The Pontiac Yacht Club

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

EIN: 381254659 ✦ Pontiac, MI ✦ Designated as a 501(c)(7)

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Overview

What is The Pontiac Yacht Club?

The Pontiac Yacht Club is a private, member-owned organization located unspecified. Its primary activity revolves around sailboat racing, hosting events every Wednesday evening and some Monday evenings from May to September, as well as on Sundays. The club offers various storage options for sailboats, including dock storage for 41 boats, land storage for 63 boats, and rack storage for 54 boats during the mentioned period. To foster a sense of community, the club organizes eight social events and one major regatta in a typical year. In certain seasons, they also host six social events and two major regattas. Overall, the Pontiac Yacht Club serves as a hub for sailing enthusiasts, providing a platform for racing, social interaction, and boat storage.


Official website here: www.pyc54.org

Is The Pontiac Yacht Club legitimate?

The Pontiac Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. The Pontiac Yacht Club submitted a form 990EZ, 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.


Official website here: www.pyc54.org

What is the mission statement of The Pontiac Yacht Club?

The Pontiac Yacht Club functions as a private members-only organization, primarily focused on sailboat racing activities. It hosts regular races every Wednesday evening, Sunday, and some Mondays during the summer months, from May through September. The club offers various storage solutions for sailboats, including dock storage for 41 boats, land storage for 63 boats, and rack storage for 54 boats. Additionally, the club organizes social events and major regattas, with a record of hosting eight social events and one major regatta, or six social events and two major regattas in different instances. Overall, the Pontiac Yacht Club serves as a hub for sailors, providing a space for competitive racing and social gatherings.


Official website here: www.pyc54.org

Who is the CEO of The Pontiac Yacht Club?

Caleb Mathers is the President of The Pontiac Yacht Club.


Official website here: www.pyc54.org

What is the revenue of The Pontiac Yacht Club?

The Pontiac Yacht Club's revenue in 2023 was $148,394.


Official website here: www.pyc54.org

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


Here are 3 key members and their salaries:


Caleb Mathers (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chaturi Edrisinha (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Salo Korn (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.pyc54.org

Where can I find the form 990EZ for The Pontiac Yacht Club?

The Pontiac Yacht Club's most recent form 990EZ was submitted in 2023 and can be accessed here.


Official website here: www.pyc54.org

Learn more at the official website: www.pyc54.org

Mission Statement of The Pontiac Yacht Club

The Pontiac Yacht Club, a private member-owned organization, is primarily dedicated to sailboat racing activities. It hosts regular events, specifically sailboat races every Wednesday evening and Sunday, as well as some Monday evenings, during the summer months from May through September. The club's mission extends beyond racing, as it also offers various storage options for its members' sailboats. This includes dock storage for 41 boats, land storage for 63 boats, and rack storage for 54 boats.

In addition to sailboat racing and storage, The Pontiac Yacht Club also hosts social events to foster a sense of community among its members. The club organizes eight social events and one major regatta annually. However, the number of events may vary, as there are instances where six social events and two major regattas are held instead. The club's diverse range of activities and services cater to the sailing needs and social interests of its members, making it a hub for sailboat enthusiasts.

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Impact




October, 2024

The Pontiac Yacht Club significantly enhances the local community by providing a vibrant hub for sailing enthusiasts in Pontiac, MI. By organizing sailboat races every Wednesday evening and Sunday, as well as some Monday evenings from May through September, the club promotes friendly competition and fosters a sense of camaraderie among its members.

In addition to racing, the club accommodates a sizable number of sailboats, offering dock storage for 41 vessels, land storage for 63, and rack storage for 54. This commitment to providing ample storage options ensures that sailing is accessible to both novice and experienced sailors.

The club also plays a vital social role by hosting eight social events and major regattas throughout the year, creating opportunities for networking, building friendships, and enhancing the sailing community. With a total capacity for 168 sailboats across various storage methods, the Pontiac Yacht Club contributes to the recreational landscape, enriching the lives of its members and promoting an active lifestyle in the region.




This information is meant to be a general summary of The Pontiac 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
$148,394 (2023)
Expenses
$136,642 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $722
  • Program Service Revenue: $52,652
  • Gross Receipts: $148,394

Assets and Liabilities:

  • Total Assets: $498,374
  • Total Liabilities: $0
  • Net Assets: $498,374

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Organization Details

Principal Officer

Caleb Mathers

Main Address

P O Box 430594, Pontiac, MI, 48343

NTEE Category

Code: N50 - Recreation

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