Guilford Yacht Club Association Inc

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

EIN: 066049176 ✦ Guilford, CT ✦ Designated as a 501(c)(7)

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Overview

What is Guilford Yacht Club Association Inc?

Guilford Yacht Club Association Inc, based in Guilford, Connecticut, is a nonprofit organization that caters to over 170 families and members. Their primary focus is on providing a range of recreational activities, including boating, swimming, and social events. The club offers its members various facilities and generates revenue mainly through membership dues and special events.


Official website here: www.gyc.com

Is Guilford Yacht Club Association Inc legitimate?

Guilford Yacht Club Association Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Guilford Yacht Club Association 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: $0

For more financial information, click here


Official website here: www.gyc.com

What is the mission statement of Guilford Yacht Club Association Inc?

The Guilford Yacht Club Association Inc serves its members by providing facilities for boating, swimming, social gatherings, and beverages, primarily generating income through membership dues and special events. The club caters to over 170 families and other members, offering a range of activities aimed at fostering a community around maritime pursuits. The association's primary goal is to create an engaging environment where members can enjoy their shared passion for boating and socializing.


Official website here: www.gyc.com

Who is the CEO of Guilford Yacht Club Association Inc?

Allison Franks is the Director of Guilford Yacht Club Association Inc.


Official website here: www.gyc.com

What is the revenue of Guilford Yacht Club Association Inc?

Guilford Yacht Club Association Inc's revenue in 2022 was $136,917.


Official website here: www.gyc.com

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


Here are 4 key members and their salaries:


Mark Allegrini (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Briganti (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karen Downer-Doyle (Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Allison Franks (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.gyc.com

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

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


Official website here: www.gyc.com

Learn more at the official website: www.gyc.com

Mission Statement of Guilford Yacht Club Association Inc

Guilford Yacht Club Association Inc is committed to providing its members with a host of facilities that cater to boating, swimming, and social activities. Their primary source of revenue is derived from membership dues and special events. The organization serves over 170 families and other members, offering them a platform to engage in various water-based activities and social events. In essence, Guilford Yacht Club Association Inc aims to create an enjoyable and engaging environment for its members, fostering a sense of camaraderie and shared experiences.

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Impact




October, 2024

Guilford Yacht Club Association Inc plays a significant role in fostering community and recreational opportunities in Guilford, CT. By providing facilities for boating, swimming, and social events, it enriches the lives of over 170 families and other members. The club serves as a hub for social interaction, allowing families and individuals to connect through shared interests in water sports and activities.

Through its diverse offerings, including special events and social activities, the club promotes a sense of belonging and community engagement among its members. It not only enhances the quality of life for participants by encouraging outdoor recreation and active lifestyles but also contributes to the local economy through generated revenue from membership dues and events. The Guilford Yacht Club stands as a vital contributor to the recreational landscape of the area, creating lasting memories and strengthening community ties.




This information is meant to be a general summary of Guilford Yacht Club Association 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
$136,917 (2022)
Expenses
$131,311 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $26
  • Program Service Revenue: $144,593
  • Gross Receipts: $147,730

Assets and Liabilities:

  • Total Assets: $88,036
  • Total Liabilities: $2,646
  • Net Assets: $85,390

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Programs

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

CLUBHOUSE MEMBERSHIP DUES

Revenue

$60,906

DOCKSIDE MEMBERSHIP DUES

Revenue

$31,518

SAILING PROGRAM

Revenue

$24,460

INITIATION: CLUBHOUSE MEMBER

Revenue

$15,819

ASSOCIATION MEMBER DUES

Revenue

$9,175

Organization Details

Principal Officer

Allison Franks

Main Address

379 WHITFIELD STREET, GUILFORD, CT, 06437

NTEE Category

Code: N50 - Recreation

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