Overview
What is Masons Island Yacht Club Inc?
Masons Island Yacht Club Inc, with its headquarters in Mystic, Connecticut, is a nonprofit organization dedicated to promoting the sport of yachting. Their primary mission is to provide a vibrant community setting, fostering social interaction, recreation, and personal growth among its members. The club's sailing program is a key component, educating junior members on sailing and racing techniques. Summer employees contribute to this learning process by offering instruction. The club also hosts racing regattas for both adult and junior members, creating a competitive and enjoyable atmosphere. With a team of 12 employees, Masons Island Yacht Club Inc continues to encourage the passion for yachting and offer a space for community entertainment.
Official website here: www.miyc.clubexpress
Is Masons Island Yacht Club Inc legitimate?
Masons Island Yacht Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Masons Island 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: $103,002
For more financial information, click here
Official website here: www.miyc.clubexpress
What is the mission statement of Masons Island Yacht Club Inc?
The Masons Island Yacht Club Inc is committed to encouraging the sport of yachting, offering a space for community entertainment, and promoting social interaction, recreation, and personal growth among its members. Specifically, they engage in yachting activities and offer a sailing program to teach junior club members how to sail and race small boats. This includes hosting racing regattas for both adult and junior members. During the summer, their employees provide instruction to further enhance the sailing experience.
Official website here: www.miyc.clubexpress
What is the revenue of Masons Island Yacht Club Inc?
Masons Island Yacht Club Inc's revenue in 2023 was $550,114.
Official website here: www.miyc.clubexpress
Who are the executives of Masons Island Yacht Club Inc and what are their salaries?
The average compensation at Masons Island Yacht Club Inc during 2023 was $6,059. There are 17 employees at Masons Island Yacht Club Inc.
Here are 6 key members and their salaries:
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Official website here: www.miyc.clubexpress
Where can I find the form 990 for Masons Island Yacht Club Inc?
Masons Island Yacht Club Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.miyc.clubexpress
Learn more at the official website: www.miyc.clubexpress
Mission Statement of Masons Island Yacht Club Inc
Masons Island Yacht Club Inc, a nonprofit organization, is committed to fostering the sport of yachting and providing a space for community entertainment and social interaction. Their mission is centered around promoting recreation and personal improvement among its members. One of their key initiatives is a sailing program designed to teach junior members the art of sailing and racing small boats. This program includes racing regattas for both adult and junior members, with summer employees providing instruction. By engaging in these activities, Masons Island Yacht Club Inc aims to foster a sense of camaraderie and shared passion for yachting among its members.
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Impact
October, 2024
Masons Island Yacht Club Inc significantly enhances the local community by fostering a love for yachting and sailing among its members. The club serves as a hub for community entertainment, promoting social interaction and recreational activities that strengthen community bonds.
Through its dedicated sailing program, it educates junior members on how to sail and race small boats, cultivating skills and confidence in young sailors. The inclusion of racing regattas offers both adult and junior members opportunities to compete and enjoy the thrill of sailing in a supportive environment.
By providing instruction and organizing events, the yacht club not only elevates members' sailing abilities but also promotes teamwork and camaraderie among participants. This commitment to recreation and skill development enriches the lives of its members while contributing to the overall vibrancy and cohesion of the Mystic community.
This information is meant to be a general summary of Masons Island 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $23
- Program Service Revenue: $159,975
- Gross Receipts: $550,114
Assets and Liabilities:
- Total Assets: $1,146,075
- Total Liabilities: $2,389
- Net Assets: $1,143,686
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SOCIAL ENTERTAINMENT &
Revenue
$58,462
SAILING AND REGATTA
Revenue
$42,033
TENNIS & BOCCE
Revenue
$35,236
RENTALS
Revenue
$22,626
SWIMMING
Revenue
$1,618
Organization Details
Founding Year
1923
Principal Officer
David Ludwig
Website
www.miyc.clubexpressNTEE Category
Code: N50 - Recreation
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