The Indian Harbor Yacht Club Incorporated

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

EIN: 060400220 ✦ Greenwich, CT ✦ Designated as a 501(c)(7)

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Overview

What is The Indian Harbor Yacht Club Incorporated?

The Indian Harbor Yacht Club Incorporated, based on undisclosed location details, is a nonprofit organization dedicated to promoting and nurturing the passion for yachting. They strive to enhance the art of yacht design and construction, as well as develop the skills of seamanship and navigation. Their primary goal is to offer enjoyable activities for their members, fostering camaraderie and leisure within the yachting community.


Official website here: www.indianharboryc.com

Is The Indian Harbor Yacht Club Incorporated legitimate?

The Indian Harbor Yacht Club Incorporated is a legitimate nonprofit organization registered as a 501(c)(7) entity. The Indian Harbor Yacht Club Incorporated 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: $2,771,950

For more financial information, click here


Official website here: www.indianharboryc.com

What is the mission statement of The Indian Harbor Yacht Club Incorporated?

The Indian Harbor Yacht Club Incorporated is dedicated to promoting and supporting the sport of yachting. They also encourage the art of yacht design and construction, and emphasize the importance of seamanship and navigation. The main objective of the club is to provide entertainment and recreation for its members, fostering their interest in these activities.


Official website here: www.indianharboryc.com

Who is the CEO of The Indian Harbor Yacht Club Incorporated?

Steven Levy is the Commodore of The Indian Harbor Yacht Club Incorporated.


Official website here: www.indianharboryc.com

What is the revenue of The Indian Harbor Yacht Club Incorporated?

The Indian Harbor Yacht Club Incorporated's revenue in 2022 was $6,335,410.


Official website here: www.indianharboryc.com

Who are the executives of The Indian Harbor Yacht Club Incorporated and what are their salaries?

The average compensation at The Indian Harbor Yacht Club Incorporated during 2022 was $19,659. There are 141 employees and 18 volunteers at The Indian Harbor Yacht Club Incorporated.


Here are 21 key members and their salaries:


Steven M Levy (Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
George P Yankowich (Vice Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephen Walko (Rear Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Volkwein (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kristin Toretta (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jonathan D Dubois (Counsel)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Kramer Jr (Fleet Captain)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ted Pardoe (Fleet Chaplain)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Patricia Calayag (Fleet Surgeon)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Millard (Measurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cornelia Elisabeth Forbes (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Issler (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sarah Fey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eva-Stina Pehrson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jon-Claude Zucconi (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Fiore (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kay Sterling (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jonathan Nye (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christopher Marcussen (Former General Manager)
  • Compensation: $262,731
  • Related: $0
  • Other: $29,430
Joel Labuzetta (Asst. General Manager)
  • Compensation: $140,431
  • Related: $0
  • Other: $29,450
Kevin Chun (Executive Chef)
  • Compensation: $112,692
  • Related: $0
  • Other: $6,660


Official website here: www.indianharboryc.com

Where can I find the form 990 for The Indian Harbor Yacht Club Incorporated?

The Indian Harbor Yacht Club Incorporated's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.indianharboryc.com

Learn more at the official website: www.indianharboryc.com

Mission Statement of The Indian Harbor Yacht Club Incorporated

The Indian Harbor Yacht Club Incorporated is dedicated to promoting and supporting the pursuit of yachting as a sport. This esteemed organization also encourages the appreciation of yacht design and construction, recognizing the importance of these aspects in the realm of yachting. Furthermore, The Indian Harbor Yacht Club Incorporated emphasizes the significance of seamanship and navigation, recognizing these skills as essential for the enjoyment and recreation of its members. In essence, the mission of The Indian Harbor Yacht Club Incorporated is to foster a vibrant yachting community, where members can engage in the sport, appreciate its artistic and scientific aspects, and develop their skills in seamanship and navigation.

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Impact




October, 2024

The Indian Harbor Yacht Club Incorporated significantly enhances the yachting culture and community in Greenwich, CT, by promoting the sport of yachting along with the associated skills of yacht design, construction, and navigation. By fostering an environment that encourages both recreational and competitive sailing, the club plays a vital role in cultivating a passion for these maritime activities among its members.

Members of the club benefit from a range of recreational opportunities, including sailing events and social gatherings, which not only serve as a source of amusement but also strengthen community bonds. The educational initiatives offered by the yacht club also advance knowledge related to yacht design and seamanship, ensuring that both new and experienced sailors can develop their skills in a supportive environment.

Moreover, the club contributes to the local economy through various events and activities that attract visitors and sailing enthusiasts to the area. By advocating for yachting as a recreational pastime, Indian Harbor Yacht Club helps to preserve the traditions of seamanship and navigation, ensuring the ongoing legacy of maritime culture in Connecticut.




This information is meant to be a general summary of The Indian Harbor Yacht Club Incorporated. 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
$6,335,410 (2022)
Expenses
$5,785,009 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $442
  • Program Service Revenue: $3,772,880
  • Gross Receipts: $7,254,967

Assets and Liabilities:

  • Total Assets: $10,614,803
  • Total Liabilities: $1,389,711
  • Net Assets: $9,225,092

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Programs

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

MEMBERSHIP DUES

Revenue

$2,651,544

INITIATION FEES

Revenue

$565,867

CAPITAL ASSESSMENT

Revenue

$555,469

Organization Details

Founding Year

1901

Principal Officer

Steven Levy

Main Address

710 STEAMBOAT ROAD, GREENWICH, CT, 06830

NTEE Category

Code: N50 - Recreation

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