Overview
What is Carolina Yacht Club?
Carolina Yacht Club is a nonprofit organization situated in Charleston, South Carolina, specifically at 50 East Bay Street. This social club is primarily established for the pleasure and recreation of its members, serving a variety of non-profit purposes. The club operates a clubhouse and a boathouse restaurant, offering benefits to its members and their guests. With a workforce of approximately 212 individuals, the club provides a space for members to engage in enjoyable and meaningful activities.
Official website here: www.carolinayachtclub.com
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: $222,582
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,554,941
For more financial information, click here
Official website here: www.carolinayachtclub.com
What is the mission statement of Carolina Yacht Club?
The Carolina Yacht Club serves as a social club, primarily focusing on the pleasure and recreation of its members, with the intention of pursuing various non-profit activities. Its mission is centered around providing a platform for members to engage in leisurely activities and social events. The club operates a clubhouse and a boathouse restaurant, offering benefits to both members and their guests. The club's activities are primarily aimed at promoting camaraderie and enjoyment among its members.
Official website here: www.carolinayachtclub.com
Who is the CEO of Carolina Yacht Club?
Forest D Suggs Iii is the General Manager of Carolina Yacht Club.
Official website here: www.carolinayachtclub.com
What is the revenue of Carolina Yacht Club?
Carolina Yacht Club's revenue in 2023 was $8,991,622.
Official website here: www.carolinayachtclub.com
Who are the executives of Carolina Yacht Club and what are their salaries?
The average compensation at Carolina Yacht Club during 2023 was $17,819. There are 212 employees and 80 volunteers at Carolina Yacht Club.
Here are 12 key members and their salaries:
- Compensation: $222,582
- Related: $0
- Other: $173
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.carolinayachtclub.com
Where can I find the form 990 for Carolina Yacht Club?
Carolina Yacht Club's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.carolinayachtclub.com
Learn more at the official website: www.carolinayachtclub.com
Mission Statement of Carolina Yacht Club
Carolina Yacht Club serves as a social club, catering to the pleasure and recreational needs of its members, with the primary objective of promoting non-profit activities. Established for this purpose, the club offers a range of facilities and services to its members and their guests, ensuring a delightful experience. Among these facilities, the clubhouse and boathouse restaurant stand out, providing ample opportunities for members to unwind and engage in various social activities. By offering these amenities, Carolina Yacht Club aims to foster a sense of camaraderie and community among its members, promoting enjoyable and beneficial experiences.
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Impact
October, 2024
Carolina Yacht Club significantly contributes to the community by providing a vibrant social hub for pleasure and recreation. Located in Charleston, SC, it fosters a sense of camaraderie among its members through various activities and events that promote outdoor enjoyment and shared experiences.
The club operates a clubhouse and boathouse restaurant, ensuring that all members and their guests can take advantage of quality dining and social interaction in a scenic waterfront setting. This environment not only enhances the recreational opportunities available to members but also supports local culture by attracting visitors who contribute to the economy.
By prioritizing pleasure and leisurely pursuits, Carolina Yacht Club enriches the lives of its members and strengthens community bonds, creating lasting friendships and a shared passion for maritime activities.
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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $183,830
- Program Service Revenue: $6,159,086
- Gross Receipts: $10,585,587
Assets and Liabilities:
- Total Assets: $20,082,754
- Total Liabilities: $3,689,440
- Net Assets: $16,393,314
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES & FEES
Revenue
$3,963,752
ASSESSMENT FEES
Revenue
$740,745
INITIATION FEES
Revenue
$622,798
DOCKS & GROUNDS
Revenue
$275,656
JR. SAILING
Revenue
$269,389
Organization Details
Founding Year
1888
Phone
(843) 722-0209Principal Officer
Forest D Suggs Iii
Main Address
50 EAST BAY STREET, CHARLESTON, SC, 29401
Website
www.carolinayachtclub.comNTEE Category
Code: N50 - Recreation
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