Grosse Ile Yacht Club

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

EIN: 381302367 ✦ Grosse ile, MI ✦ Designated as a 501(c)(7)

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Overview

What is Grosse Ile Yacht Club?

The Grosse Ile Yacht Club is a nonprofit organization, situated with undisclosed details, dedicated to fostering and stimulating members' interest in boating and navigation skills. Its primary objective is to enhance the members' knowledge in these areas and encourage social interaction among them, their families, and friends. The club plays an integral role in promoting camaraderie and mutual support among its members.


Official website here: www.giyc.com

Is Grosse Ile Yacht Club legitimate?

Grosse Ile Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Grosse Ile 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: $102,750

For more financial information, click here


Official website here: www.giyc.com

What is the mission statement of Grosse Ile Yacht Club?

The Grosse Ile Yacht Club's mission is centered around fostering and stimulating interest in boating and navigation among its members. The organization aims to help its members enhance their skills in these areas. Additionally, the club promotes social interaction among its members, their families, and friends. This is outlined in their mission statement as seen in the Form 990, specifically on page 1, part 1, line 1.


Official website here: www.giyc.com

Who is the CEO of Grosse Ile Yacht Club?

Erik Heilman is the Director of Grosse Ile Yacht Club.


Official website here: www.giyc.com

What is the revenue of Grosse Ile Yacht Club?

Grosse Ile Yacht Club's revenue in 2022 was $822,447.


Official website here: www.giyc.com

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

The average compensation at Grosse Ile Yacht Club during 2022 was $1,772. There are 58 employees at Grosse Ile Yacht Club.


Here are 13 key members and their salaries:


Alec Chabalowski (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Hahn (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Erik Heilman (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rick Hopper (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bruce Milkins (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terry Mccarthy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Pettinga (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Roger Pollock (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ryan Rozycki (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Will Evans (Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Janet Joyce (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cortney Mccarthy (Vice Commodo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Sawka (Rear Commodo)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.giyc.com

Where can I find the form 990 for Grosse Ile Yacht Club?

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


Official website here: www.giyc.com

Learn more at the official website: www.giyc.com

Mission Statement of Grosse Ile Yacht Club

Grosse Ile Yacht Club, as a nonprofit organization, is dedicated to nurturing and inspiring its members' passion for boating and navigation. Its primary goal is to enhance the members' proficiency in these skills. Furthermore, the club aims to foster a sense of camaraderie and sociability among its members, their families, and friends. This is achieved by providing a platform that encourages the sharing of knowledge and experiences in the art of boating. The club's mission, as stated in its form 990, is to stimulate interest and aid its members in improving their boating and navigation skills, while simultaneously promoting social interaction.

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Impact




October, 2024

Grosse Ile Yacht Club plays a significant role in the community by fostering a deep appreciation for boating and navigation among its members. By providing educational resources and opportunities for members to enhance their knowledge and skills, the club cultivates a culture of safe and responsible boating practices.

Additionally, the club serves as a hub for social interaction, promoting camaraderie among members, their families, and friends. This focus on socialability not only strengthens community bonds but also enriches the overall boating experience. The collective activities and events organized by the club provide a platform for members to connect, share experiences, and build lasting relationships.

Overall, Grosse Ile Yacht Club contributes to the local culture by promoting recreational activities that enhance the quality of life in the area, while also emphasizing the importance of education in boating and navigation.




This information is meant to be a general summary of Grosse Ile 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
$822,447 (2022)
Expenses
$849,405 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $746
  • Program Service Revenue: $808,373
  • Gross Receipts: $942,400

Assets and Liabilities:

  • Total Assets: $1,028,899
  • Total Liabilities: $508,125
  • Net Assets: $520,774

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Programs

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

RESTAURANT & BEVERAGE, NET

Revenue

$349,917

MEMBERSHIP DUES & ASSESSMENTS

Revenue

$284,663

STORAGE, HAUL OUT & DOCKAGE

Revenue

$151,217

BOATING PROG REGIST FEES

Revenue

$18,668

MERCHANDISE & MISC SALES

Revenue

$3,908

Organization Details

Founding Year

1935

Principal Officer

Erik Heilman

Main Address

29677 EAST RIVER ROAD, GROSSE ILE, MI, 48138

NTEE Category

Code: N50 - Recreation

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