THE CORPORATION IS TO BE ORGANIZED AND OPERATED EXCLUSIVELY FOR YACHTING AND RECREATIONAL PURPOSES AND SUCH OTHER SOCIAL AND EDUCATIONAL PURPOSES AS ARE REASONABLY INCIDENTAL THERETO, AND OTHER NON-PROFITABLE PURPOSES WITHIN THE MEANING OF SECTION 501(C)(7) OF THE UNITED STATES INTERNAL REVENUE CODE OF 1954, AS THE SAME MAY BE FROM TIME TO TIME AMENDED. NO PART OF ANY NET EARNINGS OF THE CORPORATION SHALL INURE TO THE BENEFIT OF ANY MEMBER. THE PURPOSES OF THE CORPORATION SHALL BE TO ENCOURAGE AND EDUCATE PERSONS IN YACHTING AND BOATING OF ALL KINDS AND ANY RECREATIONAL OR SOCIAL ACTIVITIES INCIDENTAL THERETO.
Reported officers (all unpaid)
No paid executives reported in 2023. Barnegat Light Yacht Club reported 14 unpaid officers and board members on its 990.
Revenue and expenses over time
Barnegat Light Yacht Club reported revenue and expenses across 2 filing years.
What Recreation & Sports executives earn in New Jersey
Barnegat Light Yacht Club reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable recreation & sports organization in New Jersey earns a median of $40,000.
These are recreation & sports sector-wide figures, not this organization's reported pay. Based on 161 organizations across 161 filings (2021 – 2024).
See full Recreation & Sports pay data for New Jersey →Common questions about Barnegat Light Yacht Club
What are Barnegat Light Yacht Club's revenue and expenses?
In 2023, Barnegat Light Yacht Club reported $254k in total revenue and $225k in total expenses on its IRS Form 990.
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