The flag on the main mast represents the New York Yacht Club, BURGEE
The New York Yacht Club (NYYC) is a private social club and yacht club based in New York City and Newport, Rhode Island. It was founded in 1844 by nine prominent sportsmen. The members have contributed to the sport of yachting and yacht design. As of 2001, the organization was reported to have about 3.000 members.