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Pequot Yacht Club Inc

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

EIN: 060490150 ✦ Southport, CT ✦ Designated as a 501(c)(7)

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Overview

What is Pequot Yacht Club Inc?

Pequot Yacht Club Inc, located in Southport, Connecticut, serves as an exclusive social club for its members. The primary focus of this nonprofit organization is promoting sailing among individuals of all ages. This is accomplished through various programs, including junior and senior initiatives, ensuring a comprehensive sailing experience for its members. In addition, the club provides a dedicated facility to cater to all sailing requirements. With a workforce of 51 employees, Pequot Yacht Club Inc fosters a sailing community that encourages participation and growth in the sport.


Official website here: www.pequotyc.com

Is Pequot Yacht Club Inc legitimate?

Pequot Yacht Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Pequot 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: $973,865

For more financial information, click here


Official website here: www.pequotyc.com

What is the mission statement of Pequot Yacht Club Inc?

The Pequot Yacht Club Inc serves as an exclusive social club, catering to its members. Its primary objective is to foster a love for sailing among its members of all ages. This is achieved through the implementation of both junior and senior programs. Additionally, the club provides a comprehensive facility to cater to all sailing needs, ensuring members have the necessary resources to pursue their passion for the sport.


Official website here: www.pequotyc.com

Who is the CEO of Pequot Yacht Club Inc?

Rosalind Looby is the Commodore of Pequot Yacht Club Inc.


Official website here: www.pequotyc.com

What is the revenue of Pequot Yacht Club Inc?

Pequot Yacht Club Inc's revenue in 2022 was $2,794,743.


Official website here: www.pequotyc.com

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

The average compensation at Pequot Yacht Club Inc during 2022 was $19,095. There are 51 employees at Pequot Yacht Club Inc.


Here are 11 key members and their salaries:


Charles Murphy (Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Rosow Jr (Vice Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pamela Toner (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kenneth Murphy (Rear Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rosalind Looby (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Samuel Cargill (Governor)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tish Burton (Governor)
  • Compensation: $0
  • Related: $0
  • Other: $0
Betsy Hulme (Governor)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sarah Stephan (Governor)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matt Bergantino (Governor)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ken O'Donnell (Governor)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.pequotyc.com

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

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


Official website here: www.pequotyc.com

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

Mission Statement of Pequot Yacht Club Inc

Pequot Yacht Club Inc, a social club exclusively for its members, is dedicated to promoting sailing among its members of all ages. The club achieves this through its comprehensive junior and senior programs. In addition to fostering sailing, the club also maintains a facility equipped to cater to its members' sailing needs. By offering these programs and facilities, Pequot Yacht Club Inc provides an engaging environment for its members to enjoy the sport of sailing.

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Impact




October, 2024

Pequot Yacht Club Inc plays a significant role in fostering a strong sense of community and passion for sailing among its members in Southport, CT. By providing a dedicated space for enthusiasts of all ages, it promotes recreational sailing and skill development through various junior and senior programs. The club's comprehensive facilities cater to the sailing needs of its members, ensuring a supportive environment that encourages both novice and experienced sailors to engage in the sport. This focus on sailing not only enhances individual skills and confidence but also strengthens community ties, bringing people together through shared interests and experiences in a beautiful setting. Overall, Pequot Yacht Club Inc significantly enriches the local social fabric and promotes an active lifestyle centered around the joy of sailing.




This information is meant to be a general summary of Pequot 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
$2,794,743 (2022)
Expenses
$2,506,045 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $5,160
  • Program Service Revenue: $1,514,887
  • Gross Receipts: $2,794,743

Assets and Liabilities:

  • Total Assets: $3,591,404
  • Total Liabilities: $116,874
  • Net Assets: $3,474,530

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Programs

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

CAPITAL ASSESSMENT

Revenue

$244,680

Organization Details

Founding Year

1925

Principal Officer

Rosalind Looby

Main Address

669 HARBOR ROAD, SOUTHPORT, CT, 06890

NTEE Category

Code: N50 - Recreation

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