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Sakonnet Point Club

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

EIN: 050496668 ✦ Little compton, RI ✦ Designated as a 501(c)(7)

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Overview

What is Sakonnet Point Club?

The Sakonnet Point Club is a nonprofit organization established in 1998, located at 11 Bluff Head Avenue, Little Compton, Rhode Island (02837). Its primary mission is to revitalize a historic harbor property and preserve its rich heritage. The club offers its members and their guests access to the beautiful Sakonnet waters, providing a variety of complementary activities such as boating, swimming, exercising, dining, and socializing. The club maintains a relaxed, family-oriented, and welcoming atmosphere while managing its financial affairs responsibly. With a workforce of 102 employees, the Sakonnet Point Club caters to 402 members and 261 off-season privilege holders, ensuring a plethora of social and recreational opportunities.


Official website here: www.sakonnetpointclub.org

Is Sakonnet Point Club legitimate?

Sakonnet Point Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Sakonnet Point 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: $170,186
Professional Fundraising Fees: $0
Other Salaries and Wages: $148,210

For more financial information, click here


Official website here: www.sakonnetpointclub.org

What is the mission statement of Sakonnet Point Club?

The Sakonnet Point Club, established in 1998, was founded with the mission to revitalize a historic harbor property and preserve its rich heritage. Its primary objective is to offer its members and their guests access to the serene Sakonnet waters. Alongside this, the club provides a variety of quality activities, such as boating, swimming, exercising, dining, and socializing, all set against the backdrop of breathtaking harbor and ocean views. The club is committed to maintaining a relaxed, family-focused, and welcoming atmosphere while managing its financial affairs responsibly.


Official website here: www.sakonnetpointclub.org

Who is the CEO of Sakonnet Point Club?

Scott Morrison is the Principal Officer of Sakonnet Point Club.


Official website here: www.sakonnetpointclub.org

What is the revenue of Sakonnet Point Club?

Sakonnet Point Club's revenue in 2022 was $1,549,337.


Official website here: www.sakonnetpointclub.org

Who are the executives of Sakonnet Point Club and what are their salaries?

The average compensation at Sakonnet Point Club during 2022 was $3,122. There are 102 employees and 19 volunteers at Sakonnet Point Club.


Here are 15 key members and their salaries:


Bruce Dianne Keeler (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Galford Robert (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mueller Robert (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Haffenreffer Lisa (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vandersalm Thomas (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Martin David (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wagner Ryan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Capuano Roberta (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Goodwin Nancy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Haire Melissa (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Morrison Scott A (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lippert Holly (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Hudner Michael (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Walser Joni L (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Demott Craig (Club Manager)
  • Compensation: $170,186
  • Related: $0
  • Other: $3,630


Official website here: www.sakonnetpointclub.org

Where can I find the form 990 for Sakonnet Point Club?

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


Official website here: www.sakonnetpointclub.org

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

Mission Statement of Sakonnet Point Club

Sakonnet Point Club, established in 1998, was founded with a mission to revitalize a historic harbor property and preserve its rich heritage. The primary objective of this club is to provide its members and their guests with unparalleled access to Sakonnet Waters, accompanied by a variety of quality complementary activities. These activities include boating, swimming, exercising, dining, and socializing, all set against the backdrop of breathtaking harbor and ocean views.

The Sakonnet Point Club is deeply committed to maintaining a relaxed, family-focused, and welcoming atmosphere. This commitment extends to the club's financial management, ensuring that its operations are conducted in a responsible manner. The club strives to offer its members an all-encompassing experience, where they can enjoy leisure activities and build meaningful connections, all within a setting that honors and celebrates its historic heritage.

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Impact




October, 2024

Sakonnet Point Club has made a significant impact on the local community and the broader area by revitalizing a historic harbor property and preserving its heritage since its founding in 1998. The club provides its 402 members and 261 off-season privilege holders with unparalleled access to Sakonnet waters, fostering a connection to the natural beauty of the region.

Through a range of activities such as boating, swimming, exercising, dining, and socializing, the club offers quality recreational opportunities that contribute to a vibrant community atmosphere. The breathtaking harbor and ocean views enhance the experience, creating a unique environment where families and friends can gather and enjoy leisure time together. In its commitment to maintaining a relaxed and welcoming atmosphere, Sakonnet Point Club strengthens community ties and encourages social interaction among its members and their guests.

Furthermore, by managing its financial affairs responsibly, the club ensures its sustainability and continued positive impact on the local economy and quality of life in Little Compton, Rhode Island.




This information is meant to be a general summary of Sakonnet Point 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
$1,549,337 (2022)
Expenses
$1,388,422 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1,357
  • Program Service Revenue: $1,765,753
  • Gross Receipts: $2,965,018

Assets and Liabilities:

  • Total Assets: $8,588,800
  • Total Liabilities: $7,749,263
  • Net Assets: $839,537

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Programs

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

MEMBERSHIP DUES AND ASSESSMENTS

Revenue

$1,427,784

GUEST AND OFF-SEASON FEES

Revenue

$224,378

DRY SLIP REVENUE

Revenue

$98,567

TRAINING AND FITNESS REVENUE

Revenue

$10,782

COVE MARKET REVENUE

Revenue

$4,200

Organization Details

Founding Year

1998

Principal Officer

Scott Morrison

Main Address

11 BLUFF HEAD AVENUE, LITTLE COMPTON, RI, 02837

NTEE Category

Code: N50 - Recreation

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