Overview
What is Westerly Yacht Club?
The Westerly Yacht Club, a domestic nonprofit organization founded in 1921, is situated at 1 WATCH HILL ROAD, WESTERLY, RI 02891. Its primary purpose is to offer dock space exclusively for members' recreational boating activities, along with a gas dock. Established over a century ago, the club aims to provide leisure boating opportunities, education, and social facilities for its members, sustaining itself through membership dues, assessments, and dock fees.
Official website here: www.westerlyyc.org
Is Westerly Yacht Club legitimate?
Westerly Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Westerly 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: $392,325
For more financial information, click here
Official website here: www.westerlyyc.org
What is the mission statement of Westerly Yacht Club?
The Westerly Yacht Club, founded in 1921, functions as a domestic non-profit association with a primary focus on recreational boating. Established with the intention of offering members educational and social facilities, it also provides dock space for recreational boats. Members are expected to contribute through dues, assessments, and dock fees. In essence, the club's purpose is to cater to the boating interests of its members while fostering a social community.
Official website here: www.westerlyyc.org
What is the revenue of Westerly Yacht Club?
Westerly Yacht Club's revenue in 2024 was $1,797,257.
Official website here: www.westerlyyc.org
Who are the executives of Westerly Yacht Club and what are their salaries?
The average compensation at Westerly Yacht Club during 2024 was $10,603. There are 37 employees and 11 volunteers at Westerly Yacht Club.
Here are 11 key members and their salaries:
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Official website here: www.westerlyyc.org
Where can I find the form 990 for Westerly Yacht Club?
Westerly Yacht Club's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.westerlyyc.org
Learn more at the official website: www.westerlyyc.org
Mission Statement of Westerly Yacht Club
The Westerly Yacht Club, established in 1921, is a domestic non-profit association with a mission to offer recreational boating opportunities, educational resources, and social facilities for its members. It accomplishes this mission through the collection of support dues, assessments, and dock fees. Primarily, the club provides dock space for its members to engage in leisure boating activities. Furthermore, it includes a gas dock for added convenience. This non-profit organization is dedicated to catering to the boating needs and social interactions of its members, fostering a sense of community within its ranks.
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Impact
October, 2024
The Westerly Yacht Club plays a significant role in fostering recreational boating, education, and social opportunities in the local community. Since its establishment in 1921, it has provided essential dock space exclusively for its members, allowing boating enthusiasts to engage in their passion along the picturesque waters of Westerly, Rhode Island. By offering facilities such as a gas dock and various social amenities, the club creates an environment that encourages community connection and engagement.
Furthermore, the club's commitment to education enhances boating safety and skills among its members, ensuring that both novice and experienced boaters have the knowledge they need to navigate local waters responsibly. The camaraderie developed through club activities strengthens relationships among members, contributing to a vibrant maritime culture that benefits the entire community. Overall, the Westerly Yacht Club is a cornerstone of recreational boating in the area, enriching lives through its dedicated focus on boating, education, and social interaction.
This information is meant to be a general summary of Westerly 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 2024.
- Investment Income: $28,523
- Program Service Revenue: $714,469
- Gross Receipts: $2,444,246
Assets and Liabilities:
- Total Assets: $4,928,925
- Total Liabilities: $1,747,816
- Net Assets: $3,181,109
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DOCKS & MOORING FEES
Revenue
$399,351
ASSESSMENTS
Revenue
$259,755
INITIATION FEES
Revenue
$45,000
ICE INCOME
Revenue
$5,990
ELECTRICAL OVERAGE
Revenue
$3,491
Organization Details
Founding Year
1921
Principal Officer
Jon Lallo
Website
www.westerlyyc.orgNTEE Category
Code: N50 - Recreation
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