Overview
What is Balboa Yacht Club?
The Balboa Yacht Club, situated in Corona Del Mar, California, is a member-focused nonprofit organization. With a primary aim to uphold the First Amendment right of free association, the club provides a platform for its members to socialize. Specifically, this involves engaging in sporting and dining activities. The club, employing 64 individuals, offers its members a setting to enjoy their leisure time and pursue shared interests.
Is Balboa Yacht Club legitimate?
Balboa Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Balboa 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: $2,549,865
For more financial information, click here
What is the mission statement of Balboa Yacht Club?
The Balboa Yacht Club's mission is to serve as a venue, catering to its members' right to free association. Primarily, its purpose is to offer a setting where members can engage in both sporting and dining activities. The club's services are primarily geared towards enhancing the enjoyment of its members within its premises.
Who is the CEO of Balboa Yacht Club?
M Guzman is the Commodore of Balboa Yacht Club.
What is the revenue of Balboa Yacht Club?
Balboa Yacht Club's revenue in 2022 was $6,701,410.
Who are the executives of Balboa Yacht Club and what are their salaries?
The average compensation at Balboa Yacht Club during 2022 was $39,842. There are 64 employees at Balboa Yacht Club.
Here are 12 key members and their salaries:
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Where can I find the form 990 for Balboa Yacht Club?
Balboa Yacht Club's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Balboa Yacht Club
The Balboa Yacht Club, in its mission, aims to serve as a platform for its members to exercise their constitutional right of free association. Beyond this, the club strives to provide its members with an environment where they can engage in a variety of sporting and dining activities, ensuring their overall enjoyment of the club. In essence, all the services offered by the Balboa Yacht Club are geared towards fostering a pleasant experience for its members within the club's premises.
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Impact
October, 2024
Balboa Yacht Club significantly enriches the community of Corona Del Mar, California, by offering a vibrant environment for members to engage in recreational and social activities. The club serves as a vital gathering place where individuals can exercise their right to free association, fostering friendship and camaraderie among members who share a passion for boating and sailing.
Through various sporting events and dining experiences, Balboa Yacht Club enhances the quality of life for its members, providing opportunities for enjoyment and relaxation in a picturesque waterfront setting. The club's commitment to promoting outdoor activities and community engagement helps strengthen local ties and encourages an active lifestyle, further contributing to the region's recreational landscape.
This information is meant to be a general summary of Balboa 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: $50,770
- Program Service Revenue: $4,334,474
- Gross Receipts: $7,847,697
Assets and Liabilities:
- Total Assets: $15,877,396
- Total Liabilities: $5,870,506
- Net Assets: $10,006,890
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$2,745,432
MOORING & CLUB ACTIVITIES
Revenue
$1,589,042
Organization Details
Founding Year
1924
Phone
(949) 673-3515Principal Officer
M Guzman
Main Address
1801 BAYSIDE DR, CORONA DEL MAR, CA, 92625
NTEE Category
Code: N50 - Recreation
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