Overview
What is Lake Hopatcong Yacht Club?
Lake Hopatcong Yacht Club is a nonprofit organization located in Landing, New Jersey. It offers sailing and recreational activities for both children and adults, catering to a weekly average of 75 individuals, both members and non-members. The club's purpose is to provide a welcoming environment for its members, fostering long-standing friendships and camaraderie. The Yacht Club is home to 54 employees, dedicated to promoting enjoyable leisure activities within its community.
Official website here: www.lhyc.com
Is Lake Hopatcong Yacht Club legitimate?
Lake Hopatcong Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Lake Hopatcong 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $376,273
For more financial information, click here
Official website here: www.lhyc.com
What is the mission statement of Lake Hopatcong Yacht Club?
The Lake Hopatcong Yacht Club's mission is centered around providing an engaging environment for its members to indulge in sailing and various other recreational activities. This is done in a friendly and congenial atmosphere, upholding the tradition of long-standing camaraderie. The club offers sailing instruction for both children and adults, catering to both its members and non-members. On a weekly basis, around 75 students participate in these sailing lessons.
Official website here: www.lhyc.com
What is the revenue of Lake Hopatcong Yacht Club?
Lake Hopatcong Yacht Club's revenue in 2023 was $857,019.
Official website here: www.lhyc.com
Who are the executives of Lake Hopatcong Yacht Club and what are their salaries?
The average compensation at Lake Hopatcong Yacht Club during 2023 was $7,378. There are 51 employees and 100 volunteers at Lake Hopatcong Yacht Club.
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Official website here: www.lhyc.com
Where can I find the form 990 for Lake Hopatcong Yacht Club?
Lake Hopatcong Yacht Club's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.lhyc.com
Learn more at the official website: www.lhyc.com
Mission Statement of Lake Hopatcong Yacht Club
Lake Hopatcong Yacht Club, a prominent organization, is dedicated to providing a platform for its members to engage in sailing and various other recreational activities. It fosters a harmonious environment that encourages long-lasting friendships and camaraderie. The club's mission is to serve as a hub for sailing enthusiasts, offering both children and adults an opportunity to hone their skills through instructional programs. It welcomes both members and non-members, facilitating the growth of the sailing community. With weekly classes catering to 75 students, Lake Hopatcong Yacht Club actively contributes to nurturing the passion for sailing and recreational activities among its members.
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Impact
October, 2024
Lake Hopatcong Yacht Club plays a significant role in promoting sailing and recreational activities in the local community. By providing access to sailing instruction for both children and adults, the club fosters a love for water sports and encourages skill development among its members and non-members alike. With approximately 75 students participating in classes weekly, the club serves as a vital educational hub, enhancing community engagement and offering opportunities for social interaction in a congenial atmosphere. This commitment to recreation not only enriches the lives of its members but also helps maintain a vibrant community spirit centered around the traditions of sailing and camaraderie.
This information is meant to be a general summary of Lake Hopatcong 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Program Service Revenue: $87,179
- Gross Receipts: $1,181,131
Assets and Liabilities:
- Total Assets: $2,229,480
- Total Liabilities: $586,577
- Net Assets: $1,642,903
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BOAT STORAGE
Revenue
$13,500
PRIVATE PARTY FEES
Revenue
$49,648
SAILING INSTRUCTION
Revenue
$22,078
SWIMMING INSTRUCTIONS
Revenue
$1,953
Organization Details
Founding Year
1907
Principal Officer
Christopher E Murphy
Website
www.lhyc.comNTEE Category
Code: N50 - Recreation
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