Overview
What is Mackinac Island Yacht Club?
The Mackinac Island Yacht Club is a nonprofit organization located in Mackinac Island, Michigan. With a membership turnover rate of less than 3% annually, the club boasts 310 members who share a common interest in yachting and boating activities on the Great Lakes. The club's primary purpose is to provide a social venue for its members, hosting a variety of events and gatherings, such as planned meals and activities like barbeques and fish fries, twice a week during its season. The club's essence is encapsulated in a historic cottage overlooking the Straits of Mackinac, serving as a hub for members to connect and socialize. Additionally, the Mackinac Island Yacht Club supports local sailing races and events to promote yachting among its members. With a team of 10 dedicated individuals, the club continues to foster a spirit of camaraderie and enjoyment for its members.
Official website here: www.miyachtclub.com
Is Mackinac Island Yacht Club legitimate?
Mackinac Island Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Mackinac Island 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.miyachtclub.com
What is the mission statement of Mackinac Island Yacht Club?
The Mackinac Island Yacht Club's mission is centered around providing a platform for its members to socialize and share experiences. The shared interest among the members revolves around the appreciation and participation in yachting and other boating activities on the Great Lakes. The primary objective of the organization is to foster, develop, and encourage corinthian yachting, promoting these activities on the Great Lakes and inland waters. The club also aims to provide a location for members to gather and socialize, often through sponsored meals and activities, offering an average of two planned meals per week during its season, along with additional events such as barbecues and fish fries. The club sponsors activities that align with the common interest of its members, such as local sailing races.
Official website here: www.miyachtclub.com
Who is the CEO of Mackinac Island Yacht Club?
Andrew Kiener Ii is the Secretary of Mackinac Island Yacht Club.
Official website here: www.miyachtclub.com
What is the revenue of Mackinac Island Yacht Club?
Mackinac Island Yacht Club's revenue in 2022 was $495,342.
Official website here: www.miyachtclub.com
Who are the executives of Mackinac Island Yacht Club and what are their salaries?
There are 10 employees at Mackinac Island Yacht Club.
Here are 4 key members and their salaries:
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- Other: $0
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- Other: $0
Official website here: www.miyachtclub.com
Where can I find the form 990 for Mackinac Island Yacht Club?
Mackinac Island Yacht Club's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.miyachtclub.com
Learn more at the official website: www.miyachtclub.com
Mission Statement of Mackinac Island Yacht Club
The Mackinac Island Yacht Club, with a membership turnover rate of less than 3% annually, serves as a gathering place for its 310 members, fostering social pleasure and entertainment. The organization's primary objective is to encourage and promote corinthian yachting, a term that refers to yachting activities carried out for pleasure rather than for profit, on the Great Lakes and inland waters and tributaries in the United States of America. To achieve this purpose, the club maintains a period cottage overlooking the Straits of Mackinac, which serves as a location for its members to socialize. The Mackinac Island Yacht Club facilitates social gatherings among its members through sponsored meals and activities, offering an average of two planned meals per week during its season along with additional events such as barbeques and fish fries. Moreover, the club supports activities that align with the shared interest of its membership, such as participating in local sailing races, thereby contributing to the promotion of yachting and boating activities on the Great Lakes.
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Impact
October, 2024
Mackinac Island Yacht Club fosters a vibrant community for its members, promoting social interaction and shared experiences centered around a love for yachting and boating on the Great Lakes. By providing a picturesque clubhouse that overlooks the Straits of Mackinac, the club serves as a gathering place where members can enjoy each other's company and participate in organized activities, including planned meals and special events like barbecues and fish fries.
With a low membership turnover of less than 3% annually, the club successfully cultivates a strong sense of belonging among its 310 members. This stability encourages camaraderie and long-lasting friendships, further enriching the social fabric of the club. The organized sailing races and recreational activities not only engage members in the sport of yachting but also enhance community involvement, drawing in both participants and spectators, which contributes to the local culture of Mackinac Island.
Through its various events and social gatherings, Mackinac Island Yacht Club not only prioritizes the enjoyment of its members but also plays a significant role in promoting yachting and boating culture in the region, helping to maintain the Great Lakes' nautical heritage.
This information is meant to be a general summary of Mackinac Island 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: $160
- Program Service Revenue: $232,701
- Gross Receipts: $535,708
Assets and Liabilities:
- Total Assets: $595,795
- Total Liabilities: $205,761
- Net Assets: $390,034
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CLUBHOUSE CHARGES
Revenue
$151,224
FOOD SERVICE
Revenue
$81,477
Organization Details
Founding Year
1937
Phone
(906) 847-3363Principal Officer
Andrew Kiener Ii
Main Address
PO BOX 511, MACKINAC ISLAND, MI, 49757
Website
www.miyachtclub.comNTEE Category
Code: N50 - Recreation
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