Overview
What is Old Lyme Beach Club Incorporated?
Old Lyme Beach Club Incorporated is a seasonal, private nonprofit organization situated in East Lyme, Connecticut. With a focus on its members' well-being, the club's primary mission is to facilitate social and recreational activities. It achieves this by offering a range of amenities for the enjoyment of its members and organizing dining events during the season. The club operates with a small team of 28 dedicated individuals, who work diligently to ensure the members have a pleasant and engaging experience.
Is Old Lyme Beach Club Incorporated legitimate?
Old Lyme Beach Club Incorporated is a legitimate nonprofit organization registered as a 501(c)(7) entity. Old Lyme Beach 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: $285,635
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What is the mission statement of Old Lyme Beach Club Incorporated?
The Old Lyme Beach Club Incorporated's mission is centered around promoting recreational and social activities for its members. They achieve this by organizing dining events and providing access to the beach and facilities for the exclusive enjoyment of their members. The club's primary objective is to foster a social environment for its members, ensuring they can make the most of their membership. The club does not disclose any specific details about the nature or extent of these activities, but it is clear that they are committed to enhancing the leisure time of their members.
Who is the CEO of Old Lyme Beach Club Incorporated?
Bruce Anderson is the President of Old Lyme Beach Club Incorporated.
What is the revenue of Old Lyme Beach Club Incorporated?
Old Lyme Beach Club Incorporated's revenue in 2022 was $540,467.
Who are the executives of Old Lyme Beach Club Incorporated and what are their salaries?
The average compensation at Old Lyme Beach Club Incorporated during 2022 was $10,201. There are 28 employees at Old Lyme Beach Club Incorporated.
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Where can I find the form 990 for Old Lyme Beach Club Incorporated?
Old Lyme Beach Club Incorporated's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Old Lyme Beach Club Incorporated
Old Lyme Beach Club Incorporated serves as a seasonal private retreat, dedicated to fostering a sense of camaraderie and leisure among its members. Its mission is centered around organizing a diverse array of social and recreational activities, enriching the experience of its membership. The club goes beyond offering daily beach access and facilities, extending its offerings to include dining events. In essence, Old Lyme Beach Club Incorporated is committed to providing an exclusive environment where members can unwind, engage in enjoyable activities, and build lasting connections.
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Impact
October, 2024
Old Lyme Beach Club Incorporated significantly enhances the quality of life for its members by providing a dedicated space for recreational and social activities. Located in East Lyme, CT, the club fosters a sense of community among its members through organized dining events and access to beautiful beach facilities. This seasonal venue not only offers a relaxing environment for sunbathing and swimming but also serves as a hub for social interaction, allowing families and friends to connect and create lasting memories. By focusing exclusively on its members' enjoyment, Old Lyme Beach Club plays a vital role in promoting a healthy lifestyle and vibrant community spirit.
This information is meant to be a general summary of Old Lyme Beach 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $145
- Program Service Revenue: $490,340
- Gross Receipts: $653,253
Assets and Liabilities:
- Total Assets: $1,096,157
- Total Liabilities: $3,724
- Net Assets: $1,092,433
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Bath House Rentals
Revenue
$13,220
Club House Rentals
Revenue
$23,110
Membership Dues
Revenue
$342,200
Employee Recognition Funds
Revenue
$43,710
Major Maintenance Assessments
Revenue
$68,100
Organization Details
Founding Year
1939
Phone
(860) 434-3147Principal Officer
Bruce Anderson
Main Address
PO Box 443, East Lyme, CT, 06333
NTEE Category
Code: N50 - Recreation
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