Overview
What is Figure Eight Island Yacht Club Inc?
Figure Eight Island Yacht Club Inc is a nonprofit organization situated in Wilmington, North Carolina. With a staff of 110 individuals, the club operates as an exempt social club, exclusively dedicated to catering to its members' recreational and social needs. The club offers a variety of facilities, such as swimming pools, tennis courts, boat slip rentals, and dining areas, as well as organizing social events. Members can enjoy these amenities for the club's primary purpose, which is to provide leisure and social opportunities.
Official website here: www.f8iyc.com
What do the Facebook reviews say about Figure Eight Island Yacht Club Inc?
94% of 32 reviewers on Facebook recommend Figure Eight Island Yacht Club Inc. Here is a summary of their reviews:
The overwhelming sentiment from users is extremely positive, with many expressing their delight in the services and experiences offered by the Yacht Club. A particularly enthusiastic review simply states, "Amazing! Nothing else needs tooooooo beeeeeee said!" This highlights the strong appreciation that supporters have for the organization.
Overall, the Club seems to have successfully met the expectations of its members, fostering an environment that people value and enjoy. The high recommendation rate is indicative of the satisfaction and loyalty among its community.
This AI summary has been generated from reviews found on Facebook.
Is Figure Eight Island Yacht Club Inc legitimate?
Figure Eight Island Yacht Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Figure Eight Island 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: $338,061
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,824,164
For more financial information, click here
Official website here: www.f8iyc.com
What is the mission statement of Figure Eight Island Yacht Club Inc?
The Figure Eight Island Yacht Club Inc is a private social club, dedicated to catering to the recreational and social needs of its members. Its primary mission involves providing a range of facilities, such as swimming areas, tennis courts, boat slip rentals, and opportunities for dining and social activities. The club operates solely for the benefit of its members, with all revenue and expenses being utilized towards achieving its exempt purpose.
Official website here: www.f8iyc.com
What is the revenue of Figure Eight Island Yacht Club Inc?
Figure Eight Island Yacht Club Inc's revenue in 2023 was $5,407,481.
Official website here: www.f8iyc.com
Who are the executives of Figure Eight Island Yacht Club Inc and what are their salaries?
The average compensation at Figure Eight Island Yacht Club Inc during 2023 was $17,298. There are 125 employees and 9 volunteers at Figure Eight Island Yacht Club Inc.
Here are 12 key members and their salaries:
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- Compensation: $197,495
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- Other: $18,698
- Compensation: $103,010
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- Other: $18,538
- Compensation: $123,800
- Related: $0
- Other: $5,538
Official website here: www.f8iyc.com
Where can I find the form 990 for Figure Eight Island Yacht Club Inc?
Figure Eight Island Yacht Club Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.f8iyc.com
Learn more at the official website: www.f8iyc.com
Mission Statement of Figure Eight Island Yacht Club Inc
Figure Eight Island Yacht Club Inc is a private social club, dedicated to serving its members for their recreational and social needs. Its primary mission lies in providing a range of facilities and activities that cater to its members' leisure pursuits. This includes swimming, tennis, rentals for boat slips, and various social events. The club operates as a self-sustaining entity, with all revenue and expenses being utilized exclusively for the benefit of its members, ensuring that the club continues to thrive and meet the needs of its community.
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Impact
October, 2024
Figure Eight Island Yacht Club Inc significantly enhances the recreational and social lives of its members. By providing a range of facilities such as swimming pools, tennis courts, and boat slip rentals, the club creates an inviting environment for leisure and enjoyment. Dining options and organized social activities foster community bonds and enrich the overall experience, making it a vital hub for members to connect and partake in various recreational pursuits. Through its commitment to serving its membership, the club not only promotes a lifestyle centered around recreation and social engagement but also contributes to the greater sense of community on Figure Eight Island.
This information is meant to be a general summary of Figure Eight Island 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: $54,093
- Program Service Revenue: $4,799,442
- Gross Receipts: $5,492,289
Assets and Liabilities:
- Total Assets: $7,801,731
- Total Liabilities: $907,603
- Net Assets: $6,894,128
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FOOD AND BEVERAGE
Revenue
$2,213,124
DUES AND ASSESSMENTS
Revenue
$2,092,942
MARINA
Revenue
$406,094
ACTIVITIES/PROGRAMS/SP
Revenue
$83,647
FINANCE CHARGES & LATE
Revenue
$3,635
Organization Details
Founding Year
1983
Principal Officer
Deborah Long
Website
www.f8iyc.comNTEE Category
Code: N50 - Recreation
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