Chagrin Lagoons Yacht Club

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

EIN: 340835152 ✦ Willowick, OH ✦ Designated as a 501(c)(7)

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Overview

What is Chagrin Lagoons Yacht Club?

Chagrin Lagoons Yacht Club is a nonprofit organization situated in Eastlake, Ohio. With a staff of 36 individuals, their primary mission revolves around promoting safe boating and sailing activities. They offer a blend of social and recreational opportunities related to these aquatic pursuits. The club's goal is to ensure a secure and enjoyable boating experience for its members. Beyond the water, they also organize various social events that foster camaraderie among their members.


Official website here: www.clycohio.com

Is Chagrin Lagoons Yacht Club legitimate?

Chagrin Lagoons Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Chagrin Lagoons 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: $234,886

For more financial information, click here


Official website here: www.clycohio.com

What is the mission statement of Chagrin Lagoons Yacht Club?

The Chagrin Lagoons Yacht Club serves as a social and recreational club, dedicated to promoting safe boating and sailing. Its mission involves providing support for these activities and offering related social events. The club actively advocates for safe boating practices, fostering an environment where members can enjoy their passion for boating and sailing safely.


Official website here: www.clycohio.com

What is the revenue of Chagrin Lagoons Yacht Club?

Chagrin Lagoons Yacht Club's revenue in 2023 was $1,334,540.


Official website here: www.clycohio.com

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

The average compensation at Chagrin Lagoons Yacht Club during 2023 was $6,348. There are 37 employees at Chagrin Lagoons Yacht Club.

Here are 14 key members and their salaries:


Mike Amato (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Andrews (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Boylan (Measurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dave D'Amico (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Don Hunt (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dennis Kunc (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Orlando (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Smith (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Zika (Fleet Captai)
  • Compensation: $0
  • Related: $0
  • Other: $0
Aaron Bolton (Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Justin Cox (Rear Commodo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Fink (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Iacobucci (Vice Commodo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leadele Reese (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.clycohio.com

Where can I find the form 990 for Chagrin Lagoons Yacht Club?

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


Official website here: www.clycohio.com

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

Mission Statement of Chagrin Lagoons Yacht Club

Chagrin Lagoons Yacht Club is a social and recreational club that is committed to promoting safe boating and sailing. Their mission is to provide support and resources for individuals interested in these activities. Beyond promoting safety, the club also offers social opportunities related to boating and sailing. By focusing on both safety and recreation, Chagrin Lagoons Yacht Club aims to foster a community of enthusiasts who can enjoy these activities together in a secure environment.

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Impact




October, 2024

Chagrin Lagoons Yacht Club significantly influences the community by promoting safe boating and sailing practices. Through its social and recreational activities, the club fosters a supportive environment that encourages both newcomers and experienced boaters to engage in water-related activities. By organizing events and providing resources, the club enhances the enjoyment of boating while ensuring safety standards are upheld, thereby contributing to a culture of responsible water recreation in Eastlake, OH. Additionally, the social aspect of the club cultivates connections among members, strengthening community ties and fostering a shared passion for boating and sailing.




This information is meant to be a general summary of Chagrin Lagoons 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
$1,334,540 (2023)
Expenses
$1,302,138 (2023)
Efficiency

Other financial information:

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

  • Program Service Revenue: $700,593
  • Gross Receipts: $1,334,540

Assets and Liabilities:

  • Total Assets: $3,817,660
  • Total Liabilities: $446,662
  • Net Assets: $3,370,998

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Programs

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

GALLEY SERVICES

Revenue

$219,027

GAS DOCK - NONMEMBERS

Revenue

$210,765

FOOD/BEVERAGE SALES

Revenue

$188,526

GAS DOCK - MEMBERS

Revenue

$81,507

GAS DOCK - OTHER

Revenue

$768

Organization Details

Founding Year

1946

Principal Officer

Tom Fink

NTEE Category

Code: N03 - Recreation

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