Overview
What is Fairhope Yacht Club?
The Fairhope Yacht Club, situated in Fairhope, Alabama, is a distinguished nonprofit organization with a strong commitment to the sport of yachting. With a membership of over 400 enthusiasts, they offer sailing and powerboat slips, a boat ramp, and a hoist, creating an inclusive environment for their members. The club's primary mission is to promote and foster yachting activities, encompassing sailing races, power boating, and cruising. Beyond these sporting pursuits, the Fairhope Yacht Club also prioritizes fellowship among its members, advocating for sportsmanship and general boating safety. Their activities are housed in a PO Box with an address in Fairhope, AL. The club is led by a dedicated team of 54 employees.
Official website here: www.fairhopeyachtclub.com
Is Fairhope Yacht Club legitimate?
Fairhope Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Fairhope 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: $287,889
Professional Fundraising Fees: $0
Other Salaries and Wages: $547,753
For more financial information, click here
Official website here: www.fairhopeyachtclub.com
What is the mission statement of Fairhope Yacht Club?
The Fairhope Yacht Club's mission is centered around supporting and fostering the sport of yachting, encompassing various activities such as sailing, racing, power boating, and cruising. One of its primary objectives is to promote camaraderie among its members. Additionally, the club emphasizes the importance of sportsmanship and prioritizes boating safety. It offers harbor slips for sailing and power boats, along with a boat ramp and a hoist, catering to over 400 involved members.
Official website here: www.fairhopeyachtclub.com
What is the revenue of Fairhope Yacht Club?
Fairhope Yacht Club's revenue in 2023 was $2,246,405.
Official website here: www.fairhopeyachtclub.com
Who are the executives of Fairhope Yacht Club and what are their salaries?
The average compensation at Fairhope Yacht Club during 2023 was $10,068. There are 83 employees and 150 volunteers at Fairhope Yacht Club.
Here are 10 key members and their salaries:
- Compensation: $55,689
- Related: $0
- Other: $0
- Compensation: $90,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.fairhopeyachtclub.com
Where can I find the form 990 for Fairhope Yacht Club?
Fairhope Yacht Club's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.fairhopeyachtclub.com
Learn more at the official website: www.fairhopeyachtclub.com
Mission Statement of Fairhope Yacht Club
The Fairhope Yacht Club, as an organization, is dedicated to fostering and promoting the sport of yachting. This encompasses various activities such as sailing, racing, and cruising. Beyond just promoting the sport, the club aims to cultivate camaraderie among its members. This is achieved through fostering good fellowship, encouraging sportsmanship, and emphasizing general boating safety. The club's mission is not confined to the sport alone; it extends to the broader aspect of boating, ensuring the safety of its members and others involved in the activity. The Fairhope Yacht Club provides a platform for its 400+ members, offering harbor slips for both sailing and power boats, as well as a boat ramp and a hoist. This comprehensive infrastructure serves to support and enhance the yachting experience for its members.
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Impact
October, 2024
Fairhope Yacht Club significantly enhances the local community by promoting the sport of yachting, including sailing, racing, power boating, and cruising. With over 400 engaged members, the club fosters a vibrant community focused on boating and sailing activities. Its facilities, such as harbor slips, a boat ramp, and hoists, provide essential support for boating enthusiasts, encouraging participation in various maritime activities.
The club plays a crucial role in cultivating good fellowship among its members, facilitating connections that strengthen community bonds. By prioritizing sportsmanship and boating safety, Fairhope Yacht Club not only enhances the skills of its members but also contributes to creating a safer boating environment for all. This focus on recreation and shared experiences enriches the lifestyle of residents in Fairhope, Alabama, while also attracting visitors to the area.
This information is meant to be a general summary of Fairhope 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $20,376
- Program Service Revenue: $303,040
- Gross Receipts: $2,739,038
Assets and Liabilities:
- Total Assets: $6,893,527
- Total Liabilities: $5,146,302
- Net Assets: $1,747,225
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Harbor
Revenue
$173,410
Race and Regatta
Revenue
$30,920
FYC & High School Sailing
Revenue
$94,335
Mainsheet
Revenue
$4,375
Program 5
Revenue
$0
Organization Details
Founding Year
1944
Principal Officer
David Willits
Website
www.fairhopeyachtclub.comNTEE Category
Code: N50 - Recreation
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