Overview
What is Hobe Sound Yacht Club?
The Hobe Sound Yacht Club, situated in Hobe Sound, Florida, functions as a nonprofit organization. Its primary objective is to offer dining facilities, serving as a social hub for its members. Members engage in various recreational activities within this setting, fostering a sense of community. The club employs a team of 60 individuals, ensuring a well-maintained and hospitable environment.
Is Hobe Sound Yacht Club legitimate?
Hobe Sound Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Hobe Sound 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: $1,011,612
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What is the mission statement of Hobe Sound Yacht Club?
The Hobe Sound Yacht Club is dedicated to offering dining facilities that serve as a platform for its members to socialize and participate in various recreational activities. Its mission is centered around fostering a sense of camaraderie and leisure among its members through these facilities. The club's purpose is to create an environment where members can unwind, interact, and engage in enjoyable pastimes.
What is the revenue of Hobe Sound Yacht Club?
Hobe Sound Yacht Club's revenue in 2024 was $2,060,371.
Who are the executives of Hobe Sound Yacht Club and what are their salaries?
The average compensation at Hobe Sound Yacht Club during 2024 was $17,442. There are 58 employees at Hobe Sound Yacht Club.
Here are 16 key members and their salaries:
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Where can I find the form 990 for Hobe Sound Yacht Club?
Hobe Sound Yacht Club's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Hobe Sound Yacht Club
Hobe Sound Yacht Club, as an organization, is committed to offering dining facilities that serve as a social hub for its members. The primary mission of this club is to foster an environment where members can interact and engage in a variety of recreational activities. This mission is embodied in the provision of dining facilities, which serve as the backdrop for these social and recreational experiences. The club's focus is on creating an atmosphere that encourages camaraderie and enjoyment among its members.
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Impact
October, 2024
Hobe Sound Yacht Club plays a significant role in the community by offering a welcoming venue where members can gather, socialize, and engage in various recreational activities. The club enhances the social fabric of Hobe Sound by fostering connections among residents and promoting camaraderie through its dining facilities. By creating a space dedicated to leisure and social interaction, the Yacht Club contributes to the overall quality of life in the area, making it a valuable asset for its members and the broader community.
This information is meant to be a general summary of Hobe Sound 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $35,151
- Program Service Revenue: $1,587,000
- Gross Receipts: $2,748,642
Assets and Liabilities:
- Total Assets: $1,574,720
- Total Liabilities: $71,169
- Net Assets: $1,503,551
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Membership dues
Revenue
$957,000
Initiation fees
Revenue
$630,000
Organization Details
Founding Year
1972
Principal Officer
Michael Brooks
NTEE Category
Code: N50 - Recreation
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