Overview
What is Lake Michigan Yacht Club Inc?
Lake Michigan Yacht Club Inc, positioned in New Buffalo, Michigan, functions as a harmonious blend of a yacht club and a social club. This nonprofit organization provides a variety of programs that cater to its members, primarily focused on social activities. As a recreational, pleasure, or social club, it offers an inviting atmosphere for its members to engage in enjoyable activities.
Is Lake Michigan Yacht Club Inc legitimate?
Lake Michigan Yacht Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Lake Michigan 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: $11,780
For more financial information, click here
What is the mission statement of Lake Michigan Yacht Club Inc?
The Lake Michigan Yacht Club Inc serves as a multifaceted organization, functioning both as a yacht club and a social club. Its mission is to provide member-focused activities, catering to the recreational, pleasure, or social needs of its members. The club fosters a sense of community and camaraderie through its program offerings. While specific details about its mission beyond offering social activities were not provided, it is clear that Lake Michigan Yacht Club Inc is dedicated to providing an enjoyable experience for its members.
Who is the CEO of Lake Michigan Yacht Club Inc?
Gary Weglarz is the Commodore of Lake Michigan Yacht Club Inc.
What is the revenue of Lake Michigan Yacht Club Inc?
Lake Michigan Yacht Club Inc's revenue in 2022 was $455,377.
Who are the executives of Lake Michigan Yacht Club Inc and what are their salaries?
The average compensation at Lake Michigan Yacht Club Inc during 2022 was $11,780. There is 1 employee at Lake Michigan Yacht Club Inc.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Lake Michigan Yacht Club Inc?
Lake Michigan Yacht Club Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lake Michigan Yacht Club Inc
Lake Michigan Yacht Club Inc serves as a hub for both yachting enthusiasts and social enthusiasts alike. Its mission is to facilitate member activities, acting as a recreational, pleasure, or social club. Located in New Buffalo, MI, this nonprofit organization provides a platform for its members to engage in a variety of social activities. The Lake Michigan Yacht Club Inc is dedicated to fostering a community where members can enjoy each other's company and share their passion for yachting.
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Impact
October, 2024
Lake Michigan Yacht Club Inc fosters a vibrant community through its yacht club and social club activities. Located in New Buffalo, MI, it provides a welcoming environment for members to engage in recreational and social pursuits. The club offers a variety of programs and events that encourage networking and camaraderie among its members, enhancing the overall social fabric of the region. By promoting sailing and water-based recreation, it also contributes to the local economy through increased tourism and recreational opportunities, making it a valued asset to the New Buffalo area.
This information is meant to be a general summary of Lake Michigan 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: $345
- Gross Receipts: $491,101
Assets and Liabilities:
- Total Assets: $2,135,731
- Total Liabilities: $6,009
- Net Assets: $2,129,722
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Organization Details
Founding Year
1972
Phone
(312) 623-6200Principal Officer
Gary Weglarz
Main Address
PO Box 358, New Buffalo, MI, 49117
NTEE Category
Code: N50 - Recreation
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