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Venice Yacht Club Inc

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

EIN: 590655991 ✦ Venice, FL ✦ Designated as a 501(c)(7)

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Overview

What is Venice Yacht Club Inc?

Venice Yacht Club Inc, located in Venice, Florida, is a nonprofit organization dedicated to promoting yachting and sailing. Their primary mission involves encouraging the proper use and enjoyment of yachts and boats, while educating members in navigation, boat design, and sailing skills. The club operates a private waterfront facility, fostering social connections among its members and guests. Additionally, Venice Yacht Club Inc is committed to educating young people in the community about sailing and small boat handling, providing an avenue for individuals with shared interests to collaborate in their common pursuits.

Is Venice Yacht Club Inc legitimate?

Venice Yacht Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Venice 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: $161,089
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,286,277

For more financial information, click here

What is the mission statement of Venice Yacht Club Inc?

The Venice Yacht Club Inc's mission is centered around promoting the appropriate use and enjoyment of yachts and boats, while also educating its members in the intricacies of navigation, boat design, and sailing skills. The club aims to own and operate a private waterfront facility, fostering social interaction among its members and guests. Furthermore, Venice Yacht Club Inc is dedicated to encouraging the education of young people in the community, teaching them about navigation, sailing, and small boat handling. The organization provides an opportunity for individuals with shared interests to collaborate in pursuing these common objectives.

Who is the CEO of Venice Yacht Club Inc?

Bruce Furman is the General Manager of Venice Yacht Club Inc.

What is the revenue of Venice Yacht Club Inc?

Venice Yacht Club Inc's revenue in 2022 was $4,405,115.

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

There 35 volunteers at Venice Yacht Club Inc.


Here are 11 key members and their salaries:


Joe Terranova (Ex-Officio)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donna Boldt (Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Holic (Vice Commodore/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vince Pellicia (Rear Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terri Griffith (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Johnson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marty Mogford (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dan Morgan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wendy Barclay (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Linda Passantino (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bruce Furman (General Manager)
  • Compensation: $161,109
  • Related: $0
  • Other: $274
Where can I find the form 990 for Venice Yacht Club Inc?

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

Mission Statement of Venice Yacht Club Inc

Venice Yacht Club Inc is dedicated to encouraging the appropriate use and enjoyment of yachts and boats, while also assisting its members in improving their navigation, boat design, and sailing skills. The organization seeks to achieve this by owning and operating a private waterfront club, providing a platform for its members and guests to socialize. Furthermore, Venice Yacht Club Inc is committed to promoting education among young people in the community, teaching them the science of navigation, the art of sailing, and small boat handling. Lastly, the club offers an opportunity for individuals sharing these interests to collaborate in pursuing these common goals.

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Impact




October, 2024

Venice Yacht Club Inc plays a vital role in fostering a community around yachting and boating activities. By encouraging the proper use and enjoyment of boats, the club enhances the recreational opportunities available to its members. It serves as a hub for education in navigation, boat design, and sailing skills, ensuring that members are not only enjoying their activities but are also well-informed and skilled.

The club's waterfront facilities provide an ideal environment for social interaction, allowing members and guests to connect and share experiences related to yachting. This social communion strengthens community bonds and creates a vibrant atmosphere for those who are passionate about maritime pursuits.

Moreover, Venice Yacht Club Inc is committed to the education of youth in the community, promoting the science of navigation, sailing, and boat handling. By engaging younger generations in these activities, the club helps to instill a sense of responsibility and appreciation for maritime culture, ensuring the continuity of these skills and knowledge for future generations.

Overall, Venice Yacht Club Inc significantly enriches the local community by providing both recreational opportunities and educational resources that promote a love for sailing and boating.




This information is meant to be a general summary of Venice 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
$4,405,115 (2022)
Expenses
$3,457,849 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1,165
  • Program Service Revenue: $2,478,955
  • Gross Receipts: $5,879,413

Assets and Liabilities:

  • Total Assets: $5,922,417
  • Total Liabilities: $485,106
  • Net Assets: $5,437,311

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Programs

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

MEMBERSHIP DUES AND INITIATION FE

Revenue

$2,443,391

UNUSED MINIMUM CHARGE

Revenue

$35,564

Organization Details

Founding Year

1951

Principal Officer

Bruce Furman

Main Address

1330 TARPON CENTER DRIVE, VENICE, FL, 34285

NTEE Category

Code: N50 - Recreation

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