Overview
What is Manhasset Bay Yacht Club?
Manhasset Bay Yacht Club is a nonprofit organization that serves as a gathering place for individuals and families with an interest in yachting. Their main purpose, as stated in their tax-exempt activities, is to attract and engage this community. While the specific details about their mission and activities are not provided in the information, it is implied that they offer various yachting-related activities and events. It's essential to note that more comprehensive information about their schedule or other aspects may be available from their official sources.
Official website here: www.manhassetbayyc.org
Is Manhasset Bay Yacht Club legitimate?
Manhasset Bay Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Manhasset Bay Yacht Club 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: $176,697
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,977,216
For more financial information, click here
Official website here: www.manhassetbayyc.org
What is the mission statement of Manhasset Bay Yacht Club?
The Manhasset Bay Yacht Club's mission, as outlined, is geared towards attracting individuals and families with an interest in yachting. However, the specific details of their mission statement are not provided in the information given. The club's activities are tax-exempt, but the context and purpose of these activities remain undisclosed. As such, a comprehensive mission statement cannot be provided at this time.
Official website here: www.manhassetbayyc.org
What is the revenue of Manhasset Bay Yacht Club?
Manhasset Bay Yacht Club's revenue in 2023 was $5,948,425.
Official website here: www.manhassetbayyc.org
Who are the executives of Manhasset Bay Yacht Club and what are their salaries?
The average compensation at Manhasset Bay Yacht Club during 2023 was $22,055. There are 143 employees and 11 volunteers at Manhasset Bay Yacht Club.
Here are 17 key members and their salaries:
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- Compensation: $174,500
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- Other: $2,197
- Compensation: $125,400
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- Other: $9,891
- Compensation: $132,650
- Related: $0
- Other: $18,014
Official website here: www.manhassetbayyc.org
Where can I find the form 990 for Manhasset Bay Yacht Club?
Manhasset Bay Yacht Club's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.manhassetbayyc.org
Learn more at the official website: www.manhassetbayyc.org
Mission Statement of Manhasset Bay Yacht Club
Manhasset Bay Yacht Club, a tax-exempt organization, is dedicated to engaging individuals and families with an interest in yachting. Its primary mission, though not explicitly stated in the provided information, can be inferred from its purpose of attracting yacht enthusiasts. The club likely organizes various activities and events related to yachting, providing a platform for members to learn, engage, and enjoy the sport together. The specifics of these activities and events, including their frequency and nature, may be outlined in their schedule, which is unfortunately not included in the provided information.
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Impact
October, 2024
Manhasset Bay Yacht Club significantly influences the community by fostering a love for yachting among individuals and families. It serves as a hub for recreational activities, promoting both leisure and sport within the picturesque setting of Port Washington, NY. The club offers a welcoming environment where members can engage in sailing, social events, and educational programs, enhancing their skills and knowledge of yachting. By attracting diverse participants, it strengthens community bonds, encourages family involvement, and enhances the local economy. Through its commitment to recreation, the yacht club not only enriches the lives of its members but also contributes to the overall vibrancy of the area.
This information is meant to be a general summary of Manhasset Bay Yacht Club. 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: $8,487
- Program Service Revenue: $2,990,589
- Gross Receipts: $6,670,585
Assets and Liabilities:
- Total Assets: $7,893,356
- Total Liabilities: $3,068,578
- Net Assets: $4,824,778
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$2,373,889
CAPITAL ASSESSMENTS
Revenue
$324,272
MEMBERSHIP ASSESSMENTS
Revenue
$189,528
INITIATION FEES
Revenue
$102,900
Organization Details
Founding Year
1891
Principal Officer
Timothy Reilly
Website
www.manhassetbayyc.orgNTEE Category
Code: N03 - Recreation
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