Texas Corinthian Yacht Club

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

EIN: 740939397 ✦ Kemah, TX ✦ Designated as a 501(c)(7)

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Overview

What is Texas Corinthian Yacht Club?

The Texas Corinthian Yacht Club, situated in Kemah, Texas, is a nonprofit organization with around 180 members and their families. Their primary mission is to promote the education and recreation of both youth and adults in the art of sailing. The club offers a clubhouse and restaurant that serve as social gathering spaces, while also functioning as an educational facility. Throughout the year, the club hosts a variety of social events for its members. Additionally, the facility is utilized for youth outings, providing a fun and educational environment. During such events, the clubhouse and restaurant serve as a support base, offering a welcoming venue for both day and overnight activities.


Official website here: www.tcyc.org

Is Texas Corinthian Yacht Club legitimate?

Texas Corinthian Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Texas Corinthian 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: $150,620
Professional Fundraising Fees: $0
Other Salaries and Wages: $391,301

For more financial information, click here


Official website here: www.tcyc.org

What is the mission statement of Texas Corinthian Yacht Club?

The Texas Corinthian Yacht Club's mission is centered around the education and recreation of both its youth and adult members, focusing on the art of sailing. The club strives to accomplish this by offering a clubhouse, restaurant, and an educational facility. These facilities serve as venues for social gatherings, interaction, and learning opportunities for the club's approximately 180 members and their families. Throughout the year, the club hosts various social events for its members, utilizing the clubhouse and restaurant as support for its youth and senior programs. Furthermore, the facility is frequently used for day and overnight youth outings, providing a setting that combines social interaction and education.


Official website here: www.tcyc.org

Who is the CEO of Texas Corinthian Yacht Club?

Henry C Johnston is the Treasurer of Texas Corinthian Yacht Club.


Official website here: www.tcyc.org

What is the revenue of Texas Corinthian Yacht Club?

Texas Corinthian Yacht Club's revenue in 2022 was $2,819,143.


Official website here: www.tcyc.org

Who are the executives of Texas Corinthian Yacht Club and what are their salaries?

The average compensation at Texas Corinthian Yacht Club during 2022 was $14,261. There are 38 employees and 50 volunteers at Texas Corinthian Yacht Club.


Here are 11 key members and their salaries:


Stacy Steglich (General Mgr)
  • Compensation: $150,620
  • Related: $0
  • Other: $0
J Carter Perrin (Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Henry S May Iii (Past Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Clark G Thompson Jr (Vice Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matthew Wright (Rear Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Henry C Johnston (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jessica Croyle (Fleet Captain)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter Meyer (Board Governor)
  • Compensation: $0
  • Related: $0
  • Other: $0
George Masterson (Board Governor)
  • Compensation: $0
  • Related: $0
  • Other: $0
Philip Francis (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Evangeline Atkinson (Board Governor)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.tcyc.org

Where can I find the form 990 for Texas Corinthian Yacht Club?

Texas Corinthian Yacht Club's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.tcyc.org

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

Mission Statement of Texas Corinthian Yacht Club

The Texas Corinthian Yacht Club, a vibrant organization, is dedicated to fostering the education and enjoyment of sailing among its members, both young and old. Their primary mission is to create an environment where individuals can learn and engage in the art of sailing. The club provides ample opportunities for social interaction and education through its clubhouse, restaurant, and educational facility. With approximately 180 members and their families, the club serves as a hub for community building and personal growth. Throughout the year, the Texas Corinthian Yacht Club hosts a variety of social events to foster camaraderie within its membership. The clubhouse and restaurant are also utilized to support the youth and senior programs, offering a welcoming atmosphere for these initiatives. Moreover, the facility is frequently utilized for day and overnight outings, offering a unique educational environment that combines social interaction with sailing experiences.

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Impact




October, 2024

The Texas Corinthian Yacht Club significantly enriches the community by promoting sailing education and recreational activities for youth and adults. Located in Kemah, TX, it serves as a hub for approximately 180 members and their families, fostering social interaction and connection through its clubhouse and restaurant. In 2022, TCYC hosted a variety of social events, creating opportunities for members to engage with one another and support youth and senior programs.

The club also plays a vital role in the development of sailing skills among its members, offering educational facilities that cater to both young sailors and adult learners. Additionally, the venue is utilized for day and overnight youth outings, enhancing social interaction and education in a supportive environment. Overall, TCYC contributes to the local community by encouraging sportsmanship, camaraderie, and a passion for sailing, creating memories that last well beyond the water.




This information is meant to be a general summary of Texas Corinthian 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.

Revenue
$2,819,143 (2022)
Expenses
$2,208,123 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $495
  • Program Service Revenue: $1,939,443
  • Gross Receipts: $2,819,143

Assets and Liabilities:

  • Total Assets: $5,013,012
  • Total Liabilities: $1,123,898
  • Net Assets: $3,889,114

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Programs

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

Restaurant

Revenue

$475,942

Cabana Tract Rentals

Revenue

$207,004

Harbor/Pier Rentals

Revenue

$147,827

Youth Program

Revenue

$86,755

Membership Dues & Fees

Revenue

$910,409

Organization Details

Founding Year

1938

Principal Officer

Henry C Johnston

Main Address

PO Box 577, Kemah, TX, 77565

NTEE Category

Code: N50 - Recreation

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