Rhode Island Yacht Club

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

EIN: 050209115 ✦ Cranston, RI ✦ Designated as a 501(c)(7)

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Overview

What is Rhode Island Yacht Club?

The Rhode Island Yacht Club, situated in Cranston, Rhode Island, serves as a recreational haven for its members. With a strong focus on water activities, the club boasts waterfront anchorages and marina facilities. Its primary mission is to provide enjoyable and entertaining experiences for its members, fostering an environment that promotes yachting, seamanship, and social interactions. The club employs a team of 41 individuals, ensuring smooth operation and upkeep of these facilities.


Official website here: www.riyachtclub.org

Is Rhode Island Yacht Club legitimate?

Rhode Island Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Rhode Island 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: $75,639

For more financial information, click here


Official website here: www.riyachtclub.org

What is the mission statement of Rhode Island Yacht Club?

The Rhode Island Yacht Club's mission is to facilitate the leisure and social engagement of its members. They accomplish this by establishing and preserving a suitable anchorage, marina, and related amenities. The primary objective is to promote yachting, seamanship, and diverse social activities within the club. By providing these resources, the club aims to foster a community that encourages these recreational and nautical pursuits.


Official website here: www.riyachtclub.org

Who is the CEO of Rhode Island Yacht Club?

Pamela Daly is the Commodore of Rhode Island Yacht Club.


Official website here: www.riyachtclub.org

What is the revenue of Rhode Island Yacht Club?

Rhode Island Yacht Club's revenue in 2022 was $612,330.


Official website here: www.riyachtclub.org

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

The average compensation at Rhode Island Yacht Club during 2022 was $1,845. There are 41 employees and 15 volunteers at Rhode Island Yacht Club.


Here are 15 key members and their salaries:


Richard Magnant (Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Gallagher (Vice Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Owen P Harren (Rear Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Holly Hunt (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pamela Daly (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nancy Aubin (Anchorage)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter Quackenbush (Building & Grounds)
  • Compensation: $0
  • Related: $0
  • Other: $0
Craig Forbes (House)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marisa Gallo (Junior Activities)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Cain (Library/Yearbook)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Choiniere (Membership)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Tracy (Race)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patrick Jones (Social)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nicholas Gallo (Ways & Means)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Tessitore (Junior Ex-Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.riyachtclub.org

Where can I find the form 990 for Rhode Island Yacht Club?

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


Official website here: www.riyachtclub.org

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

Mission Statement of Rhode Island Yacht Club

The Rhode Island Yacht Club, in its mission, aims to cater to the leisure and social needs of its members. It accomplishes this by establishing and maintaining a suitable anchorage, marina, and related facilities. This setup is designed to foster yachting, nurture seamanship, and facilitate a variety of social activities. The club's primary objective is to provide a platform for its members to engage in recreational and entertainment activities, ultimately promoting a sense of camaraderie and shared enjoyment.

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Impact




October, 2024

Rhode Island Yacht Club enhances the recreational and social experiences of its members by providing essential waterfront facilities, including anchorage and marina services. It acts as a hub for yachting and seamanship, fostering a vibrant community where members can engage in sailing, social gatherings, and various activities on the water. By maintaining appropriate infrastructure and promoting a culture of camaraderie among boating enthusiasts, the club contributes to the overall enjoyment and engagement of its members in aquatic activities, ultimately enriching the lifestyle of those in the Cranston area and beyond.




This information is meant to be a general summary of Rhode Island 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
$612,330 (2022)
Expenses
$642,519 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $3,724
  • Program Service Revenue: $537,478
  • Gross Receipts: $1,124,191

Assets and Liabilities:

  • Total Assets: $2,227,069
  • Total Liabilities: $1,517,567
  • Net Assets: $709,502

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Programs

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

DOCK & MOORING FEES

Revenue

$330,672

MEMBERSHIP DUES & ASSE

Revenue

$148,386

SOCIAL ACTIVITIES

Revenue

$29,295

CLUBHOUSE RENTAL

Revenue

$15,155

INITIATION FEES

Revenue

$9,750

Organization Details

Founding Year

1877

Principal Officer

Pamela Daly

Main Address

ONE OCEAN AVENUE, CRANSTON, RI, 02905

NTEE Category

Code: N50 - Recreation

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