Saunderstown Yacht Club

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

EIN: 050214504 ✦ Saunderstown, RI ✦ Designated as a 501(c)(7)

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Overview

What is Saunderstown Yacht Club?

The Saunderstown Yacht Club, situated in Saunderstown, Rhode Island, serves as a nonprofit organization with a primary focus on education. They specialize in teaching sailing and water safety skills to their members' children and the local youth community. Additionally, they offer tennis lessons for their members, fostering a well-rounded recreational experience. Moreover, the club actively promotes sailing races and regattas, further enriching the marine culture in the area. With a dedicated team of 18 individuals, the Saunderstown Yacht Club is committed to enriching the lives of its members and the wider community through aquatic activities and sports.

Is Saunderstown Yacht Club legitimate?

Saunderstown Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Saunderstown 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: $81,685

For more financial information, click here

What is the mission statement of Saunderstown Yacht Club?

The Saunderstown Yacht Club is dedicated to educating children of its members and the local community about sailing and water safety. This mission extends beyond its membership, aiming to instruct a wider group of youngsters in the area. Furthermore, the club provides tennis lessons exclusively for its members. Besides these educational initiatives, the Saunderstown Yacht Club also promotes sailing races and regattas.

Who is the CEO of Saunderstown Yacht Club?

John Soucy is the Commodore of Saunderstown Yacht Club.

What is the revenue of Saunderstown Yacht Club?

Saunderstown Yacht Club's revenue in 2022 was $314,693.

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

The average compensation at Saunderstown Yacht Club during 2022 was $4,538. There are 18 employees and 25 volunteers at Saunderstown Yacht Club.


Here are 5 key members and their salaries:


Amanda Petersen (Vice Comm0Dore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Breslin (Rear Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Julia Ferrante (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Handford (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Soucy (Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Saunderstown Yacht Club?

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

Mission Statement of Saunderstown Yacht Club

The Saunderstown Yacht Club is dedicated to instructing sailing and water safety skills to its member's children and the local youth in the community. Their mission is centered around providing a nurturing environment where these young individuals can learn essential water safety techniques and sailing skills. By doing so, the club aims to foster a love for the ocean and promote water safety among the next generation.

In addition to sailing lessons, the Saunderstown Yacht Club also offers tennis lessons to its members. This diverse range of activities not only provides an engaging and enjoyable experience for the members' children but also encourages a well-rounded and active lifestyle. Furthermore, the club is committed to promoting and organizing racing events and regattas, which offer an exciting and competitive platform for young sailors to showcase their skills.

In summary, the Saunderstown Yacht Club is a vibrant and dynamic organization that is deeply invested in the development and education of its members' children and the local youth. Through sailing and water safety lessons, tennis coaching, and active participation in racing events, the club seeks to instill a love for the sea, promote water safety, and foster a sense of camaraderie and competition among its young participants.

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Impact




October, 2024

Saunderstown Yacht Club significantly enhances the local community by providing valuable sailing and water safety education to children of members and area youngsters. Through its dedicated programs, the club fosters a love for water sports while ensuring that participants develop essential safety skills on the water.

In addition to sailing instruction, Saunderstown Yacht Club also offers tennis lessons, contributing to the overall recreational opportunities available to members and their families. The promotion of racing and regattas not only engages young sailors but also builds a sense of community and friendly competition among participants. This combination of activities not only enriches the lives of its members but also empowers the next generation with skills that foster confidence and teamwork. The club plays a vital role in promoting a culture of active living and water safety in the Saunderstown area.




This information is meant to be a general summary of Saunderstown 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
$314,693 (2022)
Expenses
$315,658 (2022)
Efficiency

Other financial information:

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

  • Program Service Revenue: $111,905
  • Gross Receipts: $314,693

Assets and Liabilities:

  • Total Assets: $439,477
  • Total Liabilities: $0
  • Net Assets: $439,477

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Programs

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

SOCIAL EVENTS

Revenue

$18,335

SAILING MOORING TENNIS

Revenue

$82,445

SAILING NON MEMBERS

Revenue

$11,125

Organization Details

Founding Year

1996

Principal Officer

John Soucy

Main Address

P O BOX 14, SAUNDERSTOWN, RI, 02874

NTEE Category

Code: N50 - Recreation

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