Figure Eight Island Yacht Club Inc.

The Figure Eight Island Yacht Club Inc. is a private social and recreational club located in Wilmington, North Carolina. It provides a variety of social and recreational activities for its members and their guests.

Overview

Figure Eight Island Yacht Club Inc. is classified as a social and recreational club. As such, donations to this organization are not tax-deductible[3]. The club offers amenities like swimming, tennis courts, boat slip rentals, and dining options[4]. It is known for hosting various events, including bingo nights, summer kids camps, and festive celebrations such as New Year's Eve parties and the 4th of July[1][2].

Financial Information

In recent years, the club has reported significant revenue from program services, rental property income, and net inventory sales. In 2023, revenue was approximately $5.41 million, with expenses totaling $5.84 million. The club's total assets were valued at about $7.51 million, while liabilities were approximately $1.05 million[3].

Activities and Events

Besides offering recreational facilities, the club organizes cultural events such as culinary theme nights, featuring gourmet cuisine and wine pairings. These events highlight the club's focus on creating memorable experiences for its members[1].

Location and Setting

Located on the beautiful coast of Wilmington, North Carolina, Figure Eight Island Yacht Club benefits from its scenic position overlooking the Intracoastal Waterway. This setting provides an ideal backdrop for social gatherings and outdoor activities[1][5].