Conanicut Yacht Club

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

EIN: 050123595 ✦ Jamestown, RI ✦ Designated as a 501(c)(7)

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Overview

What is Conanicut Yacht Club?

The Conanicut Yacht Club serves as a private, non-profit social club, situated beyond the scope of taxable revenues. Members of this club enjoy a variety of amenities, including a full-service restaurant, racquet sports facilities, and numerous sailing and boating activities. The club's mission is to offer its members a welcoming environment that fosters social interaction and enjoyment of marine-related activities.


Official website here: www.conanicutyachtclub.org

Is Conanicut Yacht Club legitimate?

Conanicut Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Conanicut 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.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,004,524

For more financial information, click here


Official website here: www.conanicutyachtclub.org

What is the mission statement of Conanicut Yacht Club?

The Conanicut Yacht Club serves as a private, non-profit social club, offering its members a full-service restaurant and facilities for racquet sports. Beyond these amenities, the club is also dedicated to sailing and boating activities. As a social club, it operates with tax-exempt status, providing its members with a diverse range of facilities and programs for their enjoyment.


Official website here: www.conanicutyachtclub.org

Who is the CEO of Conanicut Yacht Club?

Tor Holtan is the Commodore of Conanicut Yacht Club.


Official website here: www.conanicutyachtclub.org

What is the revenue of Conanicut Yacht Club?

Conanicut Yacht Club's revenue in 2022 was $1,991,884.


Official website here: www.conanicutyachtclub.org

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

The average compensation at Conanicut Yacht Club during 2022 was $15,454. There are 65 employees and 30 volunteers at Conanicut Yacht Club.


Here are 16 key members and their salaries:


Charley Beal (Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Betsy Moody (Vice Coomodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sally Schott (Rear Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Diane Gooding (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tor Holtan (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Frank A Pensa Md (Fleet Surgeon)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patrick Muldoon (Fleet Captain)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ken Brodin (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sheila Reilly (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Clay Boden (Former Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter Parsons (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Amy Smith (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tenley Van Der Wal (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kimberly Westcott (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Natalie Wright (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Enrico Coppola (Club Manager)
  • Compensation: $121,227
  • Related: $0
  • Other: $16,506


Official website here: www.conanicutyachtclub.org

Where can I find the form 990 for Conanicut Yacht Club?

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


Official website here: www.conanicutyachtclub.org

Learn more at the official website: www.conanicutyachtclub.org

Mission Statement of Conanicut Yacht Club

Conanicut Yacht Club, a private, non-profit social club, is dedicated to providing its members with a variety of facilities and activities. At its core, the club offers a full-service restaurant, catering to its members' culinary needs. Additionally, Conanicut Yacht Club houses a facility for racquet sports, allowing members to engage in popular games such as tennis and squash. Beyond these amenities, the club also focuses on sailing and boating activities, providing members with opportunities to enjoy the water and participate in nautical pursuits. Furthermore, as a non-profit organization, Conanicut Yacht Club enjoys tax-exempt status, contributing to its overall mission of offering members a comprehensive range of social and recreational activities.

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Impact




October, 2024

Conanicut Yacht Club significantly enhances the community of Jamestown, RI, by providing a hub for recreation and social interaction. With its diverse offerings, including a full-service restaurant and facilities for racquet sports, the club fosters a sense of camaraderie among its members. The emphasis on sailing and boating activities not only promotes water sports but also encourages environmental stewardship and awareness of local waterways.

Members benefit from a range of programs that enrich their lifestyle and promote healthy living. The club serves as a gathering place for families and individuals, strengthening community bonds through shared experiences and activities. By hosting events, the Conanicut Yacht Club contributes to local culture and tourism, making it a vital component of the region's social fabric.




This information is meant to be a general summary of Conanicut 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.

Revenue
$1,991,884 (2022)
Expenses
$2,050,525 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $4,980
  • Program Service Revenue: $1,350,909
  • Gross Receipts: $2,263,200

Assets and Liabilities:

  • Total Assets: $2,619,583
  • Total Liabilities: $986,004
  • Net Assets: $1,633,579

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Programs

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

MEMBERSHIP DUES

Revenue

$1,076,962

ASSESSMENTS

Revenue

$153,592

INITIATION FEES

Revenue

$120,355

Organization Details

Founding Year

1950

Principal Officer

Tor Holtan

Main Address

PO BOX 257, JAMESTOWN, RI, 02835

NTEE Category

Code: N50 - Recreation

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