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Willowbank Yacht Club Inc

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

EIN: 150596658 ✦ Cazenovia, NY ✦ Designated as a 501(c)(7)

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Overview

What is Willowbank Yacht Club Inc?

Willowbank Yacht Club Inc, located in Cazenovia, New York, is a thriving nonprofit organization. With a team of 51 dedicated individuals, their primary focus is promoting and enhancing yachting and other water-based activities. They offer a variety of services to their members, including educational courses in sailing, as well as opportunities for social engagement. The club's mission is to foster a sense of community among its members, encouraging camaraderie and shared passion for aquatic sports. Their goal is to provide an enriching experience for all members, contributing to a vibrant and active yachting community.


Official website here: www.willowbankyc.com

Is Willowbank Yacht Club Inc legitimate?

Willowbank Yacht Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Willowbank 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: $152,494

For more financial information, click here


Official website here: www.willowbankyc.com

What is the mission statement of Willowbank Yacht Club Inc?

The mission of Willowbank Yacht Club Inc is centered around promoting and enhancing the popularity of yachting and other water-based sports. Additionally, the organization strives to foster social connections among its members. They achieve this through a variety of means, including offering member services, providing sailing lessons, and organizing social activities. The primary goal is to create an engaging environment for its members to enjoy aquatic sports and cultivate camaraderie.


Official website here: www.willowbankyc.com

Who is the CEO of Willowbank Yacht Club Inc?

Adam Walburger is the Commodore of Willowbank Yacht Club Inc.


Official website here: www.willowbankyc.com

What is the revenue of Willowbank Yacht Club Inc?

Willowbank Yacht Club Inc's revenue in 2022 was $457,555.


Official website here: www.willowbankyc.com

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

The average compensation at Willowbank Yacht Club Inc during 2022 was $2,990. There are 51 employees and 365 volunteers at Willowbank Yacht Club Inc.


Here are 12 key members and their salaries:


Nate Franz (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carol Pugh (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christina Frega (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Burch (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sara Mcdowell (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Judith Hight (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steven Maggio (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Annie Parry (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Adam Walburger (Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Victor Prial (Rear Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Todd Luchsinger (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Harig (Vice Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.willowbankyc.com

Where can I find the form 990 for Willowbank Yacht Club Inc?

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


Official website here: www.willowbankyc.com

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

Mission Statement of Willowbank Yacht Club Inc

Willowbank Yacht Club Inc is dedicated to advancing the popularity and excellence of aquatic activities, such as yachting, and fostering social connections among its members. The organization's primary goal is to promote and enhance these water-based sports while encouraging camaraderie among its members. Willowbank Yacht Club Inc achieves this mission by offering a variety of services, including member support, sailing lessons, and social events. These activities not only allow members to engage in their shared passion for aquatic sports but also provide opportunities for social interaction and relationship building.

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Impact




October, 2024

Willowbank Yacht Club Inc significantly contributes to the local community in Cazenovia, NY, by promoting yachting and aquatic sports. It provides an inclusive environment where individuals can engage in sailing lessons, fostering skills and a passion for water-based activities. The club’s focus on social interaction cultivates a sense of camaraderie among its members, enhancing community ties and encouraging networking.

Through organized social activities, the yacht club strengthens community bonds and brings people together, contributing to a vibrant local culture. By prioritizing the development of aquatic sports, Willowbank Yacht Club also emphasizes fitness, teamwork, and a healthy lifestyle, which can have lasting positive effects on personal well-being and community health. The club’s initiatives ultimately lead to community improvement, nurturing a shared appreciation for water sports and enhancing the quality of life for its members and the broader population.




This information is meant to be a general summary of Willowbank 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
$457,555 (2022)
Expenses
$436,728 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $956
  • Program Service Revenue: $217,091
  • Gross Receipts: $457,555

Assets and Liabilities:

  • Total Assets: $706,303
  • Total Liabilities: $14,239
  • Net Assets: $692,064

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Programs

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

Member services

Revenue

$86,540

Programs

Revenue

$72,612

Social

Revenue

$57,939

Organization Details

Founding Year

1949

Principal Officer

Adam Walburger

Main Address

27 Forman Street PO Box 321, Cazenovia, NY, 13035

NTEE Category

Code: S80 - Community improvement

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