Overview
What is Fort Loudoun Yacht Club Inc?
Fort Loudoun Yacht Club Inc, located in Knoxville, Tennessee, serves as a nonprofit organization that offers a conducive environment for its members, combining boating activities with social services. Their primary mission is to foster a sense of camaraderie among members while emphasizing the importance of safety in boating and water activities. With a dedicated workforce of nine individuals, they strive to continually promote safe boating practices within their community.
Official website here: www.flyc.net
Is Fort Loudoun Yacht Club Inc legitimate?
Fort Loudoun Yacht Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Fort Loudoun 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: $172,738
For more financial information, click here
Official website here: www.flyc.net
What is the mission statement of Fort Loudoun Yacht Club Inc?
The mission of Fort Loudoun Yacht Club Inc, in essence, is centered around serving its membership. Specifically, the club aims to offer both boating and social services to its members. Beyond this, it seeks to foster a secure environment for such activities, continually advocating for safe boating and water activities. The club's mission is therefore to provide a platform for its members to engage in boating and social activities in a safe and enjoyable manner.
Official website here: www.flyc.net
What is the revenue of Fort Loudoun Yacht Club Inc?
Fort Loudoun Yacht Club Inc's revenue in 2023 was $676,818.
Official website here: www.flyc.net
Who are the executives of Fort Loudoun Yacht Club Inc and what are their salaries?
The average compensation at Fort Loudoun Yacht Club Inc during 2023 was $15,703. There are 11 employees at Fort Loudoun Yacht Club Inc.
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Official website here: www.flyc.net
Where can I find the form 990 for Fort Loudoun Yacht Club Inc?
Fort Loudoun Yacht Club Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.flyc.net
Learn more at the official website: www.flyc.net
Mission Statement of Fort Loudoun Yacht Club Inc
Fort Loudoun Yacht Club Inc is dedicated to serving its members by offering both boating and social experiences. Their mission, in essence, is to create an atmosphere where members can enjoy water activities while emphasizing safety awareness. This nonprofit organization works tirelessly to promote safe boating practices and activities, ensuring the well-being of its members.
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Impact
October, 2024
Fort Loudoun Yacht Club Inc plays a vital role in the Knoxville community by fostering a safe and enjoyable boating environment. Through its commitment to boating and social services, the club enhances the recreational opportunities available to its members while promoting safety awareness in water activities. By organizing events and educational programs, it encourages responsible boating practices and facilitates social connections among members. This not only enriches the boating culture in the area but also strengthens community ties, making Knoxville a more vibrant place for water enthusiasts. The club's efforts contribute significantly to the local recreation landscape, ensuring that boating remains a safe and accessible pastime for all its members.
This information is meant to be a general summary of Fort Loudoun 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 2023.
- Investment Income: $6,086
- Program Service Revenue: $625,907
- Gross Receipts: $901,486
Assets and Liabilities:
- Total Assets: $1,568,005
- Total Liabilities: $94,345
- Net Assets: $1,473,660
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Member Dues
Revenue
$339,123
Boat Slips & Other
Revenue
$174,732
Capital Improvements
Revenue
$33,900
Initiation Fees
Revenue
$68,500
Other Program Income
Revenue
$9,652
Organization Details
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