Overview
What is Lake Norman Yacht Club?
The Lake Norman Yacht Club is a community-oriented nonprofit organization, situated in an unspecified region. Its primary focus is to foster the love for sailing within the local community. They accomplish this mission by organizing various programs, including a weeklong sailing camp for budding junior sailors and hosting significant open regattas for the wider sailing public. By engaging in these activities, the Lake Norman Yacht Club actively works towards promoting sailing as a popular sport in its region.
Official website here: www.lakenormanyc.org
Is Lake Norman Yacht Club legitimate?
Lake Norman Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Lake Norman 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.lakenormanyc.org
What is the mission statement of Lake Norman Yacht Club?
The Lake Norman Yacht Club is dedicated to fostering the love for sailing in the local community. They achieve this by implementing a variety of initiatives, such as organizing a weeklong sailing camp for junior sailors and hosting major open regattas for the general sailing public. The club's primary goal is to promote and popularize sailing in the region.
Official website here: www.lakenormanyc.org
What is the revenue of Lake Norman Yacht Club?
Lake Norman Yacht Club's revenue in 2023 was $546,542.
Official website here: www.lakenormanyc.org
Who are the executives of Lake Norman Yacht Club and what are their salaries?
There 331 volunteers at Lake Norman Yacht Club.
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.lakenormanyc.org
Where can I find the form 990 for Lake Norman Yacht Club?
Lake Norman Yacht Club's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.lakenormanyc.org
Learn more at the official website: www.lakenormanyc.org
Mission Statement of Lake Norman Yacht Club
Lake Norman Yacht Club, as a nonprofit organization, is dedicated to fostering the love for sailing within the local community. To achieve this mission, they implement various programs. One of their initiatives is a weeklong sailing camp specifically designed for junior sailors, aiming to nurture their interest and skills in the sport. Moreover, the club organizes major open regattas, inviting the wider sailing public to participate and enjoy the thrill of competition. In this way, Lake Norman Yacht Club actively promotes sailing as a recreational activity and a source of enjoyment for people of all ages in the region.
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Impact
October, 2024
Lake Norman Yacht Club significantly enhances the sailing community in Mooresville, NC, by promoting the sport of sailing through targeted initiatives. Its weeklong sailing camp for junior sailors cultivates a new generation of sailing enthusiasts, providing essential skills and fostering a love for the water. Additionally, the club hosts major open regattas, inviting sailors from various backgrounds to participate in competitive events, which not only showcases sailing talent but also encourages camaraderie among participants. Through these programs, Lake Norman Yacht Club plays a vital role in enriching the regional sailing culture, driving community engagement, and inspiring individuals to embrace the sport.
This information is meant to be a general summary of Lake Norman 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $659
- Program Service Revenue: $545,883
- Gross Receipts: $546,542
Assets and Liabilities:
- Total Assets: $6,116,364
- Total Liabilities: $61,500
- Net Assets: $6,054,864
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EVENTS
Revenue
$44,942
STORAGE
Revenue
$96,020
INITIATION FEE
Revenue
$49,536
OTHER
Revenue
-$5,351
DUES
Revenue
$360,736
Organization Details
Founding Year
1961
Principal Officer
Chris Kicinski
Website
www.lakenormanyc.orgNTEE Category
Code: Z99 - Unknown
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