Coral Reef Yacht Club

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

EIN: 590776439 ✦ Miami, FL ✦ Designated as a 501(c)(7)

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Overview

What is Coral Reef Yacht Club?

Coral Reef Yacht Club is a nonprofit organization situated in Miami, Florida. Established with the aim of fostering camaraderie among its members, the club fulfills this objective through pleasurable and recreational activities. The club offers dining and recreational facilities to its members and their guests, ensuring an engaging social experience. With a team of 139 employees, Coral Reef Yacht Club is committed to enhancing its members' leisure time, ultimately strengthening their social bonds.


Official website here: www.coralreefyachtclub.org

Is Coral Reef Yacht Club legitimate?

Coral Reef Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Coral Reef 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: $3,376,815

For more financial information, click here


Official website here: www.coralreefyachtclub.org

What is the mission statement of Coral Reef Yacht Club?

The Coral Reef Yacht Club's mission is centered around fostering camaraderie among its members. This is achieved through an objective that focuses on pleasure and recreation. As a social club, it strives to enhance social interaction among its members by offering dining and recreational activities. The club provides its members and their guests with restaurant and dock facilities, serving as a hub for leisure and social engagement.


Official website here: www.coralreefyachtclub.org

Who is the CEO of Coral Reef Yacht Club?

Jim Van Buren is the General Manager of Coral Reef Yacht Club.


Official website here: www.coralreefyachtclub.org

What is the revenue of Coral Reef Yacht Club?

Coral Reef Yacht Club's revenue in 2022 was $7,183,008.


Official website here: www.coralreefyachtclub.org

Who are the executives of Coral Reef Yacht Club and what are their salaries?

The average compensation at Coral Reef Yacht Club during 2022 was $24,294. There are 139 employees and 19 volunteers at Coral Reef Yacht Club.


Here are 21 key members and their salaries:


Peter Baumberger (Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Owens (Vice Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Tuttle (Rear Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Neal Mcaliley (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephan Medina (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Hartenstein (Fleet Captain)
  • Compensation: $0
  • Related: $0
  • Other: $0
Horst Baier (Fleet Surgeon)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Brill (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Russell Dunn (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Denie Harris (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jaime Ramon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sharon Bourke (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Cusack (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill Harvey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jonah Pruitt (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Block (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tait Keon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Billy Rieder (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Wood (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Van Buren (General Manager)
  • Compensation: $312,563
  • Related: $0
  • Other: $28,960
Paul Scheller (Controller)
  • Compensation: $113,821
  • Related: $0
  • Other: $11,715


Official website here: www.coralreefyachtclub.org

Where can I find the form 990 for Coral Reef Yacht Club?

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


Official website here: www.coralreefyachtclub.org

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

Mission Statement of Coral Reef Yacht Club

Coral Reef Yacht Club, a social club, is dedicated to fostering camaraderie among its members by pursuing shared objectives centered around pleasure and recreation. Its primary objective is to encourage social interaction among its members, and it accomplishes this by offering dining and recreational activities. The club provides its members with restaurant and dock facilities, catering to their leisurely needs and preferences. In essence, Coral Reef Yacht Club serves as a hub for its members to engage, socialize, and unwind in a relaxing atmosphere.

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Impact




October, 2024

Coral Reef Yacht Club fosters community engagement and social interaction among its members through a shared focus on pleasure and recreation. By offering restaurant and dock facilities, it creates a welcoming environment where members can gather, enjoy meals, and participate in recreational activities. This emphasis on social connectivity not only enhances the member experience but also strengthens the bonds within the community in Miami, promoting a vibrant social scene centered around shared interests and leisure activities. The club’s activities contribute positively to the local culture, encouraging a lifestyle that values outdoor recreation and camaraderie.




This information is meant to be a general summary of Coral Reef 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
$7,183,008 (2022)
Expenses
$8,080,984 (2022)
Efficiency

Other financial information:

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

  • Investment Income: -$9,741
  • Program Service Revenue: $5,195,993
  • Gross Receipts: $8,591,838

Assets and Liabilities:

  • Total Assets: $14,994,662
  • Total Liabilities: $4,986,330
  • Net Assets: $10,008,332

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Programs

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

MEMBER DUES

Revenue

$3,075,117

YOUTH SAILING

Revenue

$1,051,571

BOAT STORAGE FEES

Revenue

$708,786

SECURITY OPERATION

Revenue

$293,275

RACES

Revenue

$52,150

Organization Details

Founding Year

1955

Principal Officer

Jim Van Buren

Main Address

2484 SOUTH BAYSHORE DRIVE, MIAMI, FL, 33133

NTEE Category

Code: N50 - Recreation

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