Larchmont Yacht Club

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

EIN: 131716713 ✦ Larchmont, NY ✦ Designated as a 501(c)(7)

Overview

What is Larchmont Yacht Club?

The Larchmont Yacht Club is a nonprofit organization that fosters an interest in yachting and develops a sportsmanlike spirit among its members and their families. They provide an engaging social environment to promote yacht racing in the Corinthian spirit. The club's mission is to instill and strengthen the passion for yachting in its members, as well as offer programs that encourage and support yacht racing.


Official website here: www.larchmontyc.org

Is Larchmont Yacht Club legitimate?

Larchmont Yacht Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Larchmont 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 not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $219,841
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,169,024

For more financial information, click here


Official website here: www.larchmontyc.org

What is the mission statement of Larchmont Yacht Club?

The Larchmont Yacht Club is dedicated to fostering a passion for yachting among its members and their families. It actively encourages and offers programs to promote and sustain yacht racing, instilling the principles of sportsmanship. The club provides a socially engaging environment for its members, supporting the pursuit of yachting interests in a Corinthian spirit.


Official website here: www.larchmontyc.org

Who is the CEO of Larchmont Yacht Club?

Collamore R Crocker is the Commodore of Larchmont Yacht Club.


Official website here: www.larchmontyc.org

What is the revenue of Larchmont Yacht Club?

Larchmont Yacht Club's revenue in 2022 was $13,319,555.


Official website here: www.larchmontyc.org

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

The average compensation at Larchmont Yacht Club during 2022 was $18,359. There are 348 employees and 100 volunteers at Larchmont Yacht Club.

Here are 18 key members and their salaries:

    Harper Sibley (Former General Manager)
  • Compensation: $304,186
  • Related: $0
  • Other: $10,653

    • Rodrigo Amaral (Tennis Pro)
  • Compensation: $199,453
  • Related: $0
  • Other: $27,815

    • Kerry Risley-Fredericks (Controller)
  • Compensation: $169,591
  • Related: $0
  • Other: $28,830

    • Somer Perez (F&B Director)
  • Compensation: $154,399
  • Related: $0
  • Other: $16,074

    • Robert E Dailey Jr (Commodore) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Steven J Leicht (Vice Commodore) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • J Christopher Schoen (Rear Commodore) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Merrill A Ulmer (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Collamore R Crocker (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Hl Devore (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Corey A Evaes (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Colin A Mcgranahan (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Karen E Ronan (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Brian P Mccloskey (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Andrew B Weiss (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Edward J Ferrarone Iii (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jane R Mcfarland (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ann M Mccreery (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.larchmontyc.org

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

    The Larchmont Yacht Club’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.larchmontyc.org

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

    Mission Statement of Larchmont Yacht Club

    Larchmont Yacht Club, a esteemed organization, strives to ignite and foster a passion for yachting among its members and their families. By promoting the Corinthian spirit, this club encourages a healthy competitive nature, enhancing the boating experience for all.

    The mission of Larchmont Yacht Club is multifaceted. It aims to instill and cultivate a deep-rooted interest in yachting within its community, extending this enthusiasm to the families of its members. Furthermore, the club is dedicated to supporting and encouraging yacht racing, providing programs to facilitate this pursuit.

    Through its initiatives, Larchmont Yacht Club fosters a lively, engaging social environment, where members and their loved ones can connect and thrive in their shared appreciation for yachting. The organization's commitment to the Corinthian spirit ensures a fair, respectful, and sportsmanlike atmosphere, where members can enjoy camaraderie and friendly competition on the water.

    Impact

    This information is meant to be a general summary of Larchmont Yacht Club. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    The impact of Larchmont Yacht Club is primarily focused on instilling and enhancing an interest in yachting, fostering a spirit of sportsmanship among its members and their families, and promoting and supporting yacht racing in the Corinthian spirit. Through its activities and programs, the club provides an active and enjoyable social environment for its members, encouraging participation in yachting and fostering a sense of community among sailing enthusiasts.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

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

  • Investment Income: $4,783
  • Program Service Revenue: $8,579,404
  • Gross Receipts: $14,605,139

    • Assets and Liabilities:
  • Total Assets: $29,032,693
  • Total Liabilities: $13,127,483
  • Net Assets: $15,905,210
  • Programs

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

    MEMBERSHIP DUES

    Revenue

    $5,875,135

    CAPITAL ASSESSMENT

    Revenue

    $1,668,697

    INITIATION FEES

    Revenue

    $1,035,572

    Organization Details

    Founding Year

    1887

    Principal Officer

    Collamore R Crocker

    Main Address

    1 WOODBINE AVENUE, LARCHMONT, NY, 10538

    NTEE Category

    Code: N50 - Recreation

    If you are a representative of Larchmont Yacht Club and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.