Overview
What is The Monterey Peninsula Yacht Club Inc?
The Monterey Peninsula Yacht Club Inc, located at Municipal Wharf 2, Monterey, California 93940, is a nonprofit organization with a strong focus on promoting responsible activities for youth and encouraging community involvement. Their mission, as described, is to foster these responsible activities, showcasing their commitment to the development and engagement of the local community's younger generation. With a team of 17 dedicated individuals, the club designs and executes racing programs that serve as a platform for this mission.
Official website here: www.mpyc.org
Is The Monterey Peninsula Yacht Club Inc legitimate?
The Monterey Peninsula Yacht Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. The Monterey Peninsula Yacht Club 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: $288,062
For more financial information, click here
Official website here: www.mpyc.org
What is the mission statement of The Monterey Peninsula Yacht Club Inc?
The Monterey Peninsula Yacht Club Inc's mission is centered around promoting responsible activities for youth and encouraging community involvement. They achieve this by designing a racing program that aims to instill responsibility in the youth participants. The club's activities are geared towards fostering a sense of community engagement.
Official website here: www.mpyc.org
Who is the CEO of The Monterey Peninsula Yacht Club Inc?
Marian Deering is the President/Commodore of The Monterey Peninsula Yacht Club Inc.
Official website here: www.mpyc.org
What is the revenue of The Monterey Peninsula Yacht Club Inc?
The Monterey Peninsula Yacht Club Inc's revenue in 2022 was $972,781.
Official website here: www.mpyc.org
Who are the executives of The Monterey Peninsula Yacht Club Inc and what are their salaries?
The average compensation at The Monterey Peninsula Yacht Club Inc during 2022 was $16,945. There are 17 employees at The Monterey Peninsula Yacht Club Inc.
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Official website here: www.mpyc.org
Where can I find the form 990 for The Monterey Peninsula Yacht Club Inc?
The Monterey Peninsula Yacht Club Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mpyc.org
Learn more at the official website: www.mpyc.org
Mission Statement of The Monterey Peninsula Yacht Club Inc
The Monterey Peninsula Yacht Club Inc, as a nonprofit organization, is dedicated to fostering responsible activities for youth and encouraging community involvement. Their mission is multifaceted, encompassing the promotion of responsible behavior and the active engagement of the community. This is primarily achieved through their racing program, designed with the intention of instilling a sense of responsibility in the youth participating. By participating in this program, the club aims to not only develop essential life skills but also encourage a sense of camaraderie and teamwork among the young participants. The club's activities are geared towards nurturing responsible future leaders while also engaging the broader community in their endeavors.
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Impact
October, 2024
The Monterey Peninsula Yacht Club Inc significantly impacts its community by fostering youth engagement and community involvement through responsible recreational activities. Its racing programs are designed not only to teach sailing skills but also to instill values such as accountability and teamwork among young participants. By promoting these principles, the club serves as a foundation for developing responsible young sailors who can contribute positively to society.
Additionally, the club creates a sense of community by bringing together families and individuals with a shared passion for sailing and nautical activities. This engagement enhances social connections within Monterey, cultivating a supportive environment where members can learn from one another and grow together. The emphasis on community involvement also encourages volunteerism and collaboration in various local initiatives, enriching the overall spirit of Monterey. Overall, the Monterey Peninsula Yacht Club Inc plays a pivotal role in shaping responsible future leaders while strengthening community bonds through its commitment to youth and recreation.
This information is meant to be a general summary of The Monterey Peninsula Yacht Club 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $113
- Program Service Revenue: $81,155
- Gross Receipts: $991,119
Assets and Liabilities:
- Total Assets: $684,042
- Total Liabilities: $69,328
- Net Assets: $614,714
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
JUNIOR PROGRAM
Revenue
$37,778
SUMMER SAILING PROGRAM
Revenue
$24,480
RACING EVENTS
Revenue
$18,897
Organization Details
Founding Year
1953
Phone
(831) 372-9686Principal Officer
Marian Deering
Main Address
MUNICIPAL WHARF 2, MONTEREY, CA, 93940
Website
www.mpyc.orgNTEE Category
Code: N50 - Recreation
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