Wawasee Yacht Club Inc

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

EIN: 351703105 ✦ Fort wayne, IN ✦ Designated as a 501(c)(7)

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Overview

What is Wawasee Yacht Club Inc?

Wawasee Yacht Club Inc, situated in Fort Wayne, Indiana, has been a pillar of sailboat racing for over eight decades. Established on Crestridge Drive, this nonprofit organization is dedicated to fostering and promoting the sport of sailboat racing and enhancing the knowledge of seamanship. Throughout the summer season, from Memorial Day to Labor Day, they organize weekly sailboat races for their 55 members, participating in four classes of one-design sailboats. The club also hosts a variety of regattas, attracting sailors from the Midwest for events such as the E Scow and Hoosier Regatta. Beyond racing, Wawasee Yacht Club Inc is committed to nurturing the next generation of sailors through its successful junior sailing program. With a team of 10 dedicated individuals, this club continues to foster a passionate sailing community on Lake Wawasee in Syracuse, Indiana.


Official website here: www.wawaseeyachtclub.com

What do the Facebook reviews say about Wawasee Yacht Club Inc?

92% of the 7 reviewers on Facebook recommend Wawasee Yacht Club Inc. Here is a summary of their reviews:

There's a strong appreciation for the dedicated volunteers, particularly Jeff Herdrich and his team, who contribute their time and effort to the youth sailing program. Reviewers express gratitude for the commitment shown toward fostering sailing skills among young people, highlighting the positive impact of their involvement.

The overall sentiment indicates that the nonprofit is effectively delivering on its mission to support youth engagement in sailing, earning the respect and recommendation of those who have experienced their programs.


This AI summary has been generated from reviews found on Facebook.

Is Wawasee Yacht Club Inc legitimate?

Wawasee Yacht Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Wawasee 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: $7,970

For more financial information, click here


Official website here: www.wawaseeyachtclub.com

What is the mission statement of Wawasee Yacht Club Inc?

The mission of Wawasee Yacht Club Inc, as stated, is centered around fostering and promoting the sport of sailboat racing. Additionally, the club aims to advance the knowledge of seamanship. Throughout the sailing season, they encourage competition among four classes of one-design sailboats and host a number of premier regattas. The club also has a successful junior sailing program, attracting sailors from the Midwest for events such as the E Scow and Hoosier Regatta.


Official website here: www.wawaseeyachtclub.com

Who is the CEO of Wawasee Yacht Club Inc?

Stephen J Wolfer is the Commodore of Wawasee Yacht Club Inc.


Official website here: www.wawaseeyachtclub.com

What is the revenue of Wawasee Yacht Club Inc?

Wawasee Yacht Club Inc's revenue in 2022 was $109,066.


Official website here: www.wawaseeyachtclub.com

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

The average compensation at Wawasee Yacht Club Inc during 2022 was $797. There are 10 employees and 11 volunteers at Wawasee Yacht Club Inc.


Here are 11 key members and their salaries:


Betsy Berry (Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Blackwell (Vice Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gregory Moore (Rear Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dave Newcomer (Member At Large)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephen Wolfer (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terry Moorman (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Casey Call (Race Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dale Thompson (Building & Grounds)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrew Allen (Docks & Harbor)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeffrey Schmahl (Junior Sailing)
  • Compensation: $0
  • Related: $0
  • Other: $0
Erin Beesley (Social Events)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.wawaseeyachtclub.com

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

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


Official website here: www.wawaseeyachtclub.com

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

Mission Statement of Wawasee Yacht Club Inc

Wawasee Yacht Club Inc, a esteemed organization, is dedicated to fostering and promoting the sport of sailboat racing and the science of seamanship. Their mission is to encourage participation in this nautical activity and enhance the understanding of sailing principles. Throughout the sailing season, the club accommodates several one-design fleets, including E Scows, Lightnings, Sunfish, and I-20s. This allows its 55 members to engage in competitive races each weekend. Furthermore, Wawasee Yacht Club Inc annually organizes a series of premier regattas, attracting sailors from the Midwest for events such as the E Scow and Hoosier Regatta. The club's commitment to sailboat racing and seamanship education is evident in their endeavors, making a significant contribution to the sailing community.

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Impact




October, 2024

Wawasee Yacht Club Inc significantly contributes to the local sailing community and the broader sport of sailboat racing. By fostering and promoting competitive sailing, WYC creates a vibrant environment for sailors of all ages and skill levels. Its commitment to encouraging the science of seamanship enriches the educational experience of participants, particularly through its successful junior sailing program, which cultivates the next generation of sailors.

Operating on Lake Wawasee for over 80 years, WYC hosts weekend sailboat races from Memorial Day to Labor Day, featuring four one-design fleets. This not only provides a platform for local sailors to compete but also attracts participants from across the Midwest during premier regattas such as the E Scow and Hoosier Regatta. Such events enhance community engagement, bring sailors together, and promote camaraderie in the sport.

Ultimately, WYC plays a crucial role in the recreation landscape of Fort Wayne, Indiana, fostering a passion for sailing while promoting physical activity, teamwork, and sportsmanship among its members and the broader community.




This information is meant to be a general summary of Wawasee 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
$109,066 (2022)
Expenses
$123,031 (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
  • Program Service Revenue: $43,561
  • Gross Receipts: $109,066

Assets and Liabilities:

  • Total Assets: $558,174
  • Total Liabilities: $920
  • Net Assets: $557,254

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Programs

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

Regatta Fees

Revenue

$15,118

Sailing Education Fees

Revenue

$28,443

Organization Details

Founding Year

1931

Principal Officer

Stephen J Wolfer

Main Address

9487 Crestridge Dr, Fort Wayne, IN, 46804

NTEE Category

Code: N67 - Recreation

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