Overview
What is Bay Head Yacht Club Foundation?
The Bay Head Yacht Club Foundation, located at 111 Metcalfe Street, Bay Head, New Jersey, is a nonprofit organization with a mission to offer financial assistance to individuals in need. Specifically, they provide support to employees and community members who may be experiencing financial hardship. Beyond this, the foundation also contributes to the local fire company, first aid squad, and hospital, and offers scholarships to deserving recipients. By providing various forms of assistance, the Bay Head Yacht Club Foundation aims to support its community in times of need.
Is Bay Head Yacht Club Foundation legitimate?
Bay Head Yacht Club Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bay Head Yacht Club Foundation 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.
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What is the mission statement of Bay Head Yacht Club Foundation?
The Bay Head Yacht Club Foundation's primary mission is to extend financial aid to employees and community members who are currently facing financial difficulties. In addition to this, the foundation contributes to local emergency services such as fire departments, first aid squads, and hospitals. Furthermore, the foundation offers scholarships to deserving individuals in need of educational assistance. The objective of the foundation is to provide a safety net and support for those in financial distress, as well as contribute to the well-being of the community as a whole.
Who is the CEO of Bay Head Yacht Club Foundation?
Richard Raffetto is the Chair of Bay Head Yacht Club Foundation.
What is the revenue of Bay Head Yacht Club Foundation?
Bay Head Yacht Club Foundation's revenue in 2022 was $181,309.
Who are the executives of Bay Head Yacht Club Foundation and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Bay Head Yacht Club Foundation?
Bay Head Yacht Club Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Bay Head Yacht Club Foundation
The Bay Head Yacht Club Foundation is a dedicated organization with the primary objective of offering financial assistance to employees and community members who may be facing financial hardships. The mission of this nonprofit entity is multifaceted, extending beyond mere financial aid. It also contributes to local entities such as fire departments, first aid squads, and hospitals, demonstrating a commitment to the well-being of its community. Furthermore, the Bay Head Yacht Club Foundation provides scholarships to worthy recipients, thereby investing in the future of its community's individuals. In essence, the Bay Head Yacht Club Foundation serves as a beacon of support during times of financial distress, while also contributing to the overall welfare of its community.
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Impact
October, 2024
The Bay Head Yacht Club Foundation significantly impacts the local community by providing critical financial assistance to employees and residents facing financial hardships. This support not only uplifts individuals but also strengthens the community as a whole. By contributing to essential services such as the local fire company, first aid squad, and hospital, the foundation enhances public safety and well-being in Bay Head, NJ. In addition, the provision of educational scholarships to deserving individuals fosters growth and opportunity, ensuring that community members have access to necessary resources for their development. Through these initiatives, the foundation plays a vital role in reinforcing the social fabric and resilience of the Bay Head community.
This information is meant to be a general summary of Bay Head Yacht Club Foundation. 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.
- Investment Income: $82,706
- Gross Receipts: $525,805
Assets and Liabilities:
- Total Assets: $3,255,207
- Total Liabilities: $4,000
- Net Assets: $3,251,207
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Organization Details
Founding Year
1951
Phone
(732) 899-2000Principal Officer
Richard Raffetto
Main Address
111 METCALFE STREET, BAY HEAD, NJ, 08742
NTEE Category
Code: M20 - Public safety
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