Milford Yacht Club Inc

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

EIN: 060453450 ✦ Milford, CT ✦ Designated as a 501(c)(7)

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Overview

What is Milford Yacht Club Inc?

Milford Yacht Club Inc, located at 131 Trumbull Avenue, Milford, CT 06460, is a nonprofit organization dedicated to fostering an interest in yachting and related social activities. With a workforce of 108 individuals, the club's mission is centered around promoting yachting culture and facilitating social engagements related to this nautical pastime. The club's activities extend beyond sailing, offering a platform for members to connect and engage in various social events. The club's primary goal is to support and nurture the yachting community in Milford, CT.


Official website here: www.milfordyachtclub.com

Is Milford Yacht Club Inc legitimate?

Milford Yacht Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Milford 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $293,370

For more financial information, click here


Official website here: www.milfordyachtclub.com

What is the mission statement of Milford Yacht Club Inc?

The Milford Yacht Club Inc has a mission to foster interest in yachting and related social activities. Their primary goal is to encourage engagement in the world of yachting, complemented by various social events. This organization aims to create a community around yachting, providing a platform for individuals to share their passion and enjoy the associated social aspects.


Official website here: www.milfordyachtclub.com

Who is the CEO of Milford Yacht Club Inc?

Bruce P Kuryla is the Commodore of Milford Yacht Club Inc.


Official website here: www.milfordyachtclub.com

What is the revenue of Milford Yacht Club Inc?

Milford Yacht Club Inc's revenue in 2022 was $1,003,002.


Official website here: www.milfordyachtclub.com

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

The average compensation at Milford Yacht Club Inc during 2022 was $2,716. There are 108 employees at Milford Yacht Club Inc.


Here are 4 key members and their salaries:


Albert Frank (Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Amato (Vice-Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Bepko (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bruce Kuryla (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.milfordyachtclub.com

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

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


Official website here: www.milfordyachtclub.com

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

Mission Statement of Milford Yacht Club Inc

Milford Yacht Club Inc, as an organization, is dedicated to fostering interest in yachting and related social activities. Their mission is geared towards engaging individuals in the realm of yachting, going beyond just the sailing aspect to incorporate social events. By promoting these activities, the club aims to create a vibrant and inclusive community around yachting.

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Impact




October, 2024

Milford Yacht Club Inc plays a significant role in fostering a vibrant yachting community and enhancing the recreational landscape in Milford, CT. By promoting interest in yachting and related social activities, the club attracts individuals and families who are passionate about sailing and boating. This engagement not only enriches the local culture but also stimulates the economy through events and activities.

The club serves as a hub for social interaction, bringing together members of varying ages and backgrounds to share their love for yachting. By organizing races, training programs, and social gatherings, the Milford Yacht Club strengthens community bonds and encourages a spirit of camaraderie among its members, which can lead to lifelong friendships and connections.

Moreover, the club’s emphasis on recreation contributes to the overall well-being of its members, promoting an active lifestyle that enhances physical health and mental well-being. This focus on recreational activities also holds potential benefits for local businesses that cater to boating enthusiasts, creating a ripple effect that supports the economic vitality of the area. Ultimately, Milford Yacht Club Inc helps cultivate a passionate yachting community, making a positive impact on both individuals and the local economy.




This information is meant to be a general summary of Milford 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
$1,003,002 (2022)
Expenses
$984,203 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1,234
  • Program Service Revenue: $106,704
  • Gross Receipts: $2,790,322

Assets and Liabilities:

  • Total Assets: $3,523,143
  • Total Liabilities: $1,136,134
  • Net Assets: $2,387,009

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Organization Details

Founding Year

1903

Principal Officer

Bruce P Kuryla

Main Address

131 TRUMBULL AVE, MILFORD, CT, 06460

NTEE Category

Code: N50 - Recreation

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