Lakewood Yacht Club

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

EIN: 741224480 ✦ Seabrook, TX ✦ Designated as a 501(c)(7)

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Overview

What is Lakewood Yacht Club?

Lakewood Yacht Club is a nonprofit organization situated on a picturesque 38-acre land in Seabrook, Texas. It offers an exclusive yachting environment for its members, fostering camaraderie while catering to various needs. With over 300 covered and open boat slips, it serves as a haven for members, their families, and guests. The club's purpose is to provide a congenial yachting atmosphere, ensuring that the services and facilities align with the shared interests of its members. Lakewood Yacht Club is more than just a boating club; it's a community that meets the diverse social and recreational needs of its members, ultimately strengthening their sense of fellowship.


Official website here: www.lakewoodyachtclub.com

Is Lakewood Yacht Club legitimate?

Lakewood Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Lakewood 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: $328,789
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,964,380

For more financial information, click here


Official website here: www.lakewoodyachtclub.com

What is the mission statement of Lakewood Yacht Club?

The Lakewood Yacht Club's mission is to offer an exclusive yachting environment for its members, catering to their diverse social and recreational needs while fostering camaraderie. The club ensures it provides services and facilities that align with the members' interests, as their participation plays a significant role in its operations. The Lakewood Yacht Club, located on well-landscaped acres, offers more than just yachting facilities; it serves as a sanctuary for members, their families, and guests.


Official website here: www.lakewoodyachtclub.com

Who is the CEO of Lakewood Yacht Club?

Kelly Holst is the General Manager of Lakewood Yacht Club.


Official website here: www.lakewoodyachtclub.com

What is the revenue of Lakewood Yacht Club?

Lakewood Yacht Club's revenue in 2022 was $6,958,057.


Official website here: www.lakewoodyachtclub.com

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

The average compensation at Lakewood Yacht Club during 2022 was $14,332. There are 160 employees and 150 volunteers at Lakewood Yacht Club.


Here are 18 key members and their salaries:


Kelly Holst (General Manager)
  • Compensation: $219,794
  • Related: $0
  • Other: $17,327
Mark Lauer (Asst General Manager)
  • Compensation: $80,221
  • Related: $0
  • Other: $11,447
Mike Downs (Former Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dwight Bengtson (Rear Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Duane Guidry (Fleet Captain)
  • Compensation: $0
  • Related: $0
  • Other: $0
Margie Clark (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Al Poindexter (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gary Romer (Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Dunphey (Vice Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Comeaux (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Katy Peeples (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Tomlinson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jay Johnson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Garrow Wessendorff (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dwayne Breaux (Director/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marie Wise (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gary Garnett (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Phil Elting (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.lakewoodyachtclub.com

Where can I find the form 990 for Lakewood Yacht Club?

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


Official website here: www.lakewoodyachtclub.com

Learn more at the official website: www.lakewoodyachtclub.com

Mission Statement of Lakewood Yacht Club

Lakewood Yacht Club, an exclusive organization, exists to cater to its members' diverse yachting needs while fostering camaraderie. The club's mission is to create an environment that satisfies the social and recreational demands of its members, ensuring a sense of unity among them. Members' active participation ensures that the club provides services and facilities that cater to their shared interests. Lakewood Yacht Club is more than just a yacht club; it serves as a sanctuary for its members, their families, and guests, offering them a setting that is both enjoyable and conducive to their mutual interests.

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Impact




October, 2024

Lakewood Yacht Club fosters a vibrant community by offering an exclusive yachting environment that enhances the lives of its members. Nestled on 38 beautifully landscaped acres in Seabrook, TX, the club boasts over 300 covered and open boat slips, creating a picturesque setting for both relaxation and recreation.

The club's commitment to camaraderie manifests in diverse social and recreational offerings, catering to the varied interests and needs of its members and their families. By facilitating events and activities that encourage member participation, Lakewood Yacht Club strengthens relationships among its members, fostering a sense of belonging and shared passion for yachting. This unique environment not only enriches individual experiences but also contributes to a close-knit community dedicated to enjoying the boating lifestyle.




This information is meant to be a general summary of Lakewood 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
$6,958,057 (2022)
Expenses
$7,246,112 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $16,679
  • Program Service Revenue: $6,799,168
  • Gross Receipts: $6,958,057

Assets and Liabilities:

  • Total Assets: $9,088,460
  • Total Liabilities: $3,927,720
  • Net Assets: $5,160,740

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Programs

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

MEMBERSHIP DUES

Revenue

$2,615,227

FOOD & BEVERAGE SALES

Revenue

$2,114,695

HARBOR & CABANA FEES

Revenue

$1,578,287

RECREATION & YOUTH FEES

Revenue

$298,287

LADIES ASSOCIATION REVENUE

Revenue

$95,041

Organization Details

Founding Year

1955

Principal Officer

Kelly Holst

Main Address

2322 Lakewood Yacht Club Dr, Seabrook, TX, 77586

NTEE Category

Code: N50 - Recreation

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