Patten Point Yacht Club Inc

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

EIN: 221837285 ✦ Long branch, NJ ✦ Designated as a 501(c)(7)

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Overview

What is Patten Point Yacht Club Inc?

Patten Point Yacht Club Inc, located in Long Branch, New Jersey, serves as a vibrant hub for marine enthusiasts. The primary objective of this nonprofit organization is to foster safe boating practices. Functioning as a recreational, leisure, or social club, Patten Point Yacht Club Inc encourages its members to engage in enjoyable boating experiences while ensuring safety is a top priority. This club plays a significant role in the Long Branch community, contributing to the enjoyment of the area's waterways.

Is Patten Point Yacht Club Inc legitimate?

Patten Point Yacht Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Patten Point 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: $6,400

For more financial information, click here

What is the mission statement of Patten Point Yacht Club Inc?

Patten Point Yacht Club Inc, as an organization, is dedicated to advocating for safe boating practices. It serves as a platform for recreational, pleasure, or social activities. The club's primary focus is on ensuring the safety of all boaters, promoting responsible boating behavior, and fostering a sense of community among its members. The club does not disclose specific details about its location in the provided information.

Who is the CEO of Patten Point Yacht Club Inc?

Roberta Portegello is the President of Patten Point Yacht Club Inc.

What is the revenue of Patten Point Yacht Club Inc?

Patten Point Yacht Club Inc's revenue in 2022 was $402,277.

Who are the executives of Patten Point Yacht Club Inc and what are their salaries?

The average compensation at Patten Point Yacht Club Inc during 2022 was $6,400. There is 1 employee at Patten Point Yacht Club Inc.


Here are 7 key members and their salaries:


Paul Case (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Paserchia (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Trepicchio (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephen Murphy (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Susan Evans (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Roberta Portegello (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ronald Bryant (Immediate Past President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Patten Point Yacht Club Inc?

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

Mission Statement of Patten Point Yacht Club Inc

Patten Point Yacht Club, as an organization, is committed to promoting safe boating. This mission is not just a mere statement but serves as the driving force behind its operations. As a recreational, pleasure, or social club, the club prioritizes the safety of its members and the broader boating community. By advocating for safe boating practices, Patten Point Yacht Club aims to ensure that everyone enjoys the water in a secure and responsible manner.

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Impact




October, 2024

Patten Point Yacht Club Inc significantly enhances the community by promoting safe boating practices, ensuring that both residents and visitors can enjoy nautical activities with increased awareness and responsibility. Located in Long Branch, NJ, the club fosters a culture of safety among boating enthusiasts, which ultimately contributes to the well-being of individuals and the protection of local waterways.

Beyond safety, the club serves as a vibrant social hub, offering recreational opportunities for its members and facilitating a sense of community among boaters. Through its activities and events, Patten Point Yacht Club creates connections among individuals who share a passion for boating, thereby enriching the local culture and encouraging environmentally responsible behavior on the water. Overall, the club plays a vital role in enhancing the quality of life in Long Branch through its focus on safe boating and community engagement.




This information is meant to be a general summary of Patten Point 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
$402,277 (2022)
Expenses
$343,845 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $3,983
  • Program Service Revenue: $395,196
  • Gross Receipts: $402,277

Assets and Liabilities:

  • Total Assets: $461,027
  • Total Liabilities: $247,647
  • Net Assets: $213,380

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Organization Details

Founding Year

1964

Principal Officer

Roberta Portegello

Main Address

PATTEN AVENUE RENWICK PLACE, LONG BRANCH, NJ, 07740

NTEE Category

Code: N50 - Recreation

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