Overview
What is North Cove Yacht Club Inc?
North Cove Yacht Club Inc, located in Old Saybrook, Connecticut, serves as a hub for yacht enthusiasts. Established with a focus on cruising and sail races, the club also offers junior sailing instruction to nurture the next generation of sailors. During the 2020 boating season, the club catered to 82 members, providing them with essential yacht club services. Its operations include steward services and mooring facilities, ensuring a comfortable and seamless sailing experience for its members. With a dedicated team of 9 employees, North Cove Yacht Club Inc continues to foster a community of sailors, promoting the joy and skill of sailing.
Official website here: www.ncyc.squarespace
What do the Facebook reviews say about North Cove Yacht Club Inc?
While North Cove Yacht Club Inc has yet to accumulate a numerical rating, it's evident from the early reviews that patrons hold the organization in high regard. One of the reviewers highlighted it as a "great place to be on the water," indicating a strong appreciation for the scenic location and the experience it provides.
The positive sentiment suggests that users feel satisfied with their time spent at the club, enjoying both the facilities and the atmosphere. As more reviews come in, it will be interesting to see if this initial enthusiasm continues and how it shapes the overall perception of the club.
This AI summary has been generated from reviews found on Facebook.
Is North Cove Yacht Club Inc legitimate?
North Cove Yacht Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. North Cove 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: $49,117
For more financial information, click here
Official website here: www.ncyc.squarespace
What is the mission statement of North Cove Yacht Club Inc?
North Cove Yacht Club Inc is dedicated to promoting yachting activities, specifically cruising, sail races, and providing junior sailing instruction. Their mission is to foster an environment where members can enjoy these activities and develop their sailing skills. The club offers various services such as maintaining a yacht club house, providing steward services, and offering mooring services. During the 2020 boating season, they served 82 members, indicating their commitment to providing a welcoming and engaging experience for their members.
Official website here: www.ncyc.squarespace
What is the revenue of North Cove Yacht Club Inc?
North Cove Yacht Club Inc's revenue in 2024 was $200,347.
Official website here: www.ncyc.squarespace
Who are the executives of North Cove Yacht Club Inc and what are their salaries?
The average compensation at North Cove Yacht Club Inc during 2024 was $5,457. There are 9 employees and 86 volunteers at North Cove Yacht Club Inc.
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Official website here: www.ncyc.squarespace
Where can I find the form 990 for North Cove Yacht Club Inc?
North Cove Yacht Club Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.ncyc.squarespace
Learn more at the official website: www.ncyc.squarespace
Mission Statement of North Cove Yacht Club Inc
North Cove Yacht Club Inc, as a renowned yacht club, is dedicated to promoting cruising, sail races, and providing junior sailing instruction. Its mission is multifaceted, encompassing various water-based activities. The club serves as a hub for sailors, offering a conducive environment for both experienced and novice sailors to hone their skills. The juniors, in particular, benefit from the club's focus on instruction, ensuring they develop a strong foundation in sailing. By engaging in cruising and sail races, members of North Cove Yacht Club Inc have the opportunity to test their abilities and build camaraderie within the sailing community.
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Impact
October, 2024
North Cove Yacht Club Inc plays a significant role in the local community by promoting recreational sailing and boating. By providing access to unique maritime activities, the club fosters a love for sailing through organized events like sail races and cruising, enhancing members' skills and confidence on the water.
The club also places a strong emphasis on education, offering junior sailing instruction which not only builds sailing competencies among young enthusiasts but also instills teamwork, responsibility, and respect for the marine environment. This educational component contributes to the long-term sustainability of sailing as a sport and hobby in the region.
With a dedicated clubhouse, steward services, and mooring facilities, North Cove Yacht Club serves as a hub for local sailors, creating a vibrant community where members can share experiences, participate in events, and cultivate friendships. In the 2020 boating season, the club engaged 82 members, illustrating its role as an essential resource for sailing enthusiasts in Old Saybrook, Connecticut. Through these activities, North Cove Yacht Club Inc enriches the recreational landscape of the area, promoting a healthy and active lifestyle while nurturing a deep appreciation for the water and sailing culture.
This information is meant to be a general summary of North Cove 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 2024.
- Investment Income: $4
- Program Service Revenue: $65,526
- Gross Receipts: $201,578
Assets and Liabilities:
- Total Assets: $546,450
- Total Liabilities: $155,795
- Net Assets: $390,655
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Social Activities
Revenue
$1,144
Junior Sailing Program
Revenue
$52,304
Racing Program
Revenue
$9,234
Stewards Guests
Revenue
$2,644
House use
Revenue
$200
Organization Details
Founding Year
1969
Principal Officer
Lou Vinciguerra
Website
www.ncyc.squarespaceNTEE Category
Code: N50 - Recreation
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