Overview
What is Biscayne Bay Yacht Club Inc?
Biscayne Bay Yacht Club Inc, located in Miami, Florida, serves as a hub for approximately 360 members, offering a range of amenities and services. The primary focus of the club is to foster the enjoyment of sailing as a sport, while also providing an avenue for social interaction and entertainment. The club provides essential facilities such as food, beverages, and dock services, ensuring its members have a comfortable and engaging experience. With a dedicated workforce of 24 individuals, Biscayne Bay Yacht Club Inc is committed to promoting sailing and fostering a sense of camaraderie among its members.
Official website here: www.nonee-mailbbycbiscaynebayyachtclub.com
Is Biscayne Bay Yacht Club Inc legitimate?
Biscayne Bay Yacht Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Biscayne Bay 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: $188,551
Professional Fundraising Fees: $0
Other Salaries and Wages: $689,676
For more financial information, click here
Official website here: www.nonee-mailbbycbiscaynebayyachtclub.com
What is the mission statement of Biscayne Bay Yacht Club Inc?
The Biscayne Bay Yacht Club Inc's primary purpose is to foster and enhance the joy of sailing as a sport. This is accomplished by encouraging its members to improve their sailing skills and providing opportunities for social interaction, entertainment, and camaraderie. The club plays a significant role in catering to its approximately 360 members, offering them food, beverages, dock facilities, and services to enhance their overall experience.
Official website here: www.nonee-mailbbycbiscaynebayyachtclub.com
What is the revenue of Biscayne Bay Yacht Club Inc?
Biscayne Bay Yacht Club Inc's revenue in 2024 was $3,048,124.
Official website here: www.nonee-mailbbycbiscaynebayyachtclub.com
Who are the executives of Biscayne Bay Yacht Club Inc and what are their salaries?
The average compensation at Biscayne Bay Yacht Club Inc during 2024 was $41,820. There are 21 employees at Biscayne Bay Yacht Club Inc.
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- Compensation: $192,187
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- Other: $13,117
Official website here: www.nonee-mailbbycbiscaynebayyachtclub.com
Where can I find the form 990 for Biscayne Bay Yacht Club Inc?
Biscayne Bay Yacht Club Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.nonee-mailbbycbiscaynebayyachtclub.com
Learn more at the official website: www.nonee-mailbbycbiscaynebayyachtclub.com
Mission Statement of Biscayne Bay Yacht Club Inc
Biscayne Bay Yacht Club Inc, a renowned organization, is committed to fostering an environment that encourages, improves, and offers joy in sailing as a sport. The club's primary purpose is to provide its members with an enjoyable social experience, entertainment, and camaraderie. By offering food, beverages, dock facilities, and services, Biscayne Bay Yacht Club Inc strives to create a welcoming atmosphere where its approximately 360 members can engage in their shared love for sailing and enjoy each other's company. The club's mission is centered around promoting sailing as a sport and providing its members with opportunities for social interaction, entertainment, and good fellowship.
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Impact
October, 2024
Biscayne Bay Yacht Club Inc significantly enhances the sailing community and social landscape in Miami. By fostering a passion for sailing, the club encourages members to engage in the sport, improving their skills and enhancing their appreciation for nautical activities. It also serves as a central hub for social interaction, offering food, beverages, and dock facilities for approximately 360 members, promoting a sense of camaraderie and connection.
The club’s emphasis on enjoyment and fellowship provides a welcoming environment for both seasoned sailors and newcomers, fostering long-lasting relationships through shared interests. Events and social gatherings create opportunities for entertainment, enriching the cultural fabric of the local area. Overall, Biscayne Bay Yacht Club Inc plays a vital role in promoting recreational sailing while nurturing a vibrant community through social contact and entertainment.
This information is meant to be a general summary of Biscayne Bay 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 2024.
- Investment Income: $102,973
- Program Service Revenue: $2,136,254
- Gross Receipts: $5,270,251
Assets and Liabilities:
- Total Assets: $9,181,078
- Total Liabilities: $1,087,632
- Net Assets: $8,093,446
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$1,166,213
DOCKS AND HARBOR
Revenue
$785,160
YACHT AND CLUB ACTIVITIES
Revenue
$184,881
Organization Details
Founding Year
1887
Principal Officer
Tait Keon
NTEE Category
Code: N50 - Recreation
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