Overview
What is Lake Arthur Yacht Club Inc?
Lake Arthur Yacht Club Inc, established in 1968, is a 501(c)(7) nonprofit situated in Lake Arthur, Louisiana. With a recent annual revenue of $74,349, this organization operates without any employees. The club's primary activities and mission details are not explicitly provided in the information, but it falls under the category of social and recreational clubs, as indicated by the 501(c)(7) status. While the specific activities and objectives of Lake Arthur Yacht Club Inc remain undefined, its existence as a nonprofit community organization in Lake Arthur is established.
Is Lake Arthur Yacht Club Inc legitimate?
Lake Arthur Yacht Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Lake Arthur Yacht Club Inc 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: $6,990
Other Salaries and Wages: $0
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What is the mission statement of Lake Arthur Yacht Club Inc?
The Lake Arthur Yacht Club Inc, being a 501(c)(7) nonprofit, does not seem to have a publicly disclosed mission statement within the provided information. However, it can be inferred that the club, established in 1968, is likely focused on yachting-related activities, given its name and classification, although specific details about its objectives or purposes are not available.
Who is the CEO of Lake Arthur Yacht Club Inc?
Jim Handzus is the Commodore of Lake Arthur Yacht Club Inc.
What is the revenue of Lake Arthur Yacht Club Inc?
Lake Arthur Yacht Club Inc's revenue in 2022 was $74,349.
Who are the executives of Lake Arthur Yacht Club Inc and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Lake Arthur Yacht Club Inc?
Lake Arthur Yacht Club Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lake Arthur Yacht Club Inc
Lake Arthur Yacht Club Inc, as a 501(c)(7) nonprofit, is dedicated to its mission, although the specifics of this mission are not explicitly stated in the provided information. However, based on the fact that it falls under the category of 501(c)(7), which typically refers to social and recreational clubs, it can be inferred that the club may focus on promoting yachting activities and fostering a sense of camaraderie among its members. The club, founded in 1968, has recently reported annual revenue of $74,349 and maintains a staff of zero employees, indicating a relatively small-scale operation. Despite the lack of detailed mission information, Lake Arthur Yacht Club Inc appears to be a community-oriented organization with a focus on yachting activities, providing a space for individuals to engage in this recreational activity and potentially promoting nautical skills and knowledge.
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Impact
October, 2024
Lake Arthur Yacht Club Inc plays a significant role in fostering community engagement and promoting recreational boating in Lake Arthur, Louisiana. Founded in 1968, the club serves as a gathering place for boating enthusiasts, providing a space for social interaction and teamwork among its members.
With a modest revenue of $74,349, the organization focuses on enhancing the local boating experience. This contributes to both the local economy and the preservation of the natural beauty of Lake Arthur. By organizing events and activities centered around sailing and boating, the club not only enriches the community's cultural fabric but also educates members and the public about water safety and environmental stewardship.
Moreover, the club enhances the quality of life for residents by providing opportunities for outdoor recreation, fostering camaraderie, and encouraging a passion for boating. Its long-standing presence in the area reflects its commitment to maintaining a vibrant boating culture and supporting social connections among local residents.
This information is meant to be a general summary of Lake Arthur Yacht Club Inc. 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: $6
- Gross Receipts: $74,349
Assets and Liabilities:
- Total Assets: $81,615
- Total Liabilities: $83,951
- Net Assets: -$2,336
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Organization Details
Founding Year
1968
Principal Officer
Jim Handzus
Main Address
6251 Morgan Shores Road, Lake Arthur, LA, 70549
NTEE Category
Code: Z99 - Unknown
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