Seattle Yacht Club

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

EIN: 910404140 ✦ Seattle, WA ✦ Designated as a 501(c)(7)

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Overview

What is Seattle Yacht Club?

The Seattle Yacht Club, esteemed among the top yacht clubs globally, is a nonprofit organization that offers its members a distinguished reputation and an engaging community. Notable for its exceptional properties, members can enjoy various boating activities within this vibrant environment.


Official website here: www.seattleyachtclub.org

Is Seattle Yacht Club legitimate?

Seattle Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Seattle 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: $3,359,595

For more financial information, click here


Official website here: www.seattleyachtclub.org

What is the mission statement of Seattle Yacht Club?

The Seattle Yacht Club, renowned as one of the leading yacht clubs globally, is committed to providing its members with a distinguished experience. The club's mission is centered around boating activities and fostering a lively community. Members can make the most of the club's impressive collection of properties, designed for their exclusive use. The club's prestige and energetic atmosphere make it a source of pride for its members.


Official website here: www.seattleyachtclub.org

Who is the CEO of Seattle Yacht Club?

Alex Lorenz is the Employee of Seattle Yacht Club.


Official website here: www.seattleyachtclub.org

What is the revenue of Seattle Yacht Club?

Seattle Yacht Club's revenue in 2020 was $8,534,744.


Official website here: www.seattleyachtclub.org

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




Official website here: www.seattleyachtclub.org

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

Seattle Yacht Club's most recent form 990 was submitted in 2020 and can be accessed here.


Official website here: www.seattleyachtclub.org

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

Mission Statement of Seattle Yacht Club

Seattle Yacht Club, renowned as one of the leading yacht clubs globally, prides itself on its esteemed reputation and lively member community. The club's mission is to provide its members with an exceptional collection of properties for their use, fostering a sense of pride and camaraderie among its members. By offering these exceptional facilities, Seattle Yacht Club aims to foster a vibrant and engaged community among its members, allowing them to enjoy the sport of boating to its fullest.

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Impact




October, 2024

Seattle Yacht Club plays a significant role in enhancing the local boating culture and fostering a strong sense of community among its members. Recognized as one of the leading yacht clubs globally, it attracts boating enthusiasts who share a passion for the water and social interaction. The club's stunning properties provide members with exceptional opportunities for recreation and relaxation, creating a vibrant hub for socializing and maritime activities. This not only enriches the lives of its members but also contributes to the overall maritime economy in Seattle, promoting boating as a rewarding hobby and lifestyle choice. By offering a space for camaraderie and shared experiences, Seattle Yacht Club strengthens community ties and encourages engagement in recreational boating.




This information is meant to be a general summary of Seattle 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
$9,811,441 (2021)
Expenses
$7,890,886 (2021)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2020.

  • Investment Income: $340,098
  • Program Service Revenue: $6,294,557
  • Gross Receipts: $11,788,447

Assets and Liabilities:

  • Total Assets: $34,102,510
  • Total Liabilities: $2,323,049
  • Net Assets: $31,779,461

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Programs

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

MEMBERSHIP FEES

Revenue

$4,326,527

MOORAGE

Revenue

$1,795,451

BINNACLE SUBSCRIPTIONS

Revenue

$90,846

YACHTING & BOATING

Revenue

$81,733

Organization Details

Founding Year

1921

Principal Officer

Alex Lorenz

Main Address

1807 EAST HAMLIN, SEATTLE, WA, 98112

NTEE Category

Code: N50 - Recreation

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