Queen City Yacht Club

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

EIN: 910376843 ✦ Seattle, WA ✦ Designated as a 501(c)(7)

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Overview

What is Queen City Yacht Club?

Queen City Yacht Club is a nonprofit organization situated in Seattle, Washington, primarily focusing on fostering yachting and enhancing the knowledge of seamanship and navigation. With a membership count of approximately 480 individuals, the club offers a comprehensive Yacht Club program. The organization takes pride in providing and maintaining a suitable clubhouse, moorage, and various facilities for its members' usage and recreation. These amenities serve as a platform for members to engage in recreational activities related to yachting, promoting camaraderie and shared experiences.


Official website here: www.queencity.org

Is Queen City Yacht Club legitimate?

Queen City Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Queen City 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: $63,725

For more financial information, click here


Official website here: www.queencity.org

What is the mission statement of Queen City Yacht Club?

The Queen City Yacht Club is dedicated to fostering an interest in yachting and enhancing the knowledge of seamanship and navigation. Its primary objective is to establish and maintain a conducive environment, including a clubhouse, moorage, and various facilities, for the leisure and recreational use of its members. The club serves as a hub for yacht enthusiasts, providing them with an opportunity to engage in their shared passion.


Official website here: www.queencity.org

Who is the CEO of Queen City Yacht Club?

Margaret Krows is the Commodore of Queen City Yacht Club.


Official website here: www.queencity.org

What is the revenue of Queen City Yacht Club?

Queen City Yacht Club's revenue in 2022 was $1,362,043.


Official website here: www.queencity.org

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

The average compensation at Queen City Yacht Club during 2022 was $6,372. There are 10 employees and 480 volunteers at Queen City Yacht Club.


Here are 12 key members and their salaries:


Doug Genord (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rodger Mckinley (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Diane Schultz (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Soffel (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Miguel Suarez (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gary Turner (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michele Bedner (V. Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joyce Carlson (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Micheal Day (R. Commdore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Margaret Krows (Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terron Lindholme (P. Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eric Wood (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.queencity.org

Where can I find the form 990 for Queen City Yacht Club?

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


Official website here: www.queencity.org

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

Mission Statement of Queen City Yacht Club

Queen City Yacht Club, a notable organization, is dedicated to fostering an interest in yachting and enhancing the knowledge of seamanship and navigation. Its primary objective is to establish and maintain a conducive clubhouse, moorage, and various facilities, catering to the leisure and recreational needs of its members. By offering these facilities, the club aims to encourage its members to engage in yachting activities, thereby promoting the art of sailing and navigation. The Queen City Yacht Club boasts a membership of around 480 individuals, who share a common passion for yachting and the associated activities. The club's Yacht Club program is a testament to its commitment to providing an engaging and enjoyable experience for its members.

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Impact




October, 2024

Queen City Yacht Club significantly enhances the yachting community in Seattle, fostering a vibrant culture around seamanship and navigation. With approximately 480 members, the club provides essential facilities such as a clubhouse and moorage, creating a welcoming environment for those passionate about boating. Its commitment to promoting yachting helps cultivate skills and knowledge in seamanship, making it accessible to both seasoned sailors and newcomers alike. The club serves as a crucial hub for recreation, facilitating social connections and shared experiences among members while contributing to the overall enjoyment and appreciation of the maritime lifestyle in the region.




This information is meant to be a general summary of Queen City 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
$1,362,043 (2022)
Expenses
$1,268,239 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $2,196
  • Program Service Revenue: $1,337,253
  • Gross Receipts: $1,432,564

Assets and Liabilities:

  • Total Assets: $5,428,074
  • Total Liabilities: $33,990
  • Net Assets: $5,394,084

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Programs

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

PROGRAM SERVICE REVENUES

Revenue

$930,713

MEMBERSHIP DUES

Revenue

$337,790

NEW MEMBER INITIATION FEES

Revenue

$68,750

Organization Details

Founding Year

1916

Principal Officer

Margaret Krows

Main Address

2608 BOYER AVE EAST, SEATTLE, WA, 981023905

NTEE Category

Code: N50 - Recreation

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