Lake Lanier Sailing Club Inc

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

EIN: 580974508 ✦ Flowery branch, GA ✦ Designated as a 501(c)(7)

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Overview

What is Lake Lanier Sailing Club Inc?

Lake Lanier Sailing Club Inc, located in Flowery Branch, Georgia, is a nonprofit organization with a focus on nurturing the sport of sailing. Throughout the year, they organize and support various regattas, catering to multiple sailing fleets. Their mission extends beyond racing, encompassing education and training initiatives to foster a broader appreciation for sailing. With a team of just two dedicated individuals, they actively contribute to the sailing community in Georgia.


Official website here: www.llsc.com

Is Lake Lanier Sailing Club Inc legitimate?

Lake Lanier Sailing Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Lake Lanier Sailing 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $96,765

For more financial information, click here


Official website here: www.llsc.com

What is the mission statement of Lake Lanier Sailing Club Inc?

Lake Lanier Sailing Club Inc's mission is centered around supporting the sport of sailing. They achieve this through various means, including education, training, racing, and other sailing-related activities. The club actively engages in organizing regattas and supports numerous separate one-design fleet regattas, as well as several performance handicap racing series. These initiatives are all part of their comprehensive racing programs, aimed at fostering growth and enthusiasm for the sport of sailing.


Official website here: www.llsc.com

Who is the CEO of Lake Lanier Sailing Club Inc?

Reid Collins is the Commodore of Lake Lanier Sailing Club Inc.


Official website here: www.llsc.com

What is the revenue of Lake Lanier Sailing Club Inc?

Lake Lanier Sailing Club Inc's revenue in 2022 was $548,559.


Official website here: www.llsc.com

Who are the executives of Lake Lanier Sailing Club Inc and what are their salaries?

The average compensation at Lake Lanier Sailing Club Inc during 2022 was $48,382. There are 2 employees and 200 volunteers at Lake Lanier Sailing Club Inc.


Here are 15 key members and their salaries:


Scott Bean (Governor)
  • Compensation: $0
  • Related: $0
  • Other: $0
Reid Collins (Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marian Evatt (Governor)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cathy Freeman (Vice Commodo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill Overend (Governor)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Pickering (Governor)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rick Proffitt (Governor)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Rapp (Governor)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carol Reddaway (Past Commodo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kurt Stadele (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tony Stanley (Governor)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dana Stewart (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jonathan Stewart (Rear Commodo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Will Thran (Governor)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gary Umberger (Historian)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.llsc.com

Where can I find the form 990 for Lake Lanier Sailing Club Inc?

Lake Lanier Sailing Club Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.llsc.com

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

Mission Statement of Lake Lanier Sailing Club Inc

Lake Lanier Sailing Club Inc is dedicated to promoting and fostering the sport of sailing. They accomplish this mission through various means, including education, training, racing, and other sailing-related activities. The club actively supports the sailing community by organizing several regattas and events, attracting both amateur and experienced sailors. Furthermore, Lake Lanier Sailing Club Inc assists in hosting numerous one-design fleet regattas and performance handicap racing series, thereby expanding opportunities for sailors to engage in competitive and recreational sailing. The club's racing programs provide a platform for sailors to enhance their skills, test their abilities, and build camaraderie in the sailing community.

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Impact




October, 2024

Lake Lanier Sailing Club Inc significantly enhances the local community by promoting the sport of sailing through various educational and competitive initiatives. The club actively organizes five multi-fleet regattas each year, bolstering community engagement and fostering a spirited environment among sailing enthusiasts. Additionally, it supports numerous separate one-design fleet regattas and several performance handicap racing series, contributing to a robust racing program that attracts sailors of all skill levels. This commitment to sailing education and training not only develops local talent but also cultivates a strong sense of camaraderie and recreation among participants. By creating opportunities for people to engage in sailing, the club enriches the community and supports the growth of this cherished sport in Flowery Branch, GA.




This information is meant to be a general summary of Lake Lanier Sailing 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.

Revenue
$548,559 (2022)
Expenses
$524,992 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $18,988
  • Program Service Revenue: $241,632
  • Gross Receipts: $548,559

Assets and Liabilities:

  • Total Assets: $1,315,127
  • Total Liabilities: $15,469
  • Net Assets: $1,299,658

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Programs

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

DOCK AND STORAGE FEES

Revenue

$263,558

WATERFRONT DIRECTOR

Revenue

$22,159

REGATTA REVENUE

Revenue

$20,291

SOCIAL EVENT REVENUE

Revenue

$2,320

UNREALIZED GAIN/LOSS ON INVES

Revenue

-$66,696

Organization Details

Founding Year

1959

Principal Officer

Reid Collins

Main Address

6206 COMMODORE DR, FLOWERY BRANCH, GA, 30542

NTEE Category

Code: N30 - Recreation

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