South Shore Yacht Club

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

EIN: 416084924 ✦ Milwaukee, WI ✦ Designated as a 501(c)(7)

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Overview

What is South Shore Yacht Club?

The South Shore Yacht Club, located in Milwaukee, Wisconsin (specifically at 2300 E Nock St), is a nonprofit organization dedicated to fostering both competitive and leisurely boating activities on Lake Michigan. This mission encompasses promoting sportsmanship and ensuring boating safety among its members and the wider community. With a team of 71 individuals, the club strives to create a supportive environment that encourages enjoyment and skill development in boating activities.


Official website here: www.ssyc.org

Is South Shore Yacht Club legitimate?

South Shore Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. South Shore 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: $147,350
Professional Fundraising Fees: $0
Other Salaries and Wages: $278,492

For more financial information, click here


Official website here: www.ssyc.org

What is the mission statement of South Shore Yacht Club?

The South Shore Yacht Club's mission is centered around fostering both competitive and leisurely boating, promoting sportsmanship, and ensuring boating safety on Lake Michigan. The club actively works towards these objectives, encouraging an environment that values both competition and relaxation on the lake. Safety is a key focus, ensuring all boating activities are carried out in a secure manner.


Official website here: www.ssyc.org

Who is the CEO of South Shore Yacht Club?

Richard Olson is the Commodore of South Shore Yacht Club.


Official website here: www.ssyc.org

What is the revenue of South Shore Yacht Club?

South Shore Yacht Club's revenue in 2022 was $1,330,024.


Official website here: www.ssyc.org

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

The average compensation at South Shore Yacht Club during 2022 was $5,998. There are 71 employees and 203 volunteers at South Shore Yacht Club.


Here are 18 key members and their salaries:


Dick Olson (Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Humphrey (Vice Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Becky Archibald (Rear Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tony Hetchler (Corresponding Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Kingston (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Wehnes (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rena Fischer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pete Larson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dick O'Connell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Arcara (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Roberson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrew Van Sickle (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Sutphen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Craig Griffith (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cheryl Kelly (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brad Kyle (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pete Engel (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Katherine Newton (General Manager)
  • Compensation: $138,620
  • Related: $0
  • Other: $8,730


Official website here: www.ssyc.org

Where can I find the form 990 for South Shore Yacht Club?

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


Official website here: www.ssyc.org

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

Mission Statement of South Shore Yacht Club

The South Shore Yacht Club, as a nonprofit organization, is dedicated to fostering and promoting competitive and leisurely boating activities, sportsmanship, and boating safety on Lake Michigan. Their mission is geared towards encouraging individuals to engage in these pursuits, thereby enriching their experiences and ensuring safety while on the water. By doing so, the club aims to promote a culture of responsible boating and camaraderie among its members.

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Impact




October, 2024

South Shore Yacht Club plays a pivotal role in promoting competitive and recreational boating on Lake Michigan. By fostering an environment that emphasizes sportsmanship and boating safety, the club enhances the experience for both novice and experienced mariners. The activities organized by the club not only cultivate a spirit of camaraderie among boating enthusiasts but also contribute to a vibrant community on the lake. This focus on skill development and safety awareness ensures that participants can enjoy the beauty of Lake Michigan confidently and responsibly, ultimately enriching the local maritime culture. Through its programs and initiatives, the club encourages a deeper appreciation for boating, protecting the aquatic environment, and creating lasting connections among its members and the broader community.




This information is meant to be a general summary of South Shore 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
$1,330,024 (2022)
Expenses
$1,479,878 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $3,210
  • Program Service Revenue: $979,150
  • Gross Receipts: $2,105,395

Assets and Liabilities:

  • Total Assets: $3,365,162
  • Total Liabilities: $1,762,513
  • Net Assets: $1,602,649

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Programs

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

MEMBER DUES, INITIATIO

Revenue

$512,722

DOCK OPERATIONS

Revenue

$387,534

JUNIOR PROGRAM

Revenue

$36,648

QUEENS CUP RACE

Revenue

$30,458

Organization Details

Founding Year

1913

Principal Officer

Richard Olson

Main Address

2300 E NOCK ST, MILWAUKEE, WI, 53207

NTEE Category

Code: N50 - Recreation

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