King Philip Yacht Club Inc

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

EIN: 042994234 ✦ Somerset, MA ✦ Designated as a 501(c)(7)

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Overview

What is King Philip Yacht Club Inc?

King Philip Yacht Club Inc, situated in Fall River, Massachusetts, is a nonprofit organization with a mission to ensure the safety of the boating community, preserve the coastline, and foster social enjoyment among its members. Established at 1 Club Street, the club operates with the primary goal of promoting the well-being and camaraderie of its yachting members. The organization's activities encompass various initiatives aimed at coastal preservation and community safety.

Is King Philip Yacht Club Inc legitimate?

King Philip Yacht Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. King Philip 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 King Philip Yacht Club Inc?

The King Philip Yacht Club Inc's mission is centered around promoting safety in the boating community, preserving the coastline, and fostering social enjoyment within its membership. By prioritizing safety, the club aims to ensure a secure environment for its members who engage in boating activities. The preservation of the coastline is another key aspect of their mission, demonstrating a commitment to environmental conservation. Lastly, the club strives to provide a social platform for its members, encouraging camaraderie and enjoyment amongst its members.

What is the revenue of King Philip Yacht Club Inc?

King Philip Yacht Club Inc's revenue in 2023 was $85,193.

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

Here are 5 key members and their salaries:


John Carvalho (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sam Demello (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Liete (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Ferreira (Treasurer/Se)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Lavoie (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for King Philip Yacht Club Inc?

King Philip Yacht Club Inc's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of King Philip Yacht Club Inc

King Philip Yacht Club Inc, a notable organization, is dedicated to promoting several key aspects within its community. Its primary mission revolves around ensuring the safety of the boating community, preserving the coastline, and fostering social enjoyment among its members. By prioritizing safety, the club strives to create a secure environment for boaters, potentially through educational programs or safety guidelines.

In addition to safety, King Philip Yacht Club Inc is committed to preserving the coastline. This initiative could involve advocating for environmental conservation efforts, educating its members about responsible boating practices, or participating in cleanup activities to maintain the health of coastal ecosystems. Lastly, the club seeks to provide its members with social enjoyment, which could include hosting events, organizing outings, or creating opportunities for camaraderie within the boating community. Overall, King Philip Yacht Club Inc's mission is to enhance the boating experience for its members while also contributing to the preservation of the coastal environment.

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Impact




October, 2024

King Philip Yacht Club Inc plays a vital role in enhancing the local boating community through its commitment to safety, coastal preservation, and social enjoyment. By promoting safe boating practices, it ensures a secure environment for recreational enthusiasts and fosters a culture of responsibility among its members.

Additionally, the club actively advocates for the preservation of the coastline, which contributes to the protection of the local ecosystem, supports biodiversity, and enhances the natural beauty of the region. This dedication helps to maintain a healthy environment for both current and future generations.

The social aspect of the club also strengthens community ties, offering a space for members to come together, share experiences, and build lasting relationships. This combination of safety, environmental stewardship, and community engagement underscores the significant impact of King Philip Yacht Club Inc on Fall River, MA, and the surrounding areas.




This information is meant to be a general summary of King Philip 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
$85,193 (2023)
Expenses
$85,023 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $1
  • Program Service Revenue: $58,092
  • Gross Receipts: $85,193

Assets and Liabilities:

  • Total Assets: $38,475
  • Total Liabilities: $0
  • Net Assets: $38,475

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Programs

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

MEMBER MEALS & EVENTS

Revenue

$58,092

Organization Details

Founding Year

1987

Principal Officer

David Lavoie

NTEE Category

Code: N03 - Recreation

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