Overview
What is Ida Lewis Yacht Club?
The Ida Lewis Yacht Club, located in Newport, Rhode Island (PO Box 479), is a nonprofit organization that primarily focuses on operating its dining, recreational, and entertainment facilities. Beyond this, the club is deeply committed to preserving the Lime Rock Lighthouse and promoting excellence in yachting and yacht racing. This commitment is underpinned by a strong emphasis on traditions, sportsmanship, education, and camaraderie. The organization's mission is to foster a sense of community within these realms, encouraging a spirit of shared enjoyment and learning.
Official website here: www.ilyc.org
Is Ida Lewis Yacht Club legitimate?
Ida Lewis Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Ida Lewis 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: $478,568
For more financial information, click here
Official website here: www.ilyc.org
What is the mission statement of Ida Lewis Yacht Club?
The Ida Lewis Yacht Club's mission is centered around preserving the Lime Rock Lighthouse and promoting excellence in yachting and yacht racing. They emphasize traditional values, sportsmanship, education, and camaraderie in their activities. The club's objectives extend beyond sailing, focusing on fostering a friendly and supportive environment. They operate dining, recreational, and entertainment facilities, further enhancing the overall experience for its members.
Official website here: www.ilyc.org
What is the revenue of Ida Lewis Yacht Club?
Ida Lewis Yacht Club's revenue in 2023 was $1,242,358.
Official website here: www.ilyc.org
Who are the executives of Ida Lewis Yacht Club and what are their salaries?
Here are 5 key members and their salaries:
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Official website here: www.ilyc.org
Where can I find the form 990 for Ida Lewis Yacht Club?
Ida Lewis Yacht Club's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.ilyc.org
Learn more at the official website: www.ilyc.org
Mission Statement of Ida Lewis Yacht Club
Ida Lewis Yacht Club, a renowned organization, is dedicated to preserving the Lime Rock Lighthouse and promoting excellence in yachting and yacht racing. The club emphasizes tradition, sportsmanship, education, and camaraderie in its mission. By operating its dining, recreational, and entertainment facilities, Ida Lewis Yacht Club fosters an environment that encourages the development of these values in its members. The club's primary focus is on preserving the Lime Rock Lighthouse, a historic landmark, and promoting the rich traditions and competitive spirit of yacht racing. The club's emphasis on education and camaraderie provides an inclusive and supportive community for its members, encouraging the sharing of knowledge and fostering a sense of unity.
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Impact
October, 2024
Ida Lewis Yacht Club significantly impacts the local community and maritime culture by actively preserving the historic Lime Rock Lighthouse while fostering a love for yachting and yacht racing. The club emphasizes the importance of traditions, sportsmanship, education, and camaraderie, creating a vibrant environment for both seasoned sailors and newcomers alike.
Through its operation of dining, recreational, and entertainment facilities, the club serves as a social hub that enhances the quality of life in Newport, RI. Members and guests engage in various activities that promote teamwork and community spirit, ensuring the heritage of yachting is celebrated and passed down. By prioritizing these values, the Ida Lewis Yacht Club not only cultivates skillful mariners but also strengthens the bonds among individuals who share a passion for the sea. This commitment to excellence in yachting positively influences both its members and the broader community, making it a cornerstone of Newport's rich maritime tradition.
This information is meant to be a general summary of Ida Lewis 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: $25,758
- Program Service Revenue: $1,016,307
- Gross Receipts: $1,338,902
Assets and Liabilities:
- Total Assets: $1,573,010
- Total Liabilities: $105,014
- Net Assets: $1,467,996
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBER DUES
Revenue
$648,267
MEMBER SERVICES
Revenue
$190,310
ADULT/JUNIOR SAILING
Revenue
$87,865
VISITOR SERVICES
Revenue
$53,589
ENTERTAINMENT SERVICES
Revenue
$36,276
Organization Details
Founding Year
1928
Principal Officer
Stephen J Macgillivray
Website
www.ilyc.orgNTEE Category
Code: N50 - Recreation
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