Overview
What is Wayzata Yacht Club?
The Wayzata Yacht Club, situated in Wayzata, Minnesota, is a distinguished nonprofit organization dedicated to promoting and fostering competitive sailboat racing. With a robust member base, it oversees one of the largest sailboat racing programs in the United States, featuring over 65 keelboat races annually on Lake Minnetonka. The club's lake racing programs attract up to 130 boats during evening races, primarily conducted in 22-25' keelboats. In addition to its local activities, Wayzata Yacht Club extends its reach to the Apostle Islands of Lake Superior through its Apostle Islands Station (AIS) in Bayfield, Wisconsin. The Big Boat schedule encompasses both buoy racing and off-shore sailing, with boats participating in competitions across the Great Lakes. The mission of Wayzata Yacht Club is multifaceted. It aims to encourage proficient seamanship and sportsmanship through sailboat racing, while offering educational seminars and providing a platform for the practical application of learned skills. With a dedicated team of 22 employees, Wayzata Yacht Club serves as a vibrant and active community for sailing enthusiasts.
Official website here: www.wyc.org
Is Wayzata Yacht Club legitimate?
Wayzata Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Wayzata 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: $75,405
For more financial information, click here
Official website here: www.wyc.org
What is the mission statement of Wayzata Yacht Club?
The Wayzata Yacht Club's mission is centered around promoting and fostering active and competitive sailboat racing. This encourages the practice, promotion, and enhancement of proficient seamanship and sportsmanship. Furthermore, the club seeks to provide educational seminars and offers practical application of learned skills. The club's racing programs, including over 65 keelboat races each season, are a significant part of its activities. The Wayzata Yacht Club also sponsors racing events in the Apostle Islands of Lake Superior, offering both buoy racing and off-shore sailing opportunities.
Official website here: www.wyc.org
Who is the CEO of Wayzata Yacht Club?
Andrew Spence-Parsons is the Rear Commodore of Wayzata Yacht Club.
Official website here: www.wyc.org
What is the revenue of Wayzata Yacht Club?
Wayzata Yacht Club's revenue in 2022 was $711,289.
Official website here: www.wyc.org
Who are the executives of Wayzata Yacht Club and what are their salaries?
The average compensation at Wayzata Yacht Club during 2022 was $3,428. There are 22 employees and 49 volunteers at Wayzata Yacht Club.
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Official website here: www.wyc.org
Where can I find the form 990 for Wayzata Yacht Club?
Wayzata Yacht Club's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wyc.org
Learn more at the official website: www.wyc.org
Mission Statement of Wayzata Yacht Club
Wayzata Yacht Club, abbreviated as WYC, is committed to fostering and enhancing competitive sailboat racing. This mission serves as a platform for practicing, promoting, and encouraging proficient seamanship and sportsmanship among its members. Beyond racing, WYC also emphasizes the importance of education, offering seminars and providing opportunities for the practical application of learned skills.
The primary focus of WYC is to organize and facilitate active sailboat racing events. These competitions not only test the participants' sailing abilities but also promote sportsmanship and camaraderie. The club oversees a significant sailboat racing program, which includes numerous keelboat races on Lake Minnetonka each season. With up to 130 boats participating in evening races, the racing program at WYC is one of the largest in the United States. Furthermore, WYC extends its racing program to Lake Superior's Apostle Islands through their Apostle Islands Station (AIS) in Bayfield, WI. This big boat schedule includes both buoy racing and off-shore sailing events, attracting boats from across the Great Lakes.
In summary, Wayzata Yacht Club is dedicated to promoting and developing sailboat racing as a means to enhance seamanship and sportsmanship. By providing educational seminars and practical application opportunities, WYC encourages its members to sharpen their sailing skills and compete in various racing events, both on Lake Minnetonka and in Lake Superior's Apostle Islands.
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Impact
October, 2024
Wayzata Yacht Club significantly enhances the sailing community and local recreation by promoting and developing active and competitive sailboat racing. It oversees one of the largest sailboat racing programs in the United States, specifically on Lake Minnetonka, which includes over 65 keelboat races each season. These races often involve up to 130 boats, fostering a vibrant atmosphere of competition and camaraderie.
The club emphasizes proficient seamanship and sportsmanship, instilling these values through its structured racing events. By organizing educational seminars and providing opportunities for practical skill application, Wayzata Yacht Club plays a crucial role in developing the next generation of skilled sailors.
Additionally, the club extends its activities to the Apostle Islands of Lake Superior, providing opportunities for both buoy racing and offshore sailing. This not only promotes the sport but also contributes to a deeper appreciation for the natural beauty of the Great Lakes region and strengthens community ties among participants and families involved in sailing.
This information is meant to be a general summary of Wayzata 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: $710,309
- Gross Receipts: $711,289
Assets and Liabilities:
- Total Assets: $1,477,276
- Total Liabilities: $389,175
- Net Assets: $1,088,101
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MOORING FEES
Revenue
$491,127
MEMBERSHIP DUES
Revenue
$167,751
SOCIAL ACTIVITIES
Revenue
$39,288
RENTAL INCOME
Revenue
$7,500
LOGBOOK INCOME
Revenue
$2,440
Organization Details
Founding Year
1965
Phone
(612) 701-3230Principal Officer
Andrew Spence-Parsons
Main Address
PO BOX 585, WAYZATA, MN, 55391
Website
www.wyc.orgNTEE Category
Code: N50 - Recreation
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