Overview
What is Watertown Yacht Club Inc?
Watertown Yacht Club Inc is a vibrant social organization situated in an unspecified location. Its primary focus is on promoting boating safety among both adults and children, ensuring a secure environment for their boat storage during summer and winter seasons. Moreover, this nonprofit organization strives to foster social growth and entertainment among its members through various programs, including entertainment events, administration, special projects, club operations, and maintenance activities.
Is Watertown Yacht Club Inc legitimate?
Watertown Yacht Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Watertown 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: $35,688
For more financial information, click here
What is the mission statement of Watertown Yacht Club Inc?
The Watertown Yacht Club (WYC) serves as a social hub for boat enthusiasts, with a primary mission to prioritize boating safety among both adults and minors. Additionally, the club offers facilities for storing boats during both summer and winter seasons. Beyond this, the WYC is committed to fostering social advancement and entertainment among its members through various programs, including Entertainment, Administration, Special Projects, Club Operations, and Maintenance.
Who is the CEO of Watertown Yacht Club Inc?
Frederick Heim Jr is the Treasurer of Watertown Yacht Club Inc.
What is the revenue of Watertown Yacht Club Inc?
Watertown Yacht Club Inc's revenue in 2022 was $243,332.
Who are the executives of Watertown Yacht Club Inc and what are their salaries?
The average compensation at Watertown Yacht Club Inc during 2022 was $35,688. There is 1 employee and 100 volunteers at Watertown Yacht Club Inc.
Here are 13 key members and their salaries:
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Where can I find the form 990 for Watertown Yacht Club Inc?
Watertown Yacht Club Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Watertown Yacht Club Inc
The Watertown Yacht Club, as a social organization of boaters, is dedicated to promoting boating safety among both adults and minors. Beyond this, the club offers facilities for the storage of boats during both summer and winter seasons. Furthermore, the Watertown Yacht Club strives to enhance the social advancement and entertainment of its members through various programs, including Entertainment, Administration, Special Projects, Club Operations, and Maintenance.
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Impact
October, 2024
Watertown Yacht Club Inc significantly enhances the boating community by promoting safety and fostering a vibrant social environment for its members. Through its commitment to boating safety education, the club ensures that both adults and minors are equipped with the knowledge needed to enjoy water activities responsibly.
Additionally, the club provides essential facilities for boat storage during the summer and winter months, making it easier for boating enthusiasts to maintain their vessels. This access to well-maintained facilities encourages more people to take part in boating activities, ultimately enriching the local maritime culture.
Moreover, the Watertown Yacht Club serves as a hub for social interaction and entertainment, offering a variety of programs that promote camaraderie among members. By organizing events and activities, the club enhances the social experience of its members, leading to a stronger sense of community among boaters in Watertown and surrounding areas. The club's multifaceted approach not only supports individual boaters but also contributes to the overall vibrancy and safety of the local boating ecosystem.
This information is meant to be a general summary of Watertown 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: $1,997
- Program Service Revenue: $100,605
- Gross Receipts: $250,692
Assets and Liabilities:
- Total Assets: $545,235
- Total Liabilities: $278,733
- Net Assets: $266,502
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Electricity
Revenue
$13,870
Float Rental
Revenue
$43,093
Winter Storage
Revenue
$43,642
Organization Details
Founding Year
1941
Phone
(617) 924-9848Principal Officer
Frederick Heim Jr
Main Address
PO Box 137, Watertown, MA, 02471
NTEE Category
Code: Z99 - Unknown
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