Coconut Grove Sailing Club Inc

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

EIN: 590636196 ✦ Miami, FL ✦ Designated as a 501(c)(7)

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Overview

What is Coconut Grove Sailing Club Inc?

Coconut Grove Sailing Club Inc, located at 2990 S Bayshore Dr, Miami, FL 33133, is a nonprofit organization dedicated to fostering a love for sailing. Their primary mission is to encourage appreciation for sailing and offer resources, including facilities, equipment, instruction, and camaraderie, to enhance members' interest in sailing. The club also aims to engage young people in this nautical activity. With a staff of 41 individuals, the club provides a platform for its members to enjoy the pleasure of boating together, fostering a sense of community.


Official website here: www.cgsc.org

Is Coconut Grove Sailing Club Inc legitimate?

Coconut Grove Sailing Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Coconut Grove 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: $952,590

For more financial information, click here


Official website here: www.cgsc.org

What is the mission statement of Coconut Grove Sailing Club Inc?

The Coconut Grove Sailing Club Inc's mission is centered around fostering an appreciation for sailing. They aim to achieve this by offering facilities, equipment, instruction, and camaraderie to enhance the interest in sailing among its members. Additionally, the club seeks to spark interest in sailing among young people. Through their activities, members have the opportunity to enjoy boating together, fostering a sense of camaraderie and shared pleasure.


Official website here: www.cgsc.org

Who is the CEO of Coconut Grove Sailing Club Inc?

Rob Carlson is the Commodore of Coconut Grove Sailing Club Inc.


Official website here: www.cgsc.org

What is the revenue of Coconut Grove Sailing Club Inc?

Coconut Grove Sailing Club Inc's revenue in 2022 was $2,979,003.


Official website here: www.cgsc.org

Who are the executives of Coconut Grove Sailing Club Inc and what are their salaries?

The average compensation at Coconut Grove Sailing Club Inc during 2022 was $23,234. There are 41 employees and 60 volunteers at Coconut Grove Sailing Club Inc.


Here are 5 key members and their salaries:


Rob Carlson (Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dave Martin (Vice Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Elkin (Rear Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Doreen Fischer (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Olivier Delavalette (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.cgsc.org

Where can I find the form 990 for Coconut Grove Sailing Club Inc?

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


Official website here: www.cgsc.org

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

Mission Statement of Coconut Grove Sailing Club Inc

Coconut Grove Sailing Club Inc is dedicated to fostering an appreciation for sailing among its members and the wider community. To achieve this, the club provides essential facilities, equipment, instruction, and a sense of camaraderie. This approach is designed to stimulate and enhance the interest in sailing among its members, as well as to pique the curiosity of young people. The club's mission is twofold: firstly, it aims to cater to the needs of its members, offering them the opportunity to enjoy sailing alongside their peers. Secondly, it seeks to inspire a new generation of sailors, nurturing their passion for the sport from a young age. The club's boat storage and mooring operations serve to promote comradery, allowing members to share the pleasure of boating with one another.

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Impact




October, 2024

Coconut Grove Sailing Club Inc fosters a strong community centered around sailing, encouraging camaraderie among its members and creating connections through shared interests in boating. By providing essential facilities, equipment, and instruction, the club enhances members' sailing experiences and promotes an appreciation for maritime activities.

The club plays a crucial role in engaging young people, nurturing their interest in sailing through accessible programs and opportunities. Its boat storage and mooring operations not only facilitate members' enjoyment of sailing but also establish a supportive environment where individuals can learn from one another and share their passion for boating.

In Miami, the club contributes to the local recreational landscape by offering a vibrant space for sailing enthusiasts to gather, learn, and grow, ultimately enriching the community and fostering a lifelong love for the sport.




This information is meant to be a general summary of Coconut Grove 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
$2,979,003 (2022)
Expenses
$2,471,727 (2022)
Efficiency

Other financial information:

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

  • Investment Income: -$16,423
  • Program Service Revenue: $652,360
  • Gross Receipts: $3,434,561

Assets and Liabilities:

  • Total Assets: $4,050,730
  • Total Liabilities: $1,064,964
  • Net Assets: $2,985,766

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Programs

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

BOAT STORAGE & MOORINGS

Revenue

$567,333

CLUB EVENTS-REGATTAS

Revenue

$81,752

MEMBER-SPONSORED ROOM RENTAL

Revenue

$3,275

Organization Details

Founding Year

1972

Principal Officer

Rob Carlson

Main Address

2990 S BAYSHORE DR, MIAMI, FL, 33133

NTEE Category

Code: N67 - Recreation

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