named programs · 4 · from sources
What they call their work
IC37 Kickoff
Annual event in Newport, RI marking the start of the IC37 racing season, featuring coaching clinics, drills, and practice sailing.
Public Tours
Offers monthly public tours of the Model Room at the 44th Street clubhouse in Manhattan and the grounds of Harbour Court in Newport, RI.
Rolex New York Yacht Club Invitational Cup
Biennial amateur big-boat racing event hosted at Harbour Court in Newport, RI, using a fleet of 20 IC37 one-design boats; attracts international yacht club teams and Corinthian sailors.
Team and Match Racing Program
Operates a fleet of 22 Sonar sailboats at Harbour Court for competitive team and match racing, offering high-level amateur competition.
activities · 4 groups
What they do
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Recreational Boating and Sailing Programs 2 activities
- Organizes and hosts sailing regattas and racing eventsHosts annual and biennial sailing events including Race Week at Newport presented by Rolex since 1998, the Rolex New York Yacht Club Invitational Cup since 2009, and develops one-design racing classes such as the IC37. Events attract over 1,000 sailors from more than 40 yacht clubs across 21 countries and six continents.
- Supports fleet development and racing programsPurchased 14 Sonar sailboats in 2006 and expanded the fleet to 22 Sonars by 2014 to support team and match racing; transitioned the Invitational Cup to a fleet of 20 IC37 race boats in 2019, a one-design class developed by the Club.
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Private Social and Recreational Clubs 1 activity
- Operates and maintains private clubhouses and facilitiesManages two historically significant clubhouses in New York City and Newport, Rhode Island, including a Gothic Revival building in Hoboken (1845), a Beaux-Arts clubhouse on 44th Street in Manhattan, and Harbour Court in Newport, commissioned in 1988 as the first permanent waterfront facility. Facilities include a 3,800-square-foot Model Room and a library with capacity for 15,000 books.
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Historic Building Restoration and Preservation 1 activity
- Preserves and restores historic club buildingsRaises funds and supports efforts to maintain, restore, and preserve the New York Yacht Club’s two architecturally significant properties, including advocacy for landmark designation such as the 1979 NYC Landmarks Preservation Commission designation of the 44th Street clubhouse exterior.
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Guided Historic Site Tours 1 activity
- Provides public access to historic club facilities through toursOffers monthly public tours of the Model Room at its New York City clubhouse and the exterior grounds of Harbour Court in Newport, RI, limited to 15 participants and lasting 20–30 minutes, held on the last Tuesday of each month except for specified months.
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financials · form 990 · fy2024
revenue
Total revenue$28.89M
Contributions & grants$00%
Program service revenue$15.10M52%
Investment income$997K3%
Other revenue$12.79M
expenses
Total expenses$28.36M
Program expenses—
Admin / overhead—
Fundraising—
Salaries & benefits$15.64M
Grants paid out$1.12M
Largest expense lineCompensation
balance sheet
Total assets$54.73M
Cash$1.26M
Investments$10.68M
Liabilities$3.67M
Net assets$51.06M
Liquid reserves5.1 mo
3 years on record · 2020–2024 · YoY revenue +7.1%
leadership · form 990 part vii · fy2024
Who runs it
paid leadership · 7
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| JAMES B BOYD | CO-GENERAL MANAGER | 40 | $629K |
| TIMOTHY J MCCORMICK | CO-GENERAL MANAGER | 38 | $603K |
| MICHAEL CRONIN CPA | COMPTROLLER | 38 | $494K |
| JOHN RELLAH JR | EXECUTIVE CHEF | 38 | $359K |
| JULIA GARABEDIAN RUEGG | DIRECTOR OF FACILITIES | 38 | $281K |
| TIMOTHY HILL | SENIOR DIRECTOR OF COMM. & MEMBER | 38 | $273K |
| MATTHEW DELANEY | CHIEF ENGINEERING | 40 | $245K |
board members · 18
- AUSTIN T FRAGOMEN JR — TRUSTEE
- BELINDA J SHEPARD — TRUSTEE
- BENJAMIN E KINNEY — TRUSTEE
- BENJAMIN I DYETT JR — TRUSTEE
- BRIAN C FOX — TRUSTEE
- CLARE G HARRINGTON — VICE COMMODORE
- CORNELIA F SERTL — TRUSTEE
- D'ARCY CARR — TRUSTEE
- FORREST G WILLIAMS II — TRUSTEE
- G THOMPSON HUTTON — TRUSTEE
- JAMES A HILTON SR — TRUSTEE
- L JAY CROSS — COMMODORE
- LINDA LINDQUIST-BISHOP — TRUSTEE
- PETER J CUMMISKEY — REAR COMMODORE
- PETER LEVESQUE — TRUSTEE
- PETER MCCLENNEN — TRUSTEE
- PETER P BENEDETTO II — SECRETARY
- RALPH U WHIPPLE JR — TRUSTEE
relationships · 9
Who they work with
- City of New York Landmarks Preservation Commission Government — Designated the exterior of the NYYC's 44th Street building as a landmark in 1979.
- Julia Govoni Partner — Events Coordinator responsible for managing and providing information about the IC37 Kickoff event.
- New York Yacht Club Partner — Foundation established to support the preservation of buildings owned by the New York Yacht Club.
- ORC: Offshore Racing Council Partner — Partner organization responsible for maintaining and administering the ORC Rating System and ORC International handicap rule
- Peabody Essex Museum Partner — Provided an illustration of Cleopatra's Barge used in NYYC historical materials.
- Rolex Partner — Title sponsor of Race Week at Newport and the New York Yacht Club Invitational Cup.
- US Sailing Partner — Partner organization linked as the National Governing Body for the sport of sailing in the United States
- Whitney Warren Partner — Architect selected to design the 44th Street Clubhouse, whose vision integrated nautical symbolism and the club's identity into the building's structure.
- World Sailing Partner — Partner organization recognized as the world governing body for the sport of sailing and officially recognized by the International Olympic Committee
strategies · 3
How they approach the work
Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.
- Amateur-Driven Innovation in Naval Architecturemethodology: amateur_driven_naval_architectureBy fostering naval architecture from an amateur perspective, the club promotes romantic engagement and personal passion, which it believes sustains authentic innovation and cultural continuity in yachting, as opposed to professionalized or commercialized design.
- Level-Field Racing Through Standardized Fleet Designmethodology: one_design_racing_standardizationBy using standardized boats and equipment in the IC37 class, the club produces equitable and competitive racing outcomes because skill—not vessel customization—becomes the determining factor, enhancing fairness and accessibility for amateur sailors.
- Tradition-Centered Identity Through Symbolic Core Spacesmethodology: model_room_as_core_identityBy centering the club’s identity around the Model Room as a symbolic and functional heart, the club reinforces continuity of maritime tradition and member belonging, because shared physical and historical space deepens engagement and institutional stewardship.