Overview
What is Capital Yacht Club Inc?
Capital Yacht Club Inc, situated in Washington D.C., serves as a recreational haven for approximately 200 members, their dependents, and guests. The club's primary function is to provide yacht basin dockage, along with various other club services. Its main objective, as stated in their mission, is to cater to the leisure and enjoyment of its members. The club employs a small team of five individuals, dedicated to maintaining the club's operations and ensuring the satisfaction of its members.
Official website here: www.capitalyachtclub.com
Is Capital Yacht Club Inc legitimate?
Capital Yacht Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Capital 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: $271,940
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Official website here: www.capitalyachtclub.com
What is the mission statement of Capital Yacht Club Inc?
Capital Yacht Club Inc's mission is centered around providing enjoyment and relaxation for its members. Specifically, the club aims to cater to the pleasure and recreation needs of around 200 members, their dependents, and guests. This is accomplished through the provision of yacht basin dockage and various club services. The club's primary objective is to create an environment that encourages leisure and relaxation among its members.
Official website here: www.capitalyachtclub.com
What is the revenue of Capital Yacht Club Inc?
Capital Yacht Club Inc's revenue in 2023 was $2,496,663.
Official website here: www.capitalyachtclub.com
Who are the executives of Capital Yacht Club Inc and what are their salaries?
The average compensation at Capital Yacht Club Inc during 2023 was $20,918. There are 13 employees at Capital Yacht Club Inc.
Here are 10 key members and their salaries:
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Official website here: www.capitalyachtclub.com
Where can I find the form 990 for Capital Yacht Club Inc?
Capital Yacht Club Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.capitalyachtclub.com
Learn more at the official website: www.capitalyachtclub.com
Mission Statement of Capital Yacht Club Inc
Capital Yacht Club Inc, as its mission statement suggests, is primarily dedicated to enhancing the leisure and entertainment of its members. The club provides a conducive environment for its approximately 200 members, their dependents, and guests, focusing on yacht basin dockage and other related club services. This mission is geared towards offering its members a pleasurable and recreational experience, thereby fostering a sense of community and camaraderie.
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Impact
October, 2024
Capital Yacht Club Inc significantly enhances the quality of life for its approximately 200 members, their dependents, and guests by facilitating recreational activities and fostering a sense of community. With access to yacht basin dockage and a variety of club services, members can engage in leisure activities that promote both enjoyment and camaraderie. The club serves as a hub for social interaction, offering opportunities for members to bond over shared interests in sailing and boating. Additionally, the club contributes to the local economy by attracting visitors who participate in its recreational offerings, further enriching the vibrant community of Washington, DC.
This information is meant to be a general summary of Capital 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 2023.
- Investment Income: $8,872
- Program Service Revenue: $2,439,529
- Gross Receipts: $2,496,663
Assets and Liabilities:
- Total Assets: $3,489,753
- Total Liabilities: $108,009
- Net Assets: $3,381,744
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BAR REVENUE
Revenue
$398,070
DOCK REVENUE
Revenue
$1,239,832
INITIATION FEE REVENUE
Revenue
$191,405
LEASE
Revenue
$144,000
Membership Dues & Assessments
Revenue
$442,610
Organization Details
Founding Year
1892
Principal Officer
Melanie Locke
Website
www.capitalyachtclub.comNTEE Category
Code: N03 - Recreation
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