Overview
What is Island Bay Yacht Club?
The Island Bay Yacht Club, situated in Springfield, Illinois, serves as a nonprofit organization dedicated to promoting and fostering the sport of sailing, yachting, and other wholesome recreational activities. With a team of 153 individuals, the club's primary mission is to encourage camaraderie among its members while engaging in these recreational pursuits. The club's purpose extends beyond the realm of sailing and yachting, as it aims to contribute positively to the community by encouraging wholesome recreational activities. The Island Bay Yacht Club invests in the payment of expenses to support and cultivate these interests.
Official website here: www.ibyconline.com
Is Island Bay Yacht Club legitimate?
Island Bay Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Island Bay 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: $124,073
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,169,403
For more financial information, click here
Official website here: www.ibyconline.com
What is the mission statement of Island Bay Yacht Club?
The Island Bay Yacht Club's mission is centered around promoting and fostering the sports of sailing, yachting, and other wholesome recreational activities. This organization aims to build camaraderie among its members by encouraging these activities. Financial resources are allocated to support and facilitate the pursuit of these sports, thereby promoting a sense of fellowship within the club.
Official website here: www.ibyconline.com
Who is the CEO of Island Bay Yacht Club?
Chris Hanken is the Commodore of Island Bay Yacht Club.
Official website here: www.ibyconline.com
What is the revenue of Island Bay Yacht Club?
Island Bay Yacht Club's revenue in 2022 was $2,540,644.
Official website here: www.ibyconline.com
Who are the executives of Island Bay Yacht Club and what are their salaries?
The average compensation at Island Bay Yacht Club during 2022 was $8,454. There are 153 employees at Island Bay Yacht Club.
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- Compensation: $111,698
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- Other: $12,375
Official website here: www.ibyconline.com
Where can I find the form 990 for Island Bay Yacht Club?
Island Bay Yacht Club's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ibyconline.com
Learn more at the official website: www.ibyconline.com
Mission Statement of Island Bay Yacht Club
Island Bay Yacht Club, a nonprofit organization, is dedicated to encouraging and fostering the popular pastimes of sailing, yachting, and other wholesome recreational activities. The primary objective of this club is to promote camaraderie among its members. By covering the expenses necessary to support these activities, Island Bay Yacht Club plays a pivotal role in nurturing these hobbies and reinforcing the sense of fellowship among its members. The club's mission is to create an environment that encourages the enjoyment of these recreational pursuits, while simultaneously fostering a sense of community among its members.
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Impact
October, 2024
Island Bay Yacht Club significantly enhances the local community's recreational landscape by promoting sailing, yachting, and other wholesome activities. Through its initiatives, the club fosters a vibrant culture of maritime engagement, enabling members and newcomers alike to connect with nature and develop valuable skills on the water.
The club creates opportunities for fellowship among its members, cultivating strong social bonds and a shared passion for aquatic sports. This sense of community not only enriches individual experiences but also strengthens social ties within Springfield, IL. By encouraging participation in these recreational activities, Island Bay Yacht Club contributes to the overall well-being of its members, promoting physical fitness, teamwork, and a lifelong appreciation for sailing and yachting.
Moreover, the club's focus on wholesome recreation offers a constructive alternative for leisure time, fostering a positive environment for people of all ages. In doing so, it enhances the quality of life in the area, making Springfield a more vibrant and engaged community.
This information is meant to be a general summary of Island Bay 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,487
- Program Service Revenue: $99,001
- Gross Receipts: $3,146,178
Assets and Liabilities:
- Total Assets: $5,104,323
- Total Liabilities: $1,496,700
- Net Assets: $3,607,623
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SLIP AND HARBOR FEES
Revenue
$75,884
SWIMMING
Revenue
$14,093
SAILING/BOATING
Revenue
$8,134
MIDSTATE REGATTA INCOME
Revenue
$890
Organization Details
Founding Year
1935
Phone
(217) 529-5418Principal Officer
Chris Hanken
Main Address
76 YACHT CLUB ROAD, SPRINGFIELD, IL, 62712
Website
www.ibyconline.comNTEE Category
Code: N50 - Recreation
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