Charleston Yacht Club

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

EIN: 570338621 ✦ Charleston, SC ✦ Designated as a 501(c)(7)

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Overview

What is Charleston Yacht Club?

The Charleston Yacht Club, located in Charleston, South Carolina, serves as a social hub for its members by offering various recreational activities. As a yacht club, it promotes regattas and junior sailing water sports within South Carolina. The club facilities include a lounge and private rooms for meetings and parties, fostering an environment for socializing and recreational activities among its members and guests. The Charleston Yacht Club plays an essential role in promoting sailing and water sports within its community.


Official website here: www.charlestonyachtclub.com

Is Charleston Yacht Club legitimate?

Charleston Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Charleston 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: $114,508

For more financial information, click here


Official website here: www.charlestonyachtclub.com

What is the mission statement of Charleston Yacht Club?

The Charleston Yacht Club, in its mission, focuses on promoting regattas and junior sailing water sports in South Carolina. It operates a lounge and offers private rooms for meetings and parties, serving as a platform to facilitate socializing and recreational activities among its members and guests. The club's primary objective is to provide a setting that encourages camaraderie and enjoyment among its members. The Charleston Yacht Club offers various recreational functions to foster social interaction between its members.


Official website here: www.charlestonyachtclub.com

Who is the CEO of Charleston Yacht Club?

Sarah Ashton is the Past Commodore of Charleston Yacht Club.


Official website here: www.charlestonyachtclub.com

What is the revenue of Charleston Yacht Club?

Charleston Yacht Club's revenue in 2022 was $620,841.


Official website here: www.charlestonyachtclub.com

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


Here are 8 key members and their salaries:


Dan Moore (Past Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Mallory (Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christy Sadler (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Van Kinnett (House Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alex Tracy (Vice Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Austin Peay (Fleet Captain)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jay Rucker (Rear Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donna Poulnot (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.charlestonyachtclub.com

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

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


Official website here: www.charlestonyachtclub.com

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

Mission Statement of Charleston Yacht Club

The Charleston Yacht Club, as a yacht club, is dedicated to promoting regattas and junior sailing water sports in South Carolina. The organization facilitates socializing and recreational activities among its members and guests by operating a lounge and providing private rooms for meetings and parties. These facilities serve to enhance the overall experience of the club members. In essence, the Charleston Yacht Club aims to foster a sense of camaraderie and enjoyment among its members through the shared pursuit of yachting and sailing activities.

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Impact




October, 2024

Charleston Yacht Club plays a vital role in promoting sailing and water sports in South Carolina, particularly through its focus on regattas and junior sailing programs. By organizing a variety of events, the club fosters a vibrant sailing community that attracts both seasoned sailors and newcomers, encouraging the growth and development of these aquatic sports.

The club's facilities, including a lounge and private meeting rooms, serve as a hub for social interaction among its members. This environment not only enhances recreational experiences but also strengthens community bonds, allowing members to connect over their shared passion for sailing and waterfront activities. Through its focus on social and recreational functions, Charleston Yacht Club cultivates a sense of camaraderie and encourages a lifestyle centered around boating and community engagement.

In addition to promoting water sports, the club’s activities contribute to local tourism and the economy by attracting visitors for regattas and other events, further establishing Charleston as a key destination for sailing enthusiasts. Overall, Charleston Yacht Club significantly impacts the local community by enhancing recreational opportunities, fostering social connections, and supporting the growth of sailing in the region.




This information is meant to be a general summary of Charleston 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
$620,841 (2022)
Expenses
$643,947 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $46
  • Program Service Revenue: $223,485
  • Gross Receipts: $977,966

Assets and Liabilities:

  • Total Assets: $379,741
  • Total Liabilities: $171,845
  • Net Assets: $207,896

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Programs

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

CLUB FUNCTION TO PROMO

Revenue

$127,604

BOAT SPACE FOR MEMBERS

Revenue

$37,947

PARTY ROOM RENTAL FOR

Revenue

$37,627

SAILING REGATTAS & SEM

Revenue

$20,307

Organization Details

Founding Year

1946

Principal Officer

Sarah Ashton

Main Address

PO BOX 20474, CHARLESTON, SC, 29413

NTEE Category

Code: N50 - Recreation

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