Nonprofit · EIN 04-2309329
REGATTA POINT COMMUNITY SAILING INC
Tax-exempt (reinstated) · WORCESTER, MA 01605
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $729,026 | $929,515 | -$200,489 | $174,123 | $319,047 | -$144,924 |
| December 31, 2023 | 990 | $409,097 | $385,436 | $23,661 | $250,875 | $195,310 | $55,565 |
| December 31, 2022 | 990 | $358,408 | $361,647 | -$3,239 | $224,807 | $192,903 | $31,904 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $12,345
- Program service revenue
- $708,330
- Investment income
- $2,859
- Net gain from sales of assets
- -$1,956
- Other revenue
- $5,492
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $21,000
- Other salaries and wages
- $412,167
- Salaries, compensation and benefits (total)
- $481,154
- Professional fundraising fees
- $0
- Accounting fees
- $8,785
- Depreciation
- $57,600
- Program services (functional)
- $689,839
- Management and general (functional)
- $239,676
Balance sheet and other
- Total assets, start of year
- $250,875
- Total assets, end of year
- $174,123
- Total liabilities, end of year
- $319,047
- Net assets, end of year
- -$144,924
- Land, buildings and equipment
- $149,030
- Net assets without donor restrictions
- -$144,924
- Gross receipts
- $732,181
- Employees
- 73
- Volunteers
- 50
- Year formed
- 1961
- 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 |
|---|---|---|---|
| FRANCIS REARDON | TREASURER Trustee or director, Officer | 15 | $0 |
| ROBERT LEVADA JR | PRESIDENT Trustee or director, Officer | 5 | $0 |
| GREGORY ROOT | VICE PRESIDENT, CLERK Trustee or director, Officer | 5 | $0 |
| MICHAEL AGHAJANIAN | DIRECTOR Trustee or director | 15 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FRANCIS REARDON | TREASURER Trustee or director, Officer | 15 | $0 |
| ROBERT LEVADA JR | PRESIDENT Trustee or director, Officer | 5 | $0 |
| ROBERT PARADISE | VICE PRESIDENT Trustee or director, Officer | 5 | $0 |
| GREGORY ROOT | CLERK Trustee or director, Officer | 5 | $0 |
| MICHAL AGHAJANIAN | DIRECTOR Trustee or director | 15 | $0 |
| ELENA MALTESE | DIRECTOR Trustee or director | 5 | $0 |
990 for the year ended December 31, 2022: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FRANCIS REARDON | TREASURER Trustee or director, Officer | 5 | $0 |
| ROBERT LEVADA JR | PRESIDENT Trustee or director, Officer | 5 | $0 |
| ROBERT PARADISE | VICE PRESIDENT Trustee or director, Officer | 5 | $0 |
| GREGORY ROOT | CLERK Trustee or director, Officer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 10 LAKE AVE N, WORCESTER, MA 01605-2321
- Principal officer (990 for 2024)
- FRANCIS REARDON, PO BOX 4008, SHREWSBURY, MA 01545
- Signed the 990
- FRANCIS REARDON, TREASURER
- Phone
- (508) 757-2140
- Website
- WWW.REGATTAPOINT.ORG
- Return prepared by
- O'CONNOR MALONEY & CO CPA'S
Mission
PROVIDE RECREATIONAL SAILING, ROWING AND PADDLING ACTIVITY AND TRAINING THROUGH PROGRAMS AND MEMBERSHIPS TO THE GENERAL PUBLIC AT A LOW COST
Program accomplishments
- LOW COST SAILING, ROWING, PADDLING AND INSTRUCTION MADE AVAILABLE TO THE PUBLIC.Expenses $689,839 · revenue $708,330
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
- 04-2309329
- 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
- 2017
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N30)
- Assets (IRS master file)
- $174,123
- Income (IRS master file)
- $732,181
Revocation and reinstatement
- Exemption revoked
- May 15, 2016
- Posted by the IRS
- August 8, 2016
- Reinstated
- Effective May 15, 2016
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 | December 2024 | $729,026 | $929,515 | $174,123 | IRS |
| 990 | December 2023 | $409,097 | $385,436 | $250,875 | XML |
| 990 | December 2022 | $358,408 | $361,647 | $224,807 | XML |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 04-2309329).
Questions about REGATTA POINT COMMUNITY SAILING INC
- What is the EIN of REGATTA POINT COMMUNITY SAILING INC?
- The employer identification number (EIN) of REGATTA POINT COMMUNITY SAILING INC is 04-2309329.
- Is REGATTA POINT COMMUNITY SAILING INC tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2016 and reinstated it effective May 15, 2016.
- Are donations to REGATTA POINT COMMUNITY SAILING INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does REGATTA POINT COMMUNITY SAILING 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 REGATTA POINT COMMUNITY SAILING 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 REGATTA POINT COMMUNITY SAILING 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 REGATTA POINT COMMUNITY SAILING INC?
- The 990 for the year ended December 31, 2024 names FRANCIS REARDON.
- Who are the officers and directors of REGATTA POINT COMMUNITY SAILING INC?
- The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does REGATTA POINT COMMUNITY SAILING INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $729,026, expenses of $929,515 and total assets of $174,123 at year end.
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All nonprofits in WORCESTER · Massachusetts · Recreation and sports