Overview
What is Sausalito Yacht Club?
The Sausalito Yacht Club is a nonprofit organization situated in Sausalito, California. Its primary purpose is to serve as a social and recreational club for members with a shared interest in boating. The club actively promotes boating, sail training, and organizes yachting and yacht racing events. It also educates members about marine-oriented skills and is actively involved in the local community. The club's offerings extend beyond sailing, including a convivial bar and galley operation for the benefit of its members. The club employs 47 individuals.
Official website here: www.sausalitoyachtclub.org
Is Sausalito Yacht Club legitimate?
Sausalito Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Sausalito 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: $947,613
For more financial information, click here
Official website here: www.sausalitoyachtclub.org
What is the mission statement of Sausalito Yacht Club?
The Sausalito Yacht Club, as a social and recreational club, is committed to promoting the sport of boating and sail training. Their mission includes developing and sponsoring yachting and yacht racing events, and educating members about marine-oriented skills. The club is also actively involved in the community, focusing on activities that enhance their standing within it. Lastly, they manage a convivial bar and galley operation for the benefit of their membership.
Official website here: www.sausalitoyachtclub.org
Who is the CEO of Sausalito Yacht Club?
John Wales is the Treasurer of Sausalito Yacht Club.
Official website here: www.sausalitoyachtclub.org
What is the revenue of Sausalito Yacht Club?
Sausalito Yacht Club's revenue in 2022 was $2,575,614.
Official website here: www.sausalitoyachtclub.org
Who are the executives of Sausalito Yacht Club and what are their salaries?
The average compensation at Sausalito Yacht Club during 2022 was $20,162. There are 47 employees at Sausalito Yacht Club.
Here are 9 key members and their salaries:
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Official website here: www.sausalitoyachtclub.org
Where can I find the form 990 for Sausalito Yacht Club?
Sausalito Yacht Club's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sausalitoyachtclub.org
Learn more at the official website: www.sausalitoyachtclub.org
Mission Statement of Sausalito Yacht Club
The Sausalito Yacht Club, a social and recreational club, is dedicated to promoting the sport of boating and sail training. Its mission extends beyond just boating, as it also aims to develop and sponsor various yachting and yacht racing events. The organization believes in educating its members about marine-oriented skills, encouraging active involvement in the community, and enhancing its standing within it. Moreover, the club manages a convivial bar and galley operation, catering to the needs and enjoyment of its membership. In essence, the Sausalito Yacht Club is committed to fostering a vibrant boating community, nurturing marine skills, and engaging with its surroundings, all while providing a convivial atmosphere for its members.
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Impact
October, 2024
Sausalito Yacht Club significantly enhances the community through its focus on boating, sailing education, and organized yachting events. By promoting the sport of boating and providing sail training, the club fosters a culture of maritime knowledge and skills among its members. This dedication not only enriches individual members' experiences but also cultivates a stronger sense of community among boating enthusiasts.
The club’s bar and restaurant services, along with its ships store, create a social hub for members and their guests, encouraging interaction and camaraderie. Its active involvement in the local community tangibly boosts community engagement, as the club hosts events that bring together both members and the public.
By sponsoring yachting and yacht racing events, Sausalito Yacht Club positions itself as a key player in regional recreational activities, enhancing local tourism and economic vitality. Overall, its contributions go beyond recreational enjoyment; it plays a vital role in enriching the community’s maritime culture and social frameworks.
This information is meant to be a general summary of Sausalito 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: $27,333
- Program Service Revenue: $1,284,071
- Gross Receipts: $2,600,080
Assets and Liabilities:
- Total Assets: $2,026,535
- Total Liabilities: $100,952
- Net Assets: $1,925,583
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BAR & RESTAURANT
Revenue
$1,108,603
ENTERTAINMENT
Revenue
$3,648
MISCELLANEOUS INCOME
Revenue
$1,736
RACING-REGATTAS
Revenue
$19,745
SAIL TRAINING
Revenue
$150,339
Organization Details
Founding Year
1942
Phone
(415) 332-7400Principal Officer
John Wales
Main Address
100 HUMBOLDT AVENUE, SAUSALITO, CA, 94965
Website
www.sausalitoyachtclub.orgNTEE Category
Code: N50 - Recreation
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