Newport Harbor Yacht Club

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

EIN: 951049160 ✦ Newport beach, CA ✦ Designated as a 501(c)(7)

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Overview

What is Newport Harbor Yacht Club?

Newport Harbor Yacht Club, situated in Newport Beach, California, serves as a social hub for its members. The club's primary purpose is to foster a sense of community and camaraderie among its members. As a nonprofit organization, it provides a platform for social interaction, offering various activities and events that cater to its members' interests. The club's mission is centered around social engagement, making it a social or country club in essence.

Is Newport Harbor Yacht Club legitimate?

Newport Harbor Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Newport Harbor 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: $4,116,690

For more financial information, click here

What is the mission statement of Newport Harbor Yacht Club?

The Newport Harbor Yacht Club serves as a social club, catering to its members with a mission to facilitate social interactions. This club does not specify any particular objectives beyond fostering camaraderie among its members. The focus of this establishment is primarily on providing a social atmosphere for its members to engage and connect. This summary is derived from the information provided.

Who is the CEO of Newport Harbor Yacht Club?

P Stemler is the Treasurer of Newport Harbor Yacht Club.

What is the revenue of Newport Harbor Yacht Club?

Newport Harbor Yacht Club's revenue in 2022 was $9,206,543.

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

The average compensation at Newport Harbor Yacht Club during 2022 was $27,083. There are 152 employees at Newport Harbor Yacht Club.


Here are 9 key members and their salaries:


J Aschieris (Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
J Keith Yonkers (Vice Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
B Burke (Rear Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
R Randle (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
P Stemler (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
G Nick Madigan (Asst Treas.)
  • Compensation: $0
  • Related: $0
  • Other: $0
J M Curci (Dir-House Comm.)
  • Compensation: $0
  • Related: $0
  • Other: $0
S Sims (Dir - Membership)
  • Compensation: $0
  • Related: $0
  • Other: $0
B Bissell (Asst Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Newport Harbor Yacht Club?

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

Mission Statement of Newport Harbor Yacht Club

Newport Harbor Yacht Club serves as a social hub for its members, prioritizing camaraderie and community within its mission. This prestigious club, located in Newport Beach, California, operates with a primary focus on fostering a social environment for its members. The club's mission is centered around providing a platform for its members to engage, connect, and build relationships.

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Impact




October, 2024

Newport Harbor Yacht Club significantly enhances the community by providing a vibrant social space for its members. Situated in Newport Beach, CA, it fosters a sense of camaraderie and connection among individuals who share a passion for nautical activities and recreation. The club’s activities not only promote a love for sailing and yachting but also encourage engagement in various social events, enriching the lives of its members both on and off the water.

With its picturesque location and dedicated facilities, the yacht club serves as a hub for recreational activities, attracting both local residents and visitors. By organizing regattas, sailing lessons, and community events, Newport Harbor Yacht Club contributes to the local economy and promotes Newport Beach as a popular destination for boating enthusiasts. Additionally, the club nurtures lifelong friendships and community ties, enriching the social fabric of the area while upholding traditions that celebrate the joys of sailing and waterfront living.




This information is meant to be a general summary of Newport Harbor 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
$9,206,543 (2022)
Expenses
$9,312,605 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $2,307
  • Program Service Revenue: $5,906,441
  • Gross Receipts: $11,501,208

Assets and Liabilities:

  • Total Assets: $22,204,403
  • Total Liabilities: $9,879,783
  • Net Assets: $12,324,620

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Programs

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

MEMBERS DUES

Revenue

$4,030,110

MOORING AND BOATING FEES

Revenue

$952,903

JR PROGRAM & ENTRY FEES

Revenue

$923,428

Organization Details

Founding Year

1917

Principal Officer

P Stemler

Main Address

720 WEST BAY AVE, NEWPORT BEACH, CA, 92661

NTEE Category

Code: N50 - Recreation

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