Edgewater Yacht Club Inc

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

EIN: 340638827 ✦ Cleveland, OH ✦ Designated as a 501(c)(7)

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Overview

What is Edgewater Yacht Club Inc?

Edgewater Yacht Club Inc, located in Cleveland, Ohio, is a nonprofit organization with a mission to promote, protect, and encourage the sport of boating. They strive to foster a sense of camaraderie and friendship among their members by encouraging adherence to navigation and seamanship rules. The club's activities are geared towards protecting responsible boating and nurturing social connections within its membership. With a team of 119 dedicated individuals, they work towards achieving their mission.


Official website here: www.eycweb.com

Is Edgewater Yacht Club Inc legitimate?

Edgewater Yacht Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Edgewater 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: $147,774
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,150,891

For more financial information, click here


Official website here: www.eycweb.com

What is the mission statement of Edgewater Yacht Club Inc?

The Edgewater Yacht Club Inc's mission is centered around promoting, protecting, and encouraging responsible boating. The club aims to foster a sense of camaraderie among its members, encouraging social interaction and friendship. Additionally, it encourages its members to understand and adhere to navigation and seamanship rules and laws. The club's mission also involves protecting the sport of boating, ensuring its members are well-versed in the necessary regulations.


Official website here: www.eycweb.com

Who is the CEO of Edgewater Yacht Club Inc?

Nick Lubar is the Trustee of Edgewater Yacht Club Inc.


Official website here: www.eycweb.com

What is the revenue of Edgewater Yacht Club Inc?

Edgewater Yacht Club Inc's revenue in 2022 was $3,342,123.


Official website here: www.eycweb.com

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

The average compensation at Edgewater Yacht Club Inc during 2022 was $10,913. There are 119 employees and 188 volunteers at Edgewater Yacht Club Inc.


Here are 21 key members and their salaries:


Mark Saffell (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Herold (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paula Colahan-Sederstrom (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Aud Jucaitis (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marc Uhrich (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gretchen Oleski (Trustee/Board Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nick Divita (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robb Finicle (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terry Ford Iii (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Craig Kvale (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Vergis (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chip Schaffner (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ed Garrity (Accountant)
  • Compensation: $20,184
  • Related: $0
  • Other: $0
Karen Ford (Rear Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Zelli (Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nick Lubar (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Lechner (Fleet Surgeon)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ron Wolfe (General Manager)
  • Compensation: $127,590
  • Related: $0
  • Other: $0
Julie Osborne (Vice Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom James (Fleet Captain)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Debarr (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.eycweb.com

Where can I find the form 990 for Edgewater Yacht Club Inc?

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


Official website here: www.eycweb.com

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

Mission Statement of Edgewater Yacht Club Inc

Edgewater Yacht Club Inc is dedicated to fostering an environment that encourages responsible boating and strengthens social bonds among its members. The organization's primary mission is to promote, protect, and endorse the sport of boating. To achieve this, Edgewater Yacht Club Inc strives to educate its members about the rules and regulations of navigation and seamanship. By upholding these guidelines, the club aims to ensure the safety and enjoyment of boating activities for all members.

Furthermore, Edgewater Yacht Club Inc actively encourages camaraderie and friendship among its members. The club's mission is to create a sense of community among its boating enthusiasts, fostering a supportive and inclusive environment. By promoting social activities and events, Edgewater Yacht Club Inc aims to bring its members closer together, strengthening their bonds and enhancing their overall boating experience.

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Impact




October, 2024

Edgewater Yacht Club Inc plays a significant role in fostering a vibrant boating community in Cleveland, Ohio. By promoting responsible boating practices, the club emphasizes the importance of safety and adherence to navigation laws, which not only benefits individual members but also enhances overall maritime safety in local waters.

The club cultivates camaraderie among its members, creating a social environment where boaters can share experiences, knowledge, and a sense of belonging. This sense of community not only enriches the club experience but also encourages networking and friendship among boating enthusiasts, contributing to a more engaged and supportive recreational culture.

Ultimately, Edgewater Yacht Club Inc strengthens the recreational boating landscape by encouraging responsible practices and fostering strong social ties among its members, thereby impacting both individual lives and the broader community.




This information is meant to be a general summary of Edgewater 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.

Revenue
$3,342,123 (2022)
Expenses
$3,073,239 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $74
  • Program Service Revenue: $2,353,610
  • Gross Receipts: $4,058,532

Assets and Liabilities:

  • Total Assets: $5,840,337
  • Total Liabilities: $2,792,822
  • Net Assets: $3,047,515

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Programs

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

MEMBERSHIP DUES

Revenue

$1,735,025

DOCKAGE, CATWALK, AND STORAGE

Revenue

$602,995

OTHER MEMBER REVENUE

Revenue

$15,590

Organization Details

Founding Year

1928

Principal Officer

Nick Lubar

Main Address

6700 MEMORIAL SHOREWAY NW, CLEVELAND, OH, 44102

NTEE Category

Code: N50 - Recreation

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