Overview
What is Essex Corinthian Yacht Club Inc?
Essex Corinthian Yacht Club Inc is a nonprofit organization dedicated to fostering an interest in yachting. They achieve this through a social club setup, providing various recreational and pleasure activities. The club's primary objective is to promote yachting as a leisure activity, thereby encouraging community engagement in this field.
Is Essex Corinthian Yacht Club Inc legitimate?
Essex Corinthian Yacht Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Essex Corinthian 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: $44,195
For more financial information, click here
What is the mission statement of Essex Corinthian Yacht Club Inc?
The Essex Corinthian Yacht Club Inc. operates with a mission to foster yachting, achieving this through a social club setup. This organization provides a platform for engaging in recreational and leisure yachting activities. By utilizing a social club structure, Essex Corinthian Yacht Club Inc. aims to encourage the enjoyment and participation in yachting among its members. The club's activities are geared towards promoting yachting as a leisure activity, offering opportunities for its members to engage and enjoy the sport.
What is the revenue of Essex Corinthian Yacht Club Inc?
Essex Corinthian Yacht Club Inc's revenue in 2023 was $295,734.
Who are the executives of Essex Corinthian Yacht Club Inc and what are their salaries?
The average compensation at Essex Corinthian Yacht Club Inc during 2023 was $1,768. There are 25 employees and 50 volunteers at Essex Corinthian Yacht Club Inc.
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Where can I find the form 990 for Essex Corinthian Yacht Club Inc?
Essex Corinthian Yacht Club Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Essex Corinthian Yacht Club Inc
Essex Corinthian Yacht Club Inc is dedicated to fostering an interest in yachting through a social club setup. This organization encourages leisure and recreational activities related to yachting. By operating as a social club, Essex Corinthian Yacht Club Inc provides a platform for individuals to engage in pleasure activities associated with yachting.
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Impact
October, 2024
Essex Corinthian Yacht Club Inc significantly impacts the community by fostering a love for yachting and promoting recreational activities. By serving as a social hub for enthusiasts, the club enhances the social fabric of Essex, CT, bringing individuals and families together through shared experiences on the water.
The club organizes various events and activities that not only allow members to engage in yachting but also promote camaraderie and community spirit. These initiatives encourage participation in recreational boating, which can lead to increased interest in maritime activities and awareness of boating safety and environmental stewardship.
Through its focus on leisure and pleasure activities, the Essex Corinthian Yacht Club empowers individuals to embrace the outdoors and connect with nature, contributing to both personal well-being and the overall health of the community. The club's efforts help sustain a vibrant maritime culture in the region, supporting local economies and preserving the coastal environment for future generations.
This information is meant to be a general summary of Essex Corinthian 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: $286
- Program Service Revenue: $295,140
- Gross Receipts: $295,734
Assets and Liabilities:
- Total Assets: $161,910
- Total Liabilities: $80,747
- Net Assets: $81,163
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ENTERTAINMENT
Revenue
$19,816
Membership Dues & Assessments
Revenue
$249,666
MERCHANDISE SALES
Revenue
$4,527
SEC, CLARK RACE, OTHER
Revenue
$3,396
WATERFRONT ACTIVITIES
Revenue
$17,735
Organization Details
Principal Officer
William Foster
NTEE Category
Code: N50 - Recreation
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