Overview
What is The New York Yacht Club?
The New York Yacht Club is a nonprofit organization, based on a shared passion for yachting and naval activities. With a mission to assemble like-minded individuals, they foster and cultivate this interest through various yachting and yacht racing endeavors. The club's activities are tax-exempt.
Official website here: www.nyyc.org
Is The New York Yacht Club legitimate?
The New York Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. The New York 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: $1,185,609
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,815,254
For more financial information, click here
Official website here: www.nyyc.org
What is the mission statement of The New York Yacht Club?
The New York Yacht Club serves as a gathering place for individuals with a shared passion for yachting and naval activities. Its mission is to connect and engage a committed group of members in the pursuit of their yachting interests. By fostering a community of like-minded individuals, the club encourages the growth and development of yachting and yacht racing. The club's activities, which are tax exempt, aim to provide a platform for members to share their knowledge, skills, and experiences related to yachting.
Official website here: www.nyyc.org
Who is the CEO of The New York Yacht Club?
Peter P Benedetto Ii is the Commodore of The New York Yacht Club.
Official website here: www.nyyc.org
What is the revenue of The New York Yacht Club?
The New York Yacht Club's revenue in 2022 was $24,855,889.
Official website here: www.nyyc.org
Who are the executives of The New York Yacht Club and what are their salaries?
The average compensation at The New York Yacht Club during 2022 was $33,560. There are 298 employees and 360 volunteers at The New York Yacht Club.
Here are 29 key members and their salaries:
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- Other: $32,505
Official website here: www.nyyc.org
Where can I find the form 990 for The New York Yacht Club?
The New York Yacht Club's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nyyc.org
Learn more at the official website: www.nyyc.org
Mission Statement of The New York Yacht Club
The New York Yacht Club, a tax-exempt organization, serves as a gathering place for a committed group of individuals with a shared passion for yachting and naval activities. Its mission is twofold: first, to unite and assemble yachting enthusiasts and naval members; second, to cultivate and nurture their interest in sailing and yacht racing. By bringing like-minded people together, the club fosters a vibrant community where members can learn from one another, share experiences, and engage in stimulating activities related to their shared hobby.
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Impact
October, 2024
The New York Yacht Club has significantly contributed to the yachting community by fostering a spirit of camaraderie and shared passion among its members. By bringing together a dedicated group of yachting enthusiasts, the club serves as a central hub for those interested in sailing and yacht racing. This environment promotes not only recreational sailing but also a culture of competition, skill development, and maritime knowledge.
Through various activities and events, the club has a profound impact on the yachting world, facilitating opportunities for networking and collaboration among members. Its commitment to sailing excellence encourages innovation in yacht design and racing techniques, influencing the broader community. The New York Yacht Club also plays a key role in promoting sailing as a sport, nurturing future generations of sailors and yachting aficionados. Overall, its influence extends beyond its immediate membership, enriching the maritime heritage and practices of the region and the industry as a whole.
This information is meant to be a general summary of The New York 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $422,031
- Program Service Revenue: $12,927,475
- Gross Receipts: $29,505,620
Assets and Liabilities:
- Total Assets: $51,553,114
- Total Liabilities: $2,839,090
- Net Assets: $48,714,024
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DUES
Revenue
$9,837,255
CAPITAL CHARGES
Revenue
$2,243,804
ENTRANCE FEES
Revenue
$846,416
Organization Details
Founding Year
1865
Phone
(212) 382-1000Principal Officer
Peter P Benedetto Ii
Main Address
37 WEST 44TH STREET, NEW YORK, NY, 100366613
Website
www.nyyc.orgNTEE Category
Code: N50 - Recreation
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