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Varuna Boat Club Inc

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

EIN: 111437803 ✦ Brooklyn, NY ✦ Designated as a 501(c)(7)

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Overview

What is Varuna Boat Club Inc?

Varuna Boat Club Inc, located at 2806 Emmons Avenue, Brooklyn, New York 11235, is a nonprofit organization primarily dedicated to supporting the boating activities and dockage needs of its members. With a workforce of four individuals, the club aims to provide an environment conducive to its members' watercraft-related pursuits. The specifics of their activities and services, however, are not detailed in the information provided.

Is Varuna Boat Club Inc legitimate?

Varuna Boat Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Varuna Boat 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: $4,425

For more financial information, click here

What is the mission statement of Varuna Boat Club Inc?

The mission of Varuna Boat Club Inc, as stated, is centered around supporting its members' boating activities and providing dockage facilities. This organization is dedicated to enhancing its members' boating experiences, ensuring they have the necessary support and resources to fully enjoy their waterborne pursuits. By offering dockage, Varuna Boat Club Inc enables its members to safely store and maintain their boats, furthering their enjoyment of boating activities. In essence, the club's mission is to foster a supportive environment where members can participate in and derive pleasure from their boating hobbies.

Who is the CEO of Varuna Boat Club Inc?

Lawrence Brincat is the Secretary of Varuna Boat Club Inc.

What is the revenue of Varuna Boat Club Inc?

Varuna Boat Club Inc's revenue in 2022 was $179,646.

Who are the executives of Varuna Boat Club Inc and what are their salaries?

The average compensation at Varuna Boat Club Inc during 2022 was $1,106. There are 4 employees at Varuna Boat Club Inc.


Here are 6 key members and their salaries:


Christopher Arvelo (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lawrence Brincat (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Buchner (Captain)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donald Hellmers (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Martin Vezzuto Jr (Vice-Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steven Mattera (Fleet Captai)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Varuna Boat Club Inc?

Varuna Boat Club Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Varuna Boat Club Inc

Varuna Boat Club Inc is dedicated to supporting the boating activities and dockage needs of its members. This mission is at the heart of the club's operations, aiming to provide a platform for its members to engage in their love for boating. The club's primary focus is on ensuring that its members have the necessary resources and facilities to enjoy their boating experiences to the fullest. This includes providing dockage, a crucial aspect for boat owners, allowing them to safely store and access their vessels. By supporting its members' boating activities, Varuna Boat Club Inc fosters a sense of community and shared enjoyment among its members, making boating a more enriching experience for all.

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Impact




October, 2024

Varuna Boat Club Inc plays a significant role in enhancing the boating community in Brooklyn, NY. By providing essential support for members' boating activities and dockage, the club fosters a vibrant recreational environment that promotes water-based activities. This not only encourages members to engage in boating but also strengthens community ties among enthusiasts who share a passion for the water.

The club's dedication to supporting dockage facilitates access to boating resources, ensuring members can enjoy their leisure activities without logistical hurdles. This accessibility contributes to a culture of recreation that benefits not just individual members but also the broader community by promoting outdoor activities, environmental appreciation, and a connection to local waterways. Overall, Varuna Boat Club Inc positively impacts the recreational landscape of Brooklyn, nurturing a love for boating and fostering community engagement.




This information is meant to be a general summary of Varuna Boat 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
$179,646 (2022)
Expenses
$155,487 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $22
  • Program Service Revenue: $96,356
  • Gross Receipts: $205,296

Assets and Liabilities:

  • Total Assets: $330,616
  • Total Liabilities: $60,953
  • Net Assets: $269,663

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Programs

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

RENTAL-BOAT SLIPS & LIFT

Revenue

$35,542

SCRIPTS

Revenue

$18,695

MISC. REVENUE

Revenue

$14,353

BOAT STORAGE

Revenue

$12,475

RENTAL HALL

Revenue

$11,115

Organization Details

Founding Year

1932

Principal Officer

Lawrence Brincat

Main Address

2806 EMMONS AVENUE, BROOKLYN, NY, 112352244

NTEE Category

Code: N50 - Recreation

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