Overview
What is The Annapolis Yacht Club Inc?
The Annapolis Yacht Club Inc, situated in Annapolis, Maryland, serves as a not-for-profit organization that caters to its members' social and recreational needs. Its primary focus lies in promoting and fostering various boating activities. The club maintains a suitable clubhouse and associated facilities, providing members with ample opportunities for recreation and social interaction. Apart from yachting, the club also offers dining facilities, ensuring its members enjoy a well-rounded experience. With a dedicated workforce of 377 individuals, The Annapolis Yacht Club Inc continues to uphold its mission of encouraging and supporting a diverse range of boating activities.
Official website here: www.annapolisyc.com
Is The Annapolis Yacht Club Inc legitimate?
The Annapolis Yacht Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. The Annapolis 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: $1,066,406
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,156,019
For more financial information, click here
Official website here: www.annapolisyc.com
What is the mission statement of The Annapolis Yacht Club Inc?
The Annapolis Yacht Club Inc's mission is centered around encouraging and supporting a variety of boating activities. Their primary goal is to provide and maintain a suitable clubhouse and associated facilities for the recreational and social use of its members. The club offers a range of social and recreational activities, including yachting and dining facilities, aimed at fostering a enjoyable and engaging environment for its members.
Official website here: www.annapolisyc.com
What is the revenue of The Annapolis Yacht Club Inc?
The Annapolis Yacht Club Inc's revenue in 2023 was $11,731,726.
Official website here: www.annapolisyc.com
Who are the executives of The Annapolis Yacht Club Inc and what are their salaries?
The average compensation at The Annapolis Yacht Club Inc during 2023 was $10,998. There are 293 employees and 300 volunteers at The Annapolis Yacht Club Inc.
Here are 14 key members and their salaries:
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- Other: $18,626
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- Other: $16,626
- Compensation: $179,939
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- Other: $10,921
- Compensation: $192,424
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- Other: $2,168
Official website here: www.annapolisyc.com
Where can I find the form 990 for The Annapolis Yacht Club Inc?
The Annapolis Yacht Club Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.annapolisyc.com
Learn more at the official website: www.annapolisyc.com
Mission Statement of The Annapolis Yacht Club Inc
The Annapolis Yacht Club Inc, in its mission, strives to promote and foster a variety of boating activities among its members. To achieve this, the club endeavors to offer a suitable clubhouse and associated facilities, catering to the recreational and social needs of its members. The club's mission is centered around encouraging and supporting a diverse range of boating activities, thereby providing a vibrant and engaging environment for its members. This encompasses not only the actual boating activities but also dining facilities, contributing to a well-rounded social experience for its members.
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Impact
October, 2024
The Annapolis Yacht Club Inc fosters a vibrant community by facilitating social and recreational activities centered around yachting and dining. Located in the picturesque city of Annapolis, Maryland, it plays a pivotal role in enhancing the boating culture in the region. Members benefit from a range of organized boating activities that promote skill development and teamwork, while the clubhouse and associated facilities serve as a hub for social interaction and camaraderie.
The club’s mission to encourage and support diverse boating experiences not only strengthens the bonds among its members but also enriches the local maritime community. By maintaining quality facilities and providing opportunities for social engagement, The Annapolis Yacht Club Inc contributes significantly to the recreational landscape, ultimately elevating the overall quality of life in the area.
This information is meant to be a general summary of The Annapolis 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $704,070
- Program Service Revenue: $10,472,443
- Gross Receipts: $19,737,581
Assets and Liabilities:
- Total Assets: $63,087,004
- Total Liabilities: $27,784,930
- Net Assets: $35,302,074
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$4,107,154
DESIGNATED DUES & CAPITAL ASSESSM
Revenue
$2,576,552
JUNIOR FLEET
Revenue
$1,273,546
INITIATION FEES
Revenue
$865,214
BOATYARD/SLIP RENTAL
Revenue
$654,757
Organization Details
Founding Year
1937
Principal Officer
Edward Hartman
Website
www.annapolisyc.comNTEE Category
Code: N50 - Recreation
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