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:
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- Compensation: $107,550
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- Other: $6,313
- Compensation: $6,250
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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.
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
Website
www.erieyachtclub.orgNTEE Category
Code: N50 - Recreation
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