Overview
What is American Boat & Yacht Council Inc?
American Boat & Yacht Council Inc, situated in Annapolis, Maryland, is a dedicated nonprofit organization committed to enhancing boating safety. Their primary mission is to create and disseminate voluntary guidelines for boat safety, aiming to ensure the well-being of boaters. Furthermore, they engage in educating individuals about safe boating practices. The organization's presence in Annapolis serves as a testament to its dedication to promoting boating safety across the boating community.
Official website here: www.abycinc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (59%)
The American Boat & Yacht Council Inc has received a One-Star rating from Charity Navigator, indicating significant room for improvement in accountability and financial practices. While the organization boasts a fully independent board and good internal policies regarding conflicts of interest and document retention, it struggles with transparency, as evidenced by missing financial statements and a lack of a whistleblower policy.
Strengths include a strong governance structure, with all board members being independent, which suggests a commitment to ethical oversight. Additionally, the organization has demonstrated sound financial management, reflected in a healthy liabilities-to-assets ratio. However, the absence of required financial documentation on its website raises concerns about accessibility and transparency for donors and stakeholders.
Despite positive signs in governance, the Council's overall score reflects a need for enhanced financial accountability and improved communication regarding its financial health. Addressing these limitations could elevate the organization's credibility and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is American Boat & Yacht Council Inc legitimate?
American Boat & Yacht Council Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. American Boat & Yacht Council 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: $223,185
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,400,474
For more financial information, click here
Official website here: www.abycinc.org
What is the mission statement of American Boat & Yacht Council Inc?
The American Boat and Yacht Council, an organization dedicated to boating safety, fulfills its mission by creating and disseminating voluntary standards for safer boat operations. Their primary focus is on educating individuals about safe boating practices. By promoting these standards and educational resources, the American Boat and Yacht Council strives to enhance boating safety for all.
Official website here: www.abycinc.org
Who is the CEO of American Boat & Yacht Council Inc?
John Adey is the Chair of American Boat & Yacht Council Inc.
Official website here: www.abycinc.org
What is the revenue of American Boat & Yacht Council Inc?
American Boat & Yacht Council Inc's revenue in 2022 was $3,583,025.
Official website here: www.abycinc.org
Who are the executives of American Boat & Yacht Council Inc and what are their salaries?
The average compensation at American Boat & Yacht Council Inc during 2022 was $81,183. There are 20 employees at American Boat & Yacht Council Inc.
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- Compensation: $223,185
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Official website here: www.abycinc.org
Where can I find the form 990 for American Boat & Yacht Council Inc?
American Boat & Yacht Council Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.abycinc.org
Learn more at the official website: www.abycinc.org
Mission Statement of American Boat & Yacht Council Inc
The American Boat & Yacht Council, a renowned organization, is dedicated to promoting boating safety. Their mission revolves around developing and disseminating voluntary standards for safe boating practices. By publishing these guidelines, they aim to ensure the safety of individuals engaging in boating activities. Moreover, the council also invests in educating people about boating safety, equipping them with the necessary knowledge to navigate the water safely. This proactive approach to boating safety positions the American Boat & Yacht Council as a vital player in the boating community, striving to minimize risks and promote a secure boating experience for all.
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Impact
July, 2024
American Boat & Yacht Council Inc plays a significant role in promoting boating safety through the development and publication of voluntary standards for boat safety. By educating individuals on boating safety measures, this organization contributes to the overall improvement of safety standards within the boating industry. Their impact is particularly important in ensuring a safer and more responsible boating environment for enthusiasts and professionals alike.
This information is meant to be a general summary of American Boat & Yacht Council 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: $37,115
- Program Service Revenue: $3,401,390
- Gross Receipts: $3,700,391
Assets and Liabilities:
- Total Assets: $1,921,910
- Total Liabilities: $852,959
- Net Assets: $1,068,951
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SEMINARS
Revenue
$1,441,488
MEMBERSHIPS
Revenue
$1,403,008
GRANTS
Revenue
$485,894
LICENSING
Revenue
$50,000
PROFESSIONAL FEES
Revenue
$21,000
Organization Details
Founding Year
1988
Phone
(410) 990-4460Principal Officer
John Adey
Main Address
613 THIRD STREET 10, ANNAPOLIS, MD, 21403
Website
www.abycinc.orgNTEE Category
Code: N03 - Recreation
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