Overview
What is Essex Yacht Club Inc?
Essex Yacht Club Inc, located at 13 Novelty Lane, Essex, Connecticut 06426, is a nonprofit organization dedicated to fostering excellence in yachting activities among its members. The club encourages participation in racing, cruising, and various off-water club activities. To fulfill its mission, Essex Yacht Club Inc offers a range of year-round member activities and programs, aiming to uphold the Corinthian spirit, honor the tradition of yachting excellence, and cultivate camaraderie among its members. The organization currently employs 31 individuals.
Official website here: www.essexyc.com
Is Essex Yacht Club Inc legitimate?
Essex Yacht Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Essex 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: $75,241
Professional Fundraising Fees: $0
Other Salaries and Wages: $149,385
For more financial information, click here
Official website here: www.essexyc.com
What is the mission statement of Essex Yacht Club Inc?
The Essex Yacht Club Inc's mission is centered around fostering excellence in yachting activities among its members. This encompasses racing, cruising, and various off-water club activities. To achieve this, the club organizes year-round member activities and programs to uphold the Corinthian spirit, celebrate the tradition of yachting excellence, and promote camaraderie among its members.
Official website here: www.essexyc.com
What is the revenue of Essex Yacht Club Inc?
Essex Yacht Club Inc's revenue in 2023 was $362,011.
Official website here: www.essexyc.com
Who are the executives of Essex Yacht Club Inc and what are their salaries?
The average compensation at Essex Yacht Club Inc during 2023 was $4,404. There are 51 employees and 15 volunteers at Essex Yacht Club Inc.
Here are 18 key members and their salaries:
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- Compensation: $101,281
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Official website here: www.essexyc.com
Where can I find the form 990 for Essex Yacht Club Inc?
Essex Yacht Club Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.essexyc.com
Learn more at the official website: www.essexyc.com
Mission Statement of Essex Yacht Club Inc
Essex Yacht Club Inc, a renowned organization, is dedicated to fostering excellence in yachting activities among its members. This mission encompasses various aspects, including racing, cruising, and off-water club activities. The club achieves this goal by offering a wide range of year-round member activities and programs. These initiatives are designed to uphold the Corinthian spirit, a fine tradition of yachting excellence, and promote camaraderie among its members. By promoting these activities, Essex Yacht Club Inc seeks to create a vibrant and engaging community for its members, fostering a shared love and appreciation for yachting.
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Impact
October, 2024
Essex Yacht Club Inc significantly shapes the local community through its commitment to yachting excellence and camaraderie among its members. By fostering a culture that emphasizes both racing and cruising, the club enhances members' skills and knowledge in yachting activities, ultimately promoting a higher standard of nautical competence.
The club's year-round activities and programs create a vibrant social environment, encouraging meaningful relationships and community building among members. This not only bolsters the Corinthian spirit—a key value in traditional yachting—but also cultivates lifelong friendships and connections, enriching the lives of those involved.
Moreover, through its dedication to yachting education and experience, Essex Yacht Club Inc contributes to the local economy by attracting visitors and potential members to Essex, CT. The events and races organized by the club can draw spectators and participants from outside the area, promoting tourism and local business engagement.
Overall, Essex Yacht Club Inc embodies a hub of recreational excellence, strengthening community ties while nurturing a deep appreciation for the maritime traditions that bind its members.
This information is meant to be a general summary of Essex 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $6,461
- Program Service Revenue: $82,242
- Gross Receipts: $450,650
Assets and Liabilities:
- Total Assets: $3,724,869
- Total Liabilities: $1,342,271
- Net Assets: $2,382,598
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DOCKAGE & MOORING
Revenue
$80,247
REGATTA & RUM CHALLENG
Revenue
$1,300
MEMBERSHIP DUES
Revenue
$695
Organization Details
Founding Year
1933
Principal Officer
Joel Anik
Website
www.essexyc.comNTEE Category
Code: N03 - Recreation
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