Overview
What is American Yacht Club?
The American Yacht Club, established in 1883 in New York City, is a nonprofit organization with a primary focus on fostering social recreation among its members and stimulating sailing and yachting activities. Founded by Jay Gould and a group of his associates, the club's mission remains unchanged, encouraging its members to engage in recreational and nautical pursuits. The American Yacht Club serves as a platform for members to engage in these activities, promoting an enjoyable and engaging environment.
Official website here: www.americanyc.org
Is American Yacht Club legitimate?
American Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. American 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: $258,309
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,874,588
For more financial information, click here
Official website here: www.americanyc.org
What is the mission statement of American Yacht Club?
The American Yacht Club, established in 1883, was primarily organized with the purpose of fostering social recreation among its members and encouraging sailing and yachting activities. Its mission is centered around promoting leisurely activities and sailing engagements, catering to the interests of its members.
Official website here: www.americanyc.org
Who is the CEO of American Yacht Club?
Ernest Bourassa is the Commodore of American Yacht Club.
Official website here: www.americanyc.org
What is the revenue of American Yacht Club?
American Yacht Club's revenue in 2022 was $10,489,305.
Official website here: www.americanyc.org
Who are the executives of American Yacht Club and what are their salaries?
The average compensation at American Yacht Club during 2022 was $18,127. There are 228 employees and 16 volunteers at American Yacht Club.
Here are 21 key members and their salaries:
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- Compensation: $234,263
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- Other: $18,301
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- Other: $15,670
- Compensation: $155,790
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- Other: $33,218
- Compensation: $129,388
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- Other: $15,217
Official website here: www.americanyc.org
Where can I find the form 990 for American Yacht Club?
American Yacht Club's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.americanyc.org
Learn more at the official website: www.americanyc.org
Mission Statement of American Yacht Club
The American Yacht Club, established in 1883, was formed with a primary objective to foster social recreation among its members and encourage sailing and yachting activities. This reputable organization, initiated by Jay Gould and a group of his friends, aims to promote these leisurely and competitive water-based pursuits among its members, thereby enriching their social experiences.
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Impact
October, 2024
The American Yacht Club, founded in 1883 in New York City by Jay Gould and a group of enthusiasts, significantly impacts the local community and the sailing culture at large. By fostering a vibrant social atmosphere among its members, AYC promotes recreational sailing and yachting, creating a platform for individuals to connect and share their passion for the water.
Located in Rye, NY, the club serves as a hub for sailing activities, encouraging participation at all skill levels. Its commitment to promoting social recreation not only enriches the lives of its members but also helps to cultivate a strong sense of community around maritime traditions. The club’s influence extends beyond its membership, as it often hosts events and regattas that attract sailors and spectators alike, thereby enhancing the local economy and encouraging interest in sailing as a lifelong pursuit.
In summary, the American Yacht Club plays a pivotal role in shaping the sailing landscape, nurturing camaraderie, and preserving the legacy of yachting as an integral part of American leisure culture.
This information is meant to be a general summary of American 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: $91,779
- Program Service Revenue: $6,939,301
- Gross Receipts: $11,891,517
Assets and Liabilities:
- Total Assets: $14,373,671
- Total Liabilities: $373,543
- Net Assets: $14,000,128
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$4,953,024
CAPITAL ASSESSMENTS
Revenue
$1,306,915
INITIATION FEES
Revenue
$679,362
Organization Details
Founding Year
1883
Phone
(914) 967-4800Principal Officer
Ernest Bourassa
Main Address
MILTON POINT, RYE, NY, 105800651
Website
www.americanyc.orgNTEE Category
Code: N03 - Recreation
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