Nonprofit · EIN 04-1649850
NANTUCKET YACHT CLUB
Tax-exempt · NANTUCKET, MA 02554
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| October 31, 2025 | 990 | $8,165,587 | $7,921,064 | $244,523 | $20,967,055 | $563,438 | $20,403,617 |
| October 31, 2024 | 990 | $9,081,723 | $7,273,658 | $1,808,065 | $20,778,497 | $619,403 | $20,159,094 |
| October 31, 2023 | 990 | $7,025,808 | $6,835,573 | $190,235 | $19,208,963 | $857,934 | $18,351,029 |
Financial details: 990 for the year ended October 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $7,682,906
- Investment income
- $38,401
- Net rental income
- -$141,364
- Net gain from sales of assets
- -$16,981
- Net income from sales of inventory
- $285,020
- Other revenue
- $444,280
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $1,203,473
- Other salaries and wages
- $927,277
- Salaries, compensation and benefits (total)
- $2,822,907
- Professional fundraising fees
- $0
- Legal fees
- $13,325
- Accounting fees
- $20,776
- Occupancy
- $531,893
- Depreciation
- $1,386,363
Balance sheet and other
- Total assets, start of year
- $20,778,497
- Total assets, end of year
- $20,967,055
- Total liabilities, end of year
- $563,438
- Net assets, end of year
- $20,403,617
- Land, buildings and equipment
- $18,309,631
- Net assets without donor restrictions
- $20,271,814
- Net assets with donor restrictions
- $131,803
- Gross unrelated business income
- $76,003
- Gross receipts
- $11,084,016
- Employees
- 152
- Volunteers
- 130
- Year formed
- 1920
- 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 October 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PETER MCEACHERN | GENERAL MANAGER Key employee | 40 | $426,427 | $34,750 |
| CHRIS FREEMAN | CHEF Key employee | 40 | $209,310 | $20,700 |
| LYNELL VOLLANS | CONTROLLER Key employee | 40 | $188,522 | $31,000 |
| VINCENT RAIMO | FACILITIES MANAGER Key employee | 40 | $183,560 | $31,000 |
| KEN WASSERMAN | DIRECTOR OF TENNIS Key employee | 40 | $207,220 | $0 |
| JUSTIN ASSAD | SAILING MASTER Highest-paid employee | 40 | $147,543 | $0 |
| BURTON HURLOCK | COMMODORE Trustee or director, Officer | 1 | $0 | $0 |
| DAVID WORTH | VICE COMMODORE Trustee or director, Officer | 1 | $0 | $0 |
| JAY NICHOLS | REAR COMMODORE Trustee or director, Officer | 1 | $0 | $0 |
| BETSY MORGAN | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| SKIP WILLAUER | FLEET CAPTAIN Trustee or director, Officer | 1 | $0 | $0 |
| JAMES WATERBURY | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| DOROTHY BAKER | GOVERNOR Trustee or director | 1 | $0 | $0 |
| V ADM JOHN BALDWIN | HONORARY GOVERNOR Trustee or director | 1 | $0 | $0 |
| ALLEN BREED | GOVERNOR Trustee or director | 1 | $0 | $0 |
13 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LISSY STEVENSON BRYAN | GOVERNOR Trustee or director | 1 | $0 |
| CONSTANCE CROSBY | GOVERNOR Trustee or director | 1 | $0 |
| ELIZABETH GILBERT-BONO | GOVERNOR Trustee or director | 1 | $0 |
| ERIN HABERSTROH | GOVERNOR Trustee or director | 1 | $0 |
| CARL JELLEME | GOVERNOR Trustee or director | 1 | $0 |
| MICHAEL KENNEDY | GOVERNOR Trustee or director | 1 | $0 |
| EVAN KORNACK | GOVERNOR Trustee or director | 1 | $0 |
| LINDA MCGRATH | GOVERNOR Trustee or director | 1 | $0 |
| PAULA MCLEOD | GOVERNOR Trustee or director | 1 | $0 |
| JEANNE MILLER | GOVERNOR Trustee or director | 1 | $0 |
| WEST RIGGS | GOVERNOR Trustee or director | 1 | $0 |
| ANTHONY SCHWEIZER | GOVERNOR Trustee or director | 1 | $0 |
| STEVE ULIAN | GOVERNOR Trustee or director | 1 | $0 |
990 for the year ended October 31, 2024: 28 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PETER MCEACHERN | GENERAL MANAGER Key employee | 40 | $404,484 | $30,500 |
| CHRIS FREEMAN | CHEF Key employee | 40 | $204,013 | $7,650 |
| LYNELL VOLLANS | CONTROLLER Key employee | 40 | $179,362 | $30,500 |
| VINCENT RAIMO | FACILITIES MANAGER Key employee | 40 | $162,941 | $30,500 |
| KEN WASSERMAN | DIRECTOR OF TENNIS Key employee | 40 | $191,414 | $0 |
| JUSTIN ASSAD | SAILING MASTER Highest-paid employee | 40 | $123,284 | $0 |
| GREGORY FOWLKES | COMMODORE Trustee or director, Officer | 1 | $0 | $0 |
| BURTON HURLOCK | VICE COMMODORE Trustee or director, Officer | 1 | $0 | $0 |
| DAVID WORTH | REAR COMMODORE Trustee or director, Officer | 1 | $0 | $0 |
| BETSY MORGAN | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| WHITING WILLAUER | FLEET CAPTAIN Trustee or director, Officer | 1 | $0 | $0 |
| JAMES WATERBURY | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| TARAH BREED | GOVERNOR Trustee or director | 1 | $0 | $0 |
| ALLEN BREED | GOVERNOR Trustee or director | 1 | $0 | $0 |
| LOUISE MIDDLETON | GOVERNOR Trustee or director | 1 | $0 | $0 |
| JOHN NICHOLS | GOVERNOR Trustee or director | 1 | $0 | $0 |
| CONSTANCE CROSBY | GOVERNOR Trustee or director | 1 | $0 | $0 |
| WEST RIGGS | GOVERNOR Trustee or director | 1 | $0 | $0 |
| V ADM JOHN BALDWIN | HONORARY GOVERNOR Trustee or director | 1 | $0 | $0 |
| CARL JELLEME | GOVERNOR Trustee or director | 1 | $0 | $0 |
| PAULA MCLEOD | GOVERNOR Trustee or director | 1 | $0 | $0 |
| STEVE ULIAN | GOVERNOR Trustee or director | 1 | $0 | $0 |
| LISSY STEVENSON BRYAN | GOVERNOR Trustee or director | 1 | $0 | $0 |
| ANTHONY SCHWEIZER | GOVERNOR Trustee or director | 1 | $0 | $0 |
| MICHAEL KENNEDY | GOVERNOR Trustee or director | 1 | $0 | $0 |
| LINDA MCGRATH | GOVERNOR Trustee or director | 1 | $0 | $0 |
| DOROTHY BAKER | GOVERNOR Trustee or director | 1 | $0 | $0 |
| JEANNE MILLER | GOVERNOR Trustee or director | 1 | $0 | $0 |
990 for the year ended October 31, 2023: 28 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PETER MCEACHERN | GENERAL MANAGER Key employee | 40 | $367,321 | $27,000 |
| CHRIS FREEMAN | CHEF Key employee | 40 | $195,834 | $15,427 |
| KEN WASSERMAN | DIRECTOR OF TENNIS Key employee | 40 | $184,488 | $0 |
| LYNELL VOLLANS | CONTROLLER Key employee | 40 | $162,953 | $10,400 |
| VINCENT RAIMO | FACILITIES MANAGER Highest-paid employee | 40 | $146,139 | $27,000 |
| JUSTIN ASSAD | SAILING MASTER Highest-paid employee | 40 | $112,933 | $0 |
| GREGORY FOWLKES | COMMODORE Trustee or director, Officer | 1 | $0 | $0 |
| BURTON HURLOCK | VICE COMMODORE Trustee or director, Officer | 1 | $0 | $0 |
| DAVID WORTH | REAR COMMODORE Trustee or director, Officer | 1 | $0 | $0 |
| BETSY MORGAN | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| EMILY KILVERT | FLEET CAPTAIN Trustee or director, Officer | 1 | $0 | $0 |
| TARA VITTONE | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| TARAH BREED | GOVERNOR Trustee or director | 1 | $0 | $0 |
| WEST RIGGS | GOVERNOR Trustee or director | 1 | $0 | $0 |
| LOUISE MIDDLETON | GOVERNOR Trustee or director | 1 | $0 | $0 |
| JOHN NICHOLS | GOVERNOR Trustee or director | 1 | $0 | $0 |
| CONSTANCE CROSBY | GOVERNOR Trustee or director | 1 | $0 | $0 |
| JAMES F CROWLEY | GOVERNOR Trustee or director | 1 | $0 | $0 |
| V ADM JOHN BALDWIN | HONORARY GOVERNOR Trustee or director | 1 | $0 | $0 |
| CARL JELLEME | GOVERNOR Trustee or director | 1 | $0 | $0 |
| WHITING WILLAUER | GOVERNOR Trustee or director | 1 | $0 | $0 |
| STEVE ULIAN | GOVERNOR Trustee or director | 1 | $0 | $0 |
| LISSY STEVENSON BRYAN | GOVERNOR Trustee or director | 1 | $0 | $0 |
| ANTHONY SCHWEIZER | GOVERNOR Trustee or director | 1 | $0 | $0 |
| MICHAEL KENNEDY | GOVERNOR Trustee or director | 1 | $0 | $0 |
| LINDA MCGRATH | GOVERNOR Trustee or director | 1 | $0 | $0 |
| DOUGLAS ABBEY | GOVERNOR Trustee or director | 1 | $0 | $0 |
| JAMES M WATERBURY | GOVERNOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 667, NANTUCKET, MA 02554-0667
- Principal officer (990 for 2024)
- BETSY MORGAN, 1 SO BEACH STREET PO BOX 667, NANTUCKET, MA 02554
- Signed the 990
- BETSY MORGAN, TREASURER
- Phone
- (508) 228-1400
- Website
- WWW.NANTUCKETYACHTCLUB.ORG
- Return prepared by
- PKF O'CONNOR DAVIES ADVISORY LLC
Mission
TO PROVIDE MEANS FOR THE RECREATION AND ENTERTAINMENT OF ITS MEMBERS, BY ESTABLISHING AND MAINTAINING A CLUB WITH THE PROPER BUILDINGS, GROUNDS, AND FACILITIES TO PROMOTE YACHTING, SPORTS AND SOCIAL ACTIVITIES.
Program accomplishments
- CONDUCTING NORMAL OPERATIONS OF A YACHT CLUB FOR THE BENEFIT OF ITS MEMBERS.
- WATERFRONT FACILITIES FOR THE USE OF MEMBERS TO LAUNCH THEIR BOATS.
- TENNIS TOURNAMENTS, JUNIOR PROGRAMS, LESSONS AND CLINICS ARE OFFERED TO ALL MEMBERS.
- ENTERTAINMENT, RACING AND SAILING ARE OFFERED FOR THE MEMBERS TO ENJOY.
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 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 on file |
| 2023 | October 31, 2024 | March 17, 2025 | 990 on file |
IRS record
- EIN
- 04-1649850
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1938
- Accounting year ends
- October
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $20,967,055
- Income (IRS master file)
- $11,084,016
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | October 2025 | $8,165,587 | $7,921,064 | $20,967,055 | XML |
| 990 | October 2024 | $9,081,723 | $7,273,658 | $20,778,497 | XML |
| 990 | October 2023 | $7,025,808 | $6,835,573 | $19,208,963 | XML |
| 990 | October 2022 | $6,859,469 | $6,595,435 | $19,330,273 | IRS |
| 990 | October 2021 | – | – | – | IRS |
| 990 | October 2020 | – | – | – | IRS |
| 990 | October 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 04-1649850).
Questions about NANTUCKET YACHT CLUB
- What is the EIN of NANTUCKET YACHT CLUB?
- The employer identification number (EIN) of NANTUCKET YACHT CLUB is 04-1649850.
- Is NANTUCKET YACHT CLUB tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1938.
- Are donations to NANTUCKET YACHT CLUB tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does NANTUCKET 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 NANTUCKET YACHT CLUB 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 last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended October 2025.
- Who is the principal officer of NANTUCKET YACHT CLUB?
- The 990 for the year ended October 31, 2025 names BETSY MORGAN.
- Who are the officers and directors of NANTUCKET YACHT CLUB?
- The 990 for the year ended October 31, 2025 lists 28 people; 6 received compensation from the organization, the highest $426,427 (PETER MCEACHERN, GENERAL MANAGER).
- How much revenue does NANTUCKET YACHT CLUB have?
- On its 990 for the year ended October 31, 2025 it reported revenue of $8,165,587, expenses of $7,921,064 and total assets of $20,967,055 at year end.
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