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Winard Yacht Club

King Harbor Yacht Club

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

EIN: 952147448 ✦ Redondo beach, CA ✦ Designated as a 501(c)(7)

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Overview

What is Winard Yacht Club?

Winard Yacht Club, also known as King Harbor Yacht Club, is a nonprofit organization situated in Redondo Beach, California. With a staff of 30, the club offers its members various facilities and services, including slip and dock storage for their boats at its marina and on Catalina Island. The primary mission of Winard Yacht Club is to foster a social and sailing environment for its members, providing them with a range of amenities. The organization's activities are centered around offering boat storage and dock facilities to its members, promoting a nautical community and shared enjoyment of marine activities.


Official website here: www.khyc.org

Is Winard Yacht Club legitimate?

Winard Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Winard 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: $456,739

For more financial information, click here


Official website here: www.khyc.org

What is the mission statement of Winard Yacht Club?

The Winard Yacht Club is dedicated to offering social and sailing amenities and assistance to its members. This includes providing boat storage and dock facilities for their vessels at both the club marina and Catalina Island. The club's primary objective is to cater to the needs of its members in the realm of sailing and social activities.


Official website here: www.khyc.org

Who is the CEO of Winard Yacht Club?

Robert Farmer is the Commodore of Winard Yacht Club.


Official website here: www.khyc.org

What is the revenue of Winard Yacht Club?

Winard Yacht Club's revenue in 2022 was $1,537,086.


Official website here: www.khyc.org

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

The average compensation at Winard Yacht Club during 2022 was $15,225. There are 30 employees at Winard Yacht Club.


Here are 5 key members and their salaries:


Francie Hope (Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dorian Harris (Vice Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andy Beggs (Rear Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Janine Thompson (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Farmer (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.khyc.org

Where can I find the form 990 for Winard Yacht Club?

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


Official website here: www.khyc.org

Learn more at the official website: www.khyc.org

Mission Statement of Winard Yacht Club

Winard Yacht Club, as a nonprofit organization, is committed to offering social and sailing facilities and services to its members. One of its primary missions is to provide boat storage and dock facilities for the members' vessels at its marina and on Catalina Island. This allows members to have easy access to their boats and enjoy sailing in a convenient and secure environment. By offering these facilities, Winard Yacht Club fosters a sense of community among its members, encouraging social interaction and shared sailing experiences.

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Impact




October, 2024

Winard Yacht Club significantly enhances the community by offering essential social and sailing facilities that foster camaraderie among members and promote a vibrant maritime culture. Located in Redondo Beach, California, the club provides its members with convenient boat storage and dock facilities, including access to the marina and Catalina Island. This not only supports local sailing enthusiasts but also encourages recreational activities that contribute to the well-being and enjoyment of the community. By facilitating these opportunities, the club plays a vital role in enriching the local lifestyle and promoting outdoor recreational activities that strengthen community bonds.




This information is meant to be a general summary of Winard 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
$1,537,086 (2022)
Expenses
$1,228,356 (2022)
Efficiency

Other financial information:

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

  • Program Service Revenue: $209,956
  • Gross Receipts: $2,284,179

Assets and Liabilities:

  • Total Assets: $2,963,963
  • Total Liabilities: $209,867
  • Net Assets: $2,754,096

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Programs

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

Boat Storage

Revenue

$136,734

King Harbor Dock

Revenue

$461

House Usage

Revenue

$41,354

Race Events

Revenue

$8,383

Social Events

Revenue

$2,405

Organization Details

Founding Year

1949

Principal Officer

Robert Farmer

Main Address

280 Yacht Club Way, Redondo Beach, CA, 90277

NTEE Category

Code: N50 - Recreation

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