Buffalo Yacht Club

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

EIN: 160368750 ✦ Buffalo, NY ✦ Designated as a 501(c)(7)

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Overview

What is Buffalo Yacht Club?

The Buffalo Yacht Club, established in 1860, is a prominent social club located at ONE PORTER AVENUE, BUFFALO, NY, 14201. With a strong membership base, this nonprofit organization extends its services to club members and their families, offering them a variety of facilities that foster and cultivate yachting and other aquatic sports. The club also encourages leisure time activities and entertainment. Distinguishing itself as the only twelve-month, private yacht club operating in two countries, the Buffalo Yacht Club boasts a team of 72 dedicated employees, ensuring an engaging and supportive environment for its members.


Official website here: www.buffaloyachtclub.org

Is Buffalo Yacht Club legitimate?

Buffalo Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Buffalo 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: $162,400
Professional Fundraising Fees: $0
Other Salaries and Wages: $347,093

For more financial information, click here


Official website here: www.buffaloyachtclub.org

What is the mission statement of Buffalo Yacht Club?

The Buffalo Yacht Club serves as a social club, extending its facilities to its members, their families, and guests. The primary objective of the club is to foster and cultivate yachting and other aquatic sports, as well as provide a platform for various leisure time activities and entertainment. The Buffalo Yacht Club stands out as the only twelve-month, private yacht club with two locations in two countries and is recognized as the third oldest yacht club in America, having been established in 1860.


Official website here: www.buffaloyachtclub.org

Who is the CEO of Buffalo Yacht Club?

Salvatore Depasquale is the Club General Manager of Buffalo Yacht Club.


Official website here: www.buffaloyachtclub.org

What is the revenue of Buffalo Yacht Club?

Buffalo Yacht Club's revenue in 2022 was $1,876,845.


Official website here: www.buffaloyachtclub.org

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

The average compensation at Buffalo Yacht Club during 2022 was $7,076. There are 72 employees and 120 volunteers at Buffalo Yacht Club.


Here are 16 key members and their salaries:


Kevin Osinski (Board Member/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Grenauer (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Theodore Johnson (Board Member/Vice Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Douglas Bienko (Board Member/Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steven Munschauer (Board Member (To 9/2022))
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul X Johnson (Board Member (To 11/2022))
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Hamberger (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Theresa Seitz (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eric Christensen (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeffrey Hayes (Board Member (To 11/2021))
  • Compensation: $0
  • Related: $0
  • Other: $0
Jonathan Johnsen (Board Member/Fleet Captain)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kimberly Reynolds (Board Member/Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carl H Hensler (Board Member/Rear Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Gelsomino Jr (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Salvatore Depasquale (Club General Manager)
  • Compensation: $94,819
  • Related: $0
  • Other: $0
Michael Scheid (Accounting & Hr Mgr (To 1/2022))
  • Compensation: $67,581
  • Related: $0
  • Other: $0


Official website here: www.buffaloyachtclub.org

Where can I find the form 990 for Buffalo Yacht Club?

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


Official website here: www.buffaloyachtclub.org

Learn more at the official website: www.buffaloyachtclub.org

Mission Statement of Buffalo Yacht Club

The Buffalo Yacht Club, established in 1860, serves as a social hub for its members, their families, and their guests. This esteemed organization, known to be the third oldest yacht club in America, offers facilities that encourage and foster the development of yachting and other aquatic sports, along with various leisure-time activities and entertainment. The Buffalo Yacht Club stands out as the only twelve-month, private yacht club that operates in two countries, providing an extensive range of opportunities for its members.

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Impact




October, 2024

The Buffalo Yacht Club fosters a vibrant community centered around yachting and aquatic sports, enriching the recreational landscape of Buffalo and beyond. By offering members, their families, and guests access to premier facilities, the club encourages participation in leisure activities and entertainment year-round. Its unique positioning with locations in two countries and its status as the third oldest yacht club in America enhance its historical and cultural significance.

Through its commitment to developing yachting and other aquatic pursuits, the Buffalo Yacht Club not only promotes an appreciation for water-based recreation but also strengthens social ties within the community. The club acts as a gathering place for members to connect, network, and celebrate shared interests, which contributes to a sense of belonging and camaraderie. Furthermore, the dining facilities provide an inviting atmosphere for members to enjoy culinary experiences together, further enriching their social interactions.

By maintaining its facilities and encouraging activities that benefit both individual members and the larger community, the Buffalo Yacht Club plays a crucial role in enhancing the local recreational environment and preserving the traditions of yachting in America.




This information is meant to be a general summary of Buffalo 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
$1,876,845 (2022)
Expenses
$1,375,765 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $141
  • Program Service Revenue: $1,577,901
  • Gross Receipts: $2,810,502

Assets and Liabilities:

  • Total Assets: $3,194,185
  • Total Liabilities: $213,882
  • Net Assets: $2,980,303

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Programs

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

INITIATION FEES & CAPI

Revenue

$553,900

DUES AND ASSESSMENTS

Revenue

$456,277

MEMBER SERVICES

Revenue

$398,374

JUNIOR SAILING & REGAT

Revenue

$169,350

Organization Details

Founding Year

1860

Principal Officer

Salvatore Depasquale

Main Address

ONE PORTER AVENUE, BUFFALO, NY, 14201

NTEE Category

Code: N50 - Recreation

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