Overview
What is Watch Hill Yacht Club?
The Watch Hill Yacht Club, based in Westerly, Rhode Island, serves as a hub for yacht racing and boating enthusiasts. With a strong commitment to safety and camaraderie, this nonprofit organization caters to both its members and their families. Their junior sailing program offers sailing instruction and racing events for children aged 8 to 18, welcoming both members and non-members. The club's mission is to nurture and foster a passion for boating, ensuring that it remains an enjoyable and engaging activity for all involved. With a dedicated workforce of 57 individuals, the Watch Hill Yacht Club remains an integral part of the boating community.
Official website here: www.whyc.net
Is Watch Hill Yacht Club legitimate?
Watch Hill Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Watch Hill 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: $110,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $678,048
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Official website here: www.whyc.net
What is the mission statement of Watch Hill Yacht Club?
The Watch Hill Yacht Club is dedicated to fostering and encouraging yacht racing and boating activities among its members and their families. It prioritizes safety and camaraderie, providing an environment where individuals can nurture their love for boating. The club offers various opportunities to further this passion, including sailing instruction and racing events for children aged 8 to 18 through its Junior Sailing Program.
Official website here: www.whyc.net
What is the revenue of Watch Hill Yacht Club?
Watch Hill Yacht Club's revenue in 2023 was $2,126,491.
Official website here: www.whyc.net
Who are the executives of Watch Hill Yacht Club and what are their salaries?
The average compensation at Watch Hill Yacht Club during 2023 was $14,337. There are 55 employees at Watch Hill Yacht Club.
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Official website here: www.whyc.net
Where can I find the form 990 for Watch Hill Yacht Club?
Watch Hill Yacht Club's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.whyc.net
Learn more at the official website: www.whyc.net
Mission Statement of Watch Hill Yacht Club
The Watch Hill Yacht Club is dedicated to fostering an environment that encourages and supports yacht racing and boating activities for its members and their families. This commitment is rooted in ensuring safety, camaraderie, and the opportunity for individuals to deepen their passion for boating. One of the ways they achieve this is through their Junior Sailing Program, which offers sailing instruction and racing events for children aged between 8 and 18, both for club members and non-members. This program is a testament to the club's mission to be inclusive and promote the love for boating across generations.
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Impact
October, 2024
Watch Hill Yacht Club significantly enhances the boating community in Westerly, Rhode Island, by fostering a culture of safety, camaraderie, and passion for sailing among its members and their families. The club’s commitment to promoting yacht racing and boating activities creates a vibrant environment where both seasoned sailors and newcomers can thrive.
One of the club's key contributions is its Junior Sailing Program, which offers sailing instruction and racing events for young enthusiasts aged 8 to 18. This initiative not only develops essential sailing skills but also instills a sense of teamwork and responsibility in the youth, encouraging the next generation of sailors and boaters.
By facilitating a range of boating activities, the Watch Hill Yacht Club strengthens community ties and provides opportunities for family bonding and social interaction. Through its events and programs, the club plays a vital role in cultivating a lifelong appreciation for the water, all while ensuring a safe and enjoyable environment for participants.
This information is meant to be a general summary of Watch Hill 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: $13,503
- Program Service Revenue: $2,112,988
- Gross Receipts: $2,126,491
Assets and Liabilities:
- Total Assets: $7,261,303
- Total Liabilities: $239,752
- Net Assets: $7,021,551
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Membership Dues
Revenue
$1,331,855
Restaurant Sales
Revenue
$310,801
Bar Sales
Revenue
$170,656
Private Parties
Revenue
$111,163
Junior Sailing Prgm.
Revenue
$84,428
Organization Details
Founding Year
1913
Principal Officer
Scott Vincens
Website
www.whyc.netNTEE Category
Code: N50 - Recreation
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