Sheepshead Bay Yacht Club Inc

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

EIN: 111321423 ✦ Brooklyn, NY ✦ Designated as a 501(c)(7)

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Overview

What is Sheepshead Bay Yacht Club Inc?

Sheepshead Bay Yacht Club Inc, situated in Brooklyn, New York, serves as a social club for the local community. By collecting membership fees, the organization covers its club-related expenses. The club is a hub for the community, offering a space for social interaction and engagement. The information provided does not detail any specific activities or missions beyond being a social club.

Is Sheepshead Bay Yacht Club Inc legitimate?

Sheepshead Bay Yacht Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Sheepshead Bay 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: $47,245

For more financial information, click here

What is the mission statement of Sheepshead Bay Yacht Club Inc?

The Sheepshead Bay Yacht Club Inc serves as a social club, catering to the community around it. The primary purpose of this organization is to provide a space for social interaction. Members contribute through club fees, which are utilized to cover related expenses. The club's activities are designed to foster a sense of community and camaraderie among its members. Its mission does not explicitly involve any charitable or advocacy work, but rather focuses on providing a social space for its members.

Who is the CEO of Sheepshead Bay Yacht Club Inc?

George Johnson Jr is the Commodore of Sheepshead Bay Yacht Club Inc.

What is the revenue of Sheepshead Bay Yacht Club Inc?

Sheepshead Bay Yacht Club Inc's revenue in 2021 was $282,433.

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


Here are 8 key members and their salaries:


George Johnson Jr (Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Glenn Johnson (Vice Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Campbell (Rear Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas A Mugno (Fleet Captain)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Greber (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Pruitt (Asst Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pat Walters (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Mcdonough (Asst Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Sheepshead Bay Yacht Club Inc?

Sheepshead Bay Yacht Club Inc's most recent form 990 was submitted in 2021 and can be accessed here.

Mission Statement of Sheepshead Bay Yacht Club Inc

Sheepshead Bay Yacht Club Inc serves as a social hub for the benefit of its surrounding community. This organization collects fees to cover its related club expenses. Its primary role is to provide a platform for community engagement and camaraderie. By charging membership fees, Sheepshead Bay Yacht Club Inc ensures it can sustain its operations and continue to serve its community.

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Impact




October, 2024

Sheepshead Bay Yacht Club Inc significantly impacts the surrounding community by providing a vibrant space for social interaction and recreation. As a social club, it fosters a sense of belonging and connection among locals, encouraging community engagement through various activities and events. By collecting fees to cover club expenses, the organization sustains its operations and continues to enhance the recreational opportunities available to residents. This contributes not only to the leisure and enjoyment of families and individuals in the area but also promotes local camaraderie and shared experiences. Ultimately, Sheepshead Bay Yacht Club Inc enriches the community's social fabric and supports a culture of togetherness and recreation in Brooklyn.




This information is meant to be a general summary of Sheepshead Bay 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
$282,433 (2021)
Expenses
$248,477 (2021)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Investment Income: $4
  • Program Service Revenue: $232,273
  • Gross Receipts: $329,295

Assets and Liabilities:

  • Total Assets: $318,554
  • Total Liabilities: $6,902
  • Net Assets: $311,652

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Programs

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

Membership Dues & Assessments

Revenue

$232,273

Organization Details

Principal Officer

George Johnson Jr

Main Address

3076 EMMONS AVENUE, BROOKLYN, NY, 11235

NTEE Category

Code: N50 - Recreation

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