Overview
What is Great Harbor Yacht Club Inc?
Great Harbor Yacht Club Inc is a nonprofit organization situated in Nantucket, Massachusetts, with a significant presence at 96 Washington Street. Their primary mission is to foster a social spirit among its members, offering them lawful recreation and leisure activities. The club is particularly dedicated to promoting sailing, angling, and boating. Through their food and beverage program, which is available to members and their families seven days a week from early June to September, as well as during special events in the shoulder season, they served over 350 individuals. The club's activities aim to advance, benefit, and provide pleasure for its members, extending beyond sailing and boating to offer various recreational, educational, and social events. With a workforce of 176 individuals, the club is committed to providing a comprehensive yachting experience for its members.
Official website here: www.ghyc.com
Is Great Harbor Yacht Club Inc legitimate?
Great Harbor Yacht Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Great Harbor Yacht Club 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:
Executive Compensation: $1,071,691
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,531,757
For more financial information, click here
Official website here: www.ghyc.com
What is the mission statement of Great Harbor Yacht Club Inc?
Great Harbor Yacht Club Inc's mission is centered around fostering a social atmosphere among its members. The primary objective is to encourage activities such as sailing, angling, and boating. The club strives to provide its members with various recreational, educational, and social opportunities. These activities are designed to enhance the lives of the members and their families, as well as their guests. Furthermore, the club aims to serve as a source of pleasure and diversion for its members, contributing to their overall well-being. The clubhouse and facilities serve as a hub for these activities, offering a space for members to engage in their shared interests.
Official website here: www.ghyc.com
Who is the CEO of Great Harbor Yacht Club Inc?
Stephen Creese is the Commodore of Great Harbor Yacht Club Inc.
Official website here: www.ghyc.com
What is the revenue of Great Harbor Yacht Club Inc?
Great Harbor Yacht Club Inc's revenue in 2022 was $9,045,537.
Official website here: www.ghyc.com
Who are the executives of Great Harbor Yacht Club Inc and what are their salaries?
The average compensation at Great Harbor Yacht Club Inc during 2022 was $20,474. There are 176 employees and 80 volunteers at Great Harbor Yacht Club Inc.
Here are 21 key members and their salaries:
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- Other: $28,989
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- Compensation: $120,710
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- Other: $28,989
- Compensation: $123,379
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- Other: $10,582
Official website here: www.ghyc.com
Where can I find the form 990 for Great Harbor Yacht Club Inc?
Great Harbor Yacht Club Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ghyc.com
Learn more at the official website: www.ghyc.com
Mission Statement of Great Harbor Yacht Club Inc
Great Harbor Yacht Club Inc, in its mission, aims to foster a social atmosphere among its members. The primary objective of the club is to encourage sailing, angling, and boating activities. Beyond recreation, the club also provides a range of educational and social activities for its members, their families, and guests. The purpose of these activities is to contribute to the advancement, benefit, diversion, or pleasure of the members. The clubhouse and facilities serve as a hub for these activities, providing a setting where members can connect and engage in various leisure pursuits. The food and beverage program, available for several months each year, further enhances the member experience, catering to over 350 individuals during this period. Overall, Great Harbor Yacht Club Inc is dedicated to promoting a vibrant and enjoyable environment for its members, fostering shared interests and strengthening their social connections.
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Impact
October, 2024
Great Harbor Yacht Club Inc fosters a vibrant community centered around sailing, angling, and boating, significantly enriching the social fabric of Nantucket. By maintaining a clubhouse and various facilities, it provides members with a welcoming space for recreation and social interaction.
The club's food and beverage program, operating seven days a week during peak months, serves over 350 memberships along with their families and guests, creating a hub for gathering and community engagement. Special events held during the shoulder season further enhance this sense of community, offering diverse recreational, educational, and social activities.
The club's mission to encourage recreational activities not only contributes to personal enjoyment but also promotes a spirit of camaraderie among members, enabling lasting friendships and shared experiences on the water. Through its commitment to the advancement and pleasure of its members, Great Harbor Yacht Club Inc has a significant, positive impact on both individual lives and the larger Nantucket community.
This information is meant to be a general summary of Great Harbor 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $41,796
- Program Service Revenue: $7,091,687
- Gross Receipts: $16,326,045
Assets and Liabilities:
- Total Assets: $66,152,546
- Total Liabilities: $12,957,214
- Net Assets: $53,195,332
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$5,116,747
TENNIS AND PRO SHOP
Revenue
$797,470
WATERFRONT
Revenue
$494,959
RENTALS
Revenue
$231,579
OTHER SPORTS & ACTIVITY
Revenue
$153,951
Organization Details
Founding Year
2003
Phone
(508) 680-5033Principal Officer
Stephen Creese
Main Address
96 WASHINGTON STREET, NANTUCKET, MA, 02554
Website
www.ghyc.comNTEE Category
Code: N50 - Recreation
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