Overview
What is Erie Yacht Club Foundation Inc?
The Erie Yacht Club Foundation Inc, based in Erie, Pennsylvania, is a nonprofit organization committed to promoting maritime education and providing opportunities in boating. Their primary mission involves supporting sailing competitions for youth and intercollegiate students, as well as contributing to maritime-related programs and activities. Furthermore, the foundation extends its reach to inner-city teenagers, offering scholarships for the Erie Maritime Museum and Maritime Mini Camp. Their aim is to foster a love for sailing and boating among the younger generation, thereby expanding their horizons.
Official website here: www.erieyachtclubfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating. The Erie Yacht Club Foundation Inc has achieved a rating indicative of a stable financial position, largely attributed to its strong accountability and finance metrics. Its overall score reflects a solid performance in areas such as independent board governance and the absence of material asset diversion.
Strengths of the organization include having a fully independent board, with all 12 members meeting this criterion, as well as a commendable program expense ratio of 75.76%. This indicates that a substantial portion of its funds is allocated toward programs rather than administrative costs. Additionally, the foundation has demonstrated good practices in transparency, such as documenting board meeting minutes and ensuring its website is listed on its tax form.
However, there are notable limitations highlighted in the data, particularly the absence of key policies such as conflict of interest, whistleblower, and document retention policies. These missing elements may raise concerns regarding governance practices. Furthermore, the organization has not posted its tax form on its website as stated in its Form 990, which could affect transparency and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Erie Yacht Club Foundation Inc legitimate?
Erie Yacht Club Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Erie Yacht Club Foundation Inc 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:
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Official website here: www.erieyachtclubfoundation.org
What is the mission statement of Erie Yacht Club Foundation Inc?
The Erie Yacht Club Foundation's mission is centered around three key areas: promoting maritime education, fostering youth and intercollegiate sailing competitions, and expanding opportunities in boating. In line with this mission, the foundation works towards supporting various initiatives. These include providing scholarships for sailing schools, contributing to the Erie Maritime Museum, and organizing a maritime mini camp for inner city teenagers. The goal is to make boating more accessible and to inspire young people in the field of sailing.
Official website here: www.erieyachtclubfoundation.org
Who is the CEO of Erie Yacht Club Foundation Inc?
Charlotte Mashyna is the Trustee of Erie Yacht Club Foundation Inc.
Official website here: www.erieyachtclubfoundation.org
What is the revenue of Erie Yacht Club Foundation Inc?
Erie Yacht Club Foundation Inc's revenue in 2022 was $76,202.
Official website here: www.erieyachtclubfoundation.org
Who are the executives of Erie Yacht Club Foundation Inc and what are their salaries?
Here are 12 key members and their salaries:
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Official website here: www.erieyachtclubfoundation.org
Where can I find the form 990 for Erie Yacht Club Foundation Inc?
Erie Yacht Club Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.erieyachtclubfoundation.org
Learn more at the official website: www.erieyachtclubfoundation.org
Mission Statement of Erie Yacht Club Foundation Inc
The Erie Yacht Club Foundation, with a clear mission, strives to advance maritime education, foster youth and intercollegiate sailing competitions, and broaden opportunities in boating. By pursuing these objectives, the foundation aims to positively impact the sailing community and encourage the involvement of young individuals. To achieve its mission, the Erie Yacht Club Foundation provides support for various initiatives, including sailing school scholarships, the Erie Maritime Museum, and the maritime mini camp for inner-city teens. These programs aim to make sailing accessible to a wider audience and inspire a passion for the sea among the youth. By investing in these initiatives, the Erie Yacht Club Foundation seeks to promote the sport of sailing, nurture talent, and cultivate a love for the maritime world.
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Impact
August, 2024
Erie Yacht Club Foundation Inc is making a significant impact by advancing maritime education, promoting youth and intercollegiate sailing competition, and expanding opportunities in boating. Through initiatives such as sailing school scholarships, the Erie Maritime Museum, and maritime mini camps for inner-city teens, the foundation is actively supporting the growth and development of maritime skills and knowledge in the community. This work not only enhances recreational opportunities but also fosters a deeper appreciation for boating and sailing, enriching the lives of individuals and the community as a whole.
This information is meant to be a general summary of Erie Yacht Club Foundation 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $99,215
Assets and Liabilities:
- Total Assets: $1,288,388
- Total Liabilities: $0
- Net Assets: $1,288,388
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Organization Details
Founding Year
2009
Phone
(814) 453-4931Principal Officer
Charlotte Mashyna
Main Address
1903 W 8th Street PMB 232, Erie, PA, 165054936
NTEE Category
Code: N67 - Recreation
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