Lake County Yacht Club Inc

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

EIN: 341780342 ✦ Mentor, OH ✦ Designated as a 501(c)(7)

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Overview

What is Lake County Yacht Club Inc?

Lake County Yacht Club Inc, situated in Mentor, Ohio, is a nonprofit organization led by Ray Koeth. Its primary purpose is to serve its members by offering valuable insights into government boating regulations. Additionally, the club provides guidance on boat care and maintenance, ensuring members can keep their vessels in optimal condition. Safety is a significant focus, with the club actively promoting safe boating practices. Furthermore, Lake County Yacht Club fosters a sense of community among its members, encouraging sociability within the boating community.


Official website here: www.lcycohio.com

Is Lake County Yacht Club Inc legitimate?

Lake County Yacht Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Lake County 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: $0

For more financial information, click here


Official website here: www.lcycohio.com

What is the mission statement of Lake County Yacht Club Inc?

The Lake County Yacht Club Inc's mission is centered around providing valuable information to its members regarding government boating regulations. It also offers advice on the care and maintenance of boats. Moreover, the club is committed to promoting boating safety and fostering a sense of camaraderie within the boating community. By doing so, it encourages a sociable environment among its members.


Official website here: www.lcycohio.com

Who is the CEO of Lake County Yacht Club Inc?

Ray Koeth is the Trustee of Lake County Yacht Club Inc.


Official website here: www.lcycohio.com

What is the revenue of Lake County Yacht Club Inc?

Lake County Yacht Club Inc's revenue in 2022 was $270,552.


Official website here: www.lcycohio.com

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


Here are 9 key members and their salaries:


Kyle Reese (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bob Palmer (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Kromar (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ray Koeth (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Phil Friedel (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pc Rebecca Scaffide (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Chalko (Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kathy Thomas (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Keith Booth (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.lcycohio.com

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

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


Official website here: www.lcycohio.com

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

Mission Statement of Lake County Yacht Club Inc

Lake County Yacht Club, as an organization, is dedicated to serving its members by providing them with essential information regarding government boating regulations. Beyond this, the club plays a crucial role in educating its members about the care and maintenance of boats. The mission of Lake County Yacht Club extends beyond these two aspects, as it also prioritizes the promotion of boating safety and the encouragement of social bonding within the boating community. By doing so, the club fosters a sense of camaraderie and mutual support among its members, making their boating experiences safer and more enjoyable. Ray Koeth oversees the operations of this organization, ensuring that it continues to serve its members effectively.

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Impact




October, 2024

Lake County Yacht Club Inc significantly enhances the boating experience for its members by providing essential resources and support related to boating regulations, maintenance, and safety. Its efforts to disseminate information about government boating regulations help ensure that members remain compliant and informed, fostering a culture of responsible boating.

Additionally, the club plays a crucial role in promoting boating safety, equipping members with the knowledge and skills necessary to navigate waterways safely, which ultimately reduces accidents and enhances the overall experience on the water.

Moreover, the club's commitment to encouraging sociability among the boating community cultivates a sense of belonging and camaraderie among members. This connection not only enriches individual experiences but also strengthens the local boating community, creating a network of support and friendship that enhances social interactions and shared experiences on the water. Through these activities, Lake County Yacht Club Inc has a meaningful impact on both the individual members and the wider boating community in Mentor, OH.




This information is meant to be a general summary of Lake County 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
$270,552 (2022)
Expenses
$281,696 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $3,153
  • Gross Receipts: $270,552

Assets and Liabilities:

  • Total Assets: $604,300
  • Total Liabilities: $558,841
  • Net Assets: $45,459

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Organization Details

Founding Year

1965

Principal Officer

Ray Koeth

Main Address

PO BOX 5005, Mentor, OH, 440615005

NTEE Category

Code: N03 - Recreation

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