The Devon Yacht Club Inc

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

EIN: 110678790 ✦ Amagansett, NY ✦ Designated as a 501(c)(7)

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Overview

What is The Devon Yacht Club Inc?

The Devon Yacht Club Inc is a nonprofit organization, primarily established for leisure and recreational purposes. Its main objective is to serve as a venue for enjoyment and relaxation, ensuring it remains dedicated to these goals at all times. The club's mission, albeit not fully disclosed in the provided information, is generally focused on providing a pleasurable and relaxing environment for its members.


Official website here: www.devonyc.com

Is The Devon Yacht Club Inc legitimate?

The Devon Yacht Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. The Devon 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: $335,449
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,582,866

For more financial information, click here


Official website here: www.devonyc.com

What is the mission statement of The Devon Yacht Club Inc?

The Devon Yacht Club Inc was established with the primary purpose of serving as a venue for leisure and recreation. It is intended to be operated solely for these pleasurable pursuits at all times. However, the specific mission statement of the club, as detailed in their schedule, is not provided in the given information. The club's activities, as per the data provided, are exempt from taxation.


Official website here: www.devonyc.com

Who is the CEO of The Devon Yacht Club Inc?

Patrick D Coleman is the President of The Devon Yacht Club Inc.


Official website here: www.devonyc.com

What is the revenue of The Devon Yacht Club Inc?

The Devon Yacht Club Inc's revenue in 2022 was $4,608,398.


Official website here: www.devonyc.com

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

The average compensation at The Devon Yacht Club Inc during 2022 was $24,913. There are 77 employees and 100 volunteers at The Devon Yacht Club Inc.


Here are 28 key members and their salaries:


David Sullivan (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Louise Collins (Vice Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Goeff Grant (Rear Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pat Coleman (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Seth Hendon (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Lyons (Fleet Captain)
  • Compensation: $0
  • Related: $0
  • Other: $0
Meg Bunn (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Duran (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Larry Kane (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Darcy Kuzmier (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leah Lebec (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jarrett Lilien (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Mackall (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jackie Mitchell (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alex Norton (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ashley Phyfe (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nicolas Hare (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael De Havenon (Honorary Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patricia Garvey (Honorary Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Hossenlopp (Honorary Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lucy Sachs (Honorary Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Curt Schade (Honorary Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gerard Turino (Honorary Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patricia Hollmann (General Manager)
  • Compensation: $319,853
  • Related: $0
  • Other: $15,596
Carey Favreau (Executive Chef)
  • Compensation: $157,500
  • Related: $0
  • Other: $8,548
Donald Schnell (Head Of Maintenance)
  • Compensation: $149,008
  • Related: $0
  • Other: $4,470
Christine Golding (Office Manager)
  • Compensation: $141,545
  • Related: $0
  • Other: $4,246
Timothy Snell (Tennis Director)
  • Compensation: $118,825
  • Related: $0
  • Other: $3,565


Official website here: www.devonyc.com

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

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


Official website here: www.devonyc.com

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

Mission Statement of The Devon Yacht Club Inc

The Devon Yacht Club Inc is established with the primary objective of serving as a venue for leisure and recreation. This organization is intended to operate solely for these purposes at all times. Its mission, as detailed in the provided information, is not explicitly stated. However, based on its purpose, it can be inferred that The Devon Yacht Club Inc aims to provide a relaxing and enjoyable atmosphere for its members, fostering camaraderie and leisure activities. The club's tax-exempt activities further emphasize its commitment to promoting recreational pursuits.

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Impact




October, 2024

The Devon Yacht Club Inc significantly enhances the community by providing a dedicated space for pleasure and recreation. Located in Amagansett, NY, it fosters a vibrant environment where members can engage in various recreational activities, promoting a sense of camaraderie and community spirit. By focusing on exclusive club activities that serve leisure purposes, it not only enriches the lives of its members but also contributes to the local economy by attracting visitors and promoting waterfront activities. The club’s commitment to recreation ultimately helps strengthen social bonds and supports a culture of healthy, outdoor lifestyles in the region.




This information is meant to be a general summary of The Devon 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
$4,608,398 (2022)
Expenses
$3,322,604 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $53,679
  • Program Service Revenue: $2,714,843
  • Gross Receipts: $5,029,310

Assets and Liabilities:

  • Total Assets: $10,996,678
  • Total Liabilities: $100,105
  • Net Assets: $10,896,573

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Programs

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

MEMBERSHIP DUES

Revenue

$2,161,926

INITIATION FEES

Revenue

$552,917

Organization Details

Founding Year

1916

Principal Officer

Patrick D Coleman

Main Address

PO BOX 2549, AMAGANSETT, NY, 119302549

NTEE Category

Code: N50 - Recreation

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