Racine Yacht Club

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

EIN: 390765762 ✦ Racine, WI ✦ Designated as a 501(c)(7)

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Overview

What is Racine Yacht Club?

The Racine Yacht Club, situated at 1 Barker Street, Racine, Wisconsin 53402, is a nonprofit organization dedicated to fostering an interest in yachting and promoting camaraderie among its members. With a team of eight dedicated individuals, the club's primary objective is to encourage yachting activities and cultivate a positive atmosphere of camaraderie among its members. The club's mission remains unchanged, focusing on the joy and fellowship that yachting provides.


Official website here: www.racineyachtclub.org

Is Racine Yacht Club legitimate?

Racine Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Racine 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.racineyachtclub.org

What is the mission statement of Racine Yacht Club?

The Racine Yacht Club is committed to fostering an interest in yachting and cultivating a sense of camaraderie. Their mission is geared towards encouraging and promoting yachting activities, aiming to establish a harmonious environment among its members. Their ultimate goal is to instill a spirit of fellowship within the yachting community.


Official website here: www.racineyachtclub.org

Who is the CEO of Racine Yacht Club?

Amy Cermak is the Commodore of Racine Yacht Club.


Official website here: www.racineyachtclub.org

What is the revenue of Racine Yacht Club?

Racine Yacht Club's revenue in 2023 was $473,767.


Official website here: www.racineyachtclub.org

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

There are 8 employees and 298 volunteers at Racine Yacht Club.


Here are 5 key members and their salaries:


Amy Cermak (Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Aaron Cruthers (Rear Commodo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sean Fox (Vice Commodo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Laurie Hennig (Rec. Secreta)
  • Compensation: $0
  • Related: $0
  • Other: $0
Greg Miller (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.racineyachtclub.org

Where can I find the form 990 for Racine Yacht Club?

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


Official website here: www.racineyachtclub.org

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

Mission Statement of Racine Yacht Club

The Racine Yacht Club, as an organization, is dedicated to fostering and promoting the activity of yachting. Their mission is to create an atmosphere of camaraderie and fellowship among its members, ultimately encouraging the passion for yachting. By emphasizing the enjoyment and practice of yachting, the club strives to foster a sense of community and shared experiences among its members.

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Impact




October, 2024

Racine Yacht Club plays a vital role in enhancing the yachting community and fostering a sense of camaraderie among its members in Racine, Wisconsin. By actively promoting yachting, the club encourages both experienced sailors and newcomers to engage in the sport, ensuring its growth and sustainability. The club's efforts contribute to a vibrant recreational atmosphere, where individuals can enjoy the beauty of sailing while building lasting friendships and partnerships. Through events, training programs, and social gatherings, Racine Yacht Club cultivates a spirit of good fellowship, enriching the local community and increasing interest in water sports. Its commitment to yachting not only elevates individual experiences but also strengthens community ties, making it a cornerstone of recreational life in Racine.




This information is meant to be a general summary of Racine 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
$473,767 (2023)
Expenses
$430,804 (2023)
Efficiency

Other financial information:

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

  • Investment Income: $102
  • Program Service Revenue: $164,016
  • Gross Receipts: $850,862

Assets and Liabilities:

  • Total Assets: $524,444
  • Total Liabilities: $257,008
  • Net Assets: $267,436

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Programs

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

MEMBERSHIPS

Revenue

$164,016

Organization Details

Principal Officer

Amy Cermak

Main Address

1 BARKER ST, RACINE, WI, 53402

NTEE Category

Code: N50 - Recreation

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