Carolina Yacht Club

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

EIN: 560167465 ✦ Wrightsville beach, NC ✦ Designated as a 501(c)(7)

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Overview

What is Carolina Yacht Club?

The Carolina Yacht Club is a private, engaging community centered around sailing. This organization actively participates in sailing competitions, known as regattas, and wholeheartedly supports the sport. Additionally, they offer sailing instruction for both junior and senior members, fostering a passion for the activity within their community. The club's primary focus is on promoting sailing and providing a social environment for its members.


Official website here: www.carolinayachtclub.org

Is Carolina Yacht Club legitimate?

Carolina Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Carolina Yacht 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: $142,019
Professional Fundraising Fees: $0
Other Salaries and Wages: $585,725

For more financial information, click here


Official website here: www.carolinayachtclub.org

What is the mission statement of Carolina Yacht Club?

The Carolina Yacht Club functions as a private sailing social club, actively engaging in sailing regattas. Its primary mission is to promote sailing and provide sailing instruction to both junior and senior members. The club serves this purpose by organizing and participating in various sailing events and offering educational programs to foster a passion for sailing within its community.


Official website here: www.carolinayachtclub.org

Who is the CEO of Carolina Yacht Club?

Unavailable


Official website here: www.carolinayachtclub.org

What is the revenue of Carolina Yacht Club?

Carolina Yacht Club's revenue in 2022 was $2,816,780.


Official website here: www.carolinayachtclub.org

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

The average compensation at Carolina Yacht Club during 2022 was $10,702. There are 68 employees at Carolina Yacht Club.


Here are 8 key members and their salaries:


Kevin Smith (Club Manager)
  • Compensation: $139,619
  • Related: $0
  • Other: $0
Elizabeth Mclean (Purser)
  • Compensation: $2,400
  • Related: $0
  • Other: $0
Steven Lilly (Fleet Captain)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elizabeth W Schuett (Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Phillip Humphrey (Commander)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kimberly Morris (Flag Captain)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jay Smith (Commander)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Washburn (Commander)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.carolinayachtclub.org

Where can I find the form 990 for Carolina Yacht Club?

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


Official website here: www.carolinayachtclub.org

Learn more at the official website: www.carolinayachtclub.org

Mission Statement of Carolina Yacht Club

Carolina Yacht Club, as a private sailing social club, is actively engaged in promoting sailing and participating in sailing regattas. The organization offers sailing instruction to both junior and senior members, aiming to cultivate a passion for sailing within its community. By providing these programs, the club fosters an environment where sailing enthusiasts can connect, learn, and compete. Carolina Yacht Club serves as a hub for sailors, promoting the sport while offering a social aspect, making it an attractive destination for those interested in sailing.

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Impact




October, 2024

Carolina Yacht Club significantly enhances the sailing community and recreation in Wrightsville Beach, NC, by fostering a vibrant environment for both novice and experienced sailors. Through its active participation in sailing regattas, the club not only encourages competition and camaraderie among its members but also elevates the profile of sailing in the region.

By offering comprehensive sailing instruction through junior and senior programs, Carolina Yacht Club plays a crucial role in promoting the sport. These educational initiatives cultivate skills and enthusiasm in younger generations, ensuring the sustainability and growth of sailing as an enjoyable lifelong activity.

Overall, the club serves as a hub for social interaction and community building among sailing enthusiasts, contributing to the local culture while supporting the development of sailing talent in the area.




This information is meant to be a general summary of Carolina Yacht 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
$2,816,780 (2022)
Expenses
$1,883,527 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $11,029
  • Program Service Revenue: $380,760
  • Gross Receipts: $2,816,780

Assets and Liabilities:

  • Total Assets: $10,764,329
  • Total Liabilities: $84,092
  • Net Assets: $10,680,237

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Programs

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

SAILING CLUB EVENTS

Revenue

$380,760

Organization Details

Founding Year

1873

Main Address

401 S LUMINA AVE, WRIGHTSVILLE BEACH, NC, 28480

NTEE Category

Code: N50 - Recreation

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