Thames Yacht Club Inc

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

EIN: 060836944 ✦ Niantic, CT ✦ Designated as a 501(c)(7)

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Overview

What is Thames Yacht Club Inc?

Thames Yacht Club Inc, situated in Niantic, Connecticut, functions as a nonprofit organization, catering primarily to sailing enthusiasts. The club provides a comprehensive boating facility, offering its approximately 160 members the chance to engage in racing, mooring, docking, social events, and instructional programs. The clubhouse serves as a hub for these activities, fostering a sense of community among its members.


Official website here: www.thamesyachtclub.org

Is Thames Yacht Club Inc legitimate?

Thames Yacht Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Thames 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: $53,428

For more financial information, click here


Official website here: www.thamesyachtclub.org

What is the mission statement of Thames Yacht Club Inc?

Thames Yacht Club Inc serves as a hub for sailboat enthusiasts, offering a clubhouse and mooring facilities. Its mission is to provide an all-encompassing boating experience, encompassing racing, mooring, docking, social events, and instructional opportunities, catering to around 160 members. The club aims to foster a community where sailors can engage in their shared passion, promoting camaraderie and skill development.


Official website here: www.thamesyachtclub.org

Who is the CEO of Thames Yacht Club Inc?

Russell Carr is the Treasurer of Thames Yacht Club Inc.


Official website here: www.thamesyachtclub.org

What is the revenue of Thames Yacht Club Inc?

Thames Yacht Club Inc's revenue in 2022 was $301,130.


Official website here: www.thamesyachtclub.org

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

The average compensation at Thames Yacht Club Inc during 2022 was $3,562. There are 15 employees and 20 volunteers at Thames Yacht Club Inc.


Here are 4 key members and their salaries:


Steve Smith (Vice Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Russell Carr (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leigh Reinhart (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marcel Couture (Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.thamesyachtclub.org

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

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


Official website here: www.thamesyachtclub.org

Learn more at the official website: www.thamesyachtclub.org

Mission Statement of Thames Yacht Club Inc

Thames Yacht Club Inc is dedicated to serving the boating community by offering a clubhouse and mooring facilities for sailboats. This nonprofit organization provides a comprehensive range of opportunities for its approximately 160 members, located in Niantic, CT. The clubhouse serves as a social hub, while the mooring and docking facilities allow members to keep their sailboats conveniently close. Beyond these practical services, Thames Yacht Club Inc also offers racing events, instructional programs, and social activities. This well-rounded approach to boating ensures that members can enjoy all aspects of their sailing hobby while being part of a supportive community.

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Impact




October, 2024

Thames Yacht Club Inc significantly enriches the community by providing vital resources for sailing enthusiasts in Niantic, CT. Its clubhouse and mooring facilities create a hub for approximately 160 members, fostering a vibrant sailing community. The club facilitates various activities, including racing, docking, and social gatherings, that promote camaraderie and a shared passion for sailing.

By offering instructional opportunities, Thames Yacht Club plays a crucial role in educating both novice and experienced sailors, enhancing their skills and confidence on the water. The club also contributes to the local economy by attracting visitors and promoting recreational boating, which supports local businesses. Overall, Thames Yacht Club serves as an essential asset to the community, encouraging outdoor activity, fostering social connections, and preserving the boating culture in the region.




This information is meant to be a general summary of Thames 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
$301,130 (2022)
Expenses
$261,078 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $34
  • Program Service Revenue: $296,194
  • Gross Receipts: $309,500

Assets and Liabilities:

  • Total Assets: $515,996
  • Total Liabilities: $273,014
  • Net Assets: $242,982

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Programs

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

MEMBERSHIP DUES

Revenue

$202,431

SAILING

Revenue

$41,653

MOORINGS

Revenue

$42,167

SOCIAL COMMITTEE

Revenue

$3,910

REGATTA COMMITTEE

Revenue

$6,033

Organization Details

Founding Year

1933

Principal Officer

Russell Carr

Main Address

180 FLANDER RD, NIANTIC, CT, 06357

NTEE Category

Code: N50 - Recreation

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