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Locust Point Yacht Club Inc

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

EIN: 131718154 ✦ Bronx, NY ✦ Designated as a 501(c)(7)

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Overview

What is Locust Point Yacht Club Inc?

Locust Point Yacht Club Inc, situated in Bronx, New York, at 21 Longstreet Avenue, is a social organization dedicated to the promotion, support, and growth of yachting activities for its members. The club offers various programs and services to facilitate this, including training and instruction in piloting, maintenance, and safety. This nonprofit aims to foster a community of yacht enthusiasts and enhance their skills in yachting activities.

Is Locust Point Yacht Club Inc legitimate?

Locust Point Yacht Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Locust Point 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: $0

For more financial information, click here

What is the mission statement of Locust Point Yacht Club Inc?

The Locust Point Yacht Club Inc serves as a social organization, dedicated to fostering and nurturing yachting activities among its members. This includes providing training and instruction in essential skills such as piloting, maintenance, and safety. The club's primary goal is to support and promote the growth of these yachting activities, aiming to enhance the member's experience and competence in the field.

Who is the CEO of Locust Point Yacht Club Inc?

Joseph Donovan is the President of Locust Point Yacht Club Inc.

What is the revenue of Locust Point Yacht Club Inc?

Locust Point Yacht Club Inc's revenue in 2022 was $337,112.

Who are the executives of Locust Point Yacht Club Inc and what are their salaries?


Here are 3 key members and their salaries:


Joseph Donovan (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mathew O'Brien (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Peloso Jr (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Locust Point Yacht Club Inc?

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

Mission Statement of Locust Point Yacht Club Inc

Locust Point Yacht Club Inc is a social organization with a mission to foster, promote, and encourage yachting activities among its members. This mission extends to providing training and instruction in various aspects of yachting, such as piloting, maintenance, and safety. The club's activities are designed to support and nurture the growth of its members' yachting skills and experiences. By offering these resources, Locust Point Yacht Club Inc aims to create a vibrant and engaged community of yachting enthusiasts. The organization's mission is to serve as a hub for yachting knowledge and experience, providing its members with the tools and support they need to enjoy and excel in their yachting pursuits.

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Impact




October, 2024

Locust Point Yacht Club Inc fosters a vibrant community focused on yachting activities, enhancing both individual skill and collective enjoyment of the sport. By providing training and instruction in piloting, maintenance, and safety, the club empowers its members with essential knowledge and expertise, ensuring a safe and enjoyable experience on the water. The club's social organization promotes camaraderie among members, creating a supportive network for yachting enthusiasts and encouraging a shared passion for maritime activities.

In the Bronx, the Locust Point Yacht Club plays a vital role in promoting recreational opportunities, contributing to the local community's overall livability. Through organized events and activities, the club cultivates a culture of engagement, cooperation, and environmental stewardship, reinforcing the importance of responsible boating practices. Ultimately, the impact of Locust Point Yacht Club Inc is seen in the enhanced skills, safety awareness, and strong community bonds formed among its members, all while nurturing a love for yachting.




This information is meant to be a general summary of Locust Point 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.

Revenue
$337,112 (2022)
Expenses
$318,860 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $39
  • Program Service Revenue: $32,570
  • Gross Receipts: $426,015

Assets and Liabilities:

  • Total Assets: $932,574
  • Total Liabilities: $2,325
  • Net Assets: $930,249

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Programs

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

BOAT SLIP SALES/RENTAL

Revenue

$24,486

PRIVATE EVENTS

Revenue

$3,800

INITIATION FEES

Revenue

$3,684

SUNDRIES

Revenue

$600

Organization Details

Founding Year

1933

Principal Officer

Joseph Donovan

Main Address

21 LONGSTREET AVENUE, BRONX, NY, 10465

NTEE Category

Code: N50 - Recreation

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