Overview
What is Lauderdale Yacht Club Inc?
Lauderdale Yacht Club Inc, situated in Fort Lauderdale, Florida, functions as a nonprofit organization primarily dedicated to fostering camaraderie among its members. The club offers various leisure facilities, including a restaurant, tennis courts, a swimming pool, and a dock. Their mission is to cultivate social bonds among members through enjoyable and recreational activities. The club employs a team of 291 individuals, ensuring a well-organized and engaging environment for its members and their guests.
Official website here: www.lyc1938.org
Is Lauderdale Yacht Club Inc legitimate?
Lauderdale Yacht Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Lauderdale 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,406,695
For more financial information, click here
Official website here: www.lyc1938.org
What is the mission statement of Lauderdale Yacht Club Inc?
The Lauderdale Yacht Club Inc serves as a social gathering place, with its primary objective being the bonding of its members. This is achieved through the promotion of pleasure and recreation. As a registered exempt organization, Lauderdale Yacht Club Inc's mission is to foster social interaction among its members. They accomplish this by offering a variety of dining and recreational activities within the club. These activities include the provision of a restaurant, tennis courts, a swimming pool, and dock facilities, which are available for both club members and their guests.
Official website here: www.lyc1938.org
What is the revenue of Lauderdale Yacht Club Inc?
Lauderdale Yacht Club Inc's revenue in 2024 was $11,788,903.
Official website here: www.lyc1938.org
Who are the executives of Lauderdale Yacht Club Inc and what are their salaries?
The average compensation at Lauderdale Yacht Club Inc during 2024 was $24,176. There are 265 employees and 75 volunteers at Lauderdale Yacht Club Inc.
Here are 28 key members and their salaries:
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- Other: $10,294
- Compensation: $109,502
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- Other: $20,540
Official website here: www.lyc1938.org
Where can I find the form 990 for Lauderdale Yacht Club Inc?
Lauderdale Yacht Club Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.lyc1938.org
Learn more at the official website: www.lyc1938.org
Mission Statement of Lauderdale Yacht Club Inc
Lauderdale Yacht Club Inc, as a social club, is dedicated to fostering camaraderie among its members by pursuing shared objectives centered around pleasure and recreation. The organization serves this purpose by offering diverse dining and leisure activities to its members and their guests. The club's facilities include restaurants, tennis courts, swimming pools, and docks, all designed to cater to the recreational interests of its members, thereby promoting social interaction within the club.
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Impact
October, 2024
Lauderdale Yacht Club Inc enriches the community by fostering social interaction among its members through a variety of recreational and dining activities. Located in Fort Lauderdale, Florida, the club serves as a venue where members can come together for pleasure and recreation. Its facilities include a restaurant, tennis courts, a pool, and dock access, all designed to enhance the experience for members and their guests.
By promoting leisure activities and social connections, Lauderdale Yacht Club not only strengthens community ties but also contributes to the vibrant culture of Fort Lauderdale. The club's focus on recreation and social engagement creates a welcoming environment that encourages collaboration and friendships among its members, significantly impacting the local social landscape.
This information is meant to be a general summary of Lauderdale 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: $169,338
- Program Service Revenue: $7,920,701
- Gross Receipts: $14,474,182
Assets and Liabilities:
- Total Assets: $35,808,953
- Total Liabilities: $20,433,570
- Net Assets: $15,375,383
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DUES & ASSESSMENTS
Revenue
$5,028,888
YACHTING
Revenue
$1,056,953
DOCKS AND HARBOR
Revenue
$776,140
TENNIS
Revenue
$391,631
OTHER FOOD AND BEVERAGE
Revenue
$272,186
Organization Details
Founding Year
1938
Principal Officer
Wil H Shriner
Website
www.lyc1938.orgNTEE Category
Code: N03 - Recreation
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