Overview
What is Commodore Yacht Club Inc?
Commodore Yacht Club Inc is a nonprofit organization that primarily caters to boat enthusiasts. Based on the provided information, it operates as a condo slip yachting club, offering boat slip rental and sales to its members. The club provides a shared dock area equipped with boating facilities, making it convenient for its members to utilize. Moreover, Commodore Yacht Club offers launching ramp services for members, ensuring an easy entry and exit of their boats. To accommodate its members, the club has a parking lot with approximately 63 regular and 204 ramp parking spaces. In addition to these facilities, the club also has a yacht club program specifically designed for its membership.
Is Commodore Yacht Club Inc legitimate?
Commodore Yacht Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Commodore 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: $49,561
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What is the mission statement of Commodore Yacht Club Inc?
The Commodore Yacht Club Inc serves its members by providing boat slip rental and sales, maintaining a common dock area with boating facilities, offering launching ramp services, and offering parking space for approximately 63 regular and 204 ramp members. Functioning as a condominium slip yachting club, it also offers a yacht club program for its membership. The club's mission essentially caters to the boating needs of its members, offering a comprehensive set of boating services and facilities.
What is the revenue of Commodore Yacht Club Inc?
Commodore Yacht Club Inc's revenue in 2024 was $415,677.
Who are the executives of Commodore Yacht Club Inc and what are their salaries?
The average compensation at Commodore Yacht Club Inc during 2024 was $7,080. There are 7 employees and 8 volunteers at Commodore Yacht Club Inc.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Commodore Yacht Club Inc?
Commodore Yacht Club Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Commodore Yacht Club Inc
Commodore Yacht Club Inc serves as a hub for boat enthusiasts, offering its members a variety of boating-related services. The primary mission of this organization is to rent and sell boat slips to its members, providing them with a sense of community and shared facilities. Beyond this, Commodore Yacht Club Inc also maintains a common dock area, equipped with essential boating facilities, ensuring its members have a convenient and secure place to store their vessels.
Additionally, the club offers launching ramp services, making it easier for members to navigate their boats in and out of the water. To accommodate a larger member base, Commodore Yacht Club Inc also has a parking lot, capable of accommodating approximately 63 regular and 204 ramp members. The club functions as a condo slip yachting club, offering its members a comprehensive yacht club program, fostering a sense of camaraderie and shared interests among its members.
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Impact
October, 2024
Commodore Yacht Club Inc significantly enhances the boating experience for its members by providing essential services and facilities that cater to the needs of recreational boaters. Through its boat slip rental and sales, members gain convenient access to dedicated spaces for their vessels, fostering a vibrant boating community. The common dock area and well-equipped boating facilities create an inviting atmosphere for both socializing and recreational activities on the water.
In addition to slip services, the club offers launching ramp services, enabling easy access for members to get their boats in and out of the water. This ease of launching is complemented by ample parking, accommodating approximately 63 regular and 204 ramp members, ensuring that boaters can enjoy their time on the water without the hassle of parking concerns.
By functioning as a condo slip yachting club, Commodore Yacht Club fosters a sense of ownership and belonging among its members, promoting engagement and camaraderie within the boating community. Overall, the club not only facilitates recreational boating but also enriches the lifestyle of its members, making it a valuable asset to the Bell Buckle, TN community.
This information is meant to be a general summary of Commodore 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: $6,941
- Program Service Revenue: $77,325
- Gross Receipts: $434,075
Assets and Liabilities:
- Total Assets: $1,315,215
- Total Liabilities: $116,772
- Net Assets: $1,198,443
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALES - NON MEMBERS
Revenue
$36,753
STORAGE, PARKING AND FEES
Revenue
$35,062
TRANSIENT INCOME & PUMP OUT
Revenue
$5,510
Organization Details
Founding Year
1971
Principal Officer
Steve Hawkins
NTEE Category
Code: N50 - Recreation
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