Okauchee Lake Yacht Club

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

EIN: 391470044 ✦ Oconomowoc, WI ✦ Designated as a 501(c)(7)

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Overview

What is Okauchee Lake Yacht Club?

The Okauchee Lake Yacht Club is a nonprofit organization situated in Ocononomowoc, Wisconsin. Their main objective is to foster and enhance sailing activities on inland lakes. Members contribute through membership fees, which are utilized to cover the general expenses associated with the club's activities. The club plays a significant role in promoting sailing on inland lakes, thereby enriching this nautical pastime for its members.


Official website here: www.olyc.org

Is Okauchee Lake Yacht Club legitimate?

Okauchee Lake Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Okauchee Lake 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.olyc.org

What is the mission statement of Okauchee Lake Yacht Club?

The Okauchee Lake Yacht Club's mission is centered around promoting the progress of sailing on inland lakes. Their primary objective is to advance sailing activities on these bodies of water. The organization achieves this by utilizing member dues to cover the general expenses associated with the club's activities, thereby supporting inland sailing. By doing so, they contribute to the growth and enjoyment of sailing within their community.


Official website here: www.olyc.org

Who is the CEO of Okauchee Lake Yacht Club?

Thomas Carrigan is the Treasurer of Okauchee Lake Yacht Club.


Official website here: www.olyc.org

What is the revenue of Okauchee Lake Yacht Club?

Okauchee Lake Yacht Club's revenue in 2022 was $152,254.


Official website here: www.olyc.org

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

There 25 volunteers at Okauchee Lake Yacht Club.


Here are 7 key members and their salaries:


Chris Pinahs (Member At Large)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Kay (Member At Large)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dan Schalk (Rear Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cindy Amato (Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Don Wiseman (Vice Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Carrigan (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Don Walk (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.olyc.org

Where can I find the form 990 for Okauchee Lake Yacht Club?

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


Official website here: www.olyc.org

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

Mission Statement of Okauchee Lake Yacht Club

Okauchee Lake Yacht Club, as an organization, is dedicated to promoting the development of sailing on inland lakes. Their mission is centered around advancing this nautical activity, recognizing the unique charm of inland water bodies. By becoming a member, individuals contribute to the club's general expenses, thereby supporting various sailing-related activities.

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Impact




October, 2024

Okauchee Lake Yacht Club plays a crucial role in promoting and advancing the sport of sailing on inland lakes. By fostering a community of sailing enthusiasts, the club supports recreational activities that promote an active lifestyle and enhance the enjoyment of local waterways. Membership dues help sustain various club activities, ensuring that members can participate in organized sailing events, training sessions, and educational programs.

This commitment not only enriches the individual experience of members but also strengthens community engagement in Oconomowoc and the surrounding areas. Through its focus on sailing, the club cultivates a deeper appreciation for the local environment, encourages water safety, and provides opportunities for camaraderie among sailing aficionados. The impact extends beyond just sailing; it contributes to the overall vibrancy and recreational culture of the region, making it a significant part of the community.




This information is meant to be a general summary of Okauchee Lake 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
$152,254 (2022)
Expenses
$123,936 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $241
  • Program Service Revenue: $144,428
  • Gross Receipts: $152,254

Assets and Liabilities:

  • Total Assets: $279,528
  • Total Liabilities: $2,841
  • Net Assets: $276,687

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Programs

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

Boat Reg & Storage

Revenue

$2,200

Member Dues

Revenue

$80,629

Party Income

Revenue

$44,669

Regatta Income

Revenue

$16,930

Organization Details

Founding Year

1991

Principal Officer

Thomas Carrigan

Main Address

P O BOX 272, OCONOMOWOC, WI, 53066

NTEE Category

Code: N50 - Recreation

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