Venice Yacht Club Charitable Foundation Inc

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

EIN: 881397396 ✦ Venice, FL ✦ Designated as a 501(c)(3)

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Overview

What is Venice Yacht Club Charitable Foundation Inc?

Venice Yacht Club Charitable Foundation Inc, located in Venice, Florida, is a nonprofit organization that raises funds primarily through various activities within the Venice Yacht Club and beyond. These activities attract contributions from both club members and non-members. The collected funds are then disbursed as grants to various 501(c)(3) charities situated in the Sarasota County area. The foundation's mission is to support local charities in Venice and the surrounding southern Sarasota County, demonstrating a commitment to community development and welfare.

Is Venice Yacht Club Charitable Foundation Inc legitimate?

Venice Yacht Club Charitable Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Venice Yacht Club Charitable Foundation 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: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Venice Yacht Club Charitable Foundation Inc?

The Venice Yacht Club Charitable Foundation Inc seeks to collect donations from both club members and non-members through various activities. These funds are then distributed to eligible 501(c)(3) charities primarily located in the Venice and Southern Sarasota County area. The organization achieves this by reviewing grant requests and providing financial assistance to qualifying organizations. Recently, the foundation organized a bike ride in Venice, Florida, which resulted in the disbursement of funds totaling $70,400, in addition to covering related expenses of $6,858.

Who is the CEO of Venice Yacht Club Charitable Foundation Inc?

John E O'Donnell is the Director-Chairwomen of Venice Yacht Club Charitable Foundation Inc.

What is the revenue of Venice Yacht Club Charitable Foundation Inc?

Venice Yacht Club Charitable Foundation Inc's revenue in 2022 was $171,406.

Who are the executives of Venice Yacht Club Charitable Foundation Inc and what are their salaries?

There 20 volunteers at Venice Yacht Club Charitable Foundation Inc.


Here are 5 key members and their salaries:


Sylvia Holloster (Director-Chairwomen)
  • Compensation: $0
  • Related: $0
  • Other: $0
John E O'Donnell (Director-Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Scholten (Director-Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Slaman (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donald Healy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Venice Yacht Club Charitable Foundation Inc?

Venice Yacht Club Charitable Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Venice Yacht Club Charitable Foundation Inc

Venice Yacht Club Charitable Foundation Inc, a nonprofit organization, is committed to soliciting contributions from both club members and non-members. They accomplish this through various activities. The primary objective of these activities is to collect funds, which are then distributed to 501(c)(3) charities in the Venice and Southern Sarasota County area. The Foundation achieves this by processing grant requests from eligible organizations within this region.

To raise funds, Venice Yacht Club Charitable Foundation Inc organizes events such as a bike ride in Venice, Florida. The bike ride involves significant cash expenses, amounting to $6,858, as well as the disbursement of grants totaling $70,400. These funds are directed towards supporting various 501(c)(3) organizations in the Sarasota County area. The Foundation plays a vital role in channeling resources towards local charities, thereby contributing to the betterment of the community.

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Impact




October, 2024

The Venice Yacht Club Charitable Foundation Inc significantly contributes to the welfare of the community in Sarasota County by organizing fundraising activities and distributing those funds to various 501(c)(3) charities. Through events such as bike rides in Venice, Florida, the foundation successfully raised substantial contributions, amounting to $70,400 in grants, which were allocated to local charities addressing human services needs.

This approach not only engages club members and the broader community but also fosters a culture of giving and support for essential services in the region. By facilitating these charitable contributions, the foundation plays a crucial role in enhancing the quality of life for residents in Venice and Southern Sarasota County, thus making a tangible impact on the local community.




This information is meant to be a general summary of Venice Yacht Club Charitable Foundation 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.

Revenue
$171,406 (2022)
Expenses
$155,303 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1,862
  • Gross Receipts: $171,406

Assets and Liabilities:

  • Total Assets: $235,424
  • Total Liabilities: $0
  • Net Assets: $235,424

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Organization Details

Founding Year

2022

Principal Officer

John E O'Donnell

Main Address

1330 TARPON CENTER DR, VENICE, FL, 34285

NTEE Category

Code: P12 - Human services

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