Hances Point Yacht Club Inc

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

EIN: 520729569 ✦ North east, MD ✦ Designated as a 501(c)(7)

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Overview

What is Hances Point Yacht Club Inc?

Hances Point Yacht Club Inc, located at 39 Weaver Road, North East, Maryland, is a nonprofit organization dedicated to fostering the sport of yachting and enhancing the knowledge of seamanship and navigation. The club offers its boating members suitable facilities, including a clubhouse, anchorage, and piers. Beyond catering to boaters, it also provides recreational and social activities for all its members, regardless of their boating status. The club's mission is to create a vibrant community where members can engage in yachting activities and enjoy leisure time together.


Official website here: www.hancespointyachtclub.com

Is Hances Point Yacht Club Inc legitimate?

Hances Point Yacht Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Hances Point 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: $0

For more financial information, click here


Official website here: www.hancespointyachtclub.com

What is the mission statement of Hances Point Yacht Club Inc?

The Hances Point Yacht Club Inc is established with the mission to foster the sport of yachting and encourage the study of seamanship and navigation. The club provides a suitable clubhouse, anchorage, and piers for its boating members, catering to their needs. Additionally, it offers facilities for recreational and social activities, welcoming both boating and non-boating members to partake in these activities. The main objective is to promote an enjoyable and inclusive environment for all members.


Official website here: www.hancespointyachtclub.com

Who is the CEO of Hances Point Yacht Club Inc?

James Charles is the Director of Hances Point Yacht Club Inc.


Official website here: www.hancespointyachtclub.com

What is the revenue of Hances Point Yacht Club Inc?

Hances Point Yacht Club Inc's revenue in 2022 was $178,780.


Official website here: www.hancespointyachtclub.com

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


Here are 15 key members and their salaries:


Mike Anderson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alan Berdoulay (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Daniels (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cloey Devlin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jason Elliot (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rick Fellows (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Ferrier (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Roger Karmes (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Krall (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Charles (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gerry Cropp (Financial Se)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carrie Gordon (Vice Commodo)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Van Lenten (Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ralph Schopen (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lucas Wager (Rear Commodo)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.hancespointyachtclub.com

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

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


Official website here: www.hancespointyachtclub.com

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

Mission Statement of Hances Point Yacht Club Inc

Hances Point Yacht Club Inc is committed to fostering the sport of yachting and advancing the fields of seamanship and navigation. The club aims to serve its boating members by offering a suitable clubhouse, anchorage, and piers for their use. Additionally, Hances Point Yacht Club Inc provides facilities for recreation and social activities, catering to both boaters and non-boaters alike. The club's mission is to create an inclusive environment where members can enjoy their shared passion for yachting while also engaging in various leisure and social activities.

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Impact




October, 2024

Hances Point Yacht Club Inc plays a vital role in fostering the sport of yachting and enhancing community engagement through maritime activities. By promoting the sciences of seamanship and navigation, the club enhances the skills and knowledge of its members, encouraging safe and responsible boating practices.

The provision of a suitable clubhouse, anchorage, and piers creates a welcoming environment for boating members, facilitating a space where they can not only dock their vessels but also connect with fellow enthusiasts. Additionally, the club serves as a hub for recreation and social interaction, benefiting both boaters and non-boaters alike. This dual focus on maritime skills and community engagement enriches the local culture and encourages a broader appreciation for water-based activities.

Ultimately, the impact of Hances Point Yacht Club Inc extends beyond individual members to the wider community, fostering a love for boating and outdoor recreation while promoting safety and education within the sport.




This information is meant to be a general summary of Hances Point 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
$178,780 (2022)
Expenses
$135,717 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $527
  • Program Service Revenue: $178,004
  • Gross Receipts: $196,122

Assets and Liabilities:

  • Total Assets: $402,685
  • Total Liabilities: $28,311
  • Net Assets: $374,374

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Programs

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

MEMEBORS FEES INCOME

Revenue

$97,121

MEMBERSHIP DUES

Revenue

$80,883

Organization Details

Founding Year

1952

Principal Officer

James Charles

Main Address

39 WEAVER ROAD, NORTH EAST, MD, 21901

NTEE Category

Code: N50 - Recreation

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