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: $577,894
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
What is the revenue of Newport Yacht Club?
Newport Yacht Club's revenue in 2024 was $1,522,754.
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 2024 was $13,759. There are 42 employees and 100 volunteers at Newport Yacht Club.
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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 2024 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $35,374
- Program Service Revenue: $1,509,167
- Gross Receipts: $2,134,505
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
$708,730
FLOAT & DOCK
Revenue
$674,999
JUNIOR ACTIVITIES
Revenue
$75,530
FROSTBITE COMMITTEE ACTIVITIES
Revenue
$7,950
REGATTA & FLEET ACTIVITIES
Revenue
$12,585
Organization Details
Founding Year
1894
Principal Officer
Robert Antignano
Website
www.newportyachtclub.orgNTEE Category
Code: N50 - Recreation
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