Niantic Bay Yacht Club Inc

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

EIN: 060684502 ✦ Niantic, CT ✦ Designated as a 501(c)(7)

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Overview

What is Niantic Bay Yacht Club Inc?

Niantic Bay Yacht Club Inc is a nonprofit organization that offers a comprehensive sailing and swimming experience to its members. Their programs are designed to provide intensive instruction, fostering a deep understanding of general navigation and seamanship. The club's primary goal is to offer its members unique experiences that go beyond the ordinary, promoting a sense of camaraderie and seamanship. To facilitate this, they provide dock and slip space rental, allowing members easy access to the water. Furthermore, the social program adds an enjoyable aspect to the sailing club, enhancing the overall experience.

Is Niantic Bay Yacht Club Inc legitimate?

Niantic Bay Yacht Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Niantic Bay 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: $79,539

For more financial information, click here

What is the mission statement of Niantic Bay Yacht Club Inc?

The Niantic Bay Yacht Club Inc's mission revolves around providing comprehensive sailing and swimming programs for its members. These programs offer intensive instruction, fostering a deep understanding of general navigation and seamanship. The club's activities aim to provide its members with unique, hands-on experiences in these areas. The dock and slip space rental program further enhance this mission, providing members with direct access to the water for practical navigation and seamanship exercises. The social program complements these activities, enhancing the overall sailing club experience and promoting seamanship among its members.

Who is the CEO of Niantic Bay Yacht Club Inc?

David Shluger is the Commodore of Niantic Bay Yacht Club Inc.

What is the revenue of Niantic Bay Yacht Club Inc?

Niantic Bay Yacht Club Inc's revenue in 2022 was $395,937.

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

The average compensation at Niantic Bay Yacht Club Inc during 2022 was $6,628. There are 12 employees at Niantic Bay Yacht Club Inc.


Here are 13 key members and their salaries:


Pam Manthous (Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cliff Ashton (Vice Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Marenakos (Rear Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Grady (Past Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Shluger (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ed Coss Iii (Recording Sec)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jessica Smith (Assistant Treas)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Parker (Corresp Sec)
  • Compensation: $0
  • Related: $0
  • Other: $0
Norm Peck Iii (Membership Ch)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dick Morris (House Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Harlan Fredericksen (Plan. & Dev Ch)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bob Shabunia (Waterfront Ch)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill Healy (Member At Large)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Niantic Bay Yacht Club Inc?

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

Mission Statement of Niantic Bay Yacht Club Inc

Niantic Bay Yacht Club Inc is committed to providing its members with a comprehensive sailing and swimming experience. Through its extensive programs, the club offers intensive instruction in general navigation and seamanship, allowing participants to gain unique experiences. The club's mission is to foster a community where members can enhance their sailing and swimming skills in an engaging environment. The dock and slip space rental program further facilitates access to the water, promoting practical application of navigation and seamanship skills related to the club's exempt purpose. Additionally, the club's social program enriches the overall experience, promoting a sense of camaraderie and shared enthusiasm for sailing and seamanship.

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Impact




October, 2024

Niantic Bay Yacht Club Inc significantly contributes to the local community through its extensive sailing and swimming programs, which provide members with intensive instruction in navigation and seamanship. By fostering skills in these areas, the club not only enhances recreational opportunities but also promotes a strong appreciation for water-based activities among participants.

The dock and slip space rental program further facilitates access to the water, enabling members to engage in boating and maritime experiences that help reinforce their learning. Additionally, the club's social programs create a vibrant community atmosphere, encouraging member interactions and camaraderie while deepening their connection to sailing and seamanship. This comprehensive approach not only cultivates individual skills but also strengthens community bonds, making Niantic Bay Yacht Club an integral part of life in Niantic, CT.




This information is meant to be a general summary of Niantic Bay 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
$395,937 (2022)
Expenses
$365,563 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1,084
  • Program Service Revenue: $111,901
  • Gross Receipts: $395,937

Assets and Liabilities:

  • Total Assets: $1,068,199
  • Total Liabilities: $2,518
  • Net Assets: $1,065,681

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Programs

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

Dock and Slip Rental

Revenue

$89,421

Regattas

Revenue

$5,923

Social Events

Revenue

$11,707

Swimming Lessons

Revenue

$4,850

Organization Details

Founding Year

1940

Principal Officer

David Shluger

Main Address

PO Box 416, Niantic, CT, 06357

NTEE Category

Code: N50 - Recreation

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