Sequoia Yacht Club

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

EIN: 946037163 ✦ Redwood city, CA ✦ Designated as a 501(c)(7)

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Overview

What is Sequoia Yacht Club?

The Sequoia Yacht Club, established in Redwood City, California, serves as a vibrant recreational and social hub for its community. Its primary objective is to foster and encourage boating activities. The club stands out with its commitment to youth sail training, offering courses for the local community. In essence, Sequoia Yacht Club is a place that promotes boating passion, particularly among the younger generation, making it an integral part of Redwood City's recreational landscape.

Is Sequoia Yacht Club legitimate?

Sequoia Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Sequoia 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: $36,232

For more financial information, click here

What is the mission statement of Sequoia Yacht Club?

The Sequoia Yacht Club, being a recreational, pleasure, or social club, is dedicated to supporting and promoting boating activities. It particularly focuses on providing youth sail training courses for the community. The club's mission aims to foster an interest in boating among the younger generation, thereby contributing to the growth and enjoyment of maritime activities. The club's activities are geared towards engaging the community and nurturing a love for boating.

Who is the CEO of Sequoia Yacht Club?

Martin Collins is the Treasurer of Sequoia Yacht Club.

What is the revenue of Sequoia Yacht Club?

Sequoia Yacht Club's revenue in 2022 was $226,302.

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

The average compensation at Sequoia Yacht Club during 2022 was $18,116. There are 2 employees and 35 volunteers at Sequoia Yacht Club.


Here are 9 key members and their salaries:


Andrew Lesslie (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Keely Haverstock (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter Weigt (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Borgstrom (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kristan Verveniotis (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Erik Jessen (Rear Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Martin Collins (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cathy Moyer (Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lynne Reynolds (Steward)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Sequoia Yacht Club?

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

Mission Statement of Sequoia Yacht Club

Sequoia Yacht Club, as a recreational, pleasure, or social club, is dedicated to the support and promotion of boating activities. This organization, based in Redwood City, CA, takes a particular interest in nurturing the boating skills of the local community, with a focus on providing youth sail training courses. By engaging in these activities, Sequoia Yacht Club contributes to the development of young individuals, fostering a love for the sea and boating, thereby promoting these activities within the community.

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Impact




October, 2024

Sequoia Yacht Club has a significant impact on the community of Redwood City, CA, primarily through its youth sail training courses. By providing these programs, the club promotes recreational sailing, encourages physical activity, and fosters a love for the water and boating among young people. This engagement nurtures skills such as teamwork, responsibility, and discipline, all while enhancing the participants' confidence and self-esteem.

Additionally, the club serves as a social hub, bringing together families and individuals who share an interest in sailing and the marine environment. This connection strengthens community ties and creates a supportive network for youth and their families. Overall, Sequoia Yacht Club plays a vital role in enriching the community through recreation, education, and social engagement.




This information is meant to be a general summary of Sequoia 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
$226,302 (2022)
Expenses
$223,945 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $91
  • Program Service Revenue: $85,093
  • Gross Receipts: $288,714

Assets and Liabilities:

  • Total Assets: $395,412
  • Total Liabilities: $39,663
  • Net Assets: $355,749

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Programs

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

BOATING ACTIVITIES

Revenue

$55,438

CATERING & RENTAL

Revenue

$15,155

SAIL TRAINING

Revenue

$14,500

Organization Details

Principal Officer

Martin Collins

Main Address

PO BOX 5548, REDWOOD CITY, CA, 94063

NTEE Category

Code: N50 - Recreation

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