Overview
What is Mission Bay Yacht Club?
The Mission Bay Yacht Club, situated in San Diego, California, is a nonprofit organization primarily focused on promoting sailing, sailboat racing, and associated activities. Their mission is deeply rooted in upholding Corinthian Yachting and Sportsmanship, as well as fostering camaraderie and fellowship related to these pursuits. The club's activities encompass various events and competitions, contributing to the overall sailing community in the area. With a team of 72 dedicated individuals, the Mission Bay Yacht Club is committed to its mission and serves as a hub for sailors and enthusiasts in San Diego.
Official website here: www.mbyc.org
Is Mission Bay Yacht Club legitimate?
Mission Bay Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Mission Bay 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: $1,493,187
For more financial information, click here
Official website here: www.mbyc.org
What is the mission statement of Mission Bay Yacht Club?
The Mission Bay Yacht Club's mission is centered around promoting Corinthian Yachting and fostering a spirit of sportsmanship and camaraderie. Their primary objective is to uphold these values, which are integral to their activities. The club primarily focuses on sailing, sailboat racing, and organizing related events. Additionally, they host special events to enhance the overall yachting experience and foster a sense of fellowship among its members.
Official website here: www.mbyc.org
What is the revenue of Mission Bay Yacht Club?
Mission Bay Yacht Club's revenue in 2023 was $3,847,850.
Official website here: www.mbyc.org
Who are the executives of Mission Bay Yacht Club and what are their salaries?
The average compensation at Mission Bay Yacht Club during 2023 was $15,885. There are 94 employees and 79 volunteers at Mission Bay Yacht Club.
Here are 11 key members and their salaries:
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Official website here: www.mbyc.org
Where can I find the form 990 for Mission Bay Yacht Club?
Mission Bay Yacht Club's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.mbyc.org
Learn more at the official website: www.mbyc.org
Mission Statement of Mission Bay Yacht Club
Mission Bay Yacht Club, in its mission, is dedicated to promoting Corinthian Yachting and fostering a spirit of sportsmanship and fellowship. By perpetuating these values, the club aims to enhance the overall experience of sailing and related activities. The club's primary focus is on organizing and encouraging sailboat racing, as well as hosting various special events. These events serve as platforms to connect members and engage in camaraderie, further strengthening the fellowship aspect of the club's mission. In essence, Mission Bay Yacht Club is a community that celebrates the joy of sailing while fostering a sense of unity and sportsmanship among its members.
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Impact
October, 2024
Mission Bay Yacht Club significantly enhances the local community by promoting Corinthian yachting, sportsmanship, and fellowship through a variety of sailing and sailboat racing activities. With its focus on recreational sailing, the club fosters a sense of camaraderie among members and encourages participation in special events that engage both seasoned sailors and newcomers alike. Located in San Diego, CA, the club serves as a hub for water-based recreation, contributing to the vibrant maritime culture of the area. By providing a space for skill development and competition, Mission Bay Yacht Club not only cultivates a love for sailing but also inspires adventurous and responsible enjoyment of water sports within the community.
This information is meant to be a general summary of Mission Bay 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: $9,344
- Program Service Revenue: $1,592,030
- Gross Receipts: $4,435,616
Assets and Liabilities:
- Total Assets: $9,558,435
- Total Liabilities: $6,507,727
- Net Assets: $3,050,708
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Dry Storage Fees
Revenue
$339,288
Wet Storage Fees
Revenue
$526,728
Misc. Junior Programs, Charter Income
Revenue
$525,393
Regatta Entry Fees
Revenue
$68,667
Initiation Fees
Revenue
$131,954
Organization Details
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