Norfolk Yacht And Country Club

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

EIN: 540321610 ✦ Norfolk, VA ✦ Designated as a 501(c)(7)

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Overview

What is Norfolk Yacht And Country Club?

The Norfolk Yacht and Country Club is a nonprofit organization, situated at 7001 Hampton Boulevard, Norfolk, Virginia 23505. Serving as an exempt social club, it offers country club facilities to its members. The club's primary mission is to provide a welcoming environment for its members, offering various amenities and opportunities for social interaction. With a workforce of 301 individuals, the Norfolk Yacht and Country Club fosters a sense of community and leisure among its members, promoting a balanced lifestyle.


Official website here: www.norfolkyacht.com

Is Norfolk Yacht And Country Club legitimate?

Norfolk Yacht And Country Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Norfolk Yacht And Country Club 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: $298,343
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,792,749

For more financial information, click here


Official website here: www.norfolkyacht.com

What is the mission statement of Norfolk Yacht And Country Club?

The Norfolk Yacht and Country Club serves as an exempt social club, offering its members various country club facilities. Its mission, in essence, is to cater to its members by providing these amenities. The club does not specify any particular objectives or causes beyond the provision of its facilities, suggesting its primary focus is on providing a social environment for its members.


Official website here: www.norfolkyacht.com

Who is the CEO of Norfolk Yacht And Country Club?

David Chase is the General Manager of Norfolk Yacht And Country Club.


Official website here: www.norfolkyacht.com

What is the revenue of Norfolk Yacht And Country Club?

Norfolk Yacht And Country Club's revenue in 2022 was $9,083,829.


Official website here: www.norfolkyacht.com

Who are the executives of Norfolk Yacht And Country Club and what are their salaries?

The average compensation at Norfolk Yacht And Country Club during 2022 was $13,592. There are 301 employees and 8 volunteers at Norfolk Yacht And Country Club.


Here are 16 key members and their salaries:


Kenneth Underwood (General Manager)
  • Compensation: $266,334
  • Related: $0
  • Other: $32,009
Jason A Mueller (Tennis Pro)
  • Compensation: $126,800
  • Related: $0
  • Other: $0
James M Riddle (Facility Manager)
  • Compensation: $113,324
  • Related: $0
  • Other: $13,162
John Murray (President)
  • Compensation: $4,320
  • Related: $0
  • Other: $0
Marianne Scott (Vice President)
  • Compensation: $4,320
  • Related: $0
  • Other: $0
Douglas B Wilson (Secretary)
  • Compensation: $4,320
  • Related: $0
  • Other: $0
Peter D Squicciarini (Commodore)
  • Compensation: $4,320
  • Related: $0
  • Other: $0
David Chase (Treasurer)
  • Compensation: $4,320
  • Related: $0
  • Other: $0
J Patrick Baker (Past President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Susan Blake (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Courtney Challoner (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ed Estes (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Lockhart (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mollie Mccune (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ben Schill (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sarah Weinberg (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.norfolkyacht.com

Where can I find the form 990 for Norfolk Yacht And Country Club?

Norfolk Yacht And Country Club's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.norfolkyacht.com

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

Mission Statement of Norfolk Yacht And Country Club

The Norfolk Yacht and Country Club, as stated in its description, serves as an exempt social club, dedicating its resources to cater to its membership. Its primary mission lies in providing a wide array of country club facilities for its members to utilize. This mission is reflected in its overall activity, which is centered around offering a social environment where members can enjoy the club's amenities. The club's focus is on providing a welcoming and inclusive environment for its members, ensuring they have access to the facilities and services that a country club typically offers.

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Impact




October, 2024

Norfolk Yacht and Country Club significantly enhances the local community by providing a range of recreational facilities and social opportunities for its members. Located in Norfolk, VA, it serves as a hub for social engagement and community building, fostering connections among individuals and families.

The club offers an array of amenities, including boating, golfing, and dining options, which contribute to a vibrant lifestyle for its members. This not only promotes well-being and leisure activities but also encourages community bonding through various social events and gatherings. The existence of such a facility enriches the quality of life in the area, as it attracts both residents and visitors, ultimately benefiting the local economy.

Furthermore, through its organized activities, the club contributes to promoting healthy living and recreational interests, impacting individual members and the broader community positively. Its role as an exempt social club encourages a welcoming environment for diverse groups, enhancing the cultural fabric of Norfolk.




This information is meant to be a general summary of Norfolk Yacht And Country Club. 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
$9,083,829 (2022)
Expenses
$8,905,233 (2022)
Efficiency

Other financial information:

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

  • Investment Income: -$161,906
  • Program Service Revenue: $6,133,054
  • Gross Receipts: $10,453,906

Assets and Liabilities:

  • Total Assets: $16,263,755
  • Total Liabilities: $6,786,120
  • Net Assets: $9,477,635

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Programs

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

MEMBERSHIP DUES

Revenue

$4,492,688

YATCHING INCOME

Revenue

$758,144

HEALTH CENTER

Revenue

$448,931

TENNIS PRO SHOP

Revenue

$374,857

ROOM SALES

Revenue

$58,434

Organization Details

Founding Year

1896

Principal Officer

David Chase

Main Address

7001 Hampton Boulevard, Norfolk, VA, 23505

NTEE Category

Code: N50 - Recreation

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