Kent Island Yacht Club Inc

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

EIN: 520694346 ✦ Chester, MD ✦ Designated as a 501(c)(7)

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Overview

What is Kent Island Yacht Club Inc?

Kent Island Yacht Club Inc is a nonprofit organization that primarily focuses on boating activities and recreation. The club offers various pursuits related to boating, such as safety education, instruction, and inspections. Members of the club can enjoy these activities while also utilizing the club's on-site restaurant and bar. To foster a sense of community among its members and potential newcomers, the Kent Island Yacht Club conducts an annual regatta, which showcases watercraft recreation and safety. The club's mission revolves around promoting and enhancing the boating experience for its members.


Official website here: www.kiyc.org

Is Kent Island Yacht Club Inc legitimate?

Kent Island Yacht Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Kent 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: $191,819

For more financial information, click here


Official website here: www.kiyc.org

What is the mission statement of Kent Island Yacht Club Inc?

The Kent Island Yacht Club Inc serves as a boating and social/recreational club, providing activities related to boating safety, instruction, and inspections. Its primary mission involves fostering a community of boat enthusiasts through these pursuits. The club maintains a restaurant and bar for its members, offering an additional social space. To introduce members and prospective members to watercraft recreation and safety, the club organizes an annual regatta.


Official website here: www.kiyc.org

Who is the CEO of Kent Island Yacht Club Inc?

Jeff Smith is the Commodore of Kent Island Yacht Club Inc.


Official website here: www.kiyc.org

What is the revenue of Kent Island Yacht Club Inc?

Kent Island Yacht Club Inc's revenue in 2022 was $698,161.


Official website here: www.kiyc.org

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

The average compensation at Kent Island Yacht Club Inc during 2022 was $5,184. There are 37 employees and 125 volunteers at Kent Island Yacht Club Inc.


Here are 10 key members and their salaries:


Jeff Smith (Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Luke Phipps (Vice Commodo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Herry Binnendijk (Rear Commodo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa David (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Julie Osini (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ivan Humberson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Reilly (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Maureen Burbach (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matt Roskam (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Georgetti (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.kiyc.org

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

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


Official website here: www.kiyc.org

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

Mission Statement of Kent Island Yacht Club Inc

Kent Island Yacht Club Inc serves as a boating and social recreation club, focusing on related pursuits such as boating safety, instruction, and inspections. This organization's mission is to provide a platform for its members to engage in various watercraft activities, ensuring safety and enjoyment. The club is equipped with a restaurant and bar, offering a social space for its members to unwind and connect. One of the notable annual events hosted by Kent Island Yacht Club Inc is the regatta, which aims to familiarize members and prospective members with watercraft recreation and safety. This event serves as an excellent opportunity for the club to foster a sense of camaraderie among its members, while also promoting water safety awareness.

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Impact




October, 2024

Kent Island Yacht Club Inc significantly enhances the boating and social experience for its members and the local community. Located in Chester, MD, it fosters a vibrant environment centered around boating and recreational activities. The club provides essential boating safety education and instruction, ensuring that members engage in watercraft recreation responsibly.

Through its annual regatta, the club not only promotes sailing skills and safety awareness but also strengthens community bonds by encouraging both existing and prospective members to participate. The clubhouse, featuring a restaurant and bar, serves as a gathering place where members can enjoy social events, share experiences, and build lasting relationships, thus enriching the recreational landscape of the area. Overall, Kent Island Yacht Club Inc plays a vital role in promoting water safety, fostering camaraderie, and enhancing the recreational boating culture in the region.




This information is meant to be a general summary of Kent 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.

Revenue
$698,161 (2022)
Expenses
$564,390 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $143
  • Program Service Revenue: $84,588
  • Gross Receipts: $1,040,760

Assets and Liabilities:

  • Total Assets: $396,052
  • Total Liabilities: $46,464
  • Net Assets: $349,588

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Programs

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

ROSTER, BURGEE, CARD, DOCKS

Revenue

$73,293

AUXILIARY

Revenue

$11,295

Organization Details

Founding Year

1956

Principal Officer

Jeff Smith

Main Address

PO BOX 135, CHESTER, MD, 21619

NTEE Category

Code: N50 - Recreation

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