Overview
What is Olcott Yacht Club Inc?
Olcott Yacht Club Inc is a nonprofit organization that fosters social and recreational activities for its members. Their primary objective is to help members improve their sailing and power vessel navigation skills, as well as instill a sense of seamanship and sportsmanship. By encouraging proficiency in these areas, the club aims to enhance its members' experiences on the water.
Is Olcott Yacht Club Inc legitimate?
Olcott Yacht Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Olcott 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: $55,502
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What is the mission statement of Olcott Yacht Club Inc?
The mission of Olcott Yacht Club Inc, as stated, is centered around fostering the competency of its members in navigating and managing their sailing or power vessels. Simultaneously, the club promotes values of seamanship and sportsmanship among its members. The organization's activities aim to encourage members to enhance their sailing skills while upholding a spirit of camaraderie and fair play.
Who is the CEO of Olcott Yacht Club Inc?
Sue Cassidy is the Commodore of Olcott Yacht Club Inc.
What is the revenue of Olcott Yacht Club Inc?
Olcott Yacht Club Inc's revenue in 2022 was $186,154.
Who are the executives of Olcott Yacht Club Inc and what are their salaries?
The average compensation at Olcott Yacht Club Inc during 2022 was $3,083. There are 18 employees at Olcott Yacht Club Inc.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Olcott Yacht Club Inc?
Olcott Yacht Club Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Olcott Yacht Club Inc
Olcott Yacht Club Inc is an organization that encourages its members to develop their skills in navigating and managing their sailing or power vessels. Its mission is twofold: firstly, it aims to improve members' proficiency in handling their vessels, ensuring they are well-equipped for the waters. Secondly, Olcott Yacht Club Inc promotes values of seamanship and sportsmanship among its members. This means fostering a sense of camaraderie, fair play, and respect for others on the water. By encouraging this mix of technical ability and good sportsmanship, the club seeks to create a positive and engaging environment for its members.
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Impact
October, 2024
Olcott Yacht Club Inc significantly impacts the local community by fostering skills in navigation and vessel handling among its members. This focus not only enhances individual proficiency in sailing and power boating but also cultivates a culture of seamanship and sportsmanship. Through the club's social and recreational activities, members are encouraged to engage with one another and develop their skills in a supportive environment. This promotes a sense of camaraderie and community spirit, as members share knowledge and experiences related to boating. The club's emphasis on responsible and ethical boating practices also contributes to safer waterways and a more knowledgeable boating community in Olcott, NY, enriching the overall recreational landscape of the area.
This information is meant to be a general summary of Olcott 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $136,504
- Gross Receipts: $238,488
Assets and Liabilities:
- Total Assets: $493,239
- Total Liabilities: $36,539
- Net Assets: $456,700
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Membership Dues
Revenue
$54,325
Services
Revenue
$48,178
Sailing Program
Revenue
$24,127
Special Events
Revenue
$3,887
Miscellaneous
Revenue
$5,987
Organization Details
Founding Year
1920
Phone
(716) 778-7149Principal Officer
Sue Cassidy
Main Address
PO Box 715 Water Street, Olcott, NY, 14126
NTEE Category
Code: N03 - Recreation
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