Mystic Wellington Yacht Club Inc

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

EIN: 042520766 ✦ Medford, MA ✦ Designated as a 501(c)(7)

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Overview

What is Mystic Wellington Yacht Club Inc?

Mystic Wellington Yacht Club Inc is a nonprofit organization dedicated to fostering an interest in yachting. By promoting and educating its members, their families, and guests, the club aims to offer engaging recreational yachting experiences and social activities. The club's offerings include a Members Yachting Facility and various programs designed to cater to the leisure and social needs of its members.

Is Mystic Wellington Yacht Club Inc legitimate?

Mystic Wellington Yacht Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Mystic Wellington 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: $0

For more financial information, click here

What is the mission statement of Mystic Wellington Yacht Club Inc?

The Mystic Wellington Yacht Club Inc, as stated in its mission, is dedicated to promoting yachting and providing its members, their families, and guests with enjoyable recreational yachting activities and social events. The club's mission also includes teaching yachting skills, as evidenced by its programs, such as the Members Yachting Facility and Club. The club aims to foster a community where yachting enthusiasts can engage in shared experiences and learning opportunities.

Who is the CEO of Mystic Wellington Yacht Club Inc?

Harold Kepnes is the Commodore of Mystic Wellington Yacht Club Inc.

What is the revenue of Mystic Wellington Yacht Club Inc?

Mystic Wellington Yacht Club Inc's revenue in 2022 was $201,985.

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


Here are 8 key members and their salaries:


Joe Digirolamo (Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ted Chisholm (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Harold Kepnes (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Shaw (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Driscoll (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Guy Leone (Rear Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Moran (Vice Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ben Ercolini (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Mystic Wellington Yacht Club Inc?

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

Mission Statement of Mystic Wellington Yacht Club Inc

Mystic Wellington Yacht Club Inc, as a renowned nonprofit organization, is dedicated to promoting and teaching yachting. Its primary mission is to cater to its members, their families, and guests by offering them engaging recreational yachting activities and social events. The club plays a significant role in fostering a love for yachting among its community, thereby providing them with an enriching and enjoyable experience. In addition to promoting yachting, Mystic Wellington Yacht Club Inc also offers various programs, such as the Members Yachting Facility and Club, which further enhance the recreational experiences for its members. The club's mission is to create an environment where individuals can enjoy the thrill of yachting while also fostering a sense of camaraderie and community among its members.

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Impact




October, 2024

Mystic Wellington Yacht Club Inc plays a significant role in enriching the recreational yachting community in Medford, MA. By promoting and teaching yachting, the club fosters a vibrant environment for enthusiasts of all ages, encouraging skill development and lifelong learning in the sport. Its programs create opportunities for members, their families, and guests to engage in social activities, strengthening community ties and friendships.

The club's Members Yachting Facility serves as a hub for recreational boating, offering access to resources that enhance the yachting experience. Through its various activities, Mystic Wellington Yacht Club contributes to the local economy by attracting visitors and supporting related businesses in the area. Overall, the club not only cultivates a love for yachting but also supports a sense of belonging and community among its members.




This information is meant to be a general summary of Mystic Wellington 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
$201,985 (2022)
Expenses
$245,734 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $96
  • Program Service Revenue: $136,463
  • Gross Receipts: $201,985

Assets and Liabilities:

  • Total Assets: $330,504
  • Total Liabilities: $37,548
  • Net Assets: $292,956

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Programs

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

Boat Storage FeesMembers

Revenue

$59,144

Boat FuelMembers

Revenue

$19,195

Work Hours and miscellaneous Members

Revenue

$4,200

Micellaneous member fees and charges

Revenue

$53,924

Organization Details

Founding Year

1971

Principal Officer

Harold Kepnes

Main Address

451 Fellsway Rear PO Box 235, Medford, MA, 02155

NTEE Category

Code: N50 - Recreation

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