Overview
What is Sakonnet Yacht Club?
The Sakonnet Yacht Club, located in Little Compton, Rhode Island (RI 02837), is a nonprofit organization that primarily focuses on nurturing sailing skills in the children of its members. With a membership of 461 individuals in 2022, the club offers sailing lessons as a key aspect of its mission. Additionally, it provides intra-club racing opportunities for its members, fostering a sense of community and friendly competition. The club employs a team of 27 individuals to carry out these activities.
Official website here: www.sakonnet.org
Is Sakonnet Yacht Club legitimate?
Sakonnet Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Sakonnet 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: $174,942
For more financial information, click here
Official website here: www.sakonnet.org
What is the mission statement of Sakonnet Yacht Club?
The Sakonnet Yacht Club's primary mission is centered around providing sailing lessons and intra-club racing opportunities for its members' children. With a membership of 461 individuals in 2022, the club is committed to nurturing sailing skills in the younger generation. The club's Junior Sailing Program is a key component of this mission, focusing on teaching sailing, racing, and cruising skills to its members' children.
Official website here: www.sakonnet.org
Who is the CEO of Sakonnet Yacht Club?
Tom Lyons is the Treasurer of Sakonnet Yacht Club.
Official website here: www.sakonnet.org
What is the revenue of Sakonnet Yacht Club?
Sakonnet Yacht Club's revenue in 2022 was $437,667.
Official website here: www.sakonnet.org
Who are the executives of Sakonnet Yacht Club and what are their salaries?
The average compensation at Sakonnet Yacht Club during 2022 was $6,479. There are 27 employees at Sakonnet Yacht Club.
Here are 18 key members and their salaries:
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Official website here: www.sakonnet.org
Where can I find the form 990 for Sakonnet Yacht Club?
Sakonnet Yacht Club's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sakonnet.org
Learn more at the official website: www.sakonnet.org
Mission Statement of Sakonnet Yacht Club
The Sakonnet Yacht Club, with a membership of 461 individuals in 2022, is dedicated to offering sailing lessons for the children of its members. Beyond this, the club also organizes intra-club racing events for its members. The club's primary mission is to teach sailing, racing, and cruising skills to the children of its members, fostering a love for the sport and promoting skills development. This mission is carried out through the club's Junior Sailing Program. The program not only teaches the children the essentials of sailing but also encourages them to participate in racing events, allowing them to apply their skills in a competitive environment. In this way, the Sakonnet Yacht Club plays a significant role in nurturing the next generation of sailors within its membership.
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Impact
October, 2024
Sakonnet Yacht Club significantly enhances the local community by offering sailing lessons tailored for the children of its members, fostering both skill development and a love for the sport. With a focus on teaching sailing, racing, and cruising skills, the Junior Sailing Program equips young sailors with essential knowledge and capabilities. Intra-club racing events not only promote friendly competition but also strengthen camaraderie among members, further enriching the social fabric of Little Compton, RI. With a membership of 461 in 2022, the club serves as a vibrant hub for recreational activities, contributing to the overall quality of life in the area.
This information is meant to be a general summary of Sakonnet 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 2022.
- Investment Income: $1,413
- Program Service Revenue: $153,674
- Gross Receipts: $444,409
Assets and Liabilities:
- Total Assets: $588,453
- Total Liabilities: $0
- Net Assets: $588,453
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RACING FEE
Revenue
$1,650
CAMP FEE
Revenue
$23,400
JR SAILING
Revenue
$67,335
ALL OTHER FEES
Revenue
$33,689
SLIPS
Revenue
$27,600
Organization Details
Founding Year
1939
Principal Officer
Tom Lyons
Main Address
PO BOX 514, LITTLE COMPTON, RI, 02837
Website
www.sakonnet.orgNTEE Category
Code: N67 - Recreation
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