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Whalers Cove Yacht Club

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

EIN: 112015841 ✦ Cold spring harbor, NY ✦ Designated as a 501(c)(7)

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Overview

What is Whalers Cove Yacht Club?

The Whalers Cove Yacht Club is a nonprofit organization situated in Cold Spring Harbor, New York. With a commitment to fostering camaraderie and goodwill, as well as promoting safe boating practices, this club is dedicated to serving the boating interests of its members. Furthermore, it advocates for maintaining a clean environment, ensuring that its activities align with these values. The club, which employs eight individuals, operates with a mission to promote these principles and contribute positively to the boating community.


Official website here: www.whalerscoveyachtclub.org

Is Whalers Cove Yacht Club legitimate?

Whalers Cove Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Whalers Cove Yacht Club 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: $177,235

For more financial information, click here


Official website here: www.whalerscoveyachtclub.org

What is the mission statement of Whalers Cove Yacht Club?

The Whalers Cove Yacht Club is dedicated to promoting camaraderie, positive relationships, and safe boating practices. Their mission also includes advocating for the boating interests of its members and contributing to the preservation of a clean environment. The club aims to serve its members in these aspects, fostering a sense of community within the boating community. They strive to ensure that boating activities are safe and enjoyable, and they are committed to maintaining a clean environment for future generations to enjoy.


Official website here: www.whalerscoveyachtclub.org

Who is the CEO of Whalers Cove Yacht Club?

Bob Fox is the Commodore of Whalers Cove Yacht Club.


Official website here: www.whalerscoveyachtclub.org

What is the revenue of Whalers Cove Yacht Club?

Whalers Cove Yacht Club's revenue in 2022 was $607,207.


Official website here: www.whalerscoveyachtclub.org

Who are the executives of Whalers Cove Yacht Club and what are their salaries?

The average compensation at Whalers Cove Yacht Club during 2022 was $22,154. There are 8 employees at Whalers Cove Yacht Club.


Here are 8 key members and their salaries:


Carl Girolamo (Past Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bob Basta (Rear Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bob Fox (Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Celestino (Vice Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Coyle (Sr Fleet Captn)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Mazzei (Jr Fleet Captn)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Griffin (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Paternoster (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.whalerscoveyachtclub.org

Where can I find the form 990 for Whalers Cove Yacht Club?

Whalers Cove Yacht Club's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.whalerscoveyachtclub.org

Learn more at the official website: www.whalerscoveyachtclub.org

Mission Statement of Whalers Cove Yacht Club

Whalers Cove Yacht Club, as an organization, is committed to fostering camaraderie, positive attitudes, and responsible boating practices, all while championing the boating interests of its members. Its primary mission is to promote a clean environment, goodwill, and safe boating experiences, ensuring that every member is well-served within this nautical community. By pursuing these objectives, Whalers Cove Yacht Club aims to contribute to a harmonious and sustainable boating environment for its members.

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Impact




October, 2024

Whalers Cove Yacht Club significantly enhances the community by fostering sociability and good will among boating enthusiasts. Its commitment to safe boating practices ensures that members are well-informed and responsible while enjoying the waterways, which contributes to a safer environment for all. Additionally, the club actively promotes a clean environment, encouraging members to engage in practices that protect and preserve the natural surroundings. By creating a space where boating interests are prioritized, the club cultivates a sense of camaraderie and shared purpose among its members, strengthening community bonds in Cold Spring Harbor, NY.




This information is meant to be a general summary of Whalers Cove Yacht Club. 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
$607,207 (2022)
Expenses
$497,328 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $3
  • Program Service Revenue: $555,004
  • Gross Receipts: $607,207

Assets and Liabilities:

  • Total Assets: $607,318
  • Total Liabilities: $296,805
  • Net Assets: $310,513

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Programs

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

ELECTRIC SURCHARGE

Revenue

$22,052

MEMBERSHIP DUES

Revenue

$518,752

SURCHARGE

Revenue

$14,200

Organization Details

Founding Year

1962

Principal Officer

Bob Fox

Main Address

PO Box 293, Cold Spring Harbor, NY, 11724

NTEE Category

Code: N99 - Recreation

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