Nonprofit · EIN 03-0453940
NANTUCKET YACHT CLUB FOUNDATION INC
Tax-exempt (reinstated) · NANTUCKET, MA 02554
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| October 31, 2025 | 990-EZ | $5,484 | $2,773 | $2,711 | $330,736 | $0 | $330,736 |
| September 30, 2025 | 990 | $210,045 | $105,457 | $104,588 | $327,792 | $0 | $327,792 |
| September 30, 2024 | 990-EZ | $102,886 | $91,319 | $11,567 | $222,895 | $0 | $222,895 |
| September 30, 2023 | 990-EZ | $134,055 | $62,947 | $71,108 | $211,327 | $0 | $211,327 |
Financial details: 990-EZ for the year ended October 31, 2025
Revenue
- Contributions, gifts and grants
- $4,900
- Investment income
- $584
Expenses
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $2,743
- Other expenses
- $30
Balance sheet and other
- Total assets, start of year
- $327,792
- Total assets, end of year
- $330,736
- Total liabilities, end of year
- $0
- Net assets, end of year
- $330,736
- Cash, savings and investments
- $330,736
- Gross receipts
- $5,484
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended October 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GREGORY FOWLKES | DIRECTOR | 0 | $0 |
| PETER A MCEACHERN | DIRECTOR | 1 | $0 |
| LUCINDA BALLARD | DIRECTOR | 0 | $0 |
| DAVID G KING JR | DIRECTOR | 0 | $0 |
| DAVID WORTH | DIRECTOR | 0 | $0 |
| JAMES F CROWLEY | DIRECTOR | 0 | $0 |
| JOHN NICHOLS | DIRECTOR | 0 | $0 |
| DR ROBERT STANTON | DIRECTOR | 0 | $0 |
| WHITNEY GIFFORD | DIRECTOR | 0 | $0 |
| JAMES WATERBURY | DIRECTOR | 0 | $0 |
| CAROLINE BRECKER YENOR | DIRECTOR | 0 | $0 |
| BURTON C HURLOCK | DIRECTOR | 0 | $0 |
990 for the year ended September 30, 2025: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GREGORY FOWLKES | DIRECTOR Trustee or director | 0 | $0 |
| EUGENE H CLAPP III | TREASURER Trustee or director, Officer | 1 | $0 |
| PETER A MCEACHERN | DIRECTOR Trustee or director, Officer | 1 | $0 |
| LUCINDA BALLARD | DIRECTOR Trustee or director | 0 | $0 |
| DAVID G KING JR | DIRECTOR Trustee or director | 0 | $0 |
| DAVID WORTH | DIRECTOR Trustee or director | 0 | $0 |
| JEANNE C MILLER | PRESIDENT Trustee or director, Officer | 1 | $0 |
| WHITNEY A GIFFORD | DIRECTOR Trustee or director | 0 | $0 |
| JAMES F CROWLEY | DIRECTOR Trustee or director | 0 | $0 |
| JOHN NICHOLS | DIRECTOR Trustee or director | 0 | $0 |
| DR ROBERT STANTON | DIRECTOR Trustee or director | 0 | $0 |
| TARA VITTONE | CLERK Trustee or director | 0 | $0 |
| JAMES WATERBURY | DIRECTOR Trustee or director | 0 | $0 |
| CAROLINE BRECKER YENOR | DIRECTOR Trustee or director | 0 | $0 |
| BURTON HURLOCK | DIRECTOR Trustee or director | 0 | $0 |
990-EZ for the year ended September 30, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GREGORY FOWLKES | DIRECTOR | 0 | $0 |
| PETER A MCEACHERN | DIRECTOR | 1 | $0 |
| LUCINDA BALLARD | DIRECTOR | 0 | $0 |
| DAVID G KING JR | DIRECTOR | 0 | $0 |
| DAVID WORTH | DIRECTOR | 0 | $0 |
| JAMES F CROWLEY | DIRECTOR | 0 | $0 |
| JOHN NICHOLS | DIRECTOR | 0 | $0 |
| DR ROBERT STANTON | DIRECTOR | 0 | $0 |
| TARA VITTONE | DIRECTOR | 0 | $0 |
| JAMES WATERBURY | DIRECTOR | 0 | $0 |
| CAROLINE BRECKER YENOR | DIRECTOR | 0 | $0 |
| JEANNE MILLER | DIRECTOR | 0 | $0 |
990-EZ for the year ended September 30, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GREGORY FOWLKES | FORMER PRESIDENT | 0 | $0 |
| EUGENE H CLAPP III | TREASURER | 0 | $0 |
| PETER A MCEACHERN | DIRECTOR | 1 | $0 |
| LUCINDA BALLARD | DIRECTOR | 1 | $0 |
| DAVID G KING JR | DIRECTOR | 1 | $0 |
| DAVID WORTH | DIRECTOR | 0 | $0 |
| BURTON HURLOCK | PRESIDENT | 0 | $0 |
| WHITNEY A GIFFORD | SECRETARY | 1 | $0 |
| JAMES F CROWLEY | DIRECTOR | 1 | $0 |
| JOHN NICHOLS | DIRECTOR | 0 | $0 |
| DR ROBERT STANTON | DIRECTOR | 0 | $0 |
| TARA VITTONE | DIRECTOR | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 1 S BEACH ST, NANTUCKET, MA 02554-6100
- In care of
- % NANTUCKET YACHT CLUB
- Mailing address (990-N for 2016)
- 1 South Beach Street, Nantucket MA 02554
- Principal officer (990-N for 2016)
- Whitney Gifford, 19 Keel Lane, Nantucket MA 02554
- Signed the 990-EZ
- JEANNE C MILLER, PRESIDENT
- Phone
- (508) 228-1400
- Return prepared by
- PKF O'CONNOR DAVIES ADVISORY LLC
Mission
TO AWARD SCHOLARSHIPS
Program accomplishments
- THE FOUNDATION WAS ESTABLISHED TO RAISE FUNDS FOR THE PURPOSE OF AWARDING SCHOLARSHIPS TO ASSIST PERSONS AFFILIATED WITH NANTUCKET.
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in October, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | October 31, 2026 | March 15, 2027 | Not due yet |
| 2024 | October 31, 2025 | March 16, 2026 | 990-EZ on file |
| 2023 | October 31, 2024 | March 17, 2025 | Check at the IRS |
IRS record
- EIN
- 03-0453940
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2022
- Accounting year ends
- October
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $330,736
- Income (IRS master file)
- $5,484
Revocation and reinstatement
- Exemption revoked
- February 15, 2021
- Posted by the IRS
- May 10, 2021
- Reinstated
- Effective February 15, 2021
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | October 2025 | $5,484 | $2,773 | $330,736 | XML |
| 990 | September 2025 | $210,045 | $105,457 | $327,792 | XML |
| 990-EZ | September 2024 | $102,886 | $91,319 | $222,895 | XML |
| 990-EZ | September 2023 | $134,055 | $62,947 | $211,327 | XML |
| 990-EZ | September 2022 | – | – | – | IRS |
| 990-EZ | September 2021 | – | – | – | IRS |
| 990-N for 2016 Officer: Whitney Gifford | September 30, 2017 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 03-0453940).
Questions about NANTUCKET YACHT CLUB FOUNDATION INC
- What is the EIN of NANTUCKET YACHT CLUB FOUNDATION INC?
- The employer identification number (EIN) of NANTUCKET YACHT CLUB FOUNDATION INC is 03-0453940.
- Is NANTUCKET YACHT CLUB FOUNDATION INC tax-exempt?
- Yes. The IRS revoked its exemption on February 15, 2021 and reinstated it effective February 15, 2021.
- Are donations to NANTUCKET YACHT CLUB FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NANTUCKET YACHT CLUB FOUNDATION INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of NANTUCKET YACHT CLUB FOUNDATION INC due?
- The return for tax year 2025 (the year ending October 31, 2026) is due March 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NANTUCKET YACHT CLUB FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended October 2025.
- Who is the principal officer of NANTUCKET YACHT CLUB FOUNDATION INC?
- The 990-N for 2016 names Whitney Gifford.
- Who are the officers and directors of NANTUCKET YACHT CLUB FOUNDATION INC?
- The 990-EZ for the year ended October 31, 2025 lists 12 people; 0 received compensation from the organization.
- How much revenue does NANTUCKET YACHT CLUB FOUNDATION INC have?
- On its 990-EZ for the year ended October 31, 2025 it reported revenue of $5,484, expenses of $2,773 and total assets of $330,736 at year end.
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