Newport Yacht Club

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

EIN: 050254070 ✦ Newport, RI ✦ Designated as a 501(c)(7)

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Overview

What is Newport Yacht Club?

The Newport Yacht Club, located at 110 LONG WHARF, NEWPORT, RI 02840, is a member-focused organization dedicated to promoting yachting activities in and around the Newport area. They offer maintenance services for their members' yachts and those of visiting yachtsmen through their Float & Dock Committee. With a mission to encourage yachting, the club provides various services related to yachting activities to its members, totaling 45 employees.


Official website here: www.newportyachtclub.org

What do the Facebook reviews say about Newport Yacht Club?

92% of 52 reviewers on Facebook recommend Newport Yacht Club. Here's a summary of their insights:

Many patrons appreciate the stunning views of the harbor, which contribute to a delightful atmosphere. The brunch event has also received positive remarks, indicating that it’s a popular aspect of their offerings. Additionally, the venue is noted as being suitable for meetings, highlighting its versatility and appeal for various gatherings.

Overall, the nonprofit seems to resonate well with visitors, who feel that it provides enjoyable experiences and serves its community effectively.


This AI summary has been generated from reviews found on Facebook.

Is Newport Yacht Club legitimate?

Newport Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Newport 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: $432,454

For more financial information, click here


Official website here: www.newportyachtclub.org

What is the mission statement of Newport Yacht Club?

The Newport Yacht Club, serving as a member organization, offers a variety of services related to yachting activities with the primary goal of fostering yachting in and around the area. Its mission is to encourage yachting enthusiasts by providing necessary support and maintenance, catering to both its members and visiting yachtsmen. The club's Float & Dock Committee is responsible for maintaining the floats and docks, ensuring they are in optimal condition for the members' usage.


Official website here: www.newportyachtclub.org

Who is the CEO of Newport Yacht Club?

Robert Antignano is the Commodore of Newport Yacht Club.


Official website here: www.newportyachtclub.org

What is the revenue of Newport Yacht Club?

Newport Yacht Club's revenue in 2022 was $1,275,092.


Official website here: www.newportyachtclub.org

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

The average compensation at Newport Yacht Club during 2022 was $9,610. There are 45 employees and 100 volunteers at Newport Yacht Club.


Here are 24 key members and their salaries:


Fj Ritt (Regatta Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Blais (Membership Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephen Damas (Former Float & Dock Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andy Vouras (Float & Dock Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Laura Dargan (Entertainment Comm. Chair, Former Young Adults Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Marosits (Communications Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Larry Girouard (Finance Comm. Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Barszcz (Jr. Activities Comm. Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Roy Guay (Offshore Committee Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bea Grimmitt (Frostbite Committee Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kelsy Patnaude (Young Adults Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter Jencks (House Committee Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ed Lupo (Former Member At Large)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dennis Ferreira (Former Member At Large)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dick Bowman (Member At Large)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jack Ellis (Member At Large)
  • Compensation: $0
  • Related: $0
  • Other: $0
Roger Hemond (Member At Large)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Robinson (Member At Large)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elizabeth Green (Former Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Antignano (Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Dolan (Vice Commodore, Former Finance Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Long (Rear Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edith Morin (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bruce Long (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.newportyachtclub.org

Where can I find the form 990 for Newport Yacht Club?

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


Official website here: www.newportyachtclub.org

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

Mission Statement of Newport Yacht Club

The Newport Yacht Club, as a member organization, is dedicated to offering a variety of services related to yachting activities with the aim of fostering yachting within and around Newport. The primary objective of this club is to encourage yachting enthusiasts and provide them with the necessary resources and support. The club's commitment to yachting is evident in its activities, which include maintaining floats and docks for its members and visiting yachtsmen. This meticulous care ensures that the members and guests have a smooth sailing experience. The Newport Yacht Club serves as a hub for yachting enthusiasts, offering a conducive environment for them to engage in their passion and share their love for yachting.

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Impact




October, 2024

Newport Yacht Club plays a vital role in promoting yachting activities and fostering a vibrant boating community in Newport, Rhode Island. By offering essential services related to yachting, the club encourages both local and visiting yacht enthusiasts to engage in recreational boating, which enhances the overall maritime culture of the area.

The club's Float & Dock Committee ensures the maintenance of facilities, providing members with access to well-kept docks and support for their yachting endeavors. This commitment not only benefits individual members but also bolsters Newport's reputation as a premier yachting destination, attracting visitors and tourism to the region.

Through its member-focused initiatives, Newport Yacht Club fosters camaraderie among yacht owners and enthusiasts, contributing to the local economy while promoting outdoor recreation and maritime traditions. Its influence extends beyond mere recreation; it acts as a cornerstone of Newport's boating lifestyle, ensuring that the joy of yachting is accessible and thriving in the community.




This information is meant to be a general summary of Newport 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
$1,275,092 (2022)
Expenses
$1,202,055 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $5,722
  • Program Service Revenue: $1,221,144
  • Gross Receipts: $1,915,982

Assets and Liabilities:

  • Total Assets: $2,035,634
  • Total Liabilities: $272,957
  • Net Assets: $1,762,677

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Programs

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

MEMBERSHIP DUES & INITIATION FEES

Revenue

$501,250

FLOAT & DOCK

Revenue

$608,557

JUNIOR ACTIVITIES

Revenue

$60,207

FROSTBITE COMMITTEE ACTIVITIES

Revenue

$5,900

REGATTA & FLEET ACTIVITIES

Revenue

$10,570

Organization Details

Founding Year

1894

Principal Officer

Robert Antignano

Main Address

110 LONG WHARF, NEWPORT, RI, 02840

NTEE Category

Code: N50 - Recreation

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