Overview
What is Richmond Yacht Club Foundation?
The Richmond Yacht Club Foundation, located at 351 Brickyard Cove Road, Point Richmond, CA 94801, is a nonprofit organization dedicated to supporting and promoting amateur national and international yacht racing. Their mission involves aiding in the training of aspiring yachtsmen and yachtswomen, preparing them for competition participation. The foundation also plays a role in fostering public interest and providing assistance in this field. Their primary activity is to offer funding for the training and aid of approximately 30 sailors, thereby contributing to the growth and development of yacht racing.
Official website here: www.richmondyc.org/ryc-foundation/about
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating.
The Richmond Yacht Club Foundation has received a solid rating of 76%, indicating a good level of accountability and financial health. The organization boasts an impressive score of 100% for having a fully independent board and zero material diversion of assets, which speaks to its strong governance. Additionally, the program expense ratio is high at 98.92%, suggesting that the majority of its funds are directed towards its charitable programs.
However, the foundation does have some areas of improvement. Notably, it lacks a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, all of which are important for organizational transparency. While the foundation has made strides in areas such as board independence and financial management, addressing these policy gaps could enhance its overall accountability and public trust.
In summary, the Richmond Yacht Club Foundation demonstrates a commitment to its mission through effective use of its resources, but implementing critical governance policies could further strengthen its operations and reputation in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Richmond Yacht Club Foundation legitimate?
Richmond Yacht Club Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Richmond Yacht Club Foundation 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.richmondyc.org/ryc-foundation/about
What is the mission statement of Richmond Yacht Club Foundation?
The Richmond Yacht Club Foundation's mission is centered around fostering and promoting amateur national and international yacht racing. They aim to accomplish this by providing assistance and training for aspiring yachtsmen and women, preparing them for competitive events. Additionally, the foundation works towards fostering public interest in yachting. As part of its objectives, the foundation provides funding for the training and assistance of approximately 30 sailors.
Official website here: www.richmondyc.org/ryc-foundation/about
Who is the CEO of Richmond Yacht Club Foundation?
Hill Blackett Iii is the President/Director of Richmond Yacht Club Foundation.
Official website here: www.richmondyc.org/ryc-foundation/about
What is the revenue of Richmond Yacht Club Foundation?
Richmond Yacht Club Foundation's revenue in 2022 was $162,448.
Official website here: www.richmondyc.org/ryc-foundation/about
Who are the executives of Richmond Yacht Club Foundation and what are their salaries?
There 11 volunteers at Richmond Yacht Club Foundation.
Here are 9 key members and their salaries:
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Official website here: www.richmondyc.org/ryc-foundation/about
Where can I find the form 990 for Richmond Yacht Club Foundation?
Richmond Yacht Club Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.richmondyc.org/ryc-foundation/about
Learn more at the official website: www.richmondyc.org/ryc-foundation/about
Mission Statement of Richmond Yacht Club Foundation
The Richmond Yacht Club Foundation is dedicated to fostering amateur national and international yacht racing. They accomplish this by providing assistance and aiding in the training of aspiring yachtsmen and yachtswomen for competition participation. Furthermore, the foundation plays a significant role in promoting public interest in this field. To achieve these objectives, the Richmond Yacht Club Foundation offers funding for the training and assistance of approximately 30 sailors.
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Impact
October, 2024
The Richmond Yacht Club Foundation has a significant impact on the development of amateur yacht racing at both national and international levels. By providing funding and training opportunities for approximately 30 sailors, it actively fosters the skills and preparedness necessary for participants to compete successfully in various competitions. The foundation's commitment to promoting public interest in the sport encourages community engagement and awareness of yacht racing, helping to nurture a new generation of sailors. This focus on training not only enhances individual capabilities but also strengthens the overall competitive landscape of sailing, ensuring a vibrant future for the sport.
This information is meant to be a general summary of Richmond Yacht Club Foundation. 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: $58,055
- Program Service Revenue: $6,322
- Gross Receipts: $201,625
Assets and Liabilities:
- Total Assets: $1,634,776
- Total Liabilities: $0
- Net Assets: $1,634,776
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GEAR INCOME
Revenue
$6,322
Organization Details
Founding Year
1989
Phone
(510) 331-7899Principal Officer
Hill Blackett Iii
Main Address
351 BRICKYARD COVE ROAD, POINT RICHMOND, CA, 94801
NTEE Category
Code: N67 - Recreation
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