Toms River Yacht Club Inc

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

EIN: 210625526 ✦ Toms river, NJ ✦ Designated as a 501(c)(7)

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Overview

What is Toms River Yacht Club Inc?

Toms River Yacht Club Inc, situated in Toms River, New Jersey, serves as a hub for adult and junior sailing enthusiasts while offering dining facilities for its members. The club extends its facilities for various events, including regatta-related dinners, to its members and guests. Moreover, it generously makes its premises available, free of charge, for meetings of numerous non-profit organizations, such as BBYRA, the NJ State Boating Commission, and other local yacht clubs. The club's mission is to cater to the recreational needs of its members, providing a venue for sailing activities and enjoyable dining experiences. With a workforce of 43 individuals, the club's primary focus lies in fostering a sense of community among its members and supporting related organizations within the area. The club's commitment to enriching the lives of its members and contributing to the local community is evident in its operations.


Official website here: www.tryc.com

Is Toms River Yacht Club Inc legitimate?

Toms River Yacht Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Toms River 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: $64,010
Professional Fundraising Fees: $0
Other Salaries and Wages: $252,329

For more financial information, click here


Official website here: www.tryc.com

What is the mission statement of Toms River Yacht Club Inc?

The Toms River Yacht Club Inc's mission is centered around providing recreational facilities for both adults and junior sailors. This includes dining facilities that are exclusively for the use of its members. The club also extends its facilities, without charging any fees, for meetings to various non-profit organizations. These organizations include the BBYRA, NJ State Boating Commission, Island Heights Sailing Foundation, and other nearby yacht clubs. The club hosts several dinners in conjunction with regattas and makes these events accessible to its members and their guests.


Official website here: www.tryc.com

Who is the CEO of Toms River Yacht Club Inc?

William Warner is the Treasurer of Toms River Yacht Club Inc.


Official website here: www.tryc.com

What is the revenue of Toms River Yacht Club Inc?

Toms River Yacht Club Inc's revenue in 2022 was $1,222,514.


Official website here: www.tryc.com

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

The average compensation at Toms River Yacht Club Inc during 2022 was $7,357. There are 43 employees and 100 volunteers at Toms River Yacht Club Inc.


Here are 12 key members and their salaries:


Calvin Draper (Steward)
  • Compensation: $51,510
  • Related: $0
  • Other: $0
William Warner (Treasurer)
  • Compensation: $7,500
  • Related: $0
  • Other: $0
Joe Matteo (Secretary)
  • Compensation: $5,000
  • Related: $0
  • Other: $0
Aj Bailey (Board Of Govnrs)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Hart (Board Of Govrns)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Hull (Board Of Govnrs)
  • Compensation: $0
  • Related: $0
  • Other: $0
Monique Michowski (Board Of Govnrs)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bruce Hummer (Board Of Govnrs)
  • Compensation: $0
  • Related: $0
  • Other: $0
George Burger (Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mandie Rhodes (Vice Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bob Baxter (Rear Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Paccione (Fleet Captain)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.tryc.com

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

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


Official website here: www.tryc.com

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

Mission Statement of Toms River Yacht Club Inc

The Toms River Yacht Club Inc, as a non-profit organization, is dedicated to providing recreational facilities for both adults and junior sailors. Its primary mission is to offer dining facilities that cater to the needs of its members. The club serves as a hub for social interaction and sailing activities, providing a space where members can relax and enjoy themselves. In addition to its dining facilities, the Toms River Yacht Club Inc extends its resources to various non-profit groups, such as the BBYRA, the NJ State Boating Commission, and the Island Heights Sailing Foundation, among others. These organizations are granted the use of the club's facilities on a non-fee basis, further emphasizing its commitment to community engagement and service.

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Impact




October, 2024

Toms River Yacht Club Inc significantly enhances the local community by offering recreation facilities dedicated to adults and junior sailing, fostering a love for boating and sailing among members of all ages. The club's dining facilities provide a gathering space for members and their guests, promoting social interaction and community bonding. By hosting events such as dinners in conjunction with regattas, the club not only strengthens its own community but also brings together sailors and enthusiasts from surrounding areas.

Additionally, the club actively supports non-profit organizations by making its facilities available for meetings without fees. This collaboration with groups like the BBYRA, NJ State Boating Commission, and Island Heights Sailing Foundation showcases its commitment to the broader maritime community and enhances local engagement. Overall, Toms River Yacht Club Inc plays a vital role in enriching recreational opportunities, facilitating social connections, and supporting various local initiatives in Toms River, NJ.




This information is meant to be a general summary of Toms River 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
$1,222,514 (2022)
Expenses
$1,181,242 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $39,389
  • Program Service Revenue: $423,908
  • Gross Receipts: $1,411,395

Assets and Liabilities:

  • Total Assets: $3,203,756
  • Total Liabilities: $516,990
  • Net Assets: $2,686,766

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Programs

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

Auxiliary

Revenue

$46,837

Food Services

Revenue

$148,275

Jr Sailing

Revenue

$144,534

Pool House

Revenue

$52,686

Sailing

Revenue

$31,576

Organization Details

Founding Year

1871

Principal Officer

William Warner

Main Address

1464 Riviera, Toms River, NJ, 08753

NTEE Category

Code: N50 - Recreation

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