Overview
What is Olympia Yacht Club?
Olympia Yacht Club is a nonprofit organization situated in Olympia, Washington, specifically at 201 Simmons Street NW. Its primary purpose is to foster and promote yachting, as well as the related fields of seamanship and navigation. The club offers its members access to facilities designed for leisure and recreational activities on the water. According to the provided information, Olympia Yacht Club operates as a club for pleasure, with its net earnings not benefiting any private member. The organization employs a team of four individuals dedicated to its mission.
Official website here: www.olympiayachtclub.org
Is Olympia Yacht Club legitimate?
Olympia Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Olympia 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $80,278
For more financial information, click here
Official website here: www.olympiayachtclub.org
What is the mission statement of Olympia Yacht Club?
The Olympia Yacht Club is established as a recreational organization, ensuring that its members derive pleasure from their activities. The club's primary objective is to foster yachting, a passion for seamanship, and navigation. To accomplish this, the club provides and maintains suitable facilities for its members to enjoy and engage in recreational activities. Notably, the club operates on a principle where no private member benefits from its net earnings.
Official website here: www.olympiayachtclub.org
Who is the CEO of Olympia Yacht Club?
Rich Bergholz is the Chair of Olympia Yacht Club.
Official website here: www.olympiayachtclub.org
What is the revenue of Olympia Yacht Club?
Olympia Yacht Club's revenue in 2022 was $1,211,972.
Official website here: www.olympiayachtclub.org
Who are the executives of Olympia Yacht Club and what are their salaries?
The average compensation at Olympia Yacht Club during 2022 was $20,070. There are 4 employees and 264 volunteers at Olympia Yacht Club.
Here are 9 key members and their salaries:
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Official website here: www.olympiayachtclub.org
Where can I find the form 990 for Olympia Yacht Club?
Olympia Yacht Club's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.olympiayachtclub.org
Learn more at the official website: www.olympiayachtclub.org
Mission Statement of Olympia Yacht Club
The Olympia Yacht Club, established for leisure and recreation, serves as a platform where the enjoyment of its members is paramount. Unlike other organizations, the club ensures that no private member benefits from its net earnings. The primary mission of this esteemed club is to foster and encourage yachting, a passion for seamanship, and navigation. To support this objective, the club provides and maintains suitable facilities for its members to engage in recreational activities related to yachting.
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Impact
October, 2024
Olympia Yacht Club significantly enhances the recreational landscape of Olympia, Washington, by fostering a vibrant community centered around yachting and seamanship. By promoting yachting as both a sport and a leisure activity, the club plays a crucial role in encouraging water-based recreation, supporting local tourism, and enhancing the quality of life for its members and the surrounding community.
The club provides essential facilities that facilitate safe and enjoyable experiences for boaters. Through organized events and activities, it cultivates skills in seamanship and navigation, directly contributing to personal development and fostering a deeper appreciation for the maritime environment. Furthermore, the club nurtures a sense of camaraderie among its members, creating lasting connections and communal support focused on shared interests in sailing and boating.
In terms of environmental stewardship, Olympia Yacht Club may promote best practices in boating that contribute to the conservation of local waters, ensuring that the natural beauty of the region is preserved for future generations. Overall, its contributions provide not just recreational opportunities but also a foundation for community engagement and environmental awareness.
This information is meant to be a general summary of Olympia 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $3,780
- Program Service Revenue: $633,172
- Gross Receipts: $1,266,103
Assets and Liabilities:
- Total Assets: $5,633,817
- Total Liabilities: $28,795
- Net Assets: $5,605,022
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MOORAGE
Revenue
$597,779
CLUB FUNCTIONS
Revenue
$31,693
OTHER
Revenue
$3,700
Organization Details
Founding Year
1904
Phone
(360) 357-6767Principal Officer
Rich Bergholz
Main Address
201 SIMMONS ST NW, OLYMPIA, WA, 98501
Website
www.olympiayachtclub.orgNTEE Category
Code: N50 - Recreation
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