Overview
What is Port Washington Yacht Club Inc?
Port Washington Yacht Club Inc is a not-for-profit organization situated in Port Washington, New York. It operates as a membership corporation, providing its members with a clubhouse, yachting services, a restaurant, and a bar. The club's primary purpose is to facilitate recreational and social activities for its members. Additionally, it offers tax-exempt club activities to its membership. The clubhouse serves as a hub for various activities, enabling members to engage in a range of recreational pursuits and socialize with one another.
Official website here: www.pwyc.com
Is Port Washington Yacht Club Inc legitimate?
Port Washington Yacht Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Port Washington 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: $236,602
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,327,358
For more financial information, click here
Official website here: www.pwyc.com
What is the mission statement of Port Washington Yacht Club Inc?
The Port Washington Yacht Club Inc, functioning as a not-forprofit membership corporation, is dedicated to providing its members with a clubhouse, yachting services, a restaurant, and a bar, along with various recreational and social activities. The primary objective is to foster an environment that encourages leisure and camaraderie among its members. The club also offers tax-exempt activities for its membership base.
Official website here: www.pwyc.com
Who is the CEO of Port Washington Yacht Club Inc?
Edward Parisi is the Commodore of Port Washington Yacht Club Inc.
Official website here: www.pwyc.com
What is the revenue of Port Washington Yacht Club Inc?
Port Washington Yacht Club Inc's revenue in 2022 was $6,285,277.
Official website here: www.pwyc.com
Who are the executives of Port Washington Yacht Club Inc and what are their salaries?
The average compensation at Port Washington Yacht Club Inc during 2022 was $14,088. There are 182 employees and 101 volunteers at Port Washington Yacht Club Inc.
Here are 23 key members and their salaries:
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- Compensation: $208,784
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- Other: $1,939
- Compensation: $138,112
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- Other: $690
Official website here: www.pwyc.com
Where can I find the form 990 for Port Washington Yacht Club Inc?
Port Washington Yacht Club Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pwyc.com
Learn more at the official website: www.pwyc.com
Mission Statement of Port Washington Yacht Club Inc
Port Washington Yacht Club Inc, functioning as a not-for-profit membership corporation, is dedicated to serving its members by providing a conducive environment for recreation and socialization. The club offers a variety of facilities, including a clubhouse, yachting service, restaurant, and bar, catering to the diverse interests of its members. By doing so, Port Washington Yacht Club Inc aims to foster a sense of community and camaraderie among its members, providing them with opportunities to engage in enjoyable activities and build lasting relationships. The club also extends tax-exempt benefits to its members, further enhancing their overall experience.
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Impact
October, 2024
Port Washington Yacht Club Inc plays a significant role in fostering community and recreational opportunities among its members. By providing a clubhouse and yachting services, the club creates a welcoming environment for social interaction and bonding. Its restaurant and bar offer a space for members to gather, enjoy meals, and participate in social events, thus enhancing the sense of camaraderie.
Additionally, the various activities organized by the club cater to a wide range of interests, ensuring that members can engage in recreational pursuits that resonate with them. This focus on recreation not only enriches the lives of its members but also contributes to the overall vitality of the Port Washington community by promoting an active and engaged lifestyle. The club serves as a hub for socialization, teamwork, and the shared passion for yachting, ultimately reinforcing community ties in Port Washington, NY.
This information is meant to be a general summary of Port Washington 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 2022.
- Investment Income: $59,380
- Program Service Revenue: $2,874,626
- Gross Receipts: $10,439,269
Assets and Liabilities:
- Total Assets: $8,865,892
- Total Liabilities: $2,663,530
- Net Assets: $6,202,362
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$2,324,735
MORTGAGE ASSESSMENT
Revenue
$282,191
INITIATION FEES
Revenue
$267,700
Organization Details
Founding Year
1905
Phone
(516) 767-1614Principal Officer
Edward Parisi
Main Address
ONE YACHT CLUB DRIVE, PORT WASHINGTON, NY, 11050
Website
www.pwyc.comNTEE Category
Code: N50 - Recreation
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