Overview
What is Lake Geneva Yacht Club Inc?
Lake Geneva Yacht Club Inc, situated in Fontana, Wisconsin, serves as a hub for sailing enthusiasts. This nonprofit organization is committed to fostering a world-class level of competitive sailing, catering to participants at various skill levels. Periodically, they sponsor sailing regattas and host recognition events to honor participants. The club features a restaurant for member use and offers boat storage facilities. Their mission is to maintain one of the country's finest sailing racing facilities, providing both competitive and instructional opportunities in sailing. With a dedicated workforce of 33 individuals, Lake Geneva Yacht Club Inc contributes to the boating community in Fontana, Wisconsin.
Official website here: www.lgyc.com
Is Lake Geneva Yacht Club Inc legitimate?
Lake Geneva Yacht Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Lake Geneva 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:
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Other Salaries and Wages: $721,082
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Official website here: www.lgyc.com
What is the mission statement of Lake Geneva Yacht Club Inc?
Lake Geneva Yacht Club Inc's mission is to establish and uphold an institution that offers a world-class level of competitive sailing education, catering to all skill levels. The club aims to maintain one of the country's finest sailing racing facilities. Regular sailing regattas and recognition events are organized to honor participants, and a restaurant is available for member use. Boat storage facilities are also provided.
Official website here: www.lgyc.com
What is the revenue of Lake Geneva Yacht Club Inc?
Lake Geneva Yacht Club Inc's revenue in 2023 was $1,759,659.
Official website here: www.lgyc.com
Who are the executives of Lake Geneva Yacht Club Inc and what are their salaries?
The average compensation at Lake Geneva Yacht Club Inc during 2023 was $15,023. There are 48 employees at Lake Geneva Yacht Club Inc.
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Official website here: www.lgyc.com
Where can I find the form 990 for Lake Geneva Yacht Club Inc?
Lake Geneva Yacht Club Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.lgyc.com
Learn more at the official website: www.lgyc.com
Mission Statement of Lake Geneva Yacht Club Inc
Lake Geneva Yacht Club Inc is dedicated to establishing and preserving an institution that offers top-notch competitive sailing opportunities, catering to participants at various skill levels. The club's mission involves maintaining one of the nation's finest sailing racing facilities. Lake Geneva Yacht Club Inc periodically sponsors sailing regattas and hosts recognition events to honor the participants. Furthermore, the club provides a restaurant for members to enjoy, along with boat storage facilities. The institution's primary focus is to offer a world-class sailing experience that is both competitive and instructional, ensuring that all sailors can improve their skills and enjoy the sport to its fullest.
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Impact
October, 2024
Lake Geneva Yacht Club Inc plays a pivotal role in fostering a world-class sailing environment, enhancing the local community's engagement with competitive sailing. Through its commitment to maintaining top-tier racing facilities, it serves as a hub for sailors of all skill levels, providing instructional opportunities that elevate the sport.
The club regularly sponsors sailing regattas that not only promote competition but also build camaraderie among participants. These events, coupled with recognition ceremonies, celebrate the achievements of sailors and enhance their experience, creating a vibrant sailing culture.
Additionally, the availability of a restaurant and boat storage facilities adds to the convenience and appeal of the club, making it a social and recreational center for members. Overall, Lake Geneva Yacht Club Inc significantly contributes to the regional economy and recreational landscape, attracting sailors and enthusiasts from near and far.
This information is meant to be a general summary of Lake Geneva 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $5,696
- Program Service Revenue: $282,810
- Gross Receipts: $2,209,553
Assets and Liabilities:
- Total Assets: $2,762,323
- Total Liabilities: $1,123,722
- Net Assets: $1,638,601
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BOAT STORAGE
Revenue
$229,541
REGATTAS
Revenue
$53,269
Organization Details
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