Eastport Yacht Club Limited

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

EIN: 521198273 ✦ Annapolis, MD ✦ Designated as a 501(c)(7)

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Overview

What is Eastport Yacht Club Limited?

Eastport Yacht Club Limited, a nonprofit organization, is dedicated to fostering and sustaining enthusiasm for various watercrafts. They achieve this mission by actively promoting sailing and organizing sailing events. Their primary goal is to enhance the sailing experience for individuals, fostering enjoyment and appreciation for this aquatic activity. By sponsoring events and nurturing interest in watercrafts, Eastport Yacht Club Limited contributes to the sailing community, encouraging participation and enjoyment of this water-based pastime.

Is Eastport Yacht Club Limited legitimate?

Eastport Yacht Club Limited is a legitimate nonprofit organization registered as a 501(c)(7) entity. Eastport Yacht Club Limited 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: $112,602
Professional Fundraising Fees: $0
Other Salaries and Wages: $208,076

For more financial information, click here

What is the mission statement of Eastport Yacht Club Limited?

Eastport Yacht Club Limited works towards promoting and fostering an interest in various types of watercrafts. They achieve this by organizing sailing events and enhancing the pleasure derived from sailing. The club's primary objective is to sustain the joy of sailing among its community. By doing so, they aim to encourage more individuals to engage in this activity.

Who is the CEO of Eastport Yacht Club Limited?

Lee Maynard is the Commodore of Eastport Yacht Club Limited.

What is the revenue of Eastport Yacht Club Limited?

Eastport Yacht Club Limited's revenue in 2022 was $2,693,086.

Who are the executives of Eastport Yacht Club Limited and what are their salaries?

The average compensation at Eastport Yacht Club Limited during 2022 was $3,686. There are 87 employees and 50 volunteers at Eastport Yacht Club Limited.


Here are 8 key members and their salaries:


Mark Jones (Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lee Maynard (Vice Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shawn James (Rear Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Val Pendrick (Fleet Capitan)
  • Compensation: $0
  • Related: $0
  • Other: $0
Micheal Wood (Keeper Of The Log)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephanie Sams (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Liz Filter (Past Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dan Mcquay (Club Manager)
  • Compensation: $105,860
  • Related: $0
  • Other: $6,742
Where can I find the form 990 for Eastport Yacht Club Limited?

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

Mission Statement of Eastport Yacht Club Limited

Eastport Yacht Club Limited, as a nonprofit organization, is dedicated to fostering and stimulating passion for sailing. By pursuing this mission, the club aims to cultivate interest in various watercrafts and encourages their usage. Eastport Yacht Club Limited achieves this goal by sponsoring sailing events and enhancing the overall enjoyment of this water-based activity. This commitment to sailing extends beyond just organizing events; the club also focuses on sustaining the interest in watercrafts, thereby contributing to the wider sailing community.

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Impact




October, 2024

Eastport Yacht Club Limited significantly impacts the local community and the broader sailing community by fostering a culture of sailing and watercraft enjoyment. Located in Annapolis, MD, the club plays a crucial role in developing interest in various types of watercraft through sponsorship of events and activities that engage both seasoned sailors and newcomers alike.

By organizing sailing events, Eastport Yacht Club Limited not only enhances the recreational opportunities available in the area but also strengthens community ties and promotes teamwork and sportsmanship among participants. Its efforts contribute to the preservation of maritime traditions and the promotion of water-based recreation, encouraging individuals and families to connect with the water and each other.

Overall, the club’s initiatives enhance local tourism and support businesses related to water activities, fostering a vibrant environment centered around sailing and boating. Through its commitment to promoting and encouraging sailing, Eastport Yacht Club Limited helps cultivate a deep appreciation for maritime experiences in Annapolis and beyond.




This information is meant to be a general summary of Eastport Yacht Club Limited. 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
$2,693,086 (2022)
Expenses
$1,778,146 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $17,242
  • Program Service Revenue: $717,522
  • Gross Receipts: $3,978,075

Assets and Liabilities:

  • Total Assets: $9,804,715
  • Total Liabilities: $4,314,378
  • Net Assets: $5,490,337

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Programs

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

BANQUETS

Revenue

$254,738

MARINA

Revenue

$230,100

REGATTA

Revenue

$215,166

HOUSE EVENTS

Revenue

$17,518

Organization Details

Founding Year

1980

Principal Officer

Lee Maynard

Main Address

PO BOX 3205, ANNAPOLIS, MD, 21403

NTEE Category

Code: N50 - Recreation

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