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Catalina Island Yacht Club

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

EIN: 950611620 ✦ Dana point, CA ✦ Designated as a 501(c)(7)

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Overview

What is Catalina Island Yacht Club?

The Catalina Island Yacht Club is a distinguished nonprofit organization situated in Dana Point, California. Its primary objective is to offer a welcoming and attractive facility for its yachting members, providing them with a place to unwind, socialize, and foster friendships. This is achieved through the collective efforts and generosity of its members, as well as an unwavering dedication to preserving and enhancing its unique home in Avalon. The club serves as a loyal advocate and protector of both Avalon and Catalina Island.


Official website here: www.catalinaislandyachtclub.com

Is Catalina Island Yacht Club legitimate?

Catalina Island Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Catalina Island 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: $103,338

For more financial information, click here


Official website here: www.catalinaislandyachtclub.com

What is the mission statement of Catalina Island Yacht Club?

The Catalina Island Yacht Club's mission is centered around offering a comfortable and appealing facility for its yachting members and their families. This sanctuary, located in a renowned destination, serves as a place for relaxation, socialization, and the nurturing of friendships. The club accomplishes this mission through the dedication and generosity of its members, as well as their commitment to preserving and enhancing their unique home. The Catalina Island Yacht Club also stands as a supporter and advocate for the area, aiming to protect the island.


Official website here: www.catalinaislandyachtclub.com

Who is the CEO of Catalina Island Yacht Club?

Randy Weaver is the Treasurer of Catalina Island Yacht Club.


Official website here: www.catalinaislandyachtclub.com

What is the revenue of Catalina Island Yacht Club?

Catalina Island Yacht Club's revenue in 2022 was $682,270.


Official website here: www.catalinaislandyachtclub.com

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


Here are 3 key members and their salaries:


Dr Stephen Shea (Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gary Tolar (Vice Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Randy Weaver (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.catalinaislandyachtclub.com

Where can I find the form 990 for Catalina Island Yacht Club?

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


Official website here: www.catalinaislandyachtclub.com

Learn more at the official website: www.catalinaislandyachtclub.com

Mission Statement of Catalina Island Yacht Club

The Catalina Island Yacht Club, with its historic clubhouse, serves as a haven for boaters in a renowned destination. Its mission is to offer a comfortable and appealing facility for its yachting members and their families. This sanctuary allows them to unwind, socialize, and foster friendships. The club pursues this objective through the collective efforts and generosity of its members, as well as their commitment to preserving and enhancing their unique home. The Catalina Island Yacht Club consistently acts as a supporter and advocate of the community, and a defender of Catalina Island.

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Impact




October, 2024

Catalina Island Yacht Club significantly enriches the yachting community and enhances the cultural fabric of Avalon. The club serves as a welcoming hub for boaters, providing a historic clubhouse where members and their families can unwind, socialize, and forge lasting friendships.

By nurturing a sense of camaraderie among its members, the club fosters a vibrant social environment that strengthens community ties. Its dedication to the preservation and enhancement of the unique Avalon setting not only protects the beauty and integrity of Catalina Island but also promotes a sense of stewardship among its members.

The club’s efforts extend beyond its clubhouse walls, advocating for Avalon and engaging with the local community, which contributes to the island’s economic vitality and cultural heritage. Through organized events and activities, the Catalina Island Yacht Club continually attracts visitors and promotes responsible boating, further solidifying its role as a cornerstone of the Catalina experience.




This information is meant to be a general summary of Catalina Island 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
$682,270 (2022)
Expenses
$564,392 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $281
  • Program Service Revenue: $678,070
  • Gross Receipts: $772,717

Assets and Liabilities:

  • Total Assets: $2,540,161
  • Total Liabilities: $243,712
  • Net Assets: $2,296,449

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Programs

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

Membership Dues & Assessments

Revenue

$678,070

Organization Details

Principal Officer

Randy Weaver

Main Address

PO BOX 638, DANA POINT, CA, 92629

NTEE Category

Code: X20 - Religion related

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