Old Greenwich Yacht Club

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

EIN: 510148202 ✦ Old greenwich, CT ✦ Designated as a 501(c)(7)

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Overview

What is Old Greenwich Yacht Club?

The Old Greenwich Yacht Club, located in Old Greenwich, Connecticut, is a nonprofit organization established with the objective of offering sailing, boating, and social activities to its members and guests. Their activities encompass sailing and racing programs, ensuring boat safety, and providing launch services. With a workforce of eight individuals, the club's mission is to create a stimulating environment that fosters camaraderie and shared enthusiasm for water-based activities. The Old Greenwich Yacht Club serves as a hub for its members to engage in enjoyable and rewarding experiences on the water.


Official website here: www.ogyc.org

Is Old Greenwich Yacht Club legitimate?

Old Greenwich Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Old Greenwich 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: $107,801

For more financial information, click here


Official website here: www.ogyc.org

What is the mission statement of Old Greenwich Yacht Club?

The Old Greenwich Yacht Club was established with the purpose of offering sailing, boating, and social activities for the benefit of its members and guests. This includes organizing sailing and racing programs, ensuring boat safety, and providing launch services. The club's mission is centered around providing a platform for its members and guests to engage in boating activities while ensuring their safety.


Official website here: www.ogyc.org

Who is the CEO of Old Greenwich Yacht Club?

Michael Naylor is the Commodore of Old Greenwich Yacht Club.


Official website here: www.ogyc.org

What is the revenue of Old Greenwich Yacht Club?

Old Greenwich Yacht Club's revenue in 2022 was $315,089.


Official website here: www.ogyc.org

Who are the executives of Old Greenwich Yacht Club and what are their salaries?

The average compensation at Old Greenwich Yacht Club during 2022 was $13,475. There are 8 employees and 110 volunteers at Old Greenwich Yacht Club.


Here are 11 key members and their salaries:


Ned Bancroft (Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nick Korzendorfer (Fleet Captain)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa Chardain (Water Programs Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Weil (Racing Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Taylor (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lou Casolo (Sailing & Education Direct)
  • Compensation: $0
  • Related: $0
  • Other: $0
Trish Hussey (Rear Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Susan Ryan (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Sullivan (Membership Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Frank Salamone (Vice Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kim Crocco (Communications Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.ogyc.org

Where can I find the form 990 for Old Greenwich Yacht Club?

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


Official website here: www.ogyc.org

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

Mission Statement of Old Greenwich Yacht Club

The Old Greenwich Yacht Club was established with the primary objective of offering sailing, boating, and social activities for the benefit of its members and guests. This esteemed organization provides a variety of programs, including sailing and racing events, to cater to the interests of its members and guests. Furthermore, the Old Greenwich Yacht Club offers boat safety and launch services, ensuring a secure and enjoyable boating experience for all. By providing these activities and services, the club aims to foster a sense of community and camaraderie among its members and guests.

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Impact




October, 2024

Old Greenwich Yacht Club plays a vital role in enhancing the community's sailing and boating culture while providing a vibrant social hub for its members and guests. By offering a range of sailing and racing programs, the club fosters a spirit of competition and camaraderie among local sailing enthusiasts.

Moreover, the club prioritizes boat safety, ensuring that its members are well-equipped and knowledgeable about safe boating practices. The availability of launch services further facilitates access to the water, making it easier for members to enjoy their time on the boats.

In addition to its recreational activities, the club contributes to the social fabric of Old Greenwich by hosting events that bring people together, creating lasting friendships and a sense of belonging. This blend of competitive sailing, safety education, and social engagement positions Old Greenwich Yacht Club as an essential part of the local community, enriching the lives of its members while promoting a love for boating and the outdoors.




This information is meant to be a general summary of Old Greenwich 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
$315,089 (2022)
Expenses
$275,837 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $116
  • Program Service Revenue: $313,248
  • Gross Receipts: $315,089

Assets and Liabilities:

  • Total Assets: $234,043
  • Total Liabilities: $1,753
  • Net Assets: $232,290

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Programs

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

DUES

Revenue

$220,048

INITIATION FEES

Revenue

$93,200

Organization Details

Founding Year

1943

Principal Officer

Michael Naylor

Main Address

PO BOX 162, OLD GREENWICH, CT, 06870

NTEE Category

Code: N50 - Recreation

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