Key Biscayne Yacht Club Inc

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

EIN: 590798689 ✦ Key biscayne, FL ✦ Designated as a 501(c)(7)

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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: $4,298,931

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

Who is the CEO of Key Biscayne Yacht Club Inc?

Luis F De La Cruz is the Commodore of Key Biscayne Yacht Club Inc.


Official website here: www.kbyc.org

What is the revenue of Key Biscayne Yacht Club Inc?

Key Biscayne Yacht Club Inc's revenue in 2022 was $8,707,921.


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 2022 was $16,992. There are 253 employees and 60 volunteers at Key Biscayne Yacht Club Inc.


Here are 22 key members and their salaries:


Luis F De La Cruz (Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Randolph Clark (Vice Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Javier J Rodriguez (Rear Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cristina Ciuro (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eduardo L Hernandez (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Allison Eng-Perez (Governor)
  • Compensation: $0
  • Related: $0
  • Other: $0
Barbara A Lamar (Governor)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jorge Llanso (Governor)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Bullard (Governor)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas C Mccormick (Governor)
  • Compensation: $0
  • Related: $0
  • Other: $0
Todd J Gross (Governor)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matt Pattulo (Governor)
  • Compensation: $0
  • Related: $0
  • Other: $0
Luis Felipe Porro (Governor)
  • Compensation: $0
  • Related: $0
  • Other: $0
Winnie Pritchett (Governor)
  • Compensation: $0
  • Related: $0
  • Other: $0
Aabad Melwani (Governor)
  • Compensation: $0
  • Related: $0
  • Other: $0
Enrique Dillon (Governor)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steven M Stollman (Governor (Past Commodore))
  • Compensation: $0
  • Related: $0
  • Other: $0
Darren Betz (General Manager)
  • Compensation: $268,695
  • Related: $0
  • Other: $8,688
Margarita Asciu (Controller)
  • Compensation: $104,175
  • Related: $0
  • Other: $11,699
Matthew Medrano (Executive Chief)
  • Compensation: $113,043
  • Related: $0
  • Other: $10,600
Juan Carlos Romero (Sailing Director)
  • Compensation: $118,915
  • Related: $0
  • Other: $7,566
Arienne Hadley (Clubhouse Manager)
  • Compensation: $100,668
  • Related: $0
  • Other: $5,860


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 2022 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.

Revenue
$8,707,921 (2022)
Expenses
$10,535,946 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $7,500
  • Program Service Revenue: $4,063,174
  • Gross Receipts: $11,559,514

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

$2,592,172

SAILING PROGRAM

Revenue

$701,859

OPERATING ASSESSMENT

Revenue

$691,288

TENNIS

Revenue

$51,386

YOUTH ACTIVITY

Revenue

$20,600

Organization Details

Founding Year

1955

Principal Officer

Luis F De La Cruz

Main Address

180 HARBOR DR, KEY BISCAYNE, FL, 331491304

NTEE Category

Code: N50 - Recreation

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