Overview
What is Old Cove Yacht Club Inc?
Old Cove Yacht Club Inc, situated in New Suffolk, NY, serves as a recreational hub. The organization, led by Christopher Kuehn as the Treasurer, is primarily dedicated to supporting the sport of yachting and enhancing the knowledge of seamanship and navigation. It offers sailing instruction to its members, contributing to the growth and enjoyment of yachting as a pastime. The club's mission is to foster an appreciation for this nautical activity and to promote the essential skills required for sailing safely and effectively.
Is Old Cove Yacht Club Inc legitimate?
Old Cove Yacht Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Old Cove 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: $76,697
For more financial information, click here
What is the mission statement of Old Cove Yacht Club Inc?
The Old Cove Yacht Club Inc, as an organization, is dedicated to fostering the popularity of yachting and enhancing the understanding of seamanship and navigation. Their primary goal is to encourage participation in this nautical sport and advance the knowledge of sailing techniques and navigation skills. By doing so, they aim to nurture a community of sailors who appreciate the art and science of yachting.
Who is the CEO of Old Cove Yacht Club Inc?
Dion Lynch is the Commodore of Old Cove Yacht Club Inc.
What is the revenue of Old Cove Yacht Club Inc?
Old Cove Yacht Club Inc's revenue in 2022 was $198,330.
Who are the executives of Old Cove Yacht Club Inc and what are their salaries?
The average compensation at Old Cove Yacht Club Inc during 2022 was $5,113. There are 15 employees and 24 volunteers at Old Cove Yacht Club Inc.
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Where can I find the form 990 for Old Cove Yacht Club Inc?
Old Cove Yacht Club Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Old Cove Yacht Club Inc
Old Cove Yacht Club, as a nonprofit organization, is dedicated to fostering the passion for yachting and enhancing the understanding of seamanship and navigation. By promoting these activities, the club aims to encourage a deeper appreciation for the sport and the scientific aspects associated with it. The club serves as a platform that catalyzes the growth of yachting enthusiasts, providing them with the necessary knowledge and skills to navigate the waters safely and efficiently. The mission of Old Cove Yacht Club is not just about sailing, but also about nurturing a community of individuals who share a common interest in the sport, and who are committed to advancing their skills and understanding in the field of seamanship and navigation.
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Impact
October, 2024
Old Cove Yacht Club Inc plays a significant role in fostering a love for yachting and enhancing the skills of sailors in New Suffolk, NY. By providing sailing instruction, the organization helps individuals of all ages develop their seamanship and navigation abilities. This focus on education not only promotes the sport of yachting but also cultivates a sense of community among sailing enthusiasts.
Through its activities, Old Cove Yacht Club encourages outdoor recreation and provides a platform for members to connect with one another, share experiences, and participate in events that celebrate maritime culture. The club's commitment to teaching the science behind sailing ensures that participants acquire valuable knowledge that enhances their enjoyment of the sport while prioritizing safety on the water.
Overall, the club contributes to the local community by fostering youth engagement, promoting a healthy lifestyle through outdoor activities, and preserving the tradition of yachting for future generations.
This information is meant to be a general summary of Old Cove 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: $1,159
- Program Service Revenue: $167,420
- Gross Receipts: $207,123
Assets and Liabilities:
- Total Assets: $206,939
- Total Liabilities: $0
- Net Assets: $206,939
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tuition Revenues
Revenue
$157,460
Event Revenues
Revenue
$9,960
Organization Details
Founding Year
1955
Phone
(631) 553-9611Principal Officer
Dion Lynch
Main Address
PO Box 673, New Suffolk, NY, 11956
NTEE Category
Code: N50 - Recreation
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