Palma Sola Bay Yacht Club Inc

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

EIN: 591082918 ✦ Bradenton, FL ✦ Designated as a 501(c)(7)

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Overview

What is Palma Sola Bay Yacht Club Inc?

Palma Sola Bay Yacht Club Inc is a social club based in Bradenton, Florida, primarily serving yachting enthusiasts. The club's primary objectives include fostering camaraderie among its members and contributing to the upkeep and enhancement of the local park, boat docks, and boat basin. This is achieved through membership fees and income generated from dock rentals. By being a part of Palma Sola Bay Yacht Club, members not only engage in yachting-related activities but also contribute to the community's aesthetics and infrastructure, making it an attractive hub for yachting enthusiasts.

Is Palma Sola Bay Yacht Club Inc legitimate?

Palma Sola Bay Yacht Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Palma Sola Bay Yacht Club Inc submitted a form 990EZ, 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.

What is the mission statement of Palma Sola Bay Yacht Club Inc?

The Palma Sola Bay Yacht Club Inc serves as a social hub for individuals with a passion for yachting. Its mission is to foster camaraderie amongst its members and contribute to the upkeep and enhancement of local facilities such as parks, boat docks, and boat basins. This is achieved through the collection of membership dues and income derived from dock rentals. As a social club, it provides a platform for its members to interact and share their shared interest in yachting.

Who is the CEO of Palma Sola Bay Yacht Club Inc?

Renee' Healey is the Treasurer of Palma Sola Bay Yacht Club Inc.

What is the revenue of Palma Sola Bay Yacht Club Inc?

Palma Sola Bay Yacht Club Inc's revenue in 2023 was $80,798.

Who are the executives of Palma Sola Bay Yacht Club Inc and what are their salaries?


Here are 6 key members and their salaries:


Robert Balais (Vice Commodo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dee Hailey (Rear Commodo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Renee' Healey (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lori Richie (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joyce Delacour (Fleet Captai)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wayne Harris (Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Palma Sola Bay Yacht Club Inc?

Palma Sola Bay Yacht Club Inc's most recent form 990EZ was submitted in 2023 and can be accessed here.

Mission Statement of Palma Sola Bay Yacht Club Inc

Palma Sola Bay Yacht Club, as a social organization, brings together individuals with a passion for yachting. Its primary mission is to foster camaraderie among its members while contributing to the upkeep and enhancement of the local park, boat docks, and boat basin. This is accomplished through the collection of membership dues and income generated from dock rentals. The club's mission is centered around promoting yachting interests while simultaneously investing in the community's shared spaces.

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Impact




October, 2024

Palma Sola Bay Yacht Club Inc fosters a vibrant community of yachting enthusiasts in Bradenton, FL, providing a space for individuals to connect and share their passion for boating. The club plays a significant role in the maintenance and beautification of local parks, boat docks, and the boat basin, enhancing the overall aesthetic and usability of the area's recreational facilities. Through membership dues and dock rental income, the yacht club not only sustains its operations but also contributes to improvements that benefit the wider community. By promoting social interaction and environmental stewardship, Palma Sola Bay Yacht Club strengthens community ties and enhances the recreational opportunities available in the region.




This information is meant to be a general summary of Palma Sola Bay 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
$80,798 (2023)
Expenses
$73,714 (2023)
Efficiency

Other financial information:

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

  • Program Service Revenue: $1,605
  • Gross Receipts: $80,798

Assets and Liabilities:

  • Total Assets: $134,547
  • Total Liabilities: $0
  • Net Assets: $134,547

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Organization Details

Principal Officer

Renee' Healey

Main Address

PO BOX 14022, BRADENTON, FL, 34280

NTEE Category

Code: N50 - Recreation

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