Overview
What is Pacific Cup Yacht Club?
The Pacific Cup Yacht Club, based in San Francisco, California, is a nonprofit organization primarily known for organizing a sailboat race every other year in even-numbered years. This epic event takes sailors from San Francisco Bay to the enchanting Hawaiian Islands. The 21st edition of this race was a triumph, with a higher than usual turnout due to the postponement of the previous cycle due to the COVID-19 pandemic. The club's headquarters can be found at 315 Avila Street, San Francisco.
Is Pacific Cup Yacht Club legitimate?
Pacific Cup Yacht Club is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pacific Cup 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.
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What is the mission statement of Pacific Cup Yacht Club?
The Pacific Cup Yacht Club's primary mission is centered around conducting a sailboat race, taking place every other year in even-numbered years. This race spans across San Francisco Bay and extends to the Hawaiian Islands. The club's primary activity is to organize and manage this challenging yet exciting event. In the recent 21st edition, the race saw a higher than usual participation due to the postponement of the previous cycle.
Who is the CEO of Pacific Cup Yacht Club?
Eric Tecza is the President of Pacific Cup Yacht Club.
What is the revenue of Pacific Cup Yacht Club?
Pacific Cup Yacht Club's revenue in 2022 was $266,148.
Who are the executives of Pacific Cup Yacht Club and what are their salaries?
There 13 volunteers at Pacific Cup Yacht Club.
Here are 13 key members and their salaries:
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Where can I find the form 990 for Pacific Cup Yacht Club?
Pacific Cup Yacht Club's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Pacific Cup Yacht Club
The Pacific Cup Yacht Club, an esteemed organization, is dedicated to orchestrating a sailboat race every other year in the even-numbered years. This race spans the vast expanse of San Francisco Bay and extends all the way to the enchanting Hawaiian Islands. Their primary mission is to facilitate this challenging yet exhilarating maritime event, serving as a testament to the spirit of competition and camaraderie among sailors. The club's endeavors in conducting this race have resulted in a significant number of participants, with the 21st edition of the race being a notable success, despite the challenges posed by the COVID-19 pandemic. The pent-up demand from the previous race's cancellation led to a higher-than-average turnout of boats in the event.
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Impact
October, 2024
The Pacific Cup Yacht Club significantly enriches the sailing community and the regions it connects. By organizing a biennial sailboat race from San Francisco Bay to the Hawaiian Islands, it fosters a love for sailing and camaraderie among participants. The recent 21st running of the race, held after a hiatus due to COVID-19, saw an increased number of competitors due to pent-up demand, highlighting its popularity and the excitement it generates.
This event not only promotes recreational sailing but also stimulates local economies through increased tourism, as participants and their supporters visit San Francisco and Hawaii. The race brings together sailing enthusiasts, encouraging networking and sharing of experiences while also enhancing the visibility of sailing as a sport. Overall, the Pacific Cup Yacht Club serves as a vital catalyst for communal engagement and the promotion of sailing as a thrilling and adventurous pastime.
This information is meant to be a general summary of Pacific Cup 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 2022.
- Investment Income: $22
- Program Service Revenue: $235,183
- Gross Receipts: $266,148
Assets and Liabilities:
- Total Assets: $148,169
- Total Liabilities: $4,709
- Net Assets: $143,460
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Container Shipping
Revenue
$12,200
Events
Revenue
$67,445
Race Entry Fees
Revenue
$121,283
Seminars
Revenue
$34,255
Organization Details
Founding Year
1987
Phone
(440) 670-0448Principal Officer
Eric Tecza
Main Address
315 Avila St, San Francisco, CA, 94123
NTEE Category
Code: N99 - Recreation
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