Overview
What is Lorain Sailing & Yacht Club Inc?
Lorain Sailing & Yacht Club Inc is a nonprofit organization dedicated to fostering the joy of boating among its 100 members. The club supports this pursuit through various social events and meticulously maintains a clubhouse, a 50-slip marina, a small boat launch, and a boat storage facility for its members' convenience. Additionally, the club is committed to promoting boating education within the community by offering reduced costs for training and utilizing its facilities to house necessary equipment. Furthermore, the yacht club operates a marina for winter storage of its members' boats and functions as a sports club, specifically catering to boating enthusiasts.
Official website here: www.lorainhbc.org
Is Lorain Sailing & Yacht Club Inc legitimate?
Lorain Sailing & Yacht Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Lorain Sailing & Yacht Club Inc submitted a form 990EZ, 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.
Official website here: www.lorainhbc.org
What is the mission statement of Lorain Sailing & Yacht Club Inc?
The Lorain Sailing & Yacht Club Inc's mission is centered around promoting and fostering the enjoyment of boating among its members. They achieve this through organizing social events and managing facilities that cater to their needs. The club operates a clubhouse, a 50-slip marina, a small boat launch, and a boat storage facility, all exclusively for its members. In addition, the club supports the Boating Education Foundation by offering reduced training costs to the community, utilizing its facilities for training sessions and housing necessary equipment. Lastly, the club manages the marina and winter storage for its members' boats, functioning as a comprehensive boat club for boating enthusiasts.
Official website here: www.lorainhbc.org
Who is the CEO of Lorain Sailing & Yacht Club Inc?
Wesley Scott is the Treasurer of Lorain Sailing & Yacht Club Inc.
Official website here: www.lorainhbc.org
What is the revenue of Lorain Sailing & Yacht Club Inc?
Lorain Sailing & Yacht Club Inc's revenue in 2022 was $174,450.
Official website here: www.lorainhbc.org
Who are the executives of Lorain Sailing & Yacht Club Inc and what are their salaries?
Here are 6 key members and their salaries:
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Official website here: www.lorainhbc.org
Where can I find the form 990EZ for Lorain Sailing & Yacht Club Inc?
Lorain Sailing & Yacht Club Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.
Official website here: www.lorainhbc.org
Learn more at the official website: www.lorainhbc.org
Mission Statement of Lorain Sailing & Yacht Club Inc
Lorain Sailing & Yacht Club Inc is dedicated to promoting and nurturing the joy of boating among its members. With a membership of 100 individuals, the club supports their passion for sailing and yachting through various social events and the maintenance of its facilities. The organization operates a 50-slip marina, a small boat launch, and a boat storage facility, all exclusively for the use of its members. To further its mission, Lorain Sailing & Yacht Club Inc also supports a Boating Education foundation, offering reduced training costs to the wider community. The club provides a physical space for these educational activities and houses the necessary equipment. Additionally, the club operates a marina for winter boat storage, catering to the needs of its members. In essence, Lorain Sailing & Yacht Club Inc serves as a social club and boat club, fostering a sense of camaraderie and shared enthusiasm for boating among its members.
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Impact
October, 2024
Lorain Sailing & Yacht Club Inc significantly enhances the boating community in Lorain, Ohio, by fostering a supportive environment for boating enthusiasts. It maintains a vibrant clubhouse and a 50-slip marina, providing essential facilities for its 100 members. These amenities, along with small boat launch and storage services, facilitate recreational boating activities and create a communal space for social events.
Additionally, the club plays a crucial role in boating education by collaborating with local foundations to offer reduced training costs. This outreach not only promotes safe boating practices but also encourages broader community engagement in water sports. By providing the necessary facilities for education and training, the club helps nurture a new generation of boaters, effectively increasing interest in the sport while ensuring safety on the water.
Overall, Lorain Sailing & Yacht Club Inc serves as a cornerstone for recreational boating in the area, contributing to local tourism and fostering a sense of community among its members. Its operations support both individual joy and collective involvement in the sport of boating, making it an essential part of Lorain's recreational landscape.
This information is meant to be a general summary of Lorain Sailing & 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 2022.
- Investment Income: $1
- Program Service Revenue: $153,210
- Gross Receipts: $182,245
Assets and Liabilities:
- Total Assets: $199,216
- Total Liabilities: $75,472
- Net Assets: $123,744
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Organization Details
Phone
(440) 288-0500Principal Officer
Wesley Scott
Main Address
PO Box 1134, Lorain, OH, 44055
Website
www.lorainhbc.orgNTEE Category
Code: N67 - Recreation
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