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Cambridge Yacht Club Inc

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

EIN: 520543046 ✦ Cambridge, MD ✦ Designated as a 501(c)(7)

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Overview

What is Cambridge Yacht Club Inc?

Cambridge Yacht Club Inc is a social organization situated in Cambridge, Maryland, with a focus on marine activities. As a nonprofit, they place significant emphasis on sail training and racing, offering a platform for members to engage in these water-based pursuits. Their facilities include dining and bar areas, providing ample opportunities for relaxation and socializing. Additionally, the club offers various recreational activities, ensuring a well-rounded experience for its members. With around 60 employees, Cambridge Yacht Club Inc fosters a vibrant community centered around marine activities and leisurely enjoyment.


Official website here: www.cambridgeyachtclub.com

What do the Facebook reviews say about Cambridge Yacht Club Inc?

80% of 283 reviewers on Facebook recommend Cambridge Yacht Club Inc. Here is a summary of their reviews: Many visitors appreciate the welcoming atmosphere and friendly community, noting their enjoyable experiences during weekends spent at the club.

The facilities receive high praise for being well-maintained and clean, adding to the overall positive impression. This suggests that visitors find the venue conducive for relaxation and activities, contributing to their willingness to return.

Overall, the strong recommendation rate indicates that the club makes a significant impression on its visitors, fostering a sense of belonging and satisfaction with the amenities offered.


This AI summary has been generated from reviews found on Facebook.

Is Cambridge Yacht Club Inc legitimate?

Cambridge Yacht Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Cambridge 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: $257,412

For more financial information, click here


Official website here: www.cambridgeyachtclub.com

What is the mission statement of Cambridge Yacht Club Inc?

The Cambridge Yacht Club Inc is primarily a social club, with a significant focus on marine activities. Its main objectives include providing sail training and racing opportunities, as well as offering dining and bar facilities and various other recreational activities. The club aims to foster a community that enjoys these marine-related pursuits, providing a space for its members to unwind and engage in shared interests.


Official website here: www.cambridgeyachtclub.com

Who is the CEO of Cambridge Yacht Club Inc?

Trevor Carouge is the Commodore of Cambridge Yacht Club Inc.


Official website here: www.cambridgeyachtclub.com

What is the revenue of Cambridge Yacht Club Inc?

Cambridge Yacht Club Inc's revenue in 2022 was $795,229.


Official website here: www.cambridgeyachtclub.com

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

The average compensation at Cambridge Yacht Club Inc during 2022 was $4,290. There are 60 employees and 50 volunteers at Cambridge Yacht Club Inc.


Here are 12 key members and their salaries:


Trevor Carouge (Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Graham Ward (Vice Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Donegan Iii (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Kranz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rege Butler (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Hannan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jo Chapman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jackie Whisman (Rear Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Diaz (Fleet Captain)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rev Susan Leight (Fleet Chaplain)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Clyde (Immediate Past Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Young (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.cambridgeyachtclub.com

Where can I find the form 990 for Cambridge Yacht Club Inc?

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


Official website here: www.cambridgeyachtclub.com

Learn more at the official website: www.cambridgeyachtclub.com

Mission Statement of Cambridge Yacht Club Inc

Cambridge Yacht Club Inc, as a social club, holds a significant focus on marine activities. Its mission is centered around sail training and racing, providing members with ample opportunities to hone their skills on the water. Alongside these water-based activities, the club also offers dining and bar facilities, catering to the social needs of its members. Furthermore, the club offers various recreational activities, ensuring a well-rounded experience for its members. In summary, Cambridge Yacht Club Inc is a social hub that emphasizes marine activities, providing a platform for sail training and racing, as well as dining and recreational opportunities, creating a welcoming environment for its members.

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Impact




October, 2024

Cambridge Yacht Club Inc significantly enriches the community by fostering a vibrant social atmosphere centered around marine activities. With a focus on sail training and racing, it promotes skill development and encourages teamwork, all while engaging members in the thrill of sailing. The club’s dining and bar facilities serve as gathering spaces, enhancing social interaction among members and fostering a sense of camaraderie.

In addition to recreational activities, the club contributes to local culture by organizing events that draw both members and visitors, promoting tourism and local business. Through its commitment to sailing education, the club also plays a vital role in nurturing future generations of sailors, instilling a love for the water and a sense of environmental stewardship. Overall, Cambridge Yacht Club Inc bolsters community connections while providing diverse recreational opportunities that uphold the maritime heritage of Cambridge, MD.




This information is meant to be a general summary of Cambridge 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
$795,229 (2022)
Expenses
$715,481 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1,614
  • Program Service Revenue: $232,888
  • Gross Receipts: $956,558

Assets and Liabilities:

  • Total Assets: $1,905,974
  • Total Liabilities: $1,107,771
  • Net Assets: $798,203

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Programs

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

SLIP RENTALS

Revenue

$187,894

SAILING REVENUE

Revenue

$45,008

CLUB FUNCTIONS

Revenue

-$14

Organization Details

Founding Year

1911

Principal Officer

Trevor Carouge

Main Address

P O BOX 287, CAMBRIDGE, MD, 21613

NTEE Category

Code: N50 - Recreation

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