Southern Yacht Club Of New Orleans

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

EIN: 720323180 ✦ New orleans, LA ✦ Designated as a 501(c)(7)

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Overview

What is Southern Yacht Club Of New Orleans?

The Southern Yacht Club of New Orleans is a nonprofit organization, situated at 105 NORTH ROADWAY STREET in New Orleans, Louisiana. Its primary focus is on promoting sailing as a sport, offering its facilities to members for social interaction. The club plays a significant role in fostering an interest in sailing by providing storage and maintenance services for boats and sailing equipment. Moreover, it offers instruction in the art of sailing and racing, organizing regattas and events to encourage participation. The club's clubhouse serves as a hub for social activities, further enriching the sailing experience. With a workforce of 127 individuals, the Southern Yacht Club of New Orleans continues to inspire and support its members in the world of sailing.


Official website here: www.southernyachtclub.org

Is Southern Yacht Club Of New Orleans legitimate?

Southern Yacht Club Of New Orleans is a legitimate nonprofit organization registered as a 501(c)(7) entity. Southern Yacht Club Of New Orleans 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: $206,047
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.southernyachtclub.org

What is the mission statement of Southern Yacht Club Of New Orleans?

The Southern Yacht Club of New Orleans is dedicated to promoting the sport of sailing. It achieves this mission by offering facilities for storing and maintaining boats and sailing equipment. The club also provides instruction in the science of sailing and racing, encouraging participation in the sport through sponsored regattas and events. Furthermore, the clubhouse facilities are utilized to foster social interaction among its members.


Official website here: www.southernyachtclub.org

Who is the CEO of Southern Yacht Club Of New Orleans?

Ed Gaskell is the Commodore of Southern Yacht Club Of New Orleans.


Official website here: www.southernyachtclub.org

What is the revenue of Southern Yacht Club Of New Orleans?

Southern Yacht Club Of New Orleans's revenue in 2021 was $4,821,937.


Official website here: www.southernyachtclub.org

Who are the executives of Southern Yacht Club Of New Orleans and what are their salaries?

The average compensation at Southern Yacht Club Of New Orleans during 2021 was $1,622. There are 127 employees at Southern Yacht Club Of New Orleans.


Here are 13 key members and their salaries:


Dickie Provensal (Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Duff Friend (Vice Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Molony (Rear Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rocky Sanchez (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bob Kottler (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mamsie Manard (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Harry Barkerding (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christian Gambel (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bob Hughes (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Alfortish (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nathan Adams (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dan Sullivan (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edward Gaskell Iii (General Manager)
  • Compensation: $206,047
  • Related: $0
  • Other: $0


Official website here: www.southernyachtclub.org

Where can I find the form 990 for Southern Yacht Club Of New Orleans?

Southern Yacht Club Of New Orleans's most recent form 990 was submitted in 2021 and can be accessed here.


Official website here: www.southernyachtclub.org

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

Mission Statement of Southern Yacht Club Of New Orleans

The Southern Yacht Club of New Orleans is dedicated to fostering the sport of sailing. Achieving this mission, the club offers facilities for members to store and maintain their boats and sailing equipment. Moreover, it provides instruction in the art of sailing and racing, encouraging participation in this nautical activity. In addition to these services, the club sponsors regattas and events to further engage members in sailing. Furthermore, the clubhouse facilities of the Southern Yacht Club of New Orleans serve as a platform to encourage social interaction among its members.

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Impact




October, 2024

The Southern Yacht Club of New Orleans significantly impacts the community by promoting the sport of sailing and fostering a vibrant social atmosphere among its members. By providing top-notch facilities for storing and maintaining boats and boating equipment, it encourages active participation in sailing. The club offers comprehensive sailing and racing instruction, making the sport more accessible to individuals of all skill levels. Additionally, it sponsors regattas and various events that motivate both seasoned sailors and newcomers, thereby enhancing interest and involvement in sailing. The clubhouse serves as a crucial venue for social interaction, fostering a sense of community and camaraderie among members, which strengthens relationships and connections within the local area. Overall, the Southern Yacht Club plays a vital role in promoting recreational activities and enriching the cultural fabric of New Orleans.




This information is meant to be a general summary of Southern Yacht Club Of New Orleans. 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
$4,821,937 (2021)
Expenses
$4,370,817 (2021)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Investment Income: $6,645
  • Program Service Revenue: $1,336,814
  • Gross Receipts: $5,415,931

Assets and Liabilities:

  • Total Assets: $13,645,029
  • Total Liabilities: $1,826,367
  • Net Assets: $11,818,662

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Programs

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

INITIATION FEES

Revenue

$540,017

CAMPS AND CLINICS

Revenue

$384,391

REGATTAS

Revenue

$379,678

FITNESS CENTER

Revenue

$24,003

ASSESSMENT INCOME

Revenue

$7,574

Organization Details

Founding Year

1849

Principal Officer

Ed Gaskell

Main Address

105 NORTH ROADWAY STREET, NEW ORLEANS, LA, 70124

NTEE Category

Code: N03 - Recreation

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