It all began when a group of enthusiasts of sailing, yachting, and recreational fishing formalized their first initiatives by opening a bank account with an initial deposit of $12.50. The first official activity –a regatta of all the members’ sloops, barges and boats was held at the Condado Lagoon in 1930. In 1933, the foundations of the organization’s headquarter was laid next to San Antonio Channel at Stop 9 1/2 in San Juan, a location where the institution remains to this day.