Overview
What is Solomons Island Yacht Club Inc?
The Solomons Island Yacht Club Inc, located in Solomons, Maryland, serves as a hub for recreation, pleasure, and social interaction among its members. This nonprofit organization, dedicated to fostering camaraderie and fellowship, provides a welcoming environment for its members to unwind and engage in shared activities.
Is Solomons Island Yacht Club Inc legitimate?
Solomons Island Yacht Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Solomons Island 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: $116,967
For more financial information, click here
What is the mission statement of Solomons Island Yacht Club Inc?
The Solomons Island Yacht Club Inc serves to foster a sense of camaraderie and fellowship among its members. Operating as a recreational, pleasure, and social club, the organization encourages a sense of community among its members. Located in an unspecified location, the club provides a platform for its members to engage in leisure activities and social interaction.
Who is the CEO of Solomons Island Yacht Club Inc?
Timothy Wakeman is the Treasurer of Solomons Island Yacht Club Inc.
What is the revenue of Solomons Island Yacht Club Inc?
Solomons Island Yacht Club Inc's revenue in 2022 was $342,445.
Who are the executives of Solomons Island Yacht Club Inc and what are their salaries?
The average compensation at Solomons Island Yacht Club Inc during 2022 was $6,156. There are 19 employees and 40 volunteers at Solomons Island Yacht Club Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- 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 Solomons Island Yacht Club Inc?
Solomons Island Yacht Club Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Solomons Island Yacht Club Inc
Solomons Island Yacht Club Inc, as a recreational, pleasure, and social club, is dedicated to promoting camaraderie and fellowship among its members. This nonprofit organization, situated in an undisclosed location, serves as a hub for its members to connect and engage in shared activities. The mission of Solomons Island Yacht Club Inc is to foster a sense of unity and community among its members, providing them with a platform for leisure and social interaction.
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Impact
October, 2024
Solomons Island Yacht Club Inc plays a significant role in fostering community and social connections among its members. Located in Solomons, MD, the club serves as a hub for recreational and social activities, promoting camaraderie and fellowship among those who share a passion for boating and the waterfront lifestyle. By providing a welcoming environment for members to gather, share experiences, and engage in leisure activities, the yacht club enhances the quality of life in the community. The focus on recreation not only strengthens personal relationships but also encourages a vibrant culture of cooperation and support among local boaters and their families. Through its activities and events, the club contributes to the overall enjoyment and connectivity of the Solomons community.
This information is meant to be a general summary of Solomons Island 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 2022.
- Investment Income: $353
- Program Service Revenue: $50,264
- Gross Receipts: $517,226
Assets and Liabilities:
- Total Assets: $1,901,475
- Total Liabilities: $601,778
- Net Assets: $1,299,697
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Slip Rentals
Revenue
$22,260
Yearbook Advertising
Revenue
$10,910
Member Facility Use Fees
Revenue
$16,119
Miscellaneous Income
Revenue
$975
Organization Details
Founding Year
1937
Phone
(410) 326-3718Principal Officer
Timothy Wakeman
Main Address
PO Box 206, Solomons, MD, 20688
NTEE Category
Code: N03 - Recreation
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