Corinthian Yacht Club Of Cape May Inc

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

EIN: 216007748 ✦ Cape may, NJ ✦ Designated as a 501(c)(7)

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Overview

What is Corinthian Yacht Club Of Cape May Inc?

The Corinthian Yacht Club of Cape May Inc, situated in Cape May, New Jersey, is a nonprofit organization that primarily focuses on promoting and fostering the sport and art of sailing and racing. This is achieved through various activities, including encouraging healthy competition for individuals of all ages. The club offers a dining facility and a full-service bar for its members and their guests, ensuring a social aspect to their sailing pursuits. The club's mission is to provide a suitable building for these activities and wholesome recreation, which is accessible to the community for a significant portion of the year. The club employs a team of 65 individuals to support its operations.


Official website here: www.cyccm.com

Is Corinthian Yacht Club Of Cape May Inc legitimate?

Corinthian Yacht Club Of Cape May Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Corinthian Yacht Club Of Cape May 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: $220,769

For more financial information, click here


Official website here: www.cyccm.com

What is the mission statement of Corinthian Yacht Club Of Cape May Inc?

The Corinthian Yacht Club of Cape May Inc is dedicated to fostering the sport and art of sailing and racing, appealing to individuals of all ages. Its primary objective is to offer a platform for wholesome recreation and competitive events. The club also prioritizes maintaining a suitable building for these activities. In addition, it provides a dining facility and a full-service bar for its members and their guests. Dinner and bar services are available on a regular basis during the sailing season, and at least once a week for seven months off-season.


Official website here: www.cyccm.com

Who is the CEO of Corinthian Yacht Club Of Cape May Inc?

Carol York is the Commodore As Of 9122 of Corinthian Yacht Club Of Cape May Inc.


Official website here: www.cyccm.com

What is the revenue of Corinthian Yacht Club Of Cape May Inc?

Corinthian Yacht Club Of Cape May Inc's revenue in 2022 was $876,308.


Official website here: www.cyccm.com

Who are the executives of Corinthian Yacht Club Of Cape May Inc and what are their salaries?

The average compensation at Corinthian Yacht Club Of Cape May Inc during 2022 was $3,396. There are 65 employees and 100 volunteers at Corinthian Yacht Club Of Cape May Inc.


Here are 16 key members and their salaries:


Lewis Price (Commodore As Of 9122)
  • Compensation: $0
  • Related: $0
  • Other: $0
Geoffrey King (Vice Commodore 9122)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Brady (Rear Commodore 9122)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Wilson (Commodore Thru 83123)
  • Compensation: $0
  • Related: $0
  • Other: $0
Russell Dickhart (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Roberta Nuss (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Yeager (Directorfinance)
  • Compensation: $0
  • Related: $0
  • Other: $0
Heather Turner (Director Thru 831)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michelle O'Donnell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Roland Bullard (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Kurtz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carol York (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Susan Reilly (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Sorensen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Wahl (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
George Chmiel (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.cyccm.com

Where can I find the form 990 for Corinthian Yacht Club Of Cape May Inc?

Corinthian Yacht Club Of Cape May Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.cyccm.com

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

Mission Statement of Corinthian Yacht Club Of Cape May Inc

Corinthian Yacht Club of Cape May Inc, a prominent organization, is dedicated to fostering an interest in the sport and art of sailing and racing among individuals of all ages. Its primary mission is to promote wholesome recreation and competitive spirit through these activities. To achieve this goal, the club maintains a suitable facility where these activities can take place.

The Corinthian Yacht Club of Cape May Inc goes beyond just promoting sailing and racing. It offers a dining facility and a full-service bar, making it a social hub for its members and their guests. These services are available regularly during the sailing season and at least once a week for seven months, catering to the social needs of its members. This multi-faceted approach ensures that the club not only encourages the sport but also provides an engaging and enjoyable environment for its members.

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Impact




October, 2024

Corinthian Yacht Club of Cape May Inc significantly influences the local community by promoting the sport and art of sailing and racing for people of all ages. Through its dedicated facilities, the club fosters a sense of camaraderie and social engagement among members, enhancing the recreational landscape of Cape May. The club's dining and bar services create a vibrant social hub, offering members and their guests a welcoming environment to gather and celebrate their shared passion for sailing.

By hosting regular events and sailing competitions, the club not only encourages healthy competition but also instills a love for sailing in newer generations. Its commitment to providing wholesome recreational activities enriches the community, fostering both individual skill development and collective enjoyment of maritime sports. Additionally, the club's efforts help maintain Cape May's cultural heritage and promote tourism in the region, drawing visitors who are interested in sailing and related social activities.




This information is meant to be a general summary of Corinthian Yacht Club Of Cape May 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
$876,308 (2022)
Expenses
$837,369 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $892
  • Program Service Revenue: $697,192
  • Gross Receipts: $1,569,555

Assets and Liabilities:

  • Total Assets: $1,594,413
  • Total Liabilities: $366,190
  • Net Assets: $1,228,223

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Programs

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

Dues Initiation Fees

Revenue

$500,214

Sailing Instruction

Revenue

$91,049

Social Events

Revenue

$57,856

Member Boat Storage

Revenue

$14,363

Sailing RegattasRaces

Revenue

$12,857

Organization Details

Founding Year

1948

Principal Officer

Carol York

Main Address

1819 Delaware Avenue PO Box 260, Cape May, NJ, 082040260

NTEE Category

Code: N50 - Recreation

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