Black Rock Yacht Club Inc

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

EIN: 060264110 ✦ Bridgeport, CT ✦ Designated as a 501(c)(7)

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Overview

What is Black Rock Yacht Club Inc?

Black Rock Yacht Club Inc is a distinguished nonprofit organization, located beyond explicit mention, that prioritizes preserving and elevating its reputation and standing through the promotion and backing of yachting and yacht racing activities. The club also offers engaging athletic programs to foster camaraderie, sportsmanship, and teamwork among its diverse membership, spanning various age groups. Furthermore, it boasts a convivial dining atmosphere that encourages social interaction, making it an all-around appealing destination for its members and outside event-goers. The picturesque harbor views, dotted with boats and a lighthouse, contribute to an idyllic setting for relaxation or lively celebrations.


Official website here: www.blackrockyc.org

Is Black Rock Yacht Club Inc legitimate?

Black Rock Yacht Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Black Rock Yacht Club Inc 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: $200,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,590,585

For more financial information, click here


Official website here: www.blackrockyc.org

What is the mission statement of Black Rock Yacht Club Inc?

The Black Rock Yacht Club Inc's mission is centered around preserving and enhancing its reputation and prestige. This is achieved by encouraging and supporting yachting and yacht racing activities. The club offers athletic programs that foster community, sportsmanship, and team skills among its members of all ages. Additionally, it promotes a collegial dining and social environment within the club. The club also serves as a venue for outside events upon request, offering a picturesque harbor side view with boats and a lighthouse in the background.


Official website here: www.blackrockyc.org

Who is the CEO of Black Rock Yacht Club Inc?

Thomas Smith is the Commodore of Black Rock Yacht Club Inc.


Official website here: www.blackrockyc.org

What is the revenue of Black Rock Yacht Club Inc?

Black Rock Yacht Club Inc's revenue in 2022 was $3,735,918.


Official website here: www.blackrockyc.org

Who are the executives of Black Rock Yacht Club Inc and what are their salaries?

The average compensation at Black Rock Yacht Club Inc during 2022 was $12,349. There are 145 employees and 25 volunteers at Black Rock Yacht Club Inc.


Here are 18 key members and their salaries:


Elizabeth Collins (Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniel Lent (Immediate Past Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Cooleen (Vice Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jenny Anderson (Rear Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Herrmann (Fleet Captain)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elizabeth Bechtold (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephen Giambalvo (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Waghorne (Governor)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lance Newkirchen (Governor)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jon Redwood (Governor)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kelly Raskauskas (Governor)
  • Compensation: $0
  • Related: $0
  • Other: $0
Allison Arnett (Governor)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephen Johnston (Governor)
  • Compensation: $0
  • Related: $0
  • Other: $0
Amy Broderick (Governor)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michelle Demartino (Governor)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alex Plitsas (Governor)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Scott Green (General Manager)
  • Compensation: $200,000
  • Related: $0
  • Other: $0
Claudine Mears (Financial Manager)
  • Compensation: $117,014
  • Related: $0
  • Other: $0


Official website here: www.blackrockyc.org

Where can I find the form 990 for Black Rock Yacht Club Inc?

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


Official website here: www.blackrockyc.org

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

Mission Statement of Black Rock Yacht Club Inc

Black Rock Yacht Club Inc, a distinguished sailing organization, is dedicated to preserving and boosting its reputation and esteem. The club achieves this goal by encouraging and promoting yachting and yacht racing among its members of all ages. Furthermore, Black Rock Yacht Club Inc offers athletic programs designed to foster a sense of community, sportsmanship, and teamwork. Beyond its nautical pursuits, the club also strives to create a collegial dining and social environment, providing its members with a welcoming atmosphere. Overall, Black Rock Yacht Club Inc is a sailing club that offers more than just boat races, it builds a community of sports enthusiasts and promotes a harmonious social environment.

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Impact




October, 2024

Black Rock Yacht Club Inc drives significant impact by fostering a vibrant community centered around yachting and yacht racing. Through its athletic programs, the club cultivates sportsmanship and teamwork among members of all ages, encouraging engagement and personal development. This commitment to building a sense of community enhances social connections and camaraderie among members, making it a hub for recreational activities.

The club’s picturesque location in Bridgeport, Connecticut, with stunning harbor views, contributes to its appeal as a venue for relaxation and social gatherings. It offers various amenities, including opportunities for swimming and tennis, and can host events that draw in the wider community. By preserving its reputation and prestige, Black Rock Yacht Club not only enhances the local culture of yachting but also becomes a cherished space for recreation, relaxation, and socialization, fostering lifelong friendships and memories among its members.




This information is meant to be a general summary of Black Rock Yacht Club Inc. 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
$3,735,918 (2022)
Expenses
$3,286,045 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $2,203
  • Program Service Revenue: $2,128,999
  • Gross Receipts: $4,202,431

Assets and Liabilities:

  • Total Assets: $4,999,587
  • Total Liabilities: $2,408,552
  • Net Assets: $2,591,035

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Programs

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

MEMBERSHIP FEES

Revenue

$1,494,452

INITIATION FEES

Revenue

$374,300

CAPITAL IMPROVEMENT AS

Revenue

$260,247

Organization Details

Founding Year

1926

Principal Officer

Thomas Smith

Main Address

80 GROVERS AVENUE, BRIDGEPORT, CT, 06605

NTEE Category

Code: N67 - Recreation

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