Pymatuning Yacht Club

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

EIN: 251092295 ✦ Lyndhurst, OH ✦ Designated as a 501(c)(7)

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Overview

What is Pymatuning Yacht Club?

Pymatuning Yacht Club, situated in Lyndhurst, Ohio, serves as a hub for sailing enthusiasts. Established with the aim of promoting and encouraging sailboat racing, the club plays a significant role in overseeing sailing activities on Pymatuning Reservoir. It maintains a harbor, waterfronts, and facilities for drysail and storage of member boats. Furthermore, the club takes responsibility for maintaining club boats, ensuring they are seaworthy for water safety, sailing instruction, and racing purposes. The Yacht Club's mission extends beyond racing, as it provides sailing instruction to nurture new sailors and adheres to water safety rules.


Official website here: www.pymatuningyachtclub.com

Is Pymatuning Yacht Club legitimate?

Pymatuning Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Pymatuning 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: $0

For more financial information, click here


Official website here: www.pymatuningyachtclub.com

What is the mission statement of Pymatuning Yacht Club?

The mission of Pymatuning Yacht Club is primarily focused on promoting and fostering sailing activities and sailboat racing. In pursuit of this objective, the club works towards conducting races and advocating for adherence to water safety rules. Additionally, the club is engaged in maintaining harbor, waterfronts, and drysail and storage areas for its members' boats. The club also maintains club boats for sailing instruction and racing purposes, enhancing the safety aspects of sailing.


Official website here: www.pymatuningyachtclub.com

Who is the CEO of Pymatuning Yacht Club?

Laura B Helwig is the Commodore of Pymatuning Yacht Club.


Official website here: www.pymatuningyachtclub.com

What is the revenue of Pymatuning Yacht Club?

Pymatuning Yacht Club's revenue in 2022 was $212,336.


Official website here: www.pymatuningyachtclub.com

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


Here are 3 key members and their salaries:


Laura B Helwig (Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Katherine Butters (Vice Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Suzanne Maras (Secretary Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.pymatuningyachtclub.com

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

Pymatuning Yacht Club's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.pymatuningyachtclub.com

Learn more at the official website: www.pymatuningyachtclub.com

Mission Statement of Pymatuning Yacht Club

Pymatuning Yacht Club, a sailing-focused organization, is committed to promoting and encouraging sailing activities on Pymatuning Reservoir. Its primary objective is to organize races and foster adherence to water safety rules. To achieve this mission, the club maintains various facilities such as harbors, waterfronts, drysail areas, and storage spaces for member boats. Additionally, Pymatuning Yacht Club takes care of club boats, which are used for water safety, sailing instruction, and racing purposes. The club also offers sailing instruction to its members, aiming to enhance their skills and enjoyment of the sport. Overall, Pymatuning Yacht Club is dedicated to promoting sailing and sailboat racing while ensuring the safety of its members.

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Impact




October, 2024

Pymatuning Yacht Club significantly enhances the local community by promoting sailing and sailboat racing on Pymatuning Reservoir. Through organized races and sailing events, the club fosters a sense of camaraderie and teamwork among members, creating a vibrant social environment centered around water activities.

In addition to facilitating recreational sailing, the club is dedicated to maintaining safe harbor and waterfront areas, ensuring that both novice and experienced sailors can enjoy the sport with peace of mind. It provides storage solutions for member boats as well as drysailing options, streamlining access for members and promoting a more engaged sailing community.

The emphasis on water safety is a cornerstone of the club’s mission, as it not only imparts essential skills through sailing instruction but also encourages adherence to safety regulations. This proactive approach to education and safety helps cultivate responsible boating habits that benefit all users of the reservoir.

In essence, Pymatuning Yacht Club serves as a crucial hub for sailing enthusiasts in Lyndhurst, OH, enriching the recreational landscape and encouraging a culture of safety, skill development, and community participation.




This information is meant to be a general summary of Pymatuning 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
$212,336 (2022)
Expenses
$212,525 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $9
  • Program Service Revenue: $193,208
  • Gross Receipts: $212,336

Assets and Liabilities:

  • Total Assets: $344,185
  • Total Liabilities: $165,655
  • Net Assets: $178,530

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Programs

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

Senior Dues

Revenue

$110,125

PA Mooring Permits

Revenue

$22,550

Trailer Site

Revenue

$17,320

Big Boat Dock

Revenue

$11,100

Dry Sail

Revenue

$6,100

Organization Details

Founding Year

1946

Principal Officer

Laura B Helwig

Main Address

4932 Oakland Drive, Lyndhurst, OH, 44124

NTEE Category

Code: N50 - Recreation

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