Lido Isle Yacht Club

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

EIN: 953301201 ✦ Newport beach, CA ✦ Designated as a 501(c)(7)

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Overview

What is Lido Isle Yacht Club?

The Lido Isle Yacht Club, situated in Newport Beach, California, is a nonprofit organization with a strong focus on nurturing young sailors. Their primary mission is to foster camaraderie within the Lido Isle community, and they achieve this through various activities. The club's largest undertaking is the summer youth sailing program, which offers instruction to children. Besides this, the club also organizes events for adults, including social gatherings and sailing instruction. The Lido Isle Yacht Club, with a team of 24 dedicated individuals, aims to promote seamanship and a sense of community among its members.


Official website here: www.liyc.net

Is Lido Isle Yacht Club legitimate?

Lido Isle Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Lido Isle 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: $198,901

For more financial information, click here


Official website here: www.liyc.net

What is the mission statement of Lido Isle Yacht Club?

The Lido Isle Yacht Club's mission is centered around fostering seafaring skills and fellowship within its community. The club's largest activity is a summer youth sailing program, aimed at teaching young individuals the art of sailing. In addition to this, the club organizes social gatherings and sailing instruction events for adults, thereby encouraging camaraderie among its members. The youth sailing program is a significant aspect of the club's activities, providing sailing instruction to its young members.


Official website here: www.liyc.net

Who is the CEO of Lido Isle Yacht Club?

William Johnson is the Treasurer of Lido Isle Yacht Club.


Official website here: www.liyc.net

What is the revenue of Lido Isle Yacht Club?

Lido Isle Yacht Club's revenue in 2022 was $445,490.


Official website here: www.liyc.net

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

The average compensation at Lido Isle Yacht Club during 2022 was $8,288. There are 24 employees and 25 volunteers at Lido Isle Yacht Club.


Here are 9 key members and their salaries:


Mike Potter (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Schlegel (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike O'Shea (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jon Flagg (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Russ Butcher (Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Clement (Jr Staff Cdmre)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tisha Sitzer (Vice Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Bullock (Rear Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Johnson (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.liyc.net

Where can I find the form 990 for Lido Isle Yacht Club?

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


Official website here: www.liyc.net

Learn more at the official website: www.liyc.net

Mission Statement of Lido Isle Yacht Club

Lido Isle Yacht Club, as a community-focused organization, is dedicated to fostering seamanship and camaraderie among its members. The club's largest activity is its summer youth sailing program, which provides sailing instruction to children, encouraging a love for the sea and sailing skills. In addition to this, the club organizes events for adults, offering opportunities for social gathering and sailing instruction. These activities aim to bring the community closer and foster a shared passion for sailing.

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Impact




October, 2024

Lido Isle Yacht Club significantly enhances the Lido Isle community by promoting seamanship and fostering camaraderie among its members. The club’s summer youth sailing program stands out as its largest initiative, providing children with valuable sailing instruction while nurturing a love for the water and teamwork. This program not only equips young sailors with essential skills but also builds lasting friendships and a sense of belonging within the community.

In addition to youth activities, the club hosts various adult events that combine social gatherings with sailing instruction. These gatherings serve as a platform for community members to connect, share experiences, and deepen their sailing knowledge, thereby reinforcing the club's mission of cultivating a supportive and engaged community.

Overall, Lido Isle Yacht Club plays a crucial role in enriching the recreational landscape of Newport Beach, creating opportunities for personal growth, social interaction, and a shared passion for sailing among residents of all ages.




This information is meant to be a general summary of Lido Isle 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
$445,490 (2022)
Expenses
$510,905 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $48
  • Program Service Revenue: $358,947
  • Gross Receipts: $460,454

Assets and Liabilities:

  • Total Assets: $226,948
  • Total Liabilities: $0
  • Net Assets: $226,948

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Programs

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

ADULT SAILING

Revenue

$2,915

EVENTS

Revenue

$64,851

Membership Dues & Assessments

Revenue

$159,828

YOUTH SAILING

Revenue

$131,353

Organization Details

Founding Year

1928

Principal Officer

William Johnson

Main Address

701 VIA LIDO SOUD, NEWPORT BEACH, CA, 92663

NTEE Category

Code: N50 - Recreation

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