Keystone Yacht Club Inc

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

EIN: 110951600 ✦ Woodmere, NY ✦ Designated as a 501(c)(7)

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Overview

What is Keystone Yacht Club Inc?

Keystone Yacht Club Inc, situated in Woodmere, New York, functions as a nonprofit organization with a focus on aquatic sports. With a dedicated team of six employees, the club encourages and facilitates the enjoyment, use, and participation of its members in various water activities. Based at the foot of Woodmere Boulevard, the club offers an engaging environment for its members to engage in aquatic pursuits. The mission of Keystone Yacht Club Inc is to foster a community around these water sports, providing a platform for its members to enjoy and partake in these activities.

Is Keystone Yacht Club Inc legitimate?

Keystone Yacht Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Keystone 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: $94,692

For more financial information, click here

What is the mission statement of Keystone Yacht Club Inc?

The Keystone Yacht Club Inc's mission revolves around encouraging and facilitating the enjoyment, use, and participation of its members in aquatic sports. This mission statement is aimed at providing a platform for members to engage in various water-based activities, fostering a sense of community and shared enjoyment. The club's objective is to promote the use and enjoyment of aquatic sports among its members, thereby offering them a unique and engaging experience.

Who is the CEO of Keystone Yacht Club Inc?

Jason Teramo is the Commodore of Keystone Yacht Club Inc.

What is the revenue of Keystone Yacht Club Inc?

Keystone Yacht Club Inc's revenue in 2023 was $455,828.

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

The average compensation at Keystone Yacht Club Inc during 2023 was $15,782. There are 6 employees at Keystone Yacht Club Inc.


Here are 6 key members and their salaries:


David Norman (Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Laxton (Vice Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Enzo Guidi (Financial Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steven Liguori (Recording Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jason Teramo (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Clark (Rear Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Keystone Yacht Club Inc?

Keystone Yacht Club Inc's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Keystone Yacht Club Inc

Keystone Yacht Club Inc is dedicated to promoting the enjoyment, use, and participation of its members in aquatic sports. The organization's mission is centered around providing an avenue for members to engage in water-based activities, fostering a sense of community and camaraderie. By encouraging participation in aquatic sports, Keystone Yacht Club Inc aims to offer its members a unique and enjoyable experience, fostering a sense of enjoyment and fulfillment. The club's activities are geared towards enabling members to utilize and enjoy the waters, engaging in various aquatic sports.

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Impact




October, 2024

Keystone Yacht Club Inc significantly enhances community engagement by promoting the enjoyment and participation in aquatic sports. Located in Woodmere, NY, the club serves as a hub for individuals and families to come together, fostering a sense of camaraderie and shared interests among its members. Through various recreational activities, the club not only encourages physical fitness but also nurtures a love for water-based sports, cultivating skills and confidence in participants.

The club's focus on aquatic activities creates opportunities for members to learn, compete, and socialize, ultimately strengthening community ties. By providing a welcoming environment for all skill levels, Keystone Yacht Club Inc contributes to the overall well-being of its members, enhancing their quality of life and creating lasting memories in a supportive atmosphere. Its impact extends beyond just recreational enjoyment—it's about building a vibrant community centered around aquatic sports.




This information is meant to be a general summary of Keystone 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
$455,828 (2023)
Expenses
$515,163 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $142
  • Gross Receipts: $455,828

Assets and Liabilities:

  • Total Assets: $590,017
  • Total Liabilities: $67,446
  • Net Assets: $522,571

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Organization Details

Principal Officer

Jason Teramo

Main Address

FOOT OF WOODMERE BLVD, WOODMERE, NY, 11598

NTEE Category

Code: N03 - Recreation

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