Hobcaw Yacht Club

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

EIN: 576006774 ✦ Mt pleasant, SC ✦ Designated as a 501(c)(7)

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Overview

What is Hobcaw Yacht Club?

Hobcaw Yacht Club, located in Mount Pleasant, South Carolina, serves as a community-centered social club, catering to its membership with a nautical, family-oriented atmosphere. Their primary activity revolves around sailing, offering educational programs to children, teenagers, and adults, ensuring safe sailing practices. They conduct two-week summer sailing camps for children, instructed by paid professionals, utilizing the boats owned and maintained by the club. In addition to the sailing program, Hobcaw Yacht Club organizes an annual summer sailing regatta. With a total of 54 employees, the club is committed to providing an enjoyable experience for its members.


Official website here: www.hycclub.org

Is Hobcaw Yacht Club legitimate?

Hobcaw Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Hobcaw 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: $193,689

For more financial information, click here


Official website here: www.hycclub.org

What is the mission statement of Hobcaw Yacht Club?

The Hobcaw Yacht Club, being a community-focused social club, is dedicated to providing its members with an exceptional level of fellowship, entertainment, and enjoyment in a nautical and family-friendly atmosphere. Its mission encompasses teaching children, teenagers, and adults to sail safely, offering two-week summer sailing camps for children, instructed by paid professionals, utilizing the club's own boats and maintained vessels. Additionally, the club organizes an annual sailing regatta during the summer season.


Official website here: www.hycclub.org

Who is the CEO of Hobcaw Yacht Club?

Richard Kinard is the Commodore of Hobcaw Yacht Club.


Official website here: www.hycclub.org

What is the revenue of Hobcaw Yacht Club?

Hobcaw Yacht Club's revenue in 2022 was $1,077,688.


Official website here: www.hycclub.org

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

The average compensation at Hobcaw Yacht Club during 2022 was $3,587. There are 54 employees and 50 volunteers at Hobcaw Yacht Club.


Here are 14 key members and their salaries:


Richard Kinard (Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Beth Colley (Rear Commodo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Holland Burns (Pool Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniel Isaac (House & Grou)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jodie Fuqua (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Butler (Bar Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Hill Durant (Boatyard Cha)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mara Hardee (Facilities R)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kelly Murphy (Entertainmen)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ross Cambpell (Sailing Chai)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nathan Mack (It Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kelly Brinson (Membership)
  • Compensation: $0
  • Related: $0
  • Other: $0
Becca Weil (Vice Commodo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniel Hiers (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.hycclub.org

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

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


Official website here: www.hycclub.org

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

Mission Statement of Hobcaw Yacht Club

Hobcaw Yacht Club, a community-oriented social club, is dedicated to providing its members with an exceptional fellowship, entertainment, and enjoyment in a nautical and family-friendly environment. Its mission is to foster a sense of camaraderie and fun among its members by offering a variety of sailing-related activities.

At the heart of Hobcaw Yacht Club's mission is its sailing program, designed to teach both children, teenagers, and adults the essentials of sailing safely. The club organizes two-week sailing camps during the summer, where paid instructors share their expertise with the young participants. The club's fleet of boats is utilized for these camps, ensuring that everyone has access to the necessary equipment.

In addition to its sailing camps, Hobcaw Yacht Club hosts an annual sailing regatta during the summer. This event brings together members and non-members alike to celebrate their shared love of sailing and competitive spirit. The regatta is a highlight of the club's calendar, providing an enjoyable and memorable experience for all involved.

In summary, Hobcaw Yacht Club is committed to providing its members with a nautical-themed social experience that is both enjoyable and educational. Through its sailing programs and annual regatta, the club fosters a sense of community and camaraderie among its members, while also teaching valuable sailing skills to children and adults alike.

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Impact




October, 2024

Hobcaw Yacht Club significantly enriches the local community by fostering a love for sailing and ensuring that individuals of all ages have the opportunity to learn this valuable skill. The club’s sailing program emphasizes safety and personal development, creating a safe environment for children, teenagers, and adults to gain confidence on the water. Summer camps, led by experienced instructors, allow children to immerse themselves in sailing, building not only their sailing abilities but also essential life skills such as teamwork and responsibility.

In addition to empowering individuals through education, the club also cultivates a strong sense of community through its social activities. By providing a space where families can gather and enjoy nautical recreation together, Hobcaw Yacht Club strengthens bonds and creates lasting memories. The annual sailing regatta is a highlight of the club's calendar, drawing participants and spectators alike, further enhancing community spirit and camaraderie among residents of Mt. Pleasant, SC.

Overall, Hobcaw Yacht Club's impact extends beyond mere sailing; it promotes fellowship and entertainment in a family-oriented environment, contributing positively to the social fabric of the community.




This information is meant to be a general summary of Hobcaw 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
$1,077,688 (2022)
Expenses
$1,015,110 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $4,422
  • Program Service Revenue: $249,842
  • Gross Receipts: $1,077,688

Assets and Liabilities:

  • Total Assets: $1,934,860
  • Total Liabilities: $399,445
  • Net Assets: $1,535,415

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Programs

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

SAILING AND REGATTA

Revenue

$109,675

SWIM TEAM AND POOL

Revenue

$61,629

EVENTS

Revenue

$29,050

BOATYARD

Revenue

$21,268

BAR INCOME

Revenue

$14,707

Organization Details

Founding Year

1957

Principal Officer

Richard Kinard

Main Address

PO BOX 21, MT PLEASANT, SC, 29465

NTEE Category

Code: N50 - Recreation

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