Larchmont Yacht Club

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

EIN: 131716713 ✦ Larchmont, NY ✦ Designated as a 501(c)(7)

Shop smarter and support your favorite cause at the same time! With the Give Freely browser extension, you'll automatically save money with coupons, and partner stores will donate to your chosen charity - at no extra cost to you. Start giving back with a single click. It's safe, free, and spam-free, guaranteed!

Overview

What is Larchmont Yacht Club?

The Larchmont Yacht Club is a nonprofit organization that fosters an interest in yachting and develops a sportsmanlike spirit among its members and their families. They provide an engaging social environment to promote yacht racing in the Corinthian spirit. The club's mission is to instill and strengthen the passion for yachting in its members, as well as offer programs that encourage and support yacht racing.


Official website here: www.larchmontyc.org

Is Larchmont Yacht Club legitimate?

Larchmont Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Larchmont 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: $219,841
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,169,024

For more financial information, click here


Official website here: www.larchmontyc.org

What is the mission statement of Larchmont Yacht Club?

The Larchmont Yacht Club is dedicated to fostering a passion for yachting among its members and their families. It actively encourages and offers programs to promote and sustain yacht racing, instilling the principles of sportsmanship. The club provides a socially engaging environment for its members, supporting the pursuit of yachting interests in a Corinthian spirit.


Official website here: www.larchmontyc.org

Who is the CEO of Larchmont Yacht Club?

Collamore R Crocker is the Commodore of Larchmont Yacht Club.


Official website here: www.larchmontyc.org

What is the revenue of Larchmont Yacht Club?

Larchmont Yacht Club's revenue in 2022 was $13,319,555.


Official website here: www.larchmontyc.org

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

The average compensation at Larchmont Yacht Club during 2022 was $18,359. There are 348 employees and 100 volunteers at Larchmont Yacht Club.


Here are 18 key members and their salaries:


Robert E Dailey Jr (Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steven J Leicht (Vice Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
J Christopher Schoen (Rear Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Merrill A Ulmer (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Collamore R Crocker (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Hl Devore (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Corey A Evaes (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Colin A Mcgranahan (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karen E Ronan (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian P Mccloskey (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrew B Weiss (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edward J Ferrarone Iii (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jane R Mcfarland (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ann M Mccreery (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Harper Sibley (Former General Manager)
  • Compensation: $304,186
  • Related: $0
  • Other: $10,653
Kerry Risley-Fredericks (Controller)
  • Compensation: $169,591
  • Related: $0
  • Other: $28,830
Somer Perez (F&B Director)
  • Compensation: $154,399
  • Related: $0
  • Other: $16,074
Rodrigo Amaral (Tennis Pro)
  • Compensation: $199,453
  • Related: $0
  • Other: $27,815


Official website here: www.larchmontyc.org

Where can I find the form 990 for Larchmont Yacht Club?

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


Official website here: www.larchmontyc.org

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

Mission Statement of Larchmont Yacht Club

Larchmont Yacht Club, a esteemed organization, strives to ignite and foster a passion for yachting among its members and their families. By promoting the Corinthian spirit, this club encourages a healthy competitive nature, enhancing the boating experience for all.

The mission of Larchmont Yacht Club is multifaceted. It aims to instill and cultivate a deep-rooted interest in yachting within its community, extending this enthusiasm to the families of its members. Furthermore, the club is dedicated to supporting and encouraging yacht racing, providing programs to facilitate this pursuit.

Through its initiatives, Larchmont Yacht Club fosters a lively, engaging social environment, where members and their loved ones can connect and thrive in their shared appreciation for yachting. The organization's commitment to the Corinthian spirit ensures a fair, respectful, and sportsmanlike atmosphere, where members can enjoy camaraderie and friendly competition on the water.

Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!

Impact




October, 2024

Larchmont Yacht Club plays a significant role in fostering a vibrant yachting community, enriching the lives of its members and their families through a passion for sailing and sportsmanship. By instilling and enhancing an interest in yachting, the club promotes not only individual skill development but also a shared camaraderie among sailors. Its socially engaging environment encourages families to participate together, building lasting relationships and a sense of community.

The club actively supports yacht racing, embodying the Corinthian spirit that values fair play and sportsmanship. Through various programs, members are provided with opportunities to hone their skills, engage in friendly competition, and celebrate their accomplishments collectively. This approach not only enhances the recreational aspect of sailing but also nurtures a culture of respect and integrity among sailors of all ages.

Located in Larchmont, NY, the club contributes to the local economy through events, regattas, and community involvement, bringing together a diverse group of individuals united by their love for the sport. The impact of Larchmont Yacht Club extends beyond the water, as it encourages stewardship of marine environments and promotes healthy, active lifestyles among its members. Overall, the club is a cornerstone of the local yachting landscape, dedicated to enriching the sailing experience for all involved.




This information is meant to be a general summary of Larchmont 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
$13,319,555 (2022)
201120122013201420152016201720182019202020212022$0$3.5M$7M$10.5M$14M
Expenses
$13,885,477 (2022)
201120122013201420152016201720182019202020212022$0$3.5M$7M$10.5M$14M
Efficiency
2011201220132014201520162017201820192020202120220%10%20%30%48%

Other financial information:

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

  • Investment Income: $4,783
  • Program Service Revenue: $8,579,404
  • Gross Receipts: $14,605,139

Assets and Liabilities:

  • Total Assets: $29,032,693
  • Total Liabilities: $13,127,483
  • Net Assets: $15,905,210

Want to help this charity, for free? You can click here to learn more about Give Freely

Programs

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

MEMBERSHIP DUES

Revenue

$5,875,135

CAPITAL ASSESSMENT

Revenue

$1,668,697

INITIATION FEES

Revenue

$1,035,572

Organization Details

Founding Year

1887

Principal Officer

Collamore R Crocker

Main Address

1 WOODBINE AVENUE, LARCHMONT, NY, 10538

NTEE Category

Code: N50 - Recreation

If you are a representative of Larchmont Yacht Club and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.