The Lake Murray Yacht Club was founded on May 27, 1995 primarily as a social group to provide camaraderie and fellowship for boat owners at Lake Murray. As the Yacht Club grew in membership, there was the desire to do something meaningful for the lake area and those who enjoy boating. Its first real project was to place buoys on the lake, which involved going to the state to obtain permission, since Lake Murray is an Oklahoma State Park. Permission was granted on the condition that the Yacht Club maintain the buoys. Initially, about 40 buoys were placed and now there are about 55.
The corporation structure includes a board of directors and officers who coordinate the business of the corporation, inform Yacht Club members through regular meetings and newsletters and respond to member concerns as they pertain to the stated mission of the Yacht Club.