoyment and leisure, offering an atmosphere that caters to the interests of its members. By offering a variety of activities, Megansett Yacht Club Inc strives to create a welcoming environment where its members can relax, socialize, and partake in leisure pursuits, thus promoting a sense of camaraderie and shared experiences.

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Impact




October, 2024

Megansett Yacht Club Inc significantly enhances the community's social fabric by fostering a vibrant environment for social and recreational activities. Located in North Falmouth, MA, the club serves as a gathering point for members and their families, promoting engagement and connection among individuals with shared interests. By providing facilities and organizing events focused on leisure and pleasure, the club enriches the lives of its members, encourages a sense of belonging, and contributes to the overall vitality of the local community. The emphasis on social interaction and recreation cultivates lasting friendships and provides a space for families to come together, ultimately leading to a stronger, more interconnected community.




This information is meant to be a general summary of Megansett 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
$285,283 (2022)
Expenses
$332,589 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $89
  • Program Service Revenue: $109,958
  • Gross Receipts: $285,283

Assets and Liabilities:

  • Total Assets: $471,384
  • Total Liabilities: $91,768
  • Net Assets: $379,616

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Programs

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

FUNCTION INCOME

Revenue

$82,425

SAILING PROGRAM INCOME

Revenue

$27,533

Organization Details

Founding Year

1933

Principal Officer

Susan Mitchell

Main Address

237 COUNTY ROAD PO BOX 1472, NORTH FALMOUTH, MA, 02556

NTEE Category

Code: N50 - Recreation

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