Northeast Yacht Club

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

EIN: 340652073 ✦ Cleveland, OH ✦ Designated as a 501(c)(7)

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Overview

What is Northeast Yacht Club?

The Northeast Yacht Club is a vibrant social and maritime organization, located near Lake Erie. It functions as a refuge for its around 205 members and their families, providing various amenities such as dockage, fuel stations, winter and summer storage facilities, and a spacious clubhouse. Acting as a hub for boating enthusiasts, the club aims to foster a sense of community among its members.


Official website here: www.neyc.org

Is Northeast Yacht Club legitimate?

Northeast Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Northeast 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: $83,102

For more financial information, click here


Official website here: www.neyc.org

What is the mission statement of Northeast Yacht Club?

The Northeast Yacht Club functions as a social and recreational club, primarily focused on yachting activities. It provides essential services to its approximately 205 members and their families, including dockage, gas docks, winter and summer storage, and a clubhouse on Lake Erie. The club's purpose is primarily to serve as a hub for its members, offering them a space to enjoy yachting and related activities.


Official website here: www.neyc.org

What is the revenue of Northeast Yacht Club?

Northeast Yacht Club's revenue in 2023 was $322,820.


Official website here: www.neyc.org

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

The average compensation at Northeast Yacht Club during 2023 was $13,850. There are 6 employees and 106 volunteers at Northeast Yacht Club.

Here are 17 key members and their salaries:


Tim Davis (Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nick Vaccaro (Vice Commodore / Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Allen Strange (Rear Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chuck Mulinax (Secretary / Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Ranney (Vice Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Yearick (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ted Golubski Until 73123 (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Helt (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill Feiler (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Carney Until 113023 (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill Schultz (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marian O'Brien (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill Barth (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrew Schmidt (Fleet Captain)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lorne Franklin Until 113023 (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Don Fletcher (Financial Secretary / Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nancy Thompson Until 113023 (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.neyc.org

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

Northeast Yacht Club's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.neyc.org

Learn more at the official website: www.neyc.org

Mission Statement of Northeast Yacht Club

Northeast Yacht Club, as a social and yacht club, is dedicated to providing its members with a conducive environment. The club offers various amenities to its approximately 205 members and their families, enabling them to enjoy Lake Erie. These facilities include dockage, gas docks, winter storage, and summer storage, along with a clubhouse. By offering these accommodations, Northeast Yacht Club serves as a hub for its members to engage in yachting activities and fosters a sense of community within its membership.

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Impact




October, 2024

Northeast Yacht Club plays a significant role in fostering community and social engagement among its members in Cleveland, Ohio. With approximately 205 members and their families, the club serves as a hub for recreational activities centered around Lake Erie, providing essential services such as dockage, gas docks, and both winter and summer storage.

The clubhouse offers a welcoming space for socializing, connecting members, and sharing a love for boating and water-related activities. Through its offerings, Northeast Yacht Club enhances the quality of life for its members by creating opportunities for relaxation, recreation, and camaraderie, ultimately contributing to a vibrant local boating culture.




This information is meant to be a general summary of Northeast 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
$322,820 (2023)
Expenses
$250,107 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $7,320
  • Program Service Revenue: $272,235
  • Gross Receipts: $364,142

Assets and Liabilities:

  • Total Assets: $718,388
  • Total Liabilities: $453
  • Net Assets: $717,935

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Programs

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

MAINTENANCE

Revenue

$147,542

OTHER FEES AND CHARGES

Revenue

$80,030

DOCKAGE

Revenue

$31,903

WINTER STORAGE

Revenue

$11,650

YEARBOOK AD REVENUE

Revenue

$1,110

Organization Details

Founding Year

1945

Principal Officer

Don Fletcher

NTEE Category

Code: N03 - Recreation

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