Charles River Yacht Club Inc

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

EIN: 042401785 ✦ Cambridge, MA ✦ Designated as a 501(c)(7)

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Overview

What is Charles River Yacht Club Inc?

Charles River Yacht Club Inc, located in Cambridge, Massachusetts, is a nonprofit organization with a mission to offer its members engaging boating experiences while fostering the improvement of their nautical skills. Serving as a social hub and a community base, the club provides ample opportunities for its members to enhance their boating abilities. Beyond its members, the club also contributes to the local community through related services. With a team of six dedicated individuals, the Charles River Yacht Club Inc continues to promote boating activities and camaraderie within its membership.


Official website here: www.charlesriveryachtclub.com

Is Charles River Yacht Club Inc legitimate?

Charles River Yacht Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Charles River 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: $50,174

For more financial information, click here


Official website here: www.charlesriveryachtclub.com

What is the mission statement of Charles River Yacht Club Inc?

The Charles River Yacht Club Inc serves as a platform for its members, offering them ample opportunities for boating and fostering the enhancement of their nautical skills. It functions as a social hub and a base for related community services. The club's mission is multifaceted, aiming to provide a space for recreation, skill development, and social interaction, while also contributing to community initiatives related to boating.


Official website here: www.charlesriveryachtclub.com

Who is the CEO of Charles River Yacht Club Inc?

Mark Nardone is the President of Charles River Yacht Club Inc.


Official website here: www.charlesriveryachtclub.com

What is the revenue of Charles River Yacht Club Inc?

Charles River Yacht Club Inc's revenue in 2022 was $224,932.


Official website here: www.charlesriveryachtclub.com

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

The average compensation at Charles River Yacht Club Inc during 2022 was $8,362. There are 6 employees at Charles River Yacht Club Inc.


Here are 8 key members and their salaries:


Mark Nardone (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jack Mcquade (Vice Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steven Horan (Rear Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Raoul Binette (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anthony Dedominicis (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Curry (Director One Year)
  • Compensation: $0
  • Related: $0
  • Other: $0
Frank Sutula (Director Two Year)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chuck Mabardy (Jr Past Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.charlesriveryachtclub.com

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

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


Official website here: www.charlesriveryachtclub.com

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

Mission Statement of Charles River Yacht Club Inc

Charles River Yacht Club Inc, as a nonprofit organization, is committed to providing its members with ample opportunities for boating and fostering the advancement of their nautical skills. Serving as a social hub and a base for related community services, the club offers a platform for its members to enhance their boating abilities and engage in a vibrant community. By offering these facilities, Charles River Yacht Club Inc aims to cater to its members' boating needs and promote the development of their nautical skills. Additionally, the club functions as a community service center, providing a base for various boat-related activities and fostering a sense of camaraderie among its members.

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Impact




October, 2024

Charles River Yacht Club Inc significantly enriches the Cambridge community by offering its members opportunities for boating and enhancing their nautical skills. This focus on skill development promotes not only individual growth but also fosters a love for water-based activities.

Additionally, the club acts as a vital social hub, bringing together members who share a passion for sailing and boating, thereby strengthening community bonds and creating lasting friendships. Through various related community services, the club also contributes to the local culture, enhancing recreational options in the area and encouraging a healthy, active lifestyle among its participants. The overall impact is one of collaboration, skill-building, and community engagement, making it a cornerstone of social and recreational life in Cambridge, MA.




This information is meant to be a general summary of Charles River 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
$224,932 (2022)
Expenses
$278,341 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $82
  • Program Service Revenue: $226,196
  • Gross Receipts: $228,535

Assets and Liabilities:

  • Total Assets: $1,178,558
  • Total Liabilities: $15,478
  • Net Assets: $1,163,080

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Programs

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

MEMBERSHIP DUES AND FE

Revenue

$226,196

Organization Details

Founding Year

1968

Principal Officer

Mark Nardone

Main Address

PO BOX 426031, CAMBRIDGE, MA, 021427000

NTEE Category

Code: N50 - Recreation

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