J-44 Class Association Inc

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

EIN: 223238548 ✦ Carteret, NJ ✦ Designated as a 501(c)(7)

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Overview

What is J-44 Class Association Inc?

The J-44 Class Association Inc is a nonprofit organization that places a significant emphasis on the maintenance and upkeep of its sailing vessels. With an investment of 17,927 in new sails, they ensure their fleet remains in top condition. Additionally, the association allocates funds towards insurance coverage and Delaware corporate fees, totaling 5,242. Maintaining the sails' quality is crucial to them, as they dedicate 7,083 for repair and upkeep. Furthermore, they have trailer storage for their vessels, which incurs a cost of 618. Overall, the J-44 Class Association Inc is dedicated to preserving and caring for its sailing fleet.


Official website here: www.j44.org

Is J-44 Class Association Inc legitimate?

J-44 Class Association Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. J-44 Class Association Inc submitted a form 990EZ, 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.


Official website here: www.j44.org

What is the mission statement of J-44 Class Association Inc?

The J-44 Class Association prioritizes the upkeep and enhancement of its sailing activities. They invest significantly in new sails, allocating a substantial amount of funds towards this endeavor. Additionally, they ensure financial protection through insurance coverage. Sail maintenance is deemed crucial, resulting in substantial expenditures for repair and upkeep. The association also provides trailer storage for their vessels, incurring related costs. Overall, the J-44 Class Association focuses on maintaining and enhancing their sailing equipment and resources.


Official website here: www.j44.org

Who is the CEO of J-44 Class Association Inc?

James D Bishop is the President of J-44 Class Association Inc.


Official website here: www.j44.org

What is the revenue of J-44 Class Association Inc?

J-44 Class Association Inc's revenue in 2022 was $48,320.


Official website here: www.j44.org

Who are the executives of J-44 Class Association Inc and what are their salaries?


Here are 3 key members and their salaries:


Leonard Sitar (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
James D Bishop (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Ketcham (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.j44.org

Where can I find the form 990EZ for J-44 Class Association Inc?

J-44 Class Association Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.


Official website here: www.j44.org

Learn more at the official website: www.j44.org

Mission Statement of J-44 Class Association Inc

The J-44 Class Association is committed to the upkeep and enhancement of its sailing vessels. One of their significant investments is in new sails, totaling 17,927 units. Beyond sail acquisition, they also prioritize insurance coverage, allocating 5,020 for this purpose. Additionally, they pay Delaware corporate fees amounting to 215. Sail maintenance is a crucial aspect of their operations, as evidenced by the 7,083 they spend on repairs and upkeep. Moreover, they provide trailer storage for their vessels at a cost of 618. Overall, the J-44 Class Association demonstrates a dedication to maintaining and enhancing their sailing fleet.

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Impact




October, 2024

The J-44 Class Association Inc plays a significant role in promoting and supporting the J-44 sailing community. By investing heavily in new sails, with expenditures amounting to $17,927, they enhance the competitive edge and performance of the vessels within their fleet. This commitment ensures that members have access to high-quality gear, which is essential for both recreational sailing and racing.

Additionally, the association prioritizes the maintenance of its sails, allocating $7,083 for repairs and upkeep. This level of investment not only prolongs the life of the equipment but also fosters a culture of care and professionalism among the sailors. Furthermore, by contributing $5,020 towards insurance, they provide a safety net for their members, safeguarding against unforeseen circumstances and ensuring peace of mind while on the water.

With a focus on operational necessities, the association also covers Delaware corporate fees and trailer storage costs, which collectively amount to $833. These logistical considerations allow members to concentrate on their sailing experience without the burden of administrative and storage issues.

In summary, the J-44 Class Association Inc significantly impacts the sailing community by enhancing equipment quality, ensuring safety, and creating a structured environment for enthusiasts to thrive in the sport of sailing.




This information is meant to be a general summary of J-44 Class Association 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
$48,320 (2022)
Expenses
$31,838 (2022)
Efficiency

Other financial information:

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

  • Gross Receipts: $48,320

Assets and Liabilities:

  • Total Assets: $71,009
  • Total Liabilities: $0
  • Net Assets: $71,009

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Organization Details

Principal Officer

James D Bishop

Main Address

801 ROOSEVELT AVENUE, CARTERET, NJ, 07008

NTEE Category

Code: N50 - Recreation

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