Fort Walton Yacht Club

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

EIN: 590677113 ✦ Fort walton beach, FL ✦ Designated as a 501(c)(7)

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Overview

What is Fort Walton Yacht Club?

The Fort Walton Yacht Club, situated in Fort Walton Beach, Florida, serves as a vibrant hub for boat enthusiasts. Led by John Hillsman, the club's primary objective is to foster and support various types of boating activities. It offers a delightful mix of entertainment, recreation, and a welcoming atmosphere for both its members and guests. The club provides an enjoyable setting where food and refreshments are available, making it a popular choice for social gatherings. In essence, the Fort Walton Yacht Club acts as a haven for those who share a passion for boating, offering a unique blend of leisure and community.

Is Fort Walton Yacht Club legitimate?

Fort Walton Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Fort Walton Yacht Club 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: $657,983

For more financial information, click here

What is the mission statement of Fort Walton Yacht Club?

The Fort Walton Yacht Club is dedicated to fostering and promoting various types of boating activities. It aims to offer a platform for entertainment, recreation, and socialization, providing food and refreshments, and serving as an enjoyable gathering spot for both its members and guests. The club's mission is centered around encouraging boating enthusiasts and offering them a pleasant environment for relaxation and interaction.

What is the revenue of Fort Walton Yacht Club?

Fort Walton Yacht Club's revenue in 2023 was $1,431,360.

Who are the executives of Fort Walton Yacht Club and what are their salaries?

The average compensation at Fort Walton Yacht Club during 2023 was $18,800. There are 35 employees at Fort Walton Yacht Club.

Here are 18 key members and their salaries:


John Hillsman (Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Vaughan (Vice Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Maureena Lysaght (Rear Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Taylor Vaughan (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Farris (Fleet Captain)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sheri Wight (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Semenov (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Julian Cook (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lou Richard (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Seaton (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kerrie Serpa (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Craig Wilusz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Fisher (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gina Gammick (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Jeter (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa Lethcoe (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carson Smith (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Craig Stoldt (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Fort Walton Yacht Club?

Fort Walton Yacht Club's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Fort Walton Yacht Club

The Fort Walton Yacht Club, in its mission, strives to foster and promote various types of boating activities. It goes beyond this by offering entertainment, recreational opportunities, and serving as a welcoming social hub for its members and guests. The club provides an enjoyable setting where members can relax, dine, and engage in a range of activities, making it more than just a boating club. The leadership of the club is entrusted to John Hillsman, ensuring the smooth operation of these activities and the overall enjoyment of its members.

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Impact




October, 2024

Fort Walton Yacht Club plays a significant role in enhancing the community's recreational landscape by promoting and encouraging boating activities of various kinds. Located in Fort Walton Beach, Florida, it serves as a vibrant hub for members and guests, offering a welcoming environment for social gatherings and events. The club provides a range of entertainment options, alongside food and refreshments, fostering a sense of community among boating enthusiasts and their families. Through its activities, Fort Walton Yacht Club not only supports the local economy but also enriches the quality of life for residents and visitors, making it a cornerstone of leisure and social interaction in the area.




This information is meant to be a general summary of Fort Walton Yacht Club. 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
$1,431,360 (2023)
Expenses
$1,364,204 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $24,890
  • Program Service Revenue: $1,010,337
  • Gross Receipts: $1,767,218

Assets and Liabilities:

  • Total Assets: $1,808,918
  • Total Liabilities: $27,608
  • Net Assets: $1,781,310

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Programs

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

MEMBERSHIP REVENUE

Revenue

$752,685

DOCK REVENUE

Revenue

$233,308

FLEET CAPTAIN REVENUE

Revenue

$24,344

Organization Details

Founding Year

1990

Principal Officer

John Hillsman

NTEE Category

Code: N03 - Recreation

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