Mayfield Yacht Club

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

EIN: 141605011 ✦ Mayfield, NY ✦ Designated as a 501(c)(7)

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Overview

What is Mayfield Yacht Club?

Mayfield Yacht Club is a private, nonprofit organization situated near the Great Sacandaga Lake. The primary objective of this club is to foster safe yachting practices. They offer a comprehensive junior sailing program to educate children about water and boat safety. Additionally, the club arranges weekly sailboat races and hosts three regattas annually, inviting both members and nonmembers to participate. This initiative aims to instill a sense of competition and ensure safety in yachting. Beyond sailing, the club is dedicated to providing a pleasant recreational experience for its members and their families, emphasizing safety, courtesy, and good sportsmanship.


Official website here: www.mayfieldyachtclub.com

Is Mayfield Yacht Club legitimate?

Mayfield Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Mayfield Yacht Club submitted a form 990EZ, 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.


Official website here: www.mayfieldyachtclub.com

What is the mission statement of Mayfield Yacht Club?

The Mayfield Yacht Club's mission is centered around the advancement of safe yachting. They offer a junior sailing program to educate children about water and boat safety. The club encourages competitive and safe yachting by organizing weekly sailboat races and hosting three regattas during the season, which are open to both members and non-members. The organization is committed to promoting safe boating practices, ensuring courteous behavior, and providing recreational opportunities for its members and their families.


Official website here: www.mayfieldyachtclub.com

Who is the CEO of Mayfield Yacht Club?

Frederic Klug is the Treasurer of Mayfield Yacht Club.


Official website here: www.mayfieldyachtclub.com

What is the revenue of Mayfield Yacht Club?

Mayfield Yacht Club's revenue in 2022 was $130,687.


Official website here: www.mayfieldyachtclub.com

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


Here are 11 key members and their salaries:


Jennifer Peterson (Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Butler (Vice Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dean Whalen (Immediate Past Commodo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Frederic Klug (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jean Ludlum (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steven Schwan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill Pfieffer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Aaron White (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Corey Shoemaker (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ross Snyder (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anthony Dean (Rear Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.mayfieldyachtclub.com

Where can I find the form 990EZ for Mayfield Yacht Club?

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


Official website here: www.mayfieldyachtclub.com

Learn more at the official website: www.mayfieldyachtclub.com

Mission Statement of Mayfield Yacht Club

Mayfield Yacht Club is dedicated to the advancement of safe yachting. Its mission revolves around promoting water and boat safety, especially among children through its junior sailing program. The club organizes weekly sailboat races and hosts three regattas during the season, inviting both members and non-members to participate. This approach aims to foster competitive and safe yachting experiences. Moreover, Mayfield Yacht Club is committed to the recreation of its members and their families, emphasizing courteous practice and the overall enjoyment of boating activities.

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Impact




October, 2024

Mayfield Yacht Club significantly enhances the yachting community on Great Sacandaga Lake by promoting safe boating practices and fostering a love for sailing among individuals of all ages. Its junior sailing program educates children about water and boat safety, instilling essential skills that contribute to a culture of safety on the water.

The club organizes weekly sailboat races, which not only create opportunities for friendly competition but also encourage sailors to improve their skills in a controlled and safe environment. The three regattas held throughout the season are open to both members and nonmembers, further promoting community engagement and inclusivity in the sport of yachting.

In addition to advancing yachting as a recreational activity, Mayfield Yacht Club emphasizes courteous practices among its members, creating a respectful and enjoyable atmosphere for everyone involved. This commitment to safety and community enriches the lives of its members and their families, allowing them to connect with nature and each other on the picturesque Great Sacandaga Lake.




This information is meant to be a general summary of Mayfield 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
$130,687 (2022)
Expenses
$111,921 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1,067
  • Program Service Revenue: $57,859
  • Gross Receipts: $130,687

Assets and Liabilities:

  • Total Assets: $417,275
  • Total Liabilities: $0
  • Net Assets: $417,275

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Organization Details

Principal Officer

Frederic Klug

Main Address

214 LAKESIDE DRIVE, MAYFIELD, NY, 12117

NTEE Category

Code: Y40 - Mutual benefit

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