Naples Sailing And Yacht Club

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

EIN: 596213933 ✦ Naples, FL ✦ Designated as a 501(c)(7)

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Overview

What is Naples Sailing And Yacht Club?

Naples Sailing and Yacht Club is a nonprofit organization situated in Naples, Florida. With a focus on fostering camaraderie among its members, the club offers dockage and engaging social activities, catering to approximately 400 individuals annually. Its primary objective is to promote pleasure and recreation, leading to enhanced social interactions among its members. The club achieves this by organizing dining and recreational activities, serving as a hub for its members to unwind and connect. With a staff of 59 employees, Naples Sailing and Yacht Club plays an essential role in enriching the social lives of its members.


Official website here: www.thensyc.com

Is Naples Sailing And Yacht Club legitimate?

Naples Sailing And Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Naples Sailing And 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: $761,737
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,754,273

For more financial information, click here


Official website here: www.thensyc.com

What is the mission statement of Naples Sailing And Yacht Club?

The Naples Sailing and Yacht Club, as a social club, has a mission to foster camaraderie among its members by offering enjoyable and recreational activities. Naples Sailing & Yacht Club, Inc. exists to encourage social interaction among its members through the provision of dining and recreational activities. During the year, the club catered to approximately 400 members, providing them with dockage and a variety of leisure activities.


Official website here: www.thensyc.com

Who is the CEO of Naples Sailing And Yacht Club?

Bob Leach is the Commodore of Naples Sailing And Yacht Club.


Official website here: www.thensyc.com

What is the revenue of Naples Sailing And Yacht Club?

Naples Sailing And Yacht Club's revenue in 2023 was $6,617,191.


Official website here: www.thensyc.com

Who are the executives of Naples Sailing And Yacht Club and what are their salaries?

The average compensation at Naples Sailing And Yacht Club during 2023 was $42,644. There are 59 employees and 22 volunteers at Naples Sailing And Yacht Club.


Here are 16 key members and their salaries:


Bob Leach (Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carol Joseph (Vice Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Manley (Rear Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Minch (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dean Lohman (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Arbaugh (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bob Hitt (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rick Rust (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Wedel (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Kutsch (Director/Co-Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Barbara Teaford (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Gage (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Manuel Blanco (General Manager)
  • Compensation: $318,363
  • Related: $0
  • Other: $18,708
Greg Bartels (Controller)
  • Compensation: $119,942
  • Related: $0
  • Other: $14,690
Michael Madsen (Head Chef)
  • Compensation: $193,622
  • Related: $0
  • Other: $15,923
Ann Marie Ashline (Director Of Membership)
  • Compensation: $163,905
  • Related: $0
  • Other: $0


Official website here: www.thensyc.com

Where can I find the form 990 for Naples Sailing And Yacht Club?

Naples Sailing And Yacht Club's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.thensyc.com

Learn more at the official website: www.thensyc.com

Mission Statement of Naples Sailing And Yacht Club

Naples Sailing and Yacht Club, a social organization, is dedicated to fostering a sense of camaraderie among its members by pursuing shared objectives centered around leisure and entertainment. The club's primary mission, as stated in its exempt purpose, is to encourage social interaction among its members through the provision of dining and recreational activities. By offering dockage and engaging in these activities, Naples Sailing and Yacht Club serves as a hub for its approximately 400 members, providing them with a platform to connect and enjoy shared experiences.

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Impact




October, 2024

Naples Sailing and Yacht Club has a significant impact on its community by fostering social interaction and providing recreational opportunities for its members. By offering dockage and a range of social activities, the club effectively bonds approximately 400 members through shared experiences centered around pleasure and recreation. This not only enhances the members' quality of life but also creates a vibrant community where friendships are formed and strengthened. Through dining options and organized recreational activities, the club plays a pivotal role in promoting a culture of leisure and camaraderie in Naples, Florida, enriching both the lives of its members and the local community.




This information is meant to be a general summary of Naples Sailing And 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
$6,617,191 (2023)
Expenses
$5,104,344 (2023)
Efficiency

Other financial information:

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

  • Investment Income: -$108,978
  • Program Service Revenue: $3,119,025
  • Gross Receipts: $7,639,109

Assets and Liabilities:

  • Total Assets: $11,479,867
  • Total Liabilities: $4,220,282
  • Net Assets: $7,259,585

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Programs

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

MEMBER DUES

Revenue

$1,900,935

DOCKAGE AND SERVICE FEES

Revenue

$828,221

SERVICE CHARGES

Revenue

$389,869

Organization Details

Founding Year

1965

Principal Officer

Bob Leach

Main Address

896 RIVER POINT DRIVE, NAPLES, FL, 34102

NTEE Category

Code: N50 - Recreation

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