Overview
What is Lakeside Yacht Club Inc?
Lakeside Yacht Club Inc, located in Cleveland, Ohio, is a nonprofit organization that offers facilities and services for its members to engage in various water activities such as yachting, sailing, boating, and other related sports. Formed with the purpose of promoting these water-based activities, the club provides premier amenities to its members, aiming to foster a community centered around these pastimes. With a dedicated team of 75 employees, Lakeside Yacht Club Inc serves as a hub for individuals with a passion for water sports, offering them a platform to enjoy their interests and connect with like-minded individuals.
Official website here: www.lakesideyachtclub.com
What do the Facebook reviews say about Lakeside Yacht Club Inc?
94% of 59 reviewers on Facebook recommend Lakeside Yacht Club Inc. Here is a summary of their reviews:
Many patrons express their appreciation for the welcoming atmosphere and the quality of service at the club, highlighting specific staff members' efforts, notably Larry's commitment to enhancing visitors’ experiences. The consistent mention of positive interactions suggests a strong sense of community and support within the club.
Overall, the sentiment is overwhelmingly positive, with users feeling satisfied and grateful for the experiences they have at Lakeside Yacht Club. The club appears to deliver on its promises, making it a sought-after destination for its members and guests.
This AI summary has been generated from reviews found on Facebook.
Is Lakeside Yacht Club Inc legitimate?
Lakeside Yacht Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Lakeside 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $216,640
For more financial information, click here
Official website here: www.lakesideyachtclub.com
What is the mission statement of Lakeside Yacht Club Inc?
The mission of Lakeside Yacht Club Inc, as stated, is to promote yachting, sailing, boating, and various other watersport activities. To accomplish this, the club provides premium yacht club facilities and services for its members, enabling them to engage in these activities. The primary objective is to create an environment where members can participate in and enjoy these water-based activities. While the club does not explicitly mention it in the provided information, one could infer that it also aims to foster a sense of community among its members and contribute to the development and promotion of these watersports.
Official website here: www.lakesideyachtclub.com
What is the revenue of Lakeside Yacht Club Inc?
Lakeside Yacht Club Inc's revenue in 2023 was $1,701,575.
Official website here: www.lakesideyachtclub.com
Who are the executives of Lakeside Yacht Club Inc and what are their salaries?
The average compensation at Lakeside Yacht Club Inc during 2023 was $2,610. There are 83 employees at Lakeside Yacht Club Inc.
Here are 13 key members and their salaries:
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Official website here: www.lakesideyachtclub.com
Where can I find the form 990 for Lakeside Yacht Club Inc?
Lakeside Yacht Club Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.lakesideyachtclub.com
Learn more at the official website: www.lakesideyachtclub.com
Mission Statement of Lakeside Yacht Club Inc
Lakeside Yacht Club Inc, established with the primary objective, seeks to foster an environment that promotes yachting, sailing, boating, and various other watersport activities. Its mission is centered around providing superior yacht club facilities and services to its members, enabling them to engage in these activities with ease and enjoyment. The club offers a platform for its members to participate in a wide range of water sports, thereby encouraging an active and engaging lifestyle.
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Impact
October, 2024
Lakeside Yacht Club Inc significantly enriches the recreational landscape in Cleveland, Ohio, by promoting yachting, sailing, boating, and various watersport activities. The club provides outstanding facilities and services that enable members to engage in these activities, fostering a vibrant community of boating enthusiasts. By enhancing access to water-based recreation, the club not only encourages individual wellness through outdoor activities but also strengthens social connections among its members. This collective engagement in yachting and other water sports cultivates a shared appreciation for the water, contributing positively to the local culture and economy.
This information is meant to be a general summary of Lakeside 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 2023.
- Investment Income: $39,980
- Program Service Revenue: $1,304,360
- Gross Receipts: $2,580,313
Assets and Liabilities:
- Total Assets: $4,453,504
- Total Liabilities: $946,223
- Net Assets: $3,507,281
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$716,364
FACILITY USAGE
Revenue
$470,524
INITIATION FEES
Revenue
$117,472
Organization Details
Founding Year
1930
Principal Officer
David Hunt
Website
www.lakesideyachtclub.comNTEE Category
Code: N50 - Recreation
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