Overview
What is Bayview Yacht Club?
The Bayview Yacht Club, located in Detroit, Michigan, is a nonprofit organization that primarily focuses on organizing and sponsoring sailing races and associated social events. It offers dining and bar facilities for its members, providing them with ample opportunities for leisure and social interaction. With a dedicated workforce of 63 individuals, the club aims to cater to the recreational, entertainment, and social needs of its members.
Official website here: www.byc.com
Is Bayview Yacht Club legitimate?
Bayview Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Bayview 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: $538,411
For more financial information, click here
Official website here: www.byc.com
What is the mission statement of Bayview Yacht Club?
The Bayview Yacht Club's mission is to offer recreational, entertaining, and social activities for its members' benefit. This is achieved through organizing and sponsoring various sailing races and related social events. In addition, the club provides dining and bar facilities for its members, creating an overall enjoyable and engaging environment. The primary aim is to cater to the leisure and social needs of its members.
Official website here: www.byc.com
What is the revenue of Bayview Yacht Club?
Bayview Yacht Club's revenue in 2023 was $2,456,439.
Official website here: www.byc.com
Who are the executives of Bayview Yacht Club and what are their salaries?
The average compensation at Bayview Yacht Club during 2023 was $8,413. There are 64 employees at Bayview Yacht Club.
Here are 15 key members and their salaries:
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- Compensation: $172,898
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- Other: $8,481
Official website here: www.byc.com
Where can I find the form 990 for Bayview Yacht Club?
Bayview Yacht Club's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.byc.com
Learn more at the official website: www.byc.com
Mission Statement of Bayview Yacht Club
Bayview Yacht Club, in its mission, aims to provide leisure and social engagement opportunities for its members. It achieves this by organizing and sponsoring a variety of sailing races and related social activities. Additionally, the club offers dining and bar facilities to its members, creating a space for relaxation and camaraderie. Essentially, Bayview Yacht Club's mission is to cater to the recreational, entertaining, and social needs of its members, enriching their experiences through sailing-related events and social gatherings.
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Impact
October, 2024
Bayview Yacht Club plays a significant role in enhancing the recreational and social fabric of the Detroit community. By organizing and sponsoring a variety of sailing races, it fosters a spirit of competition and camaraderie among sailing enthusiasts. These events not only promote sailing as a sport but also attract participants and spectators, creating a vibrant atmosphere that encourages community engagement.
In addition to racing, the club offers dining and bar facilities, creating a welcoming environment for members to gather and socialize. This focus on social activities helps strengthen connections among members, enriching their overall experience and contributing to a sense of belonging. By providing diverse recreational opportunities, Bayview Yacht Club significantly enriches the cultural and social landscape of Detroit, encouraging active lifestyles and community involvement.
This information is meant to be a general summary of Bayview 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 2023.
- Investment Income: $17,317
- Program Service Revenue: $1,951,194
- Gross Receipts: $3,937,319
Assets and Liabilities:
- Total Assets: $8,226,303
- Total Liabilities: $3,022,010
- Net Assets: $5,204,293
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$1,206,332
STORAGE FEES
Revenue
$372,241
RACING REVENUE
Revenue
$327,004
CLUB FLEET
Revenue
$33,957
TRAPSHOOTING
Revenue
$11,660
Organization Details
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