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Nonprofit · EIN 04-1271260

EASTERN POINT YACHT CLUB

Tax-exempt · GLOUCESTER, MA 01930

Financials

$1.6M$1.4M2023$1.6M$1.5M2024
Revenue Expenses · by fiscal year end
Financials of EASTERN POINT YACHT CLUB by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,643,729$1,536,614$107,115$2,230,825$1,188,480$1,042,345
December 31, 2023990$1,616,631$1,442,305$174,326$2,156,441$1,221,211$935,230
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$1,660,495
Investment income
$44,943
Net income from sales of inventory
-$75,396
Other revenue
-$61,709

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$165,158
Other salaries and wages
$417,524
Salaries, compensation and benefits (total)
$765,139
Professional fundraising fees
$0
Occupancy
$147,897
Travel
$757
Depreciation
$116,558

Balance sheet and other

Total assets, start of year
$2,156,441
Total assets, end of year
$2,230,825
Total liabilities, end of year
$1,188,480
Net assets, end of year
$1,042,345
Land, buildings and equipment
$1,180,748
Net assets without donor restrictions
$1,042,345
Gross unrelated business income
$186,361
Gross receipts
$2,347,957
Employees
69
Volunteers
0
Year formed
1930
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.

NameTitleHours / weekCompensation
TIMOTHY HARTGENERAL MANAGER
Officer
40$165,158
MIKE LUCYCOMMODORE
Trustee or director, Officer
10$0
PETER STRONGVICE COMMODORE
Trustee or director, Officer
10$0
SCOTT MARSHALLREAR COMMODORE
Trustee or director, Officer
10$0
ANNE-SEYMOR ST JOHNSECRETARY
Trustee or director, Officer
10$0
JACQUELYN BELLTREASURER
Trustee or director, Officer
10$0
HEATHER LOVETTGOVERNOR
Trustee or director
5$0
AIME CARDGOVERNOR
Trustee or director
5$0
MISSY BARLOWGOVERNOR
Trustee or director
5$0
SABRINA EDUARDOGOVERNOR
Trustee or director
5$0
RUFUS CLARKGOVERNOR
Trustee or director
5$0
LARRY OAKSGOVERNOR
Trustee or director
5$0
DAVE JONESGOVERNOR
Trustee or director
5$0
KRISTIN FRANCEOURGOVERNOR
Trustee or director
5$0
990 for the year ended December 31, 2023: 14 people
NameTitleHours / weekCompensationOther / benefits
TIMOTHY HARTGENERAL MANAGER
Officer
40$160,252$34,575
STUART HUNZIKERCOMMODORE
Trustee or director, Officer
10$0$0
MIKE LUCYVICE COMMODORE
Trustee or director, Officer
10$0$0
PETER STRONGREAR COMMODORE
Trustee or director, Officer
10$0$0
TOM JANISSECRETARY
Trustee or director, Officer
10$0$0
JACQUELYN BELLTREASURER
Trustee or director, Officer
10$0$0
MIMI TAMBONEGOVERNOR
Trustee or director
5$0$0
CATHY ROSSANOGOVERNOR
Trustee or director
5$0$0
SARA DEL RIOGOVERNOR
Trustee or director
5$0$0
SABRINA EDUARDOGOVERNOR
Trustee or director
5$0$0
RUFUS CLARKGOVERNOR
Trustee or director
5$0$0
BEN RICHARDSONGOVERNOR
Trustee or director
5$0$0
SCOTT MARSHALLGOVERNOR
Trustee or director
5$0$0
TRACY DAVISGOVERNOR
Trustee or director
5$0$0

Address and contacts

Address (IRS master file)
125 EASTERN POINT BLVD, GLOUCESTER, MA 01930-4446
Principal officer (990 for 2024)
JACQUELYN C BELL, 125 EASTERN POINT BLVD, GLOUCESTER, MA 01930
Signed the 990
JACQUELYN C BELL, TREASURER
Phone
(978) 283-3520
Return prepared by
PKF O'CONNOR DAVIES ADVISORY LLC

Mission

THE CLUB AFFORDS MEMBERS AND GUESTS A TRULY UNIQUE LOCATION WITH A CHARMING CLUBHOUSE, DINING FACILITIES AND ACCOMMODATIONS, AS WELL AS FUNCTION AND SPECIAL EVENT CAPABILITIES.

990 for the year ended December 31, 2024

Program accomplishments

  • CONDUCTING NORMAL OPERATIONS OF A YACHT CLUB FOR THE BENEFIT OF ITS MEMBERS.
  • WATERFRONT FACILITIES FOR THE USE OF MEMBERS TO ACCESS AND LAUNCH THEIR BOATS.
  • JUNIOR SAILING, RACING AND CRUISING, GUEST ROOM RENTALS.

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
04-1271260
Tax-exempt status
501(c)(7): Social or recreational club
Donations deductible
No
Exempt since
1952
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$2,230,825
Income (IRS master file)
$2,347,957

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,643,729$1,536,614$2,230,825XML
990December 2023$1,616,631$1,442,305$2,156,441XML
990December 2022$1,533,083$1,337,472$2,017,269IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––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 04-1271260).

Questions about EASTERN POINT YACHT CLUB

What is the EIN of EASTERN POINT YACHT CLUB?
The employer identification number (EIN) of EASTERN POINT YACHT CLUB is 04-1271260.
Is EASTERN POINT YACHT CLUB tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1952.
Are donations to EASTERN POINT YACHT CLUB tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does EASTERN POINT 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 EASTERN POINT 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 EASTERN POINT 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 EASTERN POINT YACHT CLUB?
The 990 for the year ended December 31, 2024 names JACQUELYN C BELL.
Who are the officers and directors of EASTERN POINT YACHT CLUB?
The 990 for the year ended December 31, 2024 lists 14 people; 1 received compensation from the organization, the highest $165,158 (TIMOTHY HART, GENERAL MANAGER).
How much revenue does EASTERN POINT YACHT CLUB have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,643,729, expenses of $1,536,614 and total assets of $2,230,825 at year end.

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