Okoboji Yacht Club Inc

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

EIN: 237409197 ✦ Milford, IA ✦ Designated as a 501(c)(7)

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Overview

What is Okoboji Yacht Club Inc?

Okoboji Yacht Club Inc is a nonprofit organization with a focus on promoting yachting, sailing, and water safety. They achieve their objectives through conducting various events such as regattas, club races, and social functions. With an approximate membership count of 390 to 420 individuals, the organization actively engages its members in these activities. The mission of Okoboji Yacht Club Inc is centered around fostering an enjoyable and safe environment for water enthusiasts.


Official website here: www.oycia.org

Is Okoboji Yacht Club Inc legitimate?

Okoboji Yacht Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Okoboji Yacht Club 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.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.oycia.org

What is the mission statement of Okoboji Yacht Club Inc?

The Okoboji Yacht Club Inc aims to accomplish its objectives through the organization of regattas, club races, and social events. Its mission is centered around promoting yachting, sailing, and ensuring water safety. With around 420 memberships, the club actively encourages participation and learning in these water-based activities, fostering a safe and engaging environment for its members.


Official website here: www.oycia.org

What is the revenue of Okoboji Yacht Club Inc?

Okoboji Yacht Club Inc's revenue in 2023 was $46,022.


Official website here: www.oycia.org

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

Here are 2 key members and their salaries:


Names Of Directors (See Schedule O)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bradley D Farrar (Executive Director)
  • Compensation: $3,467
  • Related: $0
  • Other: $0


Official website here: www.oycia.org

Where can I find the form 990EZ for Okoboji Yacht Club Inc?

Okoboji Yacht Club Inc's most recent form 990EZ was submitted in 2023 and can be accessed here.


Official website here: www.oycia.org

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

Mission Statement of Okoboji Yacht Club Inc

The Okoboji Yacht Club Inc, as per its mission, is committed to advancing the interests of yachting and sailing. This organization achieves this goal through the organization of various regattas, Club races, and social functions. The mission of Okoboji Yacht Club Inc also encompasses the promotion of water safety. With approximately 390 to 420 memberships, this nonprofit serves as a hub for individuals who share a passion for these water activities. The mission of Okoboji Yacht Club Inc is therefore centered around fostering a community that encourages yachting, sailing, and ensures the safety of its members while they engage in these activities.

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Impact




October, 2024

Okoboji Yacht Club Inc plays a vital role in enhancing the recreational and social fabric of the community in Milford, Iowa. By organizing regattas, club races, and various social functions, it fosters a vibrant yachting and sailing culture that not only promotes water sports but also emphasizes safety on the water. With a membership base of approximately 420, the club creates a sense of camaraderie and community among its members, encouraging participation and engagement in recreational activities. This involvement enriches the local culture, supports water safety education, and boosts community spirit, making Okoboji Yacht Club Inc an essential part of the region's social and recreational landscape.




This information is meant to be a general summary of Okoboji 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
$46,022 (2023)
Expenses
$46,400 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $113
  • Gross Receipts: $153,923

Assets and Liabilities:

  • Total Assets: $3,861
  • Total Liabilities: $1,311
  • Net Assets: $2,550

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Organization Details

Principal Officer

Bradley D Farrar

NTEE Category

Code: N50 - Recreation

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