Overview
What is Los Angeles Yacht Club?
The Los Angeles Yacht Club, situated in San Pedro, California, serves as a hub for yacht enthusiasts. This nonprofit organization offers its members a plethora of recreational opportunities, including cruises, races, and lessons. The Club also provides facilities for sailing and social gatherings, fostering a sense of community among its members. Moreover, it features mooring facilities, ensuring members have a convenient place to dock their yachts. In essence, the Los Angeles Yacht Club caters to the boating needs and interests of its members.
Is Los Angeles Yacht Club legitimate?
Los Angeles Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Los Angeles 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: $70,752
For more financial information, click here
What is the mission statement of Los Angeles Yacht Club?
The Los Angeles Yacht Club serves as a hub for yacht enthusiasts, offering its members various recreational activities such as cruises, races, and lessons. It also provides sailing and social gathering facilities. The club's mission is centered around providing these recreational opportunities, fostering a community of yachting enthusiasts. Located in San Pedro, CA, the Los Angeles Yacht Club offers its members a platform to engage in their shared passion for yachting.
Who is the CEO of Los Angeles Yacht Club?
Duncan Mcduffie is the Treasurer of Los Angeles Yacht Club.
What is the revenue of Los Angeles Yacht Club?
Los Angeles Yacht Club's revenue in 2022 was $494,092.
Who are the executives of Los Angeles Yacht Club and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Los Angeles Yacht Club?
Los Angeles Yacht Club's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Los Angeles Yacht Club
Los Angeles Yacht Club, as a yacht club, is dedicated to providing its members with an array of recreational activities centered around yachting. The club organizes cruises and races for its members, offering an opportunity to indulge in the sport they love. Moreover, Los Angeles Yacht Club also offers lessons to those interested in learning the art of sailing, ensuring that both novices and experienced sailors can enhance their skills. Beyond the sailing aspect, the club also offers social gathering facilities, allowing members to connect and build a sense of community within the yachting world.
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Impact
October, 2024
Los Angeles Yacht Club significantly enhances the recreational offerings in the San Pedro area by providing members with opportunities for yacht cruises, competitive racing, and sailing lessons. Its facilities cater not only to sailing enthusiasts but also foster camaraderie through social gatherings, enriching the local community's social fabric. By maintaining mooring facilities, the Club supports both seasoned sailors and novices, promoting a culture of boating and maritime education. This vibrant hub for recreational maritime activities contributes to the region's economy and tourism by attracting sailing events and enthusiasts, bolstering local businesses and fostering a sense of community among its members.
This information is meant to be a general summary of Los Angeles 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: $5
- Program Service Revenue: $366,920
- Gross Receipts: $629,533
Assets and Liabilities:
- Total Assets: $1,104,601
- Total Liabilities: $49,619
- Net Assets: $1,054,982
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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
$366,920
Organization Details
Phone
(310) 831-1203Principal Officer
Duncan Mcduffie
Main Address
285 WHALERS WALK, SAN PEDRO, CA, 90731
NTEE Category
Code: N03 - Recreation
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