The Florida Yacht Club Inc

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

EIN: 590248800 ✦ Jacksonville, FL ✦ Designated as a 501(c)(7)

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Overview

What is The Florida Yacht Club Inc?

The Florida Yacht Club Inc, located at 5210 Yacht Club Road, Jacksonville, Florida 32210, is a nonprofit organization primarily focused on fostering social interaction among its members. With a workforce of 188 individuals, it offers a variety of amenities, including a restaurant, tennis courts, and aquatic facilities, to cater to its members' leisure and recreational needs. The club's mission is to promote camaraderie among its members by organizing dining and recreational activities. This nonprofit organization serves as a hub for its members to unwind, socialize, and enjoy leisure time together.


Official website here: www.thefloridayachtclub.org

Is The Florida Yacht Club Inc legitimate?

The Florida Yacht Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. The Florida 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: $311,374
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,002,760

For more financial information, click here


Official website here: www.thefloridayachtclub.org

What is the mission statement of The Florida Yacht Club Inc?

The Florida Yacht Club Inc's mission is centered around fostering camaraderie among its members. It achieves this by serving as a social club, with the primary objective of promoting social interaction. The club accomplishes this by offering dining and recreational activities, thereby providing an enjoyable environment for its members. The club's facilities include a restaurant, tennis courts, and aquatic areas, all designed to cater to its members' leisure and recreational needs.


Official website here: www.thefloridayachtclub.org

Who is the CEO of The Florida Yacht Club Inc?

Timothy V Monahan is the Commodore of The Florida Yacht Club Inc.


Official website here: www.thefloridayachtclub.org

What is the revenue of The Florida Yacht Club Inc?

The Florida Yacht Club Inc's revenue in 2022 was $7,411,246.


Official website here: www.thefloridayachtclub.org

Who are the executives of The Florida Yacht Club Inc and what are their salaries?

The average compensation at The Florida Yacht Club Inc during 2022 was $17,628. There are 188 employees and 14 volunteers at The Florida Yacht Club Inc.


Here are 18 key members and their salaries:


Timothy V Monahan (Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Margaret Barnett Emmet (Vice Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christian P George (Rear Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
L Allen Mcdonough Jr (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Herschel Vinyard (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephen Busey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Derr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Adam Prom (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Timothy Geddes (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jason Richards (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
W David Hawkins (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
C Stewart Green (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Racine (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matthew Kenyon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sharon Miller (Controller)
  • Compensation: $103,605
  • Related: $0
  • Other: $5,444
Carol Edell (General Manager)
  • Compensation: $196,532
  • Related: $0
  • Other: $5,792
Louis Ballentyne (Tennis Director)
  • Compensation: $224,471
  • Related: $0
  • Other: $2,710
Stephen Bechan (Executive Chef)
  • Compensation: $135,832
  • Related: $0
  • Other: $1,531


Official website here: www.thefloridayachtclub.org

Where can I find the form 990 for The Florida Yacht Club Inc?

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


Official website here: www.thefloridayachtclub.org

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

Mission Statement of The Florida Yacht Club Inc

The Florida Yacht Club Inc is a social organization with a mission to foster camaraderie among its members by offering pleasurable and recreational activities. Its primary objective is to encourage social interaction among the club's members, achieving this goal through the provision of dining and leisure activities. The club offers a variety of facilities, including a restaurant, tennis courts, and aquatic areas, catering to the diverse interests of its members. The Florida Yacht Club Inc serves as a platform for its members to unwind, socialize, and engage in enjoyable pastimes, thereby strengthening their bonds as a community.

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Impact




October, 2024

The Florida Yacht Club Inc fosters a vibrant community by bringing members together through shared recreational activities and social interactions. By offering facilities such as dining, tennis, and aquatic amenities, it creates an environment where individuals can form connections and enjoy leisure time. This focus on recreation not only enhances the quality of life for its members but also strengthens community ties in Jacksonville. The club serves as a hub for social engagement, encouraging collaboration and camaraderie among its members, which ultimately contributes to a more cohesive and active community.




This information is meant to be a general summary of The Florida 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.

Revenue
$7,411,246 (2022)
Expenses
$6,522,626 (2022)
Efficiency

Other financial information:

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

  • Investment Income: -$166,115
  • Program Service Revenue: $5,790,794
  • Gross Receipts: $8,360,724

Assets and Liabilities:

  • Total Assets: $10,325,213
  • Total Liabilities: $3,106,722
  • Net Assets: $7,218,491

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Programs

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

MEMBERSHIP DUES

Revenue

$2,216,309

CAPITAL ASSESSMENTS

Revenue

$1,521,353

TENNIS OPERATIONS

Revenue

$801,112

SERVICE CHARGE

Revenue

$503,250

SAILING

Revenue

$321,551

Organization Details

Founding Year

1879

Principal Officer

Timothy V Monahan

Main Address

5210 YACHT CLUB ROAD, JACKSONVILLE, FL, 32210

NTEE Category

Code: N50 - Recreation

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