Overview
What is Grosse Pointe Yacht Club Foundation?
The Grosse Pointe Yacht Club Foundation is a nonprofit organization headquartered at 100 Maple Park STE 116, St. Clair Shores, MI 48081. Its primary mission is to raise funds for the maintenance, repair, restoration, and preservation of the historic Grosse Pointe Yacht Club clubhouse. The foundation manages and monitors investments of funds or other property received for such purposes, determines and authorizes the use of these funds or properties, and provides educational opportunities associated with promoting the historical significance of the clubhouse.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (73%)
The Grosse Pointe Yacht Club Foundation holds a two-star rating, indicating areas that need significant improvement despite strong performance in accountability and finance. The organization excels with a perfect score in areas such as independent board members and program expense ratio, showcasing effective financial management and a commitment to its mission.
However, the foundation is noted to have several key governance policies missing, including a conflict of interest policy, whistleblower policy, and document retention policy. The absence of these policies highlights potential weaknesses in transparency and accountability, which are crucial for nonprofit organizations to build trust and credibility with their stakeholders.
Additionally, the foundation's website is lacking essential information, such as their tax form, which is not posted as required. This could hinder public access to important financial details, which may contribute to the organization's overall lower rating. Addressing these governance issues could help improve their standing and enhance their operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Grosse Pointe Yacht Club Foundation legitimate?
Grosse Pointe Yacht Club Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Grosse Pointe 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Grosse Pointe Yacht Club Foundation?
The Grosse Pointe Yacht Club Foundation's mission is centered around raising funds for the maintenance, repair, restoration, and preservation of a historic yacht club clubhouse. They manage and monitor the investment of these funds and other properties received for such purposes. The foundation determines and authorizes the use of these funds or properties, and they provide educational opportunities to promote the historical significance of the clubhouse.
Who is the CEO of Grosse Pointe Yacht Club Foundation?
James T Mestdagh is the Secretary/Di of Grosse Pointe Yacht Club Foundation.
What is the revenue of Grosse Pointe Yacht Club Foundation?
Grosse Pointe Yacht Club Foundation's revenue in 2022 was $138,903.
Who are the executives of Grosse Pointe Yacht Club Foundation and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Grosse Pointe Yacht Club Foundation?
Grosse Pointe Yacht Club Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Grosse Pointe Yacht Club Foundation
The Grosse Pointe Yacht Club Foundation is dedicated to preserving the historic Grosse Pointe Yacht Club Clubhouse. Their mission involves raising funds for its maintenance, repair, restoration, and preservation. They manage and monitor investments received for these purposes, determining and authorizing the use of these funds or properties to ensure the clubhouse's upkeep. Additionally, the foundation provides educational opportunities that promote the historic significance of the clubhouse. By carrying out these activities, the Grosse Pointe Yacht Club Foundation contributes to the conservation and appreciation of this historic landmark.
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Impact
October, 2024
The Grosse Pointe Yacht Club Foundation plays a vital role in the maintenance, repair, restoration, and preservation of the historic Grosse Pointe Yacht Club clubhouse. By raising essential funds, the foundation ensures that this architectural landmark is well-cared for, maintaining its significance and beauty for future generations.
Additionally, the foundation is responsible for managing and monitoring the investment of the funds received, ensuring that resources are utilized effectively and efficiently. This careful oversight fosters a culture of transparency and accountability, allowing for informed decision-making regarding the clubhouse's upkeep.
Beyond preservation, the foundation also provides educational opportunities that promote an understanding of the historical importance of the yacht club. By engaging the community and raising awareness, it enriches public appreciation for this heritage site, contributing to the cultural fabric of St. Clair Shores, MI.
Through its efforts, the Grosse Pointe Yacht Club Foundation not only safeguards a significant historical asset but also educates and inspires the community about the rich maritime and architectural history embodied in the clubhouse.
This information is meant to be a general summary of Grosse Pointe 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: $138,903
Assets and Liabilities:
- Total Assets: $579,469
- Total Liabilities: $0
- Net Assets: $579,469
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Organization Details
Founding Year
2015
Phone
(586) 530-6095Principal Officer
James T Mestdagh
Main Address
100 MAPLE PARK STE 116, ST CLAIR SHORES, MI, 48081
NTEE Category
Code: A80 - Arts
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