Ford Yacht Club Inc

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

EIN: 381686906 ✦ Grosse ile, MI ✦ Designated as a 501(c)(7)

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Overview

What is Ford Yacht Club Inc?

Ford Yacht Club Inc is a nonprofit organization situated in Grosse Ile, Michigan. Its primary mission is to provide a full-service marina exclusively for affiliated yacht clubs. The organization develops, manages, and maintains a private yacht harbor, offering boat services. In addition, they aim to offer a program of social and educational activities at an affordable cost through a co-operative basis. The club's operations include acquiring and maintaining property required for the use of facilities, thereby ensuring its members can enjoy their yachting experience to the fullest. With a workforce of 40 employees, Ford Yacht Club Inc is committed to providing its members with a comprehensive yacht club experience.


Official website here: www.fordyachtclub.com

What do the Facebook reviews say about Ford Yacht Club Inc?

92% of the 498 reviewers on Facebook recommend Ford Yacht Club Inc. Here is a summary of their reviews:

Many members express a strong attachment to the club, referring to it as their "happy place" and indicating that they consistently have a great time during their visits. The positive sentiment is evident, as users appreciate the welcoming atmosphere and enjoy the community vibe fostered by the organization.

Overall, it appears that Ford Yacht Club Inc successfully brings people together and provides enjoyable experiences, contributing to a positive reputation among its members.


This AI summary has been generated from reviews found on Facebook.

Is Ford Yacht Club Inc legitimate?

Ford Yacht Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Ford Yacht Club Inc 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: $139,611

For more financial information, click here


Official website here: www.fordyachtclub.com

What is the mission statement of Ford Yacht Club Inc?

The Ford Yacht Club Inc's mission is centered around the development and management of a private yacht harbor, offering boat services. They also acquire and maintain property necessary for these facilities. The primary objective is to provide a program of social and educational activities on a cooperative basis, aiming to keep costs as low as possible. These activities are designed to cater to the members of affiliated yacht clubs, offering them a full-service marina.


Official website here: www.fordyachtclub.com

What is the revenue of Ford Yacht Club Inc?

Ford Yacht Club Inc's revenue in 2023 was $1,028,759.


Official website here: www.fordyachtclub.com

Who are the executives of Ford Yacht Club Inc and what are their salaries?

The average compensation at Ford Yacht Club Inc during 2023 was $4,363. There are 32 employees at Ford Yacht Club Inc.

Here are 13 key members and their salaries:


Sharon Harper (Rear Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daivd Tesorero (Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Stone (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rich Brower (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patrick Smithbauer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Larry Strasser (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Randy Rankin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Macdonald (Chairman Of The Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Dalessandro (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Meakin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Heath Bogart (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gerry Gatt (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Wilson (Controller)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.fordyachtclub.com

Where can I find the form 990 for Ford Yacht Club Inc?

Ford Yacht Club Inc's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.fordyachtclub.com

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

Mission Statement of Ford Yacht Club Inc

Ford Yacht Club Inc, as a nonprofit organization, is dedicated to developing, managing, and maintaining a private yacht harbor, offering boat services. Its primary mission is to provide a program of social and educational activities on a cooperative basis, ensuring these activities are accessible at the lowest possible cost. The club's objective is to cater to its members, primarily affiliated yacht clubs, by offering a full-service marina. This mission aims to create a welcoming environment for its members, fostering a sense of community and shared experiences through its extensive program of social and educational activities.

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Impact




October, 2024

Ford Yacht Club Inc significantly enhances the recreational opportunities available to its members by developing and managing a private yacht harbor and offering comprehensive boat services. Located in Grosse Ile, MI, the club creates a vibrant community for sailing enthusiasts, providing a full-service marina exclusively for its members and affiliated yacht clubs.

The club fosters a spirit of cooperation through a range of social and educational activities, allowing members to connect, share knowledge, and participate in events that promote maritime skills and camaraderie. Emphasizing cost-effective operations, the club is dedicated to making boating accessible and enjoyable for its members, contributing to the overall quality of life in the area. Moreover, the acquisition and maintenance of the necessary properties ensure that the facilities are well-equipped for both leisure and educational purposes, reinforcing the club's commitment to a well-rounded recreational experience.




This information is meant to be a general summary of Ford Yacht Club Inc. 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
$1,028,759 (2023)
Expenses
$914,862 (2023)
Efficiency

Other financial information:

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

  • Program Service Revenue: $480,828
  • Gross Receipts: $2,119,127

Assets and Liabilities:

  • Total Assets: $6,045,877
  • Total Liabilities: $1,123,505
  • Net Assets: $4,922,372

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Programs

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

MISCELLANEOUS
0

Revenue

$387

Organization Details

Founding Year

1947

Principal Officer

Thomas Macdonald

NTEE Category

Code: N50 - Recreation

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