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Bal Harbour Yacht Club Inc

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

EIN: 465242554 ✦ Manalapan, FL ✦ Designated as a 501(c)(7)

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Overview

What is Bal Harbour Yacht Club Inc?

Bal Harbour Yacht Club Inc, a nonprofit organization situated in Manalapan, Florida (specifically at 1735 Lands End Road, ZIP code 33462), is dedicated to serving its members by managing a private yacht club. The club offers boat slips, related services, and various club facilities, ensuring an enriching experience for its members. Their primary mission is to operate and manage this exclusive yacht club, which is situated in the beautiful coastal town of Bal Harbour, Florida. With a modest workforce of one dedicated individual, the club upholds the values of camaraderie and marine leisure within its membership.

Is Bal Harbour Yacht Club Inc legitimate?

Bal Harbour Yacht Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Bal Harbour 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:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $108,332

For more financial information, click here

What is the mission statement of Bal Harbour Yacht Club Inc?

The Bal Harbour Yacht Club Inc's primary objective is to manage and oversee the operation of an exclusive members-only yacht club. This club provides boat slips, related services, and club facilities for its members, ensuring a pleasant boating experience. The club's mission is not limited to managing operations but also includes maintaining a welcoming environment for its members, fostering a sense of community among them. The club may also organize events or activities to enhance the member experience, although specific details are not provided in the information.

Who is the CEO of Bal Harbour Yacht Club Inc?

Anthony Imbesi is the Dockmaster of Bal Harbour Yacht Club Inc.

What is the revenue of Bal Harbour Yacht Club Inc?

Bal Harbour Yacht Club Inc's revenue in 2022 was $3,106,133.

Who are the executives of Bal Harbour Yacht Club Inc and what are their salaries?

The average compensation at Bal Harbour Yacht Club Inc during 2022 was $108,332. There is 1 employee at Bal Harbour Yacht Club Inc.


Here are 7 key members and their salaries:


Martin L Destefano (Dockmaster)
  • Compensation: $108,332
  • Related: $0
  • Other: $0
Joseph Imbesi (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Orla Imbesi (Vice President, Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anthony Imbesi (Vice President, Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Amanda Doering (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sonia Gunter (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Noel Imbesi (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Bal Harbour Yacht Club Inc?

Bal Harbour Yacht Club Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Bal Harbour Yacht Club Inc

Bal Harbour Yacht Club Inc, a private members-only organization, is dedicated to managing and operating a yacht club. Its primary mission involves providing boat slips, related services, and club facilities for its members. The club operates with a focus on ensuring a seamless experience for its members, offering them a unique yachting environment.

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Impact




October, 2024

Bal Harbour Yacht Club Inc significantly enhances the local community by providing exclusive access to a private yacht club environment that caters to boating enthusiasts. By offering boat slips and related services, the club creates a hub for recreational boating, which fosters a sense of community among its members. It encourages social engagement through its facilities, allowing members to connect and build relationships in a shared environment rich with nautical culture.

The club's operations boost local tourism and economy by attracting boating enthusiasts from outside the region who seek high-quality maritime services. Additionally, the emphasis on recreation promotes a lifestyle of leisure and wellness, encouraging members to engage with nature and the waterways of Florida. With its focus on managing a premier yacht club experience, Bal Harbour Yacht Club Inc not only serves its members but also contributes to the overall vibrancy and appeal of the Manalapan area.




This information is meant to be a general summary of Bal Harbour 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.

Revenue
$3,106,133 (2022)
Expenses
$4,070,146 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $90
  • Program Service Revenue: $2,988,836
  • Gross Receipts: $3,106,133

Assets and Liabilities:

  • Total Assets: $1,382,135
  • Total Liabilities: $1,645,014
  • Net Assets: -$262,879

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Programs

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

SEASONAL DOCKAGE OF VESSELS

Revenue

$1,186,727

OTHER SERVICE REVENUE

Revenue

$1,802,109

Organization Details

Founding Year

2014

Principal Officer

Anthony Imbesi

Main Address

1735 Lands End Road, Manalapan, FL, 33462

NTEE Category

Code: N50 - Recreation

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