Overview
What is Edgewood Yacht Club?
Edgewood Yacht Club is a nonprofit organization situated in Cranston, Rhode Island, specifically at One Shaw Ave. Their primary mission is to cater to their members, offering them dockage and anchorage for their boats. This service is complemented by various related facilities, making it an ideal hub for yacht enthusiasts. With a dedicated workforce of 29 individuals, the club operates with the objective of providing a conducive environment for its members, fostering a sense of community within the yachting community.
Is Edgewood Yacht Club legitimate?
Edgewood Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Edgewood 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: $135,339
For more financial information, click here
What is the mission statement of Edgewood Yacht Club?
The Edgewood Yacht Club operates as a non-profit entity, primarily serving its members. Its mission is to offer dockage and anchorage facilities for member's boats and provide related services. The club's primary objective is to operate as a hub for its members, ensuring they have adequate space for their watercraft and related amenities.
What is the revenue of Edgewood Yacht Club?
Edgewood Yacht Club's revenue in 2023 was $534,925.
Who are the executives of Edgewood Yacht Club and what are their salaries?
The average compensation at Edgewood Yacht Club during 2023 was $4,366. There are 31 employees and 100 volunteers at Edgewood Yacht Club.
Here are 16 key members and their salaries:
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Where can I find the form 990 for Edgewood Yacht Club?
Edgewood Yacht Club's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Edgewood Yacht Club
Edgewood Yacht Club is committed to operating as a non-profit organization, serving its members by providing dockage and anchorage for their boats. This mission extends to offering related services, ensuring that members can fully enjoy their yachting experiences. The club's primary focus is on catering to its members, providing them with a conducive environment for their yachting activities.
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Impact
October, 2024
Edgewood Yacht Club plays a significant role in the local community by fostering recreational opportunities and enhancing the maritime experience for its members. By providing essential dockage and anchorage services, the club not only facilitates boating activities but also encourages a sense of camaraderie among members who share a passion for water sports and sailing. The club's facilities promote environmental stewardship and an appreciation for Rhode Island's coastal resources, contributing to the preservation of local marine ecosystems. Additionally, Edgewood Yacht Club serves as a hub for community events and activities, further strengthening social ties and enriching the quality of life in Cranston and surrounding areas. Through its commitment to enhancing the boating experience, the club impacts both individuals and the wider community by promoting recreational engagement and fostering a love for the water.
This information is meant to be a general summary of Edgewood 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: $4,496
- Program Service Revenue: $303,839
- Gross Receipts: $560,075
Assets and Liabilities:
- Total Assets: $1,673,906
- Total Liabilities: $837,987
- Net Assets: $835,919
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DOCKS, SLIPS & MOORING
Revenue
$214,919
FOOD/BAR SALES - MEMBE
Revenue
$68,863
HALL RENTAL - MEMBERS
Revenue
$12,445
RACING INCOME-MEMBERS
Revenue
$6,710
SOCIAL EVENTS - MEMBER
Revenue
$902
Organization Details
Founding Year
1902
Principal Officer
Michael Weaver
NTEE Category
Code: N50 - Recreation
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