Corinthian Yacht Club

Organization Overview

Corinthian Yacht Club is located in Marblehead, MA. The organization was established in 1936. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 10/2021, Corinthian Yacht Club employed 99 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Corinthian Yacht Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.

For the year ending 10/2021, Corinthian Yacht Club generated $5.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $3.9m during the year ending 10/2021. While expenses have increased by 1.5% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO FOSTER A COMPETITIVE SAILING CLUB AND NURTURE A CULTURE FRIENDLY TO FAMILIES

Describe the Organization's Program Activity:

Part 3 - Line 4a

TAX EXEMPT CLUB ACTIVITIES.


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Board, Officers & Key Employees

Name (title)Compensation
Robert Hastings
Operations General Manager
$149,282
David Titus
Clubhouse General Manager
$147,667
William Quinn
Commodore
$0
Karl Renney
Rear Commodore
$0
James Raisides
Vice Commodore
$0
Patricia Zonnenberg
Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$3,346,145
Investment income $312
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $1,133,370
Miscellaneous Revenue$0
Total Revenue $5,182,272

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$14,880,536
Round Hill Club Incorporated
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$13,385,000

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