Overview
What is Minnetonka Yacht Club?
The Minnetonka Yacht Club, situated in Deephaven, Minnesota, serves as a social and recreational hub for its members. Its primary mission is to facilitate yachting and sailing activities for its members, ensuring an enjoyable and engaging experience. Additionally, the club extends its reach to the local community by offering sailing experiences and education for the youth, fostering a love for the water sport. With a staff of 43 individuals, the Minnetonka Yacht Club upholds its commitment to providing a welcoming environment for its members and promoting sailing as a shared passion.
Official website here: www.minnetonkatachtclub.org
Is Minnetonka Yacht Club legitimate?
Minnetonka Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Minnetonka 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: $181,177
For more financial information, click here
Official website here: www.minnetonkatachtclub.org
What is the mission statement of Minnetonka Yacht Club?
The Minnetonka Yacht Club serves as a social club, dedicated to providing recreational and social yachting and sailing activities for its members. Beyond catering to its own members, the club also extends sailing experiences and education to the youth within the community. The club's primary goal is to offer various watercraft activities for its members, contributing to their leisure and social engagement.
Official website here: www.minnetonkatachtclub.org
Who is the CEO of Minnetonka Yacht Club?
David Sime is the Vice Commodore of Minnetonka Yacht Club.
Official website here: www.minnetonkatachtclub.org
What is the revenue of Minnetonka Yacht Club?
Minnetonka Yacht Club's revenue in 2022 was $729,673.
Official website here: www.minnetonkatachtclub.org
Who are the executives of Minnetonka Yacht Club and what are their salaries?
The average compensation at Minnetonka Yacht Club during 2022 was $4,213. There are 43 employees and 14 volunteers at Minnetonka Yacht Club.
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Official website here: www.minnetonkatachtclub.org
Where can I find the form 990 for Minnetonka Yacht Club?
Minnetonka Yacht Club's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.minnetonkatachtclub.org
Learn more at the official website: www.minnetonkatachtclub.org
Mission Statement of Minnetonka Yacht Club
The Minnetonka Yacht Club, as a social organization, is committed to providing recreational and social yachting and sailing activities for its members. Beyond catering to its own membership, the club also extends this maritime experience to the youth of the local community. Through its various activities, the Minnetonka Yacht Club serves as a platform for members to engage in watersports, fostering a sense of camaraderie and shared enjoyment. The club goes beyond its primary mission, offering sailing watercraft activities to further engage its members and the community's young people in the nautical world.
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Impact
October, 2024
Minnetonka Yacht Club significantly enriches the community by providing recreational and social yachting and sailing activities for its members. Located in Deephaven, MN, the club fosters a vibrant social environment, encouraging interpersonal connections among boaters and enthusiasts. Through organized events and activities, members can enjoy the joys of sailing, develop camaraderie, and build lasting friendships on the water.
In addition to serving its members, the club plays a vital role in engaging the youth of the community by offering sailing experiences and educational programs. These initiatives not only teach young people essential sailing skills but also promote teamwork, responsibility, and a love for the outdoors. By nurturing the next generation of sailors, Minnetonka Yacht Club contributes to a vibrant maritime culture in the region, ensuring the continuation of yachting traditions for years to come.
This information is meant to be a general summary of Minnetonka 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: $32,299
- Program Service Revenue: $649,338
- Gross Receipts: $753,959
Assets and Liabilities:
- Total Assets: $578,967
- Total Liabilities: $6,778
- Net Assets: $572,189
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBER STORAGE INCOME
Revenue
$237,749
MEMBERSHIP DUES
Revenue
$219,434
SOCIAL ACTIVITIES
Revenue
$190,755
ADVERTISING INCOME
Revenue
$1,400
Organization Details
Founding Year
1889
Phone
(952) 474-4457Principal Officer
David Sime
Main Address
19800 MINNETONKA BOULEVARD, DEEPHAVEN, MN, 55331
Website
www.minnetonkatachtclub.orgNTEE Category
Code: N50 - Recreation
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