Toledo Sailing Club Inc

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

EIN: 346540173 ✦ Maumee, OH ✦ Designated as a 501(c)(7)

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Overview

What is Toledo Sailing Club Inc?

Toledo Sailing Club Inc is a community-focused nonprofit organization that fosters camaraderie among its members. They primarily offer docking facilities as a service, for which they charge a fee. This boating club is dedicated to bringing together individuals who share a passion for sailing, providing a platform for social interaction and enjoyment of the water.


Official website here: www.toledosailingclub.com

Is Toledo Sailing Club Inc legitimate?

Toledo Sailing Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Toledo Sailing 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: $2,880
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,535

For more financial information, click here


Official website here: www.toledosailingclub.com

What is the mission statement of Toledo Sailing Club Inc?

The Toledo Sailing Club Inc, as a boating club, fosters camaraderie among its members. Beyond promoting social connections, the club offers docking facilities to its members at a fee. The primary objective of the club is to create a congenial environment for its members, while also providing them with necessary docking facilities. This club-centric approach aims to enhance the boating experience for its members, fostering a sense of community and shared passion for sailing.


Official website here: www.toledosailingclub.com

What is the revenue of Toledo Sailing Club Inc?

Toledo Sailing Club Inc's revenue in 2024 was $183,354.


Official website here: www.toledosailingclub.com

Who are the executives of Toledo Sailing Club Inc and what are their salaries?

The average compensation at Toledo Sailing Club Inc during 2024 was $1,042. There are 10 employees and 300 volunteers at Toledo Sailing Club Inc.

Here are 5 key members and their salaries:


Douglas Hoff (Treasurer)
  • Compensation: $1,680
  • Related: $0
  • Other: $0
Michele Van Dromme (Financial Se)
  • Compensation: $1,200
  • Related: $0
  • Other: $0
Chuck Martin (Vice Commodo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Aj Moser (Rear Commodo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Richards (Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.toledosailingclub.com

Where can I find the form 990 for Toledo Sailing Club Inc?

Toledo Sailing Club Inc's most recent form 990 was submitted in 2024 and can be accessed here.


Official website here: www.toledosailingclub.com

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

Mission Statement of Toledo Sailing Club Inc

Toledo Sailing Club Inc, as a boating organization, is dedicated to fostering camaraderie among its members. One of its primary functions is to offer docking facilities to its members for a fee, serving as a hub for boating enthusiasts to connect and share their passion. The club's mission is centered around promoting a sense of community among its members, providing a space where they can engage in boating activities and enjoy each other's company. The club's focus on fellowship and docking services demonstrates its commitment to supporting the boating interests of its members.

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Impact




October, 2024

Toledo Sailing Club Inc significantly enhances the local community by fostering a strong sense of fellowship among its members. The club serves as a social hub where boating enthusiasts can connect, share experiences, and build lasting relationships. Through organized events and activities, members engage with one another, creating a vibrant community centered around a shared passion for sailing and boating.

Additionally, the club’s provision of docking facilities allows members to easily access their boats, promoting a lifestyle that encourages outdoor recreation and exploration. This not only benefits individual members but also contributes to the local economy by attracting boating activity in the Toledo area. The club's focus on recreation enriches the lives of its members and strengthens community ties, making Toledo Sailing Club Inc an essential part of the local boating culture.




This information is meant to be a general summary of Toledo Sailing 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
$183,354 (2024)
Expenses
$177,529 (2024)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2024.

  • Investment Income: $1,156
  • Program Service Revenue: $28,862
  • Gross Receipts: $260,852

Assets and Liabilities:

  • Total Assets: $117,327
  • Total Liabilities: $103,368
  • Net Assets: $13,959

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Programs

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

DOCK INCOME

Revenue

$28,862

Organization Details

Founding Year

1942

Principal Officer

Douglas Hoff

NTEE Category

Code: N67 - Recreation

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