Overview
What is Long Beach Yacht Club?
The Long Beach Yacht Club, situated in Long Beach, California, serves as a hub for maritime events and activities. With a strong focus on recreation and pleasure, the club provides its members with numerous non-profit opportunities. Furthermore, the Long Beach Yacht Club is actively involved in sponsoring events such as the Congressional Cup and various youth programs, contributing to the enjoyment and social benefits of its members. The club employs a team of 131 individuals, dedicated to upholding the club's mission.
Official website here: www.lbyc.org
Is Long Beach Yacht Club legitimate?
Long Beach Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Long Beach 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: $324,517
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,400,306
For more financial information, click here
Official website here: www.lbyc.org
What is the mission statement of Long Beach Yacht Club?
The Long Beach Yacht Club serves the recreational and social needs of its members, pursuing non-profit objectives for their pleasure. Its primary activities include hosting yachting events, sponsoring competitions like the Congressional Cup, and organizing youth activities. These activities aim to provide enjoyment, relaxation, and social benefits to the club's members.
Official website here: www.lbyc.org
What is the revenue of Long Beach Yacht Club?
Long Beach Yacht Club's revenue in 2023 was $6,116,258.
Official website here: www.lbyc.org
Who are the executives of Long Beach Yacht Club and what are their salaries?
The average compensation at Long Beach Yacht Club during 2023 was $12,590. There are 137 employees at Long Beach Yacht Club.
Here are 25 key members and their salaries:
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- Other: $19,680
Official website here: www.lbyc.org
Where can I find the form 990 for Long Beach Yacht Club?
Long Beach Yacht Club's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.lbyc.org
Learn more at the official website: www.lbyc.org
Mission Statement of Long Beach Yacht Club
The Long Beach Yacht Club, as a nonprofit organization, is dedicated to providing recreational and pleasurable activities for its members. Its mission is focused on serving its members' needs, offering a variety of non-profit activities that bring joy and satisfaction. The club has been actively hosting yachting events, sponsoring prestigious competitions such as the Congressional Cup, and organizing youth activities. These initiatives not only cater to the leisure interests of its members but also contribute to their social well-being. In essence, the Long Beach Yacht Club serves as a platform for its members to engage in enjoyable, non-profit activities.
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Impact
October, 2024
Long Beach Yacht Club significantly enhances the local community by fostering a vibrant recreational culture centered around yachting and sailing. It plays a crucial role in hosting prestigious yachting events, including the renowned Congressional Cup, which attracts participants and spectators from around the world, bolstering tourism and local economy.
Through its various youth activities, the club promotes sailing as an accessible sport for younger generations, encouraging physical fitness, teamwork, and lifelong skills. By providing opportunities for social interaction and fellowship among its members, the club strengthens community bonds and creates lasting relationships, further enriching the social fabric of Long Beach. Overall, the Long Beach Yacht Club acts as a catalyst for enjoyment, recreation, and community engagement in the area.
This information is meant to be a general summary of Long Beach 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: $190,855
- Program Service Revenue: $5,998,356
- Gross Receipts: $10,781,236
Assets and Liabilities:
- Total Assets: $10,923,642
- Total Liabilities: $1,314,860
- Net Assets: $9,608,782
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$4,425,576
CAPITAL DUES
Revenue
$587,500
INITIATION FEES
Revenue
$408,321
OTHER PROGRAMS
Revenue
$405,359
CONGRESSIONAL CUP
Revenue
$123,450
Organization Details
Founding Year
1929
Principal Officer
Catherine Vandenberg
Website
www.lbyc.orgNTEE Category
Code: N50 - Recreation
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