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Pistakee Yacht Club

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

EIN: 362590123 ✦ Mchenry, IL ✦ Designated as a 501(c)(7)

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Overview

What is Pistakee Yacht Club?

Pistakee Yacht Club is a nonprofit organization situated in McHenry, Illinois. Its primary objective is to foster and stimulate an appreciation for sailing and boating among its members and guests. This is accomplished through organizing races and regattas, as well as preserving the club's facilities and grounds on Pistakee Lake as a communal space for its members and visitors. The club serves as a gathering place where sailing and boating enthusiasts can come together, share experiences, and participate in various activities.


Official website here: www.sailpyc.org

Is Pistakee Yacht Club legitimate?

Pistakee Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Pistakee Yacht Club 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.sailpyc.org

What is the mission statement of Pistakee Yacht Club?

The Pistakee Yacht Club's mission is centered around fostering an interest in sailing and boating. They aim to accomplish this by organizing racing events and regattas. Additionally, preserving the club's facilities and grounds as a social gathering spot for members and guests is a significant part of their mission. The club serves as a focal point on Pistakee Lake, providing a place where individuals can engage in these activities and build a sense of community.


Official website here: www.sailpyc.org

Who is the CEO of Pistakee Yacht Club?

Mary O'Malley is the President of Pistakee Yacht Club.


Official website here: www.sailpyc.org

What is the revenue of Pistakee Yacht Club?

Pistakee Yacht Club's revenue in 2022 was $52,272.


Official website here: www.sailpyc.org

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


Here are 6 key members and their salaries:


Mary O'Malley (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark O'Malley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Laura King (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Hank Reinke (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Twomey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sarah Hagen (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.sailpyc.org

Where can I find the form 990 for Pistakee Yacht Club?

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


Official website here: www.sailpyc.org

Learn more at the official website: www.sailpyc.org

Mission Statement of Pistakee Yacht Club

The Pistakee Yacht Club, a nonprofit organization, is dedicated to fostering and promoting an enthusiasm for sailing and boating. Its primary mission is to organize racing events and regattas, and to serve as a social gathering spot for its members and guests on Pistakee Lake. Furthermore, the club is committed to preserving its facilities and grounds, ensuring they remain a welcoming and inclusive space for all. By engaging in these activities, the Pistakee Yacht Club aims to foster a sense of camaraderie and shared passion among its members, while also providing a picturesque setting for leisure and recreation on the lake.

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Impact




October, 2024

Pistakee Yacht Club plays a significant role in fostering a love for sailing and boating in the McHenry area. Through its various activities and events, it cultivates an interest in water sports among members and the community, making sailing accessible to people of all ages and skill levels.

The club organizes racing and regattas, which not only promote competitive sailing but also enhance community engagement by bringing together enthusiasts and spectators. These events serve as opportunities for members to hone their skills and for new sailors to learn in a supportive environment.

Moreover, by preserving its facilities and grounds, Pistakee Yacht Club creates a welcoming gathering place on Pistakee Lake. This space serves as a vital hub for social interaction among members and guests, strengthening community bonds and fostering friendships built around a shared passion for boating.

In essence, Pistakee Yacht Club's impact extends beyond sailing; it enriches the local community by promoting recreational activities, boosting camaraderie, and enhancing the overall enjoyment of lake life in McHenry, IL.




This information is meant to be a general summary of Pistakee Yacht Club. 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
$52,272 (2022)
Expenses
$50,017 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $4
  • Program Service Revenue: $35,334
  • Gross Receipts: $69,186

Assets and Liabilities:

  • Total Assets: $676,782
  • Total Liabilities: $0
  • Net Assets: $676,782

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Programs

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

BOAT SLIP INCOME

Revenue

$16,075

CLUBHOUSE INCOME

Revenue

$11,867

SAILING SCHOOL

Revenue

$7,392

Organization Details

Founding Year

1897

Principal Officer

Mary O'Malley

Main Address

PO BOX 111, MCHENRY, IL, 60050

NTEE Category

Code: N67 - Recreation

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