Overview
What is Miles River Yacht Club Inc?
Miles River Yacht Club Inc, located in St. Michaels, Maryland, is a nonprofit organization primarily dedicated to promoting traditional Eastern Shore recreational activities on the water. This esteemed club offers various water-related activities and maintains facilities for its members. The primary source of income for the organization comes from the revenue generated through these activities, which are all tax-exempt. With a staff of 111 individuals, Miles River Yacht Club Inc continues to foster a sense of community and enjoyment of the water among its members.
Official website here: www.milesriveryc.org
Is Miles River Yacht Club Inc legitimate?
Miles River Yacht Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Miles River 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: $648,966
For more financial information, click here
Official website here: www.milesriveryc.org
What is the mission statement of Miles River Yacht Club Inc?
The Miles River Yacht Club Inc, as a yacht club, is dedicated to fostering traditional Eastern Shore recreational activities on the water. Its primary purpose is to encourage these water-based activities among its members. To achieve this, the club provides various facilities and organizes activities surrounding the water. The club's revenue, generated through program and service activities, is linked to its tax-exempt activities. In essence, the Miles River Yacht Club Inc aims to promote and support traditional Eastern Shore water recreation, offering its members a platform for these activities.
Official website here: www.milesriveryc.org
What is the revenue of Miles River Yacht Club Inc?
Miles River Yacht Club Inc's revenue in 2024 was $1,779,817.
Official website here: www.milesriveryc.org
Who are the executives of Miles River Yacht Club Inc and what are their salaries?
The average compensation at Miles River Yacht Club Inc during 2024 was $6,831. There are 95 employees and 59 volunteers at Miles River Yacht Club Inc.
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Official website here: www.milesriveryc.org
Where can I find the form 990 for Miles River Yacht Club Inc?
Miles River Yacht Club Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.milesriveryc.org
Learn more at the official website: www.milesriveryc.org
Mission Statement of Miles River Yacht Club Inc
Miles River Yacht Club Inc, as a nonprofit organization, is committed to fostering and promoting traditional Eastern Shore recreational activities revolving around water. The primary purpose of this club is to encourage its members to engage in such water-based activities. By offering a variety of facilities and programs, Miles River Yacht Club Inc collects revenue to support these tax-exempt activities. The club's mission is to create an environment that encourages its members to enjoy the eastern shore's unique water-based activities.
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Impact
October, 2024
Miles River Yacht Club Inc enhances the community by promoting traditional Eastern Shore activities centered around water recreation. Through its facilities and programs, the club fosters a sense of camaraderie and connection among its members, encouraging participation in sailing, boating, and social events that celebrate the local maritime heritage. By maintaining high-quality waterfront facilities and offering various recreational activities, it not only enriches its members' lives but also contributes to the cultural fabric of St. Michaels, MD. The club's commitment to preserving the area's recreational traditions ensures that these activities remain accessible and vibrant, benefiting both the members and the broader community.
This information is meant to be a general summary of Miles River 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 2024.
- Investment Income: $25,197
- Program Service Revenue: $286,093
- Gross Receipts: $3,411,940
Assets and Liabilities:
- Total Assets: $2,887,153
- Total Liabilities: $2,033,877
- Net Assets: $853,276
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ASSOCIATIONS
Revenue
$217,706
ENTERTAINMENT/SPEC EVEN
Revenue
$29,224
POOL
Revenue
$28,905
SAIL COMMITTEE
Revenue
$10,258
Organization Details
Founding Year
1920
Principal Officer
John Hines
Website
www.milesriveryc.orgNTEE Category
Code: N50 - Recreation
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