Overview
What is Milwaukee Yacht Club?
The Milwaukee Yacht Club is a nonprofit organization situated in Milwaukee, Wisconsin, specifically at 1700 N Lincoln Memorial Drive. This club promotes sailing, boating, and various recreational activities for its members. Members can also enjoy dining and social events. The club offers a full-time staff to cater to various dock services, including both summer and winter storage. A significant part of its mission is to educate and encourage sail and power boating, as well as yacht building. The club also maintains a junior program, which offers sailing and racing lessons for beginners and intermediate boaters. Furthermore, the club organizes various regattas throughout the year to enrich the yachting experience. The Milwaukee Yacht Club employs 77 individuals to accomplish these goals.
Official website here: www.milwaukeeyc.com
Is Milwaukee Yacht Club legitimate?
Milwaukee Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Milwaukee 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: $127,847
Professional Fundraising Fees: $0
Other Salaries and Wages: $460,114
For more financial information, click here
Official website here: www.milwaukeeyc.com
What is the mission statement of Milwaukee Yacht Club?
The Milwaukee Yacht Club's mission involves collaborating with the United States Navy and Coast Guard. It aims to foster and promote sail and power boating, as well as yacht building, and the understanding of naval architecture. The organization also focuses on acquiring, cultivating, and disseminating naval science and nautical knowledge, customs, and beliefs. They encourage learning and engagement in sailing, power boating, swimming, and various outdoor or indoor sports and recreational activities that promote sportsmanship, closer fellowship, and social interaction among its members. Additionally, they acquire and manage necessary or useful property for the advancement of their objectives.
Official website here: www.milwaukeeyc.com
Who is the CEO of Milwaukee Yacht Club?
William Baxter is the Commodore of Milwaukee Yacht Club.
Official website here: www.milwaukeeyc.com
What is the revenue of Milwaukee Yacht Club?
Milwaukee Yacht Club's revenue in 2022 was $1,754,339.
Official website here: www.milwaukeeyc.com
Who are the executives of Milwaukee Yacht Club and what are their salaries?
The average compensation at Milwaukee Yacht Club during 2022 was $7,636. There are 77 employees and 10 volunteers at Milwaukee Yacht Club.
Here are 13 key members and their salaries:
- Compensation: $711
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- Compensation: $3,437
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- Compensation: $110,746
- Related: $0
- Other: $12,953
Official website here: www.milwaukeeyc.com
Where can I find the form 990 for Milwaukee Yacht Club?
Milwaukee Yacht Club's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.milwaukeeyc.com
Learn more at the official website: www.milwaukeeyc.com
Mission Statement of Milwaukee Yacht Club
The Milwaukee Yacht Club is an organization with a mission to collaborate with the United States Navy and the United States Coast Guard. Its primary objective is to foster and promote sail and power boating, as well as yacht building. The club also aims to cultivate and disseminate naval science and nautical knowledge, customs, and beliefs. Beyond these, the Milwaukee Yacht Club encourages its members to engage in various outdoor and indoor sports and recreational activities that foster sportsmanship, closer fellowship, and social interaction among its members. Lastly, the organization acquires, holds, and owns any necessary or useful property for the furtherance of its mission.
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Impact
October, 2024
Milwaukee Yacht Club significantly enriches the local community and fosters a spirit of camaraderie among its members through various recreational and educational activities centered around boating and sailing. The club actively collaborates with the United States Navy and the Coast Guard, promoting a sense of nautical responsibility and awareness.
By providing sailing, power boating, and yacht-building programs, the club prioritizes both the enjoyment and the knowledge of nautical arts. Its junior program is particularly impactful, introducing young enthusiasts to the world of sailing, offering them lessons that develop skills and instill a sense of discipline.
The club's organization of regattas throughout the year not only heightens the yachting experience but also encourages friendly competition, teamwork, and sportsmanship. Through its diverse recreational opportunities and social events, Milwaukee Yacht Club fosters connections between members, creating a tight-knit community that values outdoor activities and shared experiences on the water. Overall, the club plays a vital role in promoting boating culture and maritime education in the Milwaukee area.
This information is meant to be a general summary of Milwaukee 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: $1,668
- Program Service Revenue: $1,825,308
- Gross Receipts: $2,562,507
Assets and Liabilities:
- Total Assets: $3,449,892
- Total Liabilities: $2,259,675
- Net Assets: $1,190,217
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$1,287,032
YARD/DOCK FEES
Revenue
$434,467
SAILING AND RACING FEE
Revenue
$68,583
ROOM/EQUIPMENT FEES
Revenue
$35,226
Organization Details
Founding Year
1871
Phone
(414) 271-4455Principal Officer
William Baxter
Main Address
1700 N LINCOLN MEMORIAL DRIVE, MILWAUKEE, WI, 53202
Website
www.milwaukeeyc.comNTEE Category
Code: N50 - Recreation
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