Overview
What is Lake Arrowhead Yacht Club?
Lake Arrowhead Yacht Club, situated in Lake Arrowhead, California, is a nonprofit organization that caters to around 250 family memberships during its season. Its primary objective is to foster and strengthen an appreciation for yachting and the ethos of fair play among its members and their families. To achieve this, the club offers a variety of sailing and social activities. Additionally, it provides food and beverage services. The club's mission is deeply rooted in promoting yacht racing in the Corinthian spirit, emphasizing sportsmanship and camaraderie. With a dedicated team of 44 employees, Lake Arrowhead Yacht Club is committed to creating a vibrant and engaging environment for its members.
Official website here: www.layc.net
Is Lake Arrowhead Yacht Club legitimate?
Lake Arrowhead Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Lake Arrowhead 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: $204,336
For more financial information, click here
Official website here: www.layc.net
What is the mission statement of Lake Arrowhead Yacht Club?
The Lake Arrowhead Yacht Club's mission is centered around fostering an appreciation for yachting and encouraging the spirit of sportsmanship among its members and their families. To achieve this, the club offers various programs to promote and support yacht racing in a fair and friendly manner, adhering to the Corinthian spirit. The primary goal is to instill and strengthen the love for yachting within its community. Throughout the season, the club caters to approximately 250 family memberships by providing a range of sailing and social activities, as well as food and beverage services.
Official website here: www.layc.net
What is the revenue of Lake Arrowhead Yacht Club?
Lake Arrowhead Yacht Club's revenue in 2023 was $746,608.
Official website here: www.layc.net
Who are the executives of Lake Arrowhead Yacht Club and what are their salaries?
The average compensation at Lake Arrowhead Yacht Club during 2023 was $4,116.
Here are 22 key members and their salaries:
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Official website here: www.layc.net
Where can I find the form 990 for Lake Arrowhead Yacht Club?
Lake Arrowhead Yacht Club's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.layc.net
Learn more at the official website: www.layc.net
Mission Statement of Lake Arrowhead Yacht Club
Lake Arrowhead Yacht Club, a membership-based organization, is committed to fostering an enthusiasm for yachting and nurturing the spirit of sportsmanship among its members and their families. To achieve this objective, the club offers a variety of programs aimed at promoting and supporting yacht racing in the Corinthian spirit. By doing so, it seeks to instill and enhance a passion for yachting within its community.
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Impact
October, 2024
Lake Arrowhead Yacht Club significantly contributes to the local community by fostering a love for yachting and promoting sportsmanship among its members and their families. Serving approximately 250 family memberships, the club provides a vibrant hub of sailing and social activities that encourage community engagement. Members can participate in yacht racing programs designed in the true Corinthian spirit, which emphasizes fair play and camaraderie on the water.
Beyond sailing, the club enhances the recreational landscape of Lake Arrowhead by offering food and beverage services and organizing various social events. This creates a welcoming environment for families, fostering relationships and connections that extend beyond the water. Through these initiatives, Lake Arrowhead Yacht Club serves as a vital part of the community, enriching the lives of its members and supporting the local culture of yachting.
This information is meant to be a general summary of Lake Arrowhead 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 2023.
- Investment Income: $24
- Program Service Revenue: $292,439
- Gross Receipts: $895,981
Assets and Liabilities:
- Total Assets: $924,740
- Total Liabilities: $275,214
- Net Assets: $649,526
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Food & Beverage Club fee
Revenue
$236,940
Youth Sailing program
Revenue
$32,489
Lockers/racks/storage
Revenue
$20,010
Dock Assessments
Revenue
$3,000
Organization Details
Founding Year
1932
Principal Officer
Gary Martell Jr
Website
www.layc.netNTEE Category
Code: N50 - Recreation
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