Overview
What is Key Biscayne Yacht Club Inc?
Key Biscayne Yacht Club Inc, situated in Key Biscayne, Florida, is a nonprofit organization with a primary objective of fostering social interaction among its members. The club achieves this by offering dining and recreational facilities, catering to both its members and their guests. With a sizable workforce of 253 individuals, Key Biscayne Yacht Club Inc is dedicated to providing an enjoyable environment for its members, promoting pleasure and relaxation as their common goal.
Official website here: www.kbyc.org
Is Key Biscayne Yacht Club Inc legitimate?
Key Biscayne Yacht Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Key Biscayne 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,126,894
For more financial information, click here
Official website here: www.kbyc.org
What is the mission statement of Key Biscayne Yacht Club Inc?
The Key Biscayne Yacht Club Inc, as a social club, has an exempt purpose of fostering camaraderie among its members. This is achieved by offering opportunities for social interaction, primarily through dining and recreational activities. The club serves as a hub, providing restaurant and dock facilities, catering to its members and their guests, thereby promoting leisure and pleasure.
Official website here: www.kbyc.org
What is the revenue of Key Biscayne Yacht Club Inc?
Key Biscayne Yacht Club Inc's revenue in 2024 was $12,271,886.
Official website here: www.kbyc.org
Who are the executives of Key Biscayne Yacht Club Inc and what are their salaries?
The average compensation at Key Biscayne Yacht Club Inc during 2024 was $23,846. There are 215 employees and 60 volunteers at Key Biscayne Yacht Club Inc.
Here are 24 key members and their salaries:
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- Compensation: $86,681
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- Compensation: $129,474
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- Other: $19,302
Official website here: www.kbyc.org
Where can I find the form 990 for Key Biscayne Yacht Club Inc?
Key Biscayne Yacht Club Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.kbyc.org
Learn more at the official website: www.kbyc.org
Mission Statement of Key Biscayne Yacht Club Inc
Key Biscayne Yacht Club Inc, as a social club, is dedicated to fostering camaraderie among its members by pursuing shared leisure and entertainment objectives. Its primary exempt purpose is to stimulate social interaction within the membership by offering dining and recreational activities. The club accomplishes this mission by providing restaurant and dock facilities that cater to its members and their guests, allowing them to engage in enjoyable social experiences.
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Impact
October, 2024
Key Biscayne Yacht Club Inc plays a significant role in fostering community and enhancing the recreational landscape of Key Biscayne, Florida. By providing restaurant and dock facilities, the club serves as a social hub where members and their guests can gather, socialize, and engage in various leisure activities. This environment promotes bonding among members through shared interests in boating and recreation, facilitating interpersonal connections and creating a sense of belonging.
The club's focus on social interaction and recreational activities enriches the local culture, offering opportunities for members to enjoy the waterfront and engage in maritime pursuits. By organizing events and activities, Key Biscayne Yacht Club Inc not only enhances the quality of life for its members but also contributes to the vibrant atmosphere of the community. In essence, the club serves as a vital institution that promotes pleasure, recreation, and camaraderie among its members, thereby positively impacting the broader community.
This information is meant to be a general summary of Key Biscayne 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $197,521
- Program Service Revenue: $5,369,775
- Gross Receipts: $15,453,929
Assets and Liabilities:
- Total Assets: $26,710,569
- Total Liabilities: $15,604,261
- Net Assets: $11,106,308
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$4,631,338
SAILING PROGRAM
Revenue
$638,498
TENNIS
Revenue
$66,215
MARINE
Revenue
$24,531
YOUTH ACTIVITY
Revenue
$9,193
Organization Details
Founding Year
1955
Principal Officer
Luis F De La Cruz
Website
www.kbyc.orgNTEE Category
Code: N50 - Recreation
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