Nonprofit · EIN 04-1108550
BOSTON YACHT CLUB
Tax-exempt · MARBLEHEAD, MA 01945
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,613,291 | $3,597,843 | $15,448 | $3,742,536 | $795,191 | $2,947,345 |
| December 31, 2023 | 990 | $3,568,820 | $3,871,528 | -$302,708 | $3,906,973 | $975,076 | $2,931,897 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $6,081
- Program service revenue
- $2,181,584
- Investment income
- $3,426
- Net rental income
- $330,513
- Net income from sales of inventory
- $1,091,687
- Other revenue
- $1,422,200
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $1,883,816
- Salaries, compensation and benefits (total)
- $2,178,440
- Professional fundraising fees
- $0
- Legal fees
- $2,100
- Accounting fees
- $19,687
- Occupancy
- $212,414
- Depreciation
- $262,036
Balance sheet and other
- Total assets, start of year
- $3,906,973
- Total assets, end of year
- $3,742,536
- Total liabilities, end of year
- $795,191
- Net assets, end of year
- $2,947,345
- Land, buildings and equipment
- $3,391,609
- Net assets without donor restrictions
- $2,857,224
- Net assets with donor restrictions
- $90,121
- Gross unrelated business income
- $632,653
- Gross receipts
- $4,450,424
- Employees
- 102
- Volunteers
- 50
- Year formed
- 1866
- State of legal domicile
- MA
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 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LAURI MOORE | GENERAL MANAGER Highest-paid employee | 40 | $113,494 | $4,512 |
| KENNETH BREEN II | DOCKMASTER Highest-paid employee | 40 | $100,598 | $13,487 |
| BRUCE BAKER | COMMODORE Trustee or director, Officer | 10 | $0 | $0 |
| SCOTT SARAZEN | VICE-COMMODOR Trustee or director, Officer | 10 | $0 | $0 |
| KATE RICHARDSEN | REAR COMMODORE Trustee or director, Officer | 8 | $0 | $0 |
| JULIE LIVINGSTON | SECRETARY / CLERK Trustee or director, Officer | 6 | $0 | $0 |
| DONALD R HUMPHREY JR | TREASURER Trustee or director, Officer | 10 | $0 | $0 |
| MICHAEL MICHAUD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| WILLIAM LARKIN | TRUSTEE Trustee or director | 4 | $0 | $0 |
| LAURA BERRY | TRUSTEE Trustee or director | 4 | $0 | $0 |
| ANNE MOSES | TRUSTEE Trustee or director | 5 | $0 | $0 |
| CAROL ARNOLD | TRUSTEE Trustee or director | 4 | $0 | $0 |
| ANTHONY SANTORO | TRUSTEE Trustee or director | 4 | $0 | $0 |
| FLETCHER BOLAND | TRUSTEE Trustee or director | 4 | $0 | $0 |
| SCOTT EDWARDS | TRUSTEE Trustee or director | 4 | $0 | $0 |
7 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SARAH BROPHY | TRUSTEE Trustee or director | 7 | $0 |
| LESLIE ROUSSEAU | TRUSTEE Trustee or director | 7 | $0 |
| DAVID ANDERSON | TRUSTEE Trustee or director | 1 | $0 |
| EDWARD BELL | TRUSTEE Trustee or director | 8 | $0 |
| JASON PANOS | TRUSTEE Trustee or director | 4 | $0 |
| TOM MAGER | TRUSTEE Trustee or director | 4 | $0 |
| ELIZABETH LEBLANC | TRUSTEE Trustee or director | 4 | $0 |
990 for the year ended December 31, 2023: 21 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRUCE BAKER | COMMODORE Trustee or director, Officer | 10 | $0 |
| SCOTT SARAZEN | VICE COMMODORE Trustee or director, Officer | 10 | $0 |
| KATE RICHARDSEN | REAR COMMODORE Trustee or director, Officer | 8 | $0 |
| JULIE LIVINGSTON | SECRETARY Trustee or director, Officer | 6 | $0 |
| DONALD R HUMPHREY JR | TREASURER Trustee or director, Officer | 10 | $0 |
| MICHAEL MICHAUD | FLEET CAPTAIN Trustee or director | 1 | $0 |
| WILLIAM LARKIN | TRUSTEE AT LARGE #1 Trustee or director | 4 | $0 |
| LAURA BERRY | TRUSTEE AT LARGE #2 Trustee or director | 4 | $0 |
| ANNE MOSES | TRUSTEE Trustee or director | 5 | $0 |
| KERRY GAUCH | TRUSTEE Trustee or director | 4 | $0 |
| WILLIAM COLEHOWER THROUGH JUNE 2023 | TRUSTEE Trustee or director | 4 | $0 |
| ANTHONY SANTORO AS OF JULY 2023 | TRUSTEE Trustee or director | 4 | $0 |
| FLETCHER BOLAND | TRUSTEE Trustee or director | 4 | $0 |
| SCOTT EDWARDS | TRUSTEE Trustee or director | 4 | $0 |
| SARAH BROPHY | TRUSTEE Trustee or director | 7 | $0 |
| LESLIE ROUSSEAU | TRUSTEE Trustee or director | 7 | $0 |
| DAVID ANDERSON | TRUSTEE Trustee or director | 1 | $0 |
| EDWARD BELL | TRUSTEE Trustee or director | 8 | $0 |
| JASON PANOS | TRUSTEE Trustee or director | 4 | $0 |
| TOM MAGER | TRUSTEE Trustee or director | 4 | $0 |
| MATTHEW ARNOLD | TRUSTEE Trustee or director | 4 | $0 |
Address and contacts
- Address (IRS master file)
- 1 FRONT ST, MARBLEHEAD, MA 01945-3208
- In care of
- % TREASURER OFFICE
- Principal officer (990 for 2024)
- DONALD R HUMPHREY JR, 1 FRONT ST, MARBLEHEAD, MA 01945
- Signed the 990
- DONALD R HUMPHREY JR, TREASURER
- Phone
- (781) 631-3100
- Website
- WWW.BOSTONYC.ORG
- Return prepared by
- CONDON O'MEARA MCGINTY & DONNELLY LLP
Mission
TO PROMOTE THE GENERAL INTEREST OF THE MEMBERS IN YACHTING, PROVIDE A SOCIAL RELATIONSHIP AMONG MEMBERS AND PROVIDE FACILITIES FOR MEMBER YACHTING.
Program accomplishments
- TAX EXEMPT CLUB ACTIVITIES.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 04-1108550
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1964
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $3,742,536
- Income (IRS master file)
- $4,450,424
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,613,291 | $3,597,843 | $3,742,536 | XML |
| 990 | December 2023 | $3,568,820 | $3,871,528 | $3,906,973 | XML |
| 990 | December 2022 | $3,281,617 | $3,484,729 | $4,053,451 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
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 04-1108550).
Questions about BOSTON YACHT CLUB
- What is the EIN of BOSTON YACHT CLUB?
- The employer identification number (EIN) of BOSTON YACHT CLUB is 04-1108550.
- Is BOSTON YACHT CLUB tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1964.
- Are donations to BOSTON YACHT CLUB tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does BOSTON YACHT CLUB file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BOSTON YACHT CLUB due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BOSTON YACHT CLUB last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of BOSTON YACHT CLUB?
- The 990 for the year ended December 31, 2024 names DONALD R HUMPHREY JR.
- Who are the officers and directors of BOSTON YACHT CLUB?
- The 990 for the year ended December 31, 2024 lists 22 people; 2 received compensation from the organization, the highest $113,494 (LAURI MOORE, GENERAL MANAGER).
- How much revenue does BOSTON YACHT CLUB have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,613,291, expenses of $3,597,843 and total assets of $3,742,536 at year end.
Other nonprofits in MARBLEHEAD
- TOWER SCHOOL IN MARBLEHEAD INC EIN 04-2105750 · last filed 990 for 2025
- THE JEWISH COMMUNITY CENTER OF THE NORTH SHORE INC EIN 04-2104351 · last filed 990 for 2024
- TEDESCO COUNTRY CLUB EIN 04-1895530 · last filed 990 for 2024
- EASTERN YACHT CLUB EIN 04-1271945 · last filed 990 for 2025
- CORINTHIAN YACHT CLUB EIN 04-1209030 · last filed 990 for 2025
- VAN OTTERLOO FAMILY FOUNDATION EIN 04-6827450 · last filed 990 for 2025
- TERMEER INSTITUTE INC EIN 83-3891656 · last filed 990 for 2025
- SOMEONE ELSES CHILD EIN 04-3410208 · last filed 990-PF for 2024