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Stony Brook Yacht Club Inc

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

EIN: 111374565 ✦ Stony brook, NY ✦ Designated as a 501(c)(7)

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Overview

What is Stony Brook Yacht Club Inc?

Stony Brook Yacht Club Inc, based in Stony Brook, New York, is a nonprofit organization that primarily focuses on fostering the sports of yachting and boating. Established with the aim of promoting seamanship and navigation, the club also provides and maintains a suitable clubhouse and anchorage for its members. The primary activity of Stony Brook Yacht Club Inc is to cater to its members' food needs at the clubhouse facility. With a dedicated workforce of 70 individuals, the club plays an essential role in the recreational boating community of Stony Brook.

Is Stony Brook Yacht Club Inc legitimate?

Stony Brook Yacht Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Stony Brook 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: $678,993

For more financial information, click here

What is the mission statement of Stony Brook Yacht Club Inc?

The Stony Brook Yacht Club Inc was established with the purpose of encouraging and promoting the sports of yachting and boating. It aims to advance the knowledge of seamanship and navigation among its members. Additionally, the club was organized to provide and maintain a suitable clubhouse and anchorage for its members' leisure and recreation. The club's mission also includes offering food services at its clubhouse facility for its members.

Who is the CEO of Stony Brook Yacht Club Inc?

Mark Reith is the Commodore of Stony Brook Yacht Club Inc.

What is the revenue of Stony Brook Yacht Club Inc?

Stony Brook Yacht Club Inc's revenue in 2022 was $1,921,676.

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

The average compensation at Stony Brook Yacht Club Inc during 2022 was $9,700. There are 70 employees at Stony Brook Yacht Club Inc.


Here are 8 key members and their salaries:


Mark Reith (Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Clay Crouch (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dan Oliveri (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Buscemi (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vincent Gargano (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dennis Bologna (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ernst Dinda (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Mcdonald (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Stony Brook Yacht Club Inc?

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

Mission Statement of Stony Brook Yacht Club Inc

Stony Brook Yacht Club Inc, established with a mission, aims to foster the sports of yachting and boating among its members. The organization seeks to promote the science of seamanship and navigation, providing a suitable clubhouse and anchorage for its members' recreational and leisure activities. With this purpose, the club offers food services at its clubhouse facility, catering to the needs of its members.

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Impact




October, 2024

Stony Brook Yacht Club Inc significantly enhances the local community's engagement with yachting and boating, encouraging both recreational and educational pursuits in these activities. By promoting the science of seamanship and navigation, the club fosters a deeper understanding and appreciation for maritime skills among its members. The well-maintained clubhouse and anchorage facilities provide a conducive environment for social interaction, learning, and organized events, enhancing the overall boating experience for its members.

Additionally, the food services offered at the clubhouse allow for communal gatherings, fostering a sense of camaraderie and connection among members. This welcoming atmosphere not only enriches the lives of those involved but also contributes to the local culture surrounding water sports and outdoor recreation in Stony Brook, NY. Overall, Stony Brook Yacht Club Inc plays a crucial role in nurturing a vibrant boating community while promoting responsible practices in seamanship and navigation.




This information is meant to be a general summary of Stony Brook 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
$1,921,676 (2022)
Expenses
$2,001,210 (2022)
Efficiency

Other financial information:

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

  • Program Service Revenue: $1,763,772
  • Gross Receipts: $2,019,126

Assets and Liabilities:

  • Total Assets: $3,314,891
  • Total Liabilities: $2,009,882
  • Net Assets: $1,305,009

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Programs

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

BEACH

Revenue

$3,380

FOOD SERVICES

Revenue

$507,321

LAGOON RENTAL

Revenue

$206,506

MEMBERSHIP DUES & ASSESS

Revenue

$913,587

MEMBERSHIP ENTERTAINMENT

Revenue

$132,978

Organization Details

Founding Year

1913

Principal Officer

Mark Reith

Main Address

PO BOX 755, STONY BROOK, NY, 11790

NTEE Category

Code: N67Z - Recreation

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