Overview
What is Ocean City Yacht Club?
Ocean City Yacht Club is a private social club, situated in Ocean City, New Jersey, specifically tailored for boating enthusiasts. This nonprofit organization offers a variety of programs designed to cater to its members, providing them with numerous social events. Its primary mission is to offer a congenial atmosphere for individuals who share a common interest in boating, serving as a recreational, pleasure, and social hub. The club's location in Ocean City makes it an ideal setting for members to indulge in their passion for boating.
Official website here: www.ocyc.org
Is Ocean City Yacht Club legitimate?
Ocean City Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Ocean City 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:
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Other Salaries and Wages: $124,188
For more financial information, click here
Official website here: www.ocyc.org
What is the mission statement of Ocean City Yacht Club?
The Ocean City Yacht Club serves as a private social venue for individuals with a shared interest in boating. It provides an array of programs tailored to its members, featuring various social events. As a recreational, pleasure, and social club, it offers a congenial atmosphere for like-minded individuals to engage in their shared passion for boating. The yacht club's mission is to foster a sense of community among its members, providing them with a suitable environment to enjoy their interests in boating.
Official website here: www.ocyc.org
Who is the CEO of Ocean City Yacht Club?
Dough Mroz is the Commodore of Ocean City Yacht Club.
Official website here: www.ocyc.org
What is the revenue of Ocean City Yacht Club?
Ocean City Yacht Club's revenue in 2022 was $820,804.
Official website here: www.ocyc.org
Who are the executives of Ocean City Yacht Club and what are their salaries?
The average compensation at Ocean City Yacht Club during 2022 was $13,799. There are 9 employees at Ocean City Yacht Club.
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Official website here: www.ocyc.org
Where can I find the form 990 for Ocean City Yacht Club?
Ocean City Yacht Club's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ocyc.org
Learn more at the official website: www.ocyc.org
Mission Statement of Ocean City Yacht Club
Ocean City Yacht Club serves as a private social club, catering specifically to individuals with a passion for boating. Its mission is focused on fostering an inclusive environment where members can engage in various recreational and social activities related to boating. The club offers a diverse array of programs designed to cater to its members' interests, creating a setting that is not only enjoyable but also strengthens the bond among those sharing the same passion. By providing a space for like-minded individuals, Ocean City Yacht Club offers an ideal setting for boating enthusiasts to connect and share their experiences.
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Impact
October, 2024
Ocean City Yacht Club significantly enriches the local community by creating a vibrant hub for boating enthusiasts. By fostering a private social club environment, it brings together individuals who share a passion for boating, facilitating connections and friendships that enhance the overall experience of its members. The club offers a diverse range of programs and social events, promoting a sense of camaraderie and community among boating fans.
The yacht club also contributes to the local economy by attracting members and guests who participate in its activities, benefiting surrounding businesses and services in Ocean City, NJ. As a recreational and social venue, it serves as an ideal setting for individuals to engage in leisure activities, promoting a healthy and active lifestyle. Furthermore, the club’s emphasis on boating fosters an appreciation for maritime activities, encouraging responsible enjoyment of the waterways and contributing to the preservation of the coastal environment. Through these various avenues, Ocean City Yacht Club plays a vital role in enhancing the quality of life for its members and the broader community.
This information is meant to be a general summary of Ocean City 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 2022.
- Investment Income: $980
- Program Service Revenue: $669,430
- Gross Receipts: $820,804
Assets and Liabilities:
- Total Assets: $1,439,728
- Total Liabilities: $95,877
- Net Assets: $1,343,851
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DUES AND MEMBER FEES
Revenue
$381,797
CAPITAL ASSESSMENTS
Revenue
$114,750
SOCIAL ACTIVITIES
Revenue
$75,530
SAILING ACTIVITIES
Revenue
$59,004
YEARBOOK
Revenue
$16,205
Organization Details
Founding Year
1901
Phone
(609) 399-6600Principal Officer
Dough Mroz
Main Address
100 BAY ROAD, OCEAN CITY, NJ, 08226
Website
www.ocyc.orgNTEE Category
Code: N50 - Recreation
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