Fairwind Yacht Club

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

EIN: 952482880 ✦ Marina del rey, CA ✦ Designated as a 501(c)(7)

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Overview

What is Fairwind Yacht Club?

Fairwind Yacht Club is a sailing cooperative situated in both Marina Del Rey and Oxnard Harbors, California. The club, which does not own a clubhouse, is primarily focused on promoting sailing among children from Boys & Girls Clubs. Members contribute quarterly dues to utilize the club's boats kept in slips at both harbors. The Fairwind Yacht Club also organizes events such as club cruises, open houses, and sailing opportunities for the public, aiming to expand the sailing community.


Official website here: www.fairwind.org

Is Fairwind Yacht Club legitimate?

Fairwind Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Fairwind 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: $0

For more financial information, click here


Official website here: www.fairwind.org

What is the mission statement of Fairwind Yacht Club?

The Fairwind Yacht Club operates as a sailing cooperative, providing its members with the opportunity to sail boats kept in slips at Marina Del Rey and Oxnard Harbors in California. The club's mission is multifaceted. It serves as an educational platform, teaching sailing skills to both its members and children from local clubs. Furthermore, the Fairwind Yacht Club sponsors club cruises and hosts monthly open houses, inviting the public to participate in sailing activities. In addition to these activities, the club encourages its members to volunteer their time, contributing to the youth sailing programs in both harbors.


Official website here: www.fairwind.org

Who is the CEO of Fairwind Yacht Club?

Uta Buschor is the Treasurer of Fairwind Yacht Club.


Official website here: www.fairwind.org

What is the revenue of Fairwind Yacht Club?

Fairwind Yacht Club's revenue in 2022 was $494,394.


Official website here: www.fairwind.org

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

There 11 volunteers at Fairwind Yacht Club.


Here are 11 key members and their salaries:


Lenox Grasso (Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Uta Buschor (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Povar (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lenox Grasso (Port Captain)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Kelly (Port Captain Ci)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Hallahan (Rear Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Drew Baldwin (Rear Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Oded Barlev (Membership Sec)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bruce Gale (Membership Sec)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ping Alldredge (Fleet Captain)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill Mattson (Fleet Captain)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.fairwind.org

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

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


Official website here: www.fairwind.org

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

Mission Statement of Fairwind Yacht Club

Fairwind Yacht Club, a sailing cooperative, serves as a platform for sailing enthusiasts in California. Unlike traditional yacht clubs, Fairwind Yacht Club does not own a clubhouse but instead offers its members the opportunity to sail boats housed in slips in Marina Del Rey and Oxnard Harbors. Members contribute through quarterly dues and also volunteer their time, particularly in teaching sailing skills to children through the BoysX and Girls' Club programs in both harbors. The club is deeply committed to this educational aspect, as well as sponsoring club cruises and hosting monthly open houses for the public to enjoy sailing.

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Impact




October, 2024

Fairwind Yacht Club fosters a vibrant sailing community in Marina del Rey and Oxnard Harbors by offering accessible sailing opportunities for both members and the public. By providing a platform for individuals to learn the art of sailing, the club empowers local youth, particularly children from the Boys & Girls Clubs, teaching them valuable skills and promoting teamwork. Through its club cruises and regular open houses, Fairwind Yacht Club encourages social interaction and community bonding among sailing enthusiasts, while also inspiring a love for water sports.

The club operates with a cooperative spirit, where members contribute their time and skills, thus creating a sense of ownership and camaraderie. This involvement not only enriches the members’ experiences but also ensures that the magic of sailing is shared with youth in the area, promoting life skills and confidence among younger generations. In essence, Fairwind Yacht Club strengthens community ties and cultivates a passion for sailing, contributing positively to the recreational landscape of the region.




This information is meant to be a general summary of Fairwind 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
$494,394 (2022)
Expenses
$462,719 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $52
  • Gross Receipts: $506,024

Assets and Liabilities:

  • Total Assets: $781,163
  • Total Liabilities: $271,211
  • Net Assets: $509,952

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Organization Details

Founding Year

1967

Principal Officer

Uta Buschor

Main Address

PO BOX 12684, MARINA DEL REY, CA, 90295

NTEE Category

Code: N50 - Recreation

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