St Petersburg Yacht Club Inc

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

EIN: 590433240 ✦ St petersburg, FL ✦ Designated as a 501(c)(7)

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Overview

What is St Petersburg Yacht Club Inc?

St. Petersburg Yacht Club Inc., located in St. Petersburg, Florida, is a prominent nonprofit organization dedicated to promoting and supporting yachting. With approximately 2,460 members as of September 30, 2022, the club operates as a sailing center under an agreement with the city, offering slip rentals and marine supplies to its members. The club's primary mission is to encourage yachting and provide a social environment for its members and guests. To fulfill this mission, the club offers a variety of boats, including various prams, 4-person Sonars, and J/70 sailboats, as well as paddleboards and kayaks. The club also engages in activities to help members become proficient in navigation and yacht design, and provides entertainment and food services. With a staff of 214 employees, St. Petersburg Yacht Club Inc. is committed to fostering a vibrant yachting community.


Official website here: www.spyc.org

What do the Facebook reviews say about St Petersburg Yacht Club Inc?

92% of 373 reviewers on Facebook recommend St Petersburg Yacht Club Inc. Here is a summary of their reviews:

Many patrons express high satisfaction with the club's facilities and services, particularly highlighting the staff’s attentiveness and professionalism. A recent example showed a family successfully hosting a surprise birthday party, with staff going above and beyond to ensure a memorable experience. The positive mentions of individual employees, such as Chris and Marcita, reflect the strong team spirit and commitment to customer service.

Overall, the sentiment is overwhelmingly positive, with users appreciating the picturesque venue and the helpful nature of the staff, indicating that the club effectively meets the needs and expectations of its visitors.


This AI summary has been generated from reviews found on Facebook.

Is St Petersburg Yacht Club Inc legitimate?

St Petersburg Yacht Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. St Petersburg 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: $469,760
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,564,730

For more financial information, click here


Official website here: www.spyc.org

What is the mission statement of St Petersburg Yacht Club Inc?

The St Petersburg Yacht Club Inc's mission is centered around encouraging and supporting yachting activities. It aims to assist its members in enhancing their navigation skills and knowledge in yacht design, building, and sailing. The club provides amusement and entertainment, along with supplying food and beverages, creating a social environment for its members and guests. The club houses a variety of boats, including 88 different types, such as IOD prams, Sonars, and J/70 sailboats, as well as paddleboards and kayaks, catering to a diverse range of marine enthusiasts.


Official website here: www.spyc.org

Who is the CEO of St Petersburg Yacht Club Inc?

Brian Smith is the Vice Commodore of St Petersburg Yacht Club Inc.


Official website here: www.spyc.org

What is the revenue of St Petersburg Yacht Club Inc?

St Petersburg Yacht Club Inc's revenue in 2022 was $9,658,680.


Official website here: www.spyc.org

Who are the executives of St Petersburg Yacht Club Inc and what are their salaries?

The average compensation at St Petersburg Yacht Club Inc during 2022 was $9,507. There are 214 employees and 150 volunteers at St Petersburg Yacht Club Inc.


Here are 23 key members and their salaries:


Bill Waters (Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Smith (Vice Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Boyle (Rear Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Divito (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Veronica Hickey (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jody Abrams (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wayne Andrews (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christian Bergstrom (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Fred Bickley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Deininger (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Grant Dumas (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christopher Fraser (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Funsch (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Hacker (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeannie O'Grady (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
George Pennington (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chad Shakespeare (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill Waters Ii (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rhett Robicheaux (General Manager)
  • Compensation: $89,143
  • Related: $0
  • Other: $11,882
Colleen Riley-Finney (Director Of Finance)
  • Compensation: $172,199
  • Related: $0
  • Other: $3,697
Joseph Van Bemmel (Executive Chef)
  • Compensation: $130,027
  • Related: $0
  • Other: $3,247
Shawn Macking (Waterfront Director)
  • Compensation: $109,421
  • Related: $0
  • Other: $912
Marc Reydams (Former General Manager)
  • Compensation: $216,155
  • Related: $0
  • Other: $15,219


Official website here: www.spyc.org

Where can I find the form 990 for St Petersburg Yacht Club Inc?

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


Official website here: www.spyc.org

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

Mission Statement of St Petersburg Yacht Club Inc

St. Petersburg Yacht Club Inc is committed to fostering and promoting yachting, providing a social atmosphere for its members and guests. Their mission is multifaceted, aiming to assist members in mastering the art of navigation, designing, building, and sailing yachts. The club offers various opportunities for its members, providing amusement, entertainment, and supplying food and beverages.

The club's extensive collection of boats caters to diverse interests. With 88 different types of boats, including 20 IOD prams, 4 Sonars, 18 Vanguard 420s, and 14 Vanguard prams, among others, St. Petersburg Yacht Club Inc offers a wide range of sailing experiences. In addition to sailboats, the club also provides non-sailing options, such as 6 paddleboards and 4 kayaks, ensuring that members and guests can enjoy the water in various ways.

In essence, St. Petersburg Yacht Club Inc serves as a hub for yachting enthusiasts, offering not only a vast array of boats but also a welcoming environment where members can hone their sailing skills and engage in social activities. The club's mission is to encourage yachting and provide a platform for its members to grow and enjoy their shared passion for sailing.

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Impact




October, 2024

St. Petersburg Yacht Club Inc plays a significant role in the yachting community by fostering a passion for sailing and providing a vibrant social hub for its members and guests. The club operates a sailing center that includes comprehensive dock facilities, offering slip rentals and marine supplies, which enhances access to water activities for its 2,460 members.

By encouraging yachting and facilitating skill development in navigation and yacht design, the club promotes proficiency among its members, contributing to a knowledgeable and skilled sailing community. The diverse fleet of 88 boats, including various sailboats and powerboats, along with additional offerings like paddleboards and kayaks, ensures that members of all skill levels can participate in recreational and competitive sailing.

Moreover, the social environment provided by the club, along with its amenities, fosters camaraderie and connection among members, enriching the community life in St. Petersburg. The club's commitment to hosting events and providing food and beverages adds to the overall entertainment value, making it a cornerstone of local recreational culture and enhancing the enjoyment of the marine lifestyle.




This information is meant to be a general summary of St Petersburg 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
$9,658,680 (2022)
Expenses
$8,131,417 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $14,129
  • Program Service Revenue: $8,821,858
  • Gross Receipts: $15,107,610

Assets and Liabilities:

  • Total Assets: $21,076,545
  • Total Liabilities: $6,997,664
  • Net Assets: $14,078,881

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Programs

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

MEMBERSHIP DUES

Revenue

$5,483,412

INITIATION FEES

Revenue

$1,988,500

BOAT SLIPS

Revenue

$755,252

SAILING CENTER

Revenue

$428,504

REGATTA REVENUES

Revenue

$166,190

Organization Details

Founding Year

1916

Principal Officer

Brian Smith

Main Address

11 CENTRAL AVENUE, ST PETERSBURG, FL, 33701

NTEE Category

Code: N50 - Recreation

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