Overview
What is Lake Forest Yacht Club Inc?
Lake Forest Yacht Club Inc is a distinguished nonprofit organization, serving both as a social club and a homeowners' association for its members. Located within this community, the club fosters a sense of camaraderie and social interaction among its members. Beyond its social role, it also acts as a homeowners' association, ensuring the well-being and maintenance of the properties within its jurisdiction.
Official website here: www.lfyc.org
Is Lake Forest Yacht Club Inc legitimate?
Lake Forest Yacht Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Lake Forest 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: $27,793
Professional Fundraising Fees: $0
Other Salaries and Wages: $55,891
For more financial information, click here
Official website here: www.lfyc.org
What is the mission statement of Lake Forest Yacht Club Inc?
The Lake Forest Yacht Club Inc serves as a social club and an association for homeowners and property owners. Its mission, in essence, is centered around fostering a social environment and managing the interests of its members as homeowners. The club acts as a platform for its members to engage socially and collectively manage their property-related concerns.
Official website here: www.lfyc.org
What is the revenue of Lake Forest Yacht Club Inc?
Lake Forest Yacht Club Inc's revenue in 2024 was $407,900.
Official website here: www.lfyc.org
Who are the executives of Lake Forest Yacht Club Inc and what are their salaries?
The average compensation at Lake Forest Yacht Club Inc during 2024 was $3,219. There are 26 employees and 53 volunteers at Lake Forest Yacht Club Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.lfyc.org
Where can I find the form 990 for Lake Forest Yacht Club Inc?
Lake Forest Yacht Club Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.lfyc.org
Learn more at the official website: www.lfyc.org
Mission Statement of Lake Forest Yacht Club Inc
Lake Forest Yacht Club Inc serves as a social hub and an association for homeowners and property owners. Its primary mission is to foster a sense of community among its members, acting as a social club and a governing body. This nonprofit organization aims to promote social activities and foster a sense of unity among its members, while also serving as a homeowners and property owners association. It plays a crucial role in managing the community and ensuring the well-being of its members' properties.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Lake Forest Yacht Club Inc plays a significant role in enhancing community life in Lake Hopatcong, NJ, through its focus on recreation and social engagement. The club serves as a gathering point for homeowners and property owners, fostering a sense of community and belonging among its members. By organizing various social events and recreational activities, it creates opportunities for residents to connect, collaborate, and celebrate shared interests.
The club contributes to the local culture by promoting recreational pursuits, providing a platform for residents to enjoy the natural beauty of the area, particularly around Lake Hopatcong. This not only enriches the quality of life for its members but also enhances the appeal of the neighborhood as a vibrant social hub. Additionally, through its initiatives, the club supports local engagement and stewardship within the community, encouraging members to actively participate in maintaining and improving their shared environment. Overall, Lake Forest Yacht Club Inc significantly influences community cohesion, recreational opportunities, and local pride in Lake Hopatcong.
This information is meant to be a general summary of Lake Forest 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $7,019
- Program Service Revenue: $400,881
- Gross Receipts: $407,900
Assets and Liabilities:
- Total Assets: $701,217
- Total Liabilities: $327,182
- Net Assets: $374,035
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Dues and assessments
Revenue
$273,717
Member dock fees
Revenue
$55,953
Social income
Revenue
$36,701
Club rentals
Revenue
$13,730
Nonmember dock revenue
Revenue
$12,600
Organization Details
Founding Year
1954
Principal Officer
Evan Kurzman
Website
www.lfyc.orgNTEE Category
Code: N50 - Recreation
If you are a representative of Lake Forest Yacht Club Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.