Overview
What is Cedarhurst Yacht Club?
The Cedarhurst Yacht Club, situated in Lawrence, New York, serves as a hub for social recreation in yachting. It provides its members with a clubhouse, offering them a space for enjoyment. The primary mission of this nonprofit organization is to foster social camaraderie in yachting and uphold a clubhouse for the gratification of its membership. The club's activities are exempt from taxation, making it an attractive proposition for yachting enthusiasts in the area.
Official website here: www.cycny.com
Is Cedarhurst Yacht Club legitimate?
Cedarhurst Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Cedarhurst 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $14,405
For more financial information, click here
Official website here: www.cycny.com
What is the mission statement of Cedarhurst Yacht Club?
The Cedarhurst Yacht Club is committed to fostering social recreation in yachting and preserving a clubhouse for the delight of its membership. Their primary goal is to encourage leisurely yachting activities and ensure the clubhouse is available for the enjoyment of its members. They offer tax-exempt activities, catering to their members' leisure time. In essence, the club aims to create a vibrant yachting community within its membership.
Official website here: www.cycny.com
What is the revenue of Cedarhurst Yacht Club?
Cedarhurst Yacht Club's revenue in 2023 was $350,617.
Official website here: www.cycny.com
Who are the executives of Cedarhurst Yacht Club and what are their salaries?
The average compensation at Cedarhurst Yacht Club during 2023 was $1,200. There are 12 employees at Cedarhurst Yacht Club.
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Official website here: www.cycny.com
Where can I find the form 990 for Cedarhurst Yacht Club?
Cedarhurst Yacht Club's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.cycny.com
Learn more at the official website: www.cycny.com
Mission Statement of Cedarhurst Yacht Club
Cedarhurst Yacht Club is an organization dedicated to promoting social recreation in the realm of yachting. Their primary mission is to provide a clubhouse that serves as a hub of enjoyment for their membership. By encouraging yachting activities, the club aims to foster a sense of camaraderie and shared experiences among its members. The clubhouse serves as a focal point, offering its members a place to unwind and engage in recreational activities related to yachting.
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Impact
October, 2024
Cedarhurst Yacht Club significantly enhances the local community by fostering social connections and recreational opportunities centered around yachting. Through organized activities and events, the club promotes a vibrant social environment where members can engage with one another, share their passion for sailing, and enjoy time on the water.
The club's well-maintained clubhouse serves as a central hub for gatherings, providing a welcoming space for members to relax, socialize, and participate in events. This creates a sense of camaraderie and belonging among members, enriching their lives and reinforcing community ties.
Moreover, Cedarhurst Yacht Club plays a vital role in introducing yachting to new enthusiasts, encouraging individuals of all ages to partake in the sport. By nurturing interest in yachting, the club not only supports the sport's growth but also contributes to the overall recreational landscape of Lawrence, NY. Ultimately, Cedarhurst Yacht Club serves as a catalyst for leisure, friendship, and a shared love for the water, positively impacting the lives of its members and the broader community.
This information is meant to be a general summary of Cedarhurst 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 2023.
- Investment Income: $27
- Program Service Revenue: $236,303
- Gross Receipts: $350,617
Assets and Liabilities:
- Total Assets: $1,458,149
- Total Liabilities: -$2,362
- Net Assets: $1,460,511
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$190,480
CAPITAL ASSESSMENT
Revenue
$39,793
INITIATION FEES
Revenue
$6,030
Organization Details
Founding Year
1908
Principal Officer
Sean Bannon
Website
www.cycny.comNTEE Category
Code: N50 - Recreation
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