Privateer Yacht Club

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

EIN: 626007575 ✦ Hixson, TN ✦ Designated as a 501(c)(7)

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Overview

What is Privateer Yacht Club?

The Privateer Yacht Club, located in Hixson, Tennessee, serves as a hub for sailing and watersports enthusiasts in the Tennessee Valley Lakes area. As a nonprofit organization, it hosts a series of successful regattas annually, fostering an atmosphere of athletic pursuits on and near the water. The club's mission is to promote sailing, watersports, and athletic endeavors within this region.


Official website here: www.privateeryachtclub.org

Is Privateer Yacht Club legitimate?

Privateer Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Privateer 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.privateeryachtclub.org

What is the mission statement of Privateer Yacht Club?

The Privateer Yacht Club's mission is centered around promoting sailing, watersports, and athletic pursuits within the vicinity of the Tennessee Valley Lakes. This mission is carried out through various endeavors aimed at fostering these activities. The club is known for organizing a series of successful regattas annually.


Official website here: www.privateeryachtclub.org

Who is the CEO of Privateer Yacht Club?

Tina Marx is the Past Commodore of Privateer Yacht Club.


Official website here: www.privateeryachtclub.org

What is the revenue of Privateer Yacht Club?

Privateer Yacht Club's revenue in 2022 was $196,282.


Official website here: www.privateeryachtclub.org

Who are the executives of Privateer Yacht Club and what are their salaries?

There 75 volunteers at Privateer Yacht Club.


Here are 11 key members and their salaries:


Tom Clark (Past Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Frank Hughes (Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Orenda Gregory (Vice Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill Robertson (Rear Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tina Marx (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill Jenkins (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Katie Landers (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lynn Bruss (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Mentgen (Dockmaster)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ed Craig (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ryan Elverd (Webmaster)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.privateeryachtclub.org

Where can I find the form 990 for Privateer Yacht Club?

Privateer Yacht Club's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.privateeryachtclub.org

Learn more at the official website: www.privateeryachtclub.org

Mission Statement of Privateer Yacht Club

The Privateer Yacht Club is dedicated to fostering sailing, watersports, and athletic pursuits in the vicinity of the Tennessee Valley Lakes. Their mission is to encourage and support these activities, promoting an active and engaging environment for individuals interested in watersports and athletics. Through various events and initiatives, the club aims to provide opportunities for individuals to engage in these activities, fostering a sense of community and camaraderie. The Privateer Yacht Club is renowned for hosting several successful regattas annually, showcasing their commitment to promoting these activities and providing a platform for enthusiasts to showcase their skills.

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Impact




October, 2024

Privateer Yacht Club significantly enhances the local community's engagement with sailing and watersports in the Tennessee Valley lakes region. By hosting several successful regattas throughout the year, the club fosters a vibrant sailing culture that attracts both seasoned sailors and newcomers. This not only promotes athletic endeavors but also encourages recreational activities that benefit physical health and community involvement.

The club serves as a hub for enthusiasts, offering opportunities for skill development, competition, and social networking. Through its activities, Privateer Yacht Club enriches the local economy by drawing participants and spectators to Hixson, TN, thereby boosting local businesses and tourism. Ultimately, the club plays a pivotal role in cultivating a sense of community and connection among individuals who share a passion for sailing and watersports.




This information is meant to be a general summary of Privateer 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
$196,282 (2022)
Expenses
$195,505 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $21
  • Program Service Revenue: $52,663
  • Gross Receipts: $196,282

Assets and Liabilities:

  • Total Assets: $828,711
  • Total Liabilities: $33,466
  • Net Assets: $795,245

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Programs

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

DOCK SAILING MISC

Revenue

$39,655

REGATTA

Revenue

$6,154

CABIN RENT

Revenue

$6,854

Organization Details

Founding Year

1940

Principal Officer

Tina Marx

Main Address

PO BOX 1041, HIXSON, TN, 37343

NTEE Category

Code: N03 - Recreation

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