Overview
What is Ocean Gate Yacht Club Inc?
Ocean Gate Yacht Club Inc, located in Ocean Gate, New Jersey, serves as a social club primarily for yachting enthusiasts. With a mission to promote yachting and rowing as athletic sports on the water, they also strive to enhance the interest and well-being of the Ocean Gate community. Their facility offers a clubhouse for members' enjoyment, and they extend their services beyond sailing lessons for children, providing a platform for fostering athletic sports on the water. The organization, with a staff of 15 individuals, is dedicated to this cause.
Official website here: www.oceangateyc.com
Is Ocean Gate Yacht Club Inc legitimate?
Ocean Gate Yacht Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Ocean Gate 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: $70,566
For more financial information, click here
Official website here: www.oceangateyc.com
What is the mission statement of Ocean Gate Yacht Club Inc?
The Ocean Gate Yacht Club Inc's mission is centered around promoting yachting and rowing as athletic sports on the water. Additionally, it strives to foster the interest and well-being of its associated community. As a social club, it offers mutual enjoyment and representation for its members, providing clubhouse facilities. Furthermore, the club shows commitment to the community by sponsoring sailing and swimming lessons for children.
Official website here: www.oceangateyc.com
What is the revenue of Ocean Gate Yacht Club Inc?
Ocean Gate Yacht Club Inc's revenue in 2024 was $263,342.
Official website here: www.oceangateyc.com
Who are the executives of Ocean Gate Yacht Club Inc and what are their salaries?
The average compensation at Ocean Gate Yacht Club Inc during 2024 was $5,880. There are 12 employees at Ocean Gate Yacht Club Inc.
Here are 11 key members and their salaries:
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Official website here: www.oceangateyc.com
Where can I find the form 990 for Ocean Gate Yacht Club Inc?
Ocean Gate Yacht Club Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.oceangateyc.com
Learn more at the official website: www.oceangateyc.com
Mission Statement of Ocean Gate Yacht Club Inc
Ocean Gate Yacht Club Inc is dedicated to promoting both yachting and rowing as athletic sports on the water. Their mission extends beyond this, as they also strive to enhance the interest and welfare of their surrounding community. As a social club, they provide a welcoming environment for their members, offering clubhouse facilities for mutual enjoyment and representation of yachting. Furthermore, Ocean Gate Yacht Club Inc takes an active role in nurturing the next generation of water enthusiasts by sponsoring sailing and swimming lessons for children.
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Impact
October, 2024
Ocean Gate Yacht Club Inc significantly enhances the Ocean Gate community by promoting yachting, rowing, and athletic sports on the water. Through various initiatives, the club fosters a passion for recreational activities while encouraging camaraderie among its members. It provides clubhouse facilities that serve as a social hub, enhancing community connections and interaction.
The organization plays a vital role in nurturing the next generation by sponsoring sailing and swimming lessons for children, which not only cultivates essential life skills but also instills an appreciation for water sports from an early age. By championing these activities, Ocean Gate Yacht Club Inc contributes to the overall well-being and quality of life in the area, emphasizing the importance of outdoor sports and community engagement.
This information is meant to be a general summary of Ocean Gate 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 2024.
- Investment Income: $687
- Program Service Revenue: $249,733
- Gross Receipts: $263,342
Assets and Liabilities:
- Total Assets: $403,471
- Total Liabilities: $0
- Net Assets: $403,471
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SAILING/SWIMMING RENTALS
Revenue
$60,454
MEMBERSHIP DUES
Revenue
$68,965
BOAT SLIP RENTALS
Revenue
$28,322
SOCIAL PROGRAM
Revenue
$28,694
JUNIORS
Revenue
$3,622
Organization Details
Founding Year
1909
Principal Officer
Stephen Sharpe
Website
www.oceangateyc.comNTEE Category
Code: N50 - Recreation
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