Overview
What is Detroit Yacht Club Foundation?
The Detroit Yacht Club Foundation is a dedicated nonprofit organization, headquartered in Detroit, with a primary focus on preserving and maintaining the historic Detroit Yacht Club clubhouse, a landmark listed on the National Register of Historic Places. The foundation aims to restore and protect this significant structure, offering designated times for educational tours for both public and private groups, subject to approval from the Detroit Yacht Club and the foundation itself. The mission of the Detroit Yacht Club Foundation is to ensure the long-term viability and historical significance of this cherished waterfront landmark.
Official website here: www.dycfoundation.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Stars)
The Detroit Yacht Club Foundation has earned a commendable Four-Star rating from Charity Navigator, reflecting a strong performance in accountability and finance. With an overall score of 90%, the organization demonstrates significant transparency in its operations, which is essential for donor trust and engagement. The rating indicates that the foundation effectively manages its financial resources, with a very low liabilities-to-assets ratio of 0.95%.
One of the notable strengths of the foundation is its governance structure, which features a fully independent board of directors. This independence, along with policies such as conflict of interest and document retention, further enhances the organization's credibility. Additionally, the foundation maintains a high program expense ratio of 97.62%, suggesting that a substantial portion of its resources is directed towards its charitable programs rather than administrative costs.
However, it is worth mentioning that the foundation lacks a whistleblower policy, which is an important aspect of organizational governance. This omission could pose a risk for the organization in terms of ensuring accountability and protecting individuals who might report unethical behavior. Overall, the Detroit Yacht Club Foundation shows strong operational integrity but may benefit from addressing this governance gap.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Detroit Yacht Club Foundation?
96% of reviewers on Facebook recommend the Detroit Yacht Club Foundation. Here is a summary of their reviews:
Many users express delight in their experiences at the foundation, particularly highlighting collaborative events hosted at the venue. Reviews note that the ambiance and facilities are well-suited for various gatherings, making it a popular choice for events such as photo shoots. The positive interactions with staff and the overall experience underscore a strong appreciation for what the foundation offers.
Overall, the sentiment towards the Detroit Yacht Club Foundation is overwhelmingly positive, suggesting that guests find the location not only charming but also accommodating for their needs.
This AI summary has been generated from reviews found on Facebook.
Is Detroit Yacht Club Foundation legitimate?
Detroit Yacht Club Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Detroit Yacht Club Foundation 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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For more financial information, click here
Official website here: www.dycfoundation.com
What is the mission statement of Detroit Yacht Club Foundation?
The Detroit Yacht Club Foundation's mission is centered around the restoration, preservation, maintenance, protection, and repair of a historically significant clubhouse, which is listed on the National Register of Historic Places. This organization also extends an invitation to designated educational and public groups to tour the structure, subject to approval from both the Detroit Yacht Club and the Detroit Yacht Club Foundation.
Official website here: www.dycfoundation.com
Who is the CEO of Detroit Yacht Club Foundation?
Robin Heller is the Secretary of Detroit Yacht Club Foundation.
Official website here: www.dycfoundation.com
What is the revenue of Detroit Yacht Club Foundation?
Detroit Yacht Club Foundation's revenue in 2022 was $493,462.
Official website here: www.dycfoundation.com
Who are the executives of Detroit Yacht Club Foundation and what are their salaries?
There 61 volunteers at Detroit Yacht Club Foundation.
Here are 7 key members and their salaries:
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Official website here: www.dycfoundation.com
Where can I find the form 990 for Detroit Yacht Club Foundation?
Detroit Yacht Club Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.dycfoundation.com
Learn more at the official website: www.dycfoundation.com
Mission Statement of Detroit Yacht Club Foundation
The Detroit Yacht Club Foundation's mission is centered around the preservation and restoration of a historic structure. Specifically, they aim to restore, maintain, protect, and repair the Detroit Yacht Club clubhouse, a building of significance that holds a place on the National Register of Historic Places. This mission extends beyond the mere upkeep of the building, as the foundation also seeks to provide access for educational and public groups to tour the structure with the approval of both the Detroit Yacht Club and the Detroit Yacht Club Foundation. By doing so, they contribute to the preservation and appreciation of this historical landmark, allowing others to learn about its history and significance.
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Impact
July, 2024
The impact of the Detroit Yacht Club Foundation is significant in the restoration, preservation, maintenance, protection, and repair of the Detroit Yacht Club clubhouse. This historic structure on the National Register of Historic Places is not only being safeguarded but also made accessible to education and public groups for tours at designated times. This initiative showcases a commitment to preserving cultural heritage and providing enriching experiences for the community.
This information is meant to be a general summary of Detroit Yacht Club Foundation. 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.
- Gross Receipts: $538,186
Assets and Liabilities:
- Total Assets: $243,807
- Total Liabilities: $2,335
- Net Assets: $241,472
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Organization Details
Founding Year
2012
Phone
(313) 757-5240Principal Officer
Robin Heller
Main Address
1 RIVERBANK RD BELLE ISLE, DETROIT, MI, 48207
Website
www.dycfoundation.comNTEE Category
Code: A80 - Arts
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