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Nonprofit · EIN 04-1564300

LYNN YACHT CLUB INC

Tax-exempt · LYNN, MA 01902

Financials

$166K$182K2023$223K$213K2024
Revenue Expenses · by fiscal year end
Financials of LYNN YACHT CLUB INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$223,353$213,429$9,924$323,106$1,878$321,228
December 31, 2023990$166,332$182,405-$16,073$313,080$1,776$311,304
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$35,775
Membership dues
$35,775
Program service revenue
$136,153
Investment income
$787
Net income from gaming
$7,092
Net income from sales of inventory
-$4,249
Other revenue
$50,638

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$6,136
Professional fundraising fees
$0
Accounting fees
$1,700
Travel
$1,275
Depreciation
$12,025
Program services (functional)
$77,573
Management and general (functional)
$135,856

Balance sheet and other

Total assets, start of year
$313,080
Total assets, end of year
$323,106
Total liabilities, end of year
$1,878
Net assets, end of year
$321,228
Land, buildings and equipment
$253,357
Gross receipts
$328,672
Employees
9
Volunteers
0
Year formed
1870
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
BARRY COHENTREASURER
Officer
8$1,000
GLENN HOWARDVICE COMMODORE
Officer
8$0
VINCENT CONTECOMMODORE
Officer
8$0
GARDINER PARKERREAR COMMODORE
Officer
8$0
DAVID MCQUARRIESECRETARY
Officer
8$0
990 for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensation
BARRY COHENTREASURER
Officer
8$800
DAVID MCQUARRIESECRETARY
Officer
8$400
GLENN HOWARDVICE COMMODORE
Officer
8$0
STEVE HERRICKCOMMODORE
Officer
8$0
GARDINER PARKERREAR COMMODORE
Officer
8$0

Address and contacts

Address (IRS master file)
84 LYNNWAY # 86, LYNN, MA 01902-3419
Principal officer (990 for 2024)
BARRY COHEN, 86 LYNNWAY, LYNN, MA 01902
Signed the 990
BARRY COHEN, TREASURER
Phone
(781) 595-9825
Return prepared by
NASH CPAS LLC

Mission

SOCIAL CLUB FOR MEMBERS AND BOATING EDUCATION

990 for the year ended December 31, 2024

Program accomplishments

  • MARINA AND YACHT CLUB ACTIVITIES
    Expenses $77,573 · revenue $187,578

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
04-1564300
Tax-exempt status
501(c)(7): Social or recreational club
Donations deductible
No
Exempt since
1944
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$323,106
Income (IRS master file)
$328,672

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$223,353$213,429$323,106XML
990December 2023$166,332$182,405$313,080XML
990December 2022$188,808$199,789$329,806IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 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 04-1564300).

Questions about LYNN YACHT CLUB INC

What is the EIN of LYNN YACHT CLUB INC?
The employer identification number (EIN) of LYNN YACHT CLUB INC is 04-1564300.
Is LYNN YACHT CLUB INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1944.
Are donations to LYNN YACHT CLUB INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does LYNN YACHT CLUB INC 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 LYNN YACHT CLUB INC 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 LYNN YACHT CLUB INC 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 LYNN YACHT CLUB INC?
The 990 for the year ended December 31, 2024 names BARRY COHEN.
Who are the officers and directors of LYNN YACHT CLUB INC?
The 990 for the year ended December 31, 2024 lists 5 people; 1 received compensation from the organization, the highest $1,000 (BARRY COHEN, TREASURER).
How much revenue does LYNN YACHT CLUB INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $223,353, expenses of $213,429 and total assets of $323,106 at year end.

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