Erie Yacht Club

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

EIN: 250466730 ✦ Erie, PA ✦ Designated as a 501(c)(7)

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Overview

What is Erie Yacht Club?

The Erie Yacht Club, established in Erie, Pennsylvania, is a nonprofit organization dedicated to promoting and fostering yachting and boating activities among its members. Their primary mission involves maintaining and enhancing their yachting and boating facilities to encourage participation in these aquatic sports. The club also engages in social recreational activities related to yachting and boating, aiming to improve the overall experience for its members. With a team of 145 individuals, the Erie Yacht Club is committed to contributing to the yachting and boating community within the Erie Yacht Club Basin and the broader Erie Harbor area.


Official website here: www.erieyachtclub.org

Is Erie Yacht Club legitimate?

Erie Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Erie 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: $113,800
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,028,245

For more financial information, click here


Official website here: www.erieyachtclub.org

What is the mission statement of Erie Yacht Club?

The Erie Yacht Club's mission is focused on maintaining, enhancing, and expanding facilities for yachting and boating. They aim to encourage and foster the development of yachting and other aquatic sports. The club also promotes social and recreational activities related to yachting and boating, and works towards improving yachting and boating facilities in the area of Erie Harbor generally.


Official website here: www.erieyachtclub.org

What is the revenue of Erie Yacht Club?

Erie Yacht Club's revenue in 2023 was $3,588,906.


Official website here: www.erieyachtclub.org

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

The average compensation at Erie Yacht Club during 2023 was $6,718. There are 170 employees at Erie Yacht Club.

Here are 13 key members and their salaries:


David Sanner (Past Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Squeglia (Vice Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Harvey Downey (Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Russ Thompson (Rear Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matt Wolford (Fleet Captain)
  • Compensation: $0
  • Related: $0
  • Other: $0
Timothy Weibel (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Mcbrier (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Neal Baker (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carrie Knox (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ben Cares (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Bauman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Bedner (General Manager)
  • Compensation: $107,550
  • Related: $0
  • Other: $6,313
David Wagner (Secretary/Treasurer)
  • Compensation: $6,250
  • Related: $0
  • Other: $0


Official website here: www.erieyachtclub.org

Where can I find the form 990 for Erie Yacht Club?

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


Official website here: www.erieyachtclub.org

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

Mission Statement of Erie Yacht Club

The Erie Yacht Club's mission is centered around maintaining, enhancing, and expanding the facilities for yachting and boating. The primary objective is to foster and cultivate yachting and other aquatic sports, encouraging a sense of community and social recreation. Furthermore, the club strives to improve yachting and boating facilities at the Erie Yacht Club Basin and in the broader Erie Harbor area, aiming to enrich the experiences of those engaged in these activities.

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Impact




October, 2024

Erie Yacht Club plays a significant role in the local community by fostering yachting and boating activities, which enhances recreational opportunities for its members. By maintaining and developing its yachting and boating facilities, the club encourages engagement in aquatic sports and outdoor activities, promoting a healthy and active lifestyle.

The club's facilities not only serve its members but also contribute to the overall enhancement of Erie Harbor, invigorating the waterfront area and attracting visitors. This stimulation of tourism has a positive economic impact on local businesses and promotes community bonding through social recreational activities. The Erie Yacht Club thereby cultivates a vibrant sailing culture, creating a shared environment for individuals who are passionate about water sports and leisure activities, and contributes to the overall quality of life in Erie, PA.




This information is meant to be a general summary of Erie 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.

Revenue
$3,588,906 (2023)
Expenses
$3,103,072 (2023)
Efficiency

Other financial information:

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

  • Program Service Revenue: $2,892,050
  • Gross Receipts: $4,471,977

Assets and Liabilities:

  • Total Assets: $9,557,617
  • Total Liabilities: $244,659
  • Net Assets: $9,312,958

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

MEMBERSHIP DUES

Revenue

$1,190,765

BOATING

Revenue

$992,721

ASSESSMENTS

Revenue

$517,289

INITIATION FEES

Revenue

$191,275

Organization Details

Founding Year

1895

Principal Officer

David Wagner

NTEE Category

Code: N50 - Recreation

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