Overview
What is Ipswich Bay Yacht Club?
The Ipswich Bay Yacht Club is a nonprofit organization located in Ipswich, Massachusetts. With a team of 58 dedicated individuals, its primary focus is on providing enjoyable boating experiences for its members. The club offers various waterfront services, such as launch services for boats, dinghy storage space, locker storage, and the sale of gasoline, oil, and ice for member vessels. The Ipswich Bay Yacht Club operates as a social and recreational boating club, providing a platform for its members to engage in boating activities. Its mission is to offer yacht club facilities for its members to enjoy.
Official website here: www.ibyc.org
Is Ipswich Bay Yacht Club legitimate?
Ipswich Bay Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Ipswich Bay Yacht Club 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.
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Official website here: www.ibyc.org
What is the mission statement of Ipswich Bay Yacht Club?
The Ipswich Bay Yacht Club's mission is centered around providing yacht club facilities for its members. This mission is achieved by offering a range of waterfront services to its members. These services include launching boats to and from the water, providing dinghy storage space and locker storage, selling essentials like gasoline, oil, and ice for member boats. The organization's primary goal is to cater to the recreational boating needs of its members.
Official website here: www.ibyc.org
What is the revenue of Ipswich Bay Yacht Club?
Ipswich Bay Yacht Club's revenue in 2023 was $959,621.
Official website here: www.ibyc.org
Who are the executives of Ipswich Bay Yacht Club and what are their salaries?
The average compensation at Ipswich Bay Yacht Club during 2023 was $5,102. There are 50 employees at Ipswich Bay Yacht Club.
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Official website here: www.ibyc.org
Where can I find the form 990 for Ipswich Bay Yacht Club?
Ipswich Bay Yacht Club's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.ibyc.org
Learn more at the official website: www.ibyc.org
Mission Statement of Ipswich Bay Yacht Club
The Ipswich Bay Yacht Club's mission is centered around providing yacht club facilities for its members. This organization strives to cater to the social and recreational boating needs of its members, offering a range of waterfront services. These services encompass launching members' boats to and from the water, providing dinghy storage space, locker storage, and even selling essentials such as gasoline, oil, and ice for member boats. The Ipswich Bay Yacht Club's mission is essentially about creating an environment that caters to the boating needs and comforts of its members.
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Impact
October, 2024
Ipswich Bay Yacht Club plays a significant role in the Ipswich community by providing essential waterfront services that enhance the boating experience for its members. Through launch services, members can seamlessly access their boats, promoting a vibrant boating culture in the area. The availability of dinghy storage and locker storage ensures that recreational boating enthusiasts have a convenient and organized way to manage their equipment. Additionally, the sale of gasoline, oil, and ice for member boats further supports their boating adventures. By fostering a sense of community among members who share a passion for sailing and recreational boating, Ipswich Bay Yacht Club enriches the local lifestyle while promoting outdoor activities along the scenic waterfront.
This information is meant to be a general summary of Ipswich Bay Yacht Club. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $21,162
- Program Service Revenue: $839,144
- Gross Receipts: $1,300,931
Assets and Liabilities:
- Total Assets: $1,690,018
- Total Liabilities: $0
- Net Assets: $1,690,018
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES & ASSE
Revenue
$802,845
BOAT & MOORING STORAGE
Revenue
$36,299
Organization Details
Founding Year
1941
Principal Officer
Edward Andrew Nagus
Website
www.ibyc.orgNTEE Category
Code: N50 - Recreation
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