Nonprofit · EIN 04-2401785
CHARLES RIVER YACHT CLUB
Tax-exempt · WOBURN, MA 01801
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $296,042 | $282,949 | $13,093 | $1,188,462 | $200 | $1,188,262 |
| December 31, 2023 | 990 | $274,683 | $262,594 | $12,089 | $1,175,169 | $0 | $1,175,169 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $295,890
- Investment income
- $8,955
- Net income from sales of inventory
- -$8,803
- Other revenue
- -$8,803
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $48,692
- Salaries, compensation and benefits (total)
- $54,478
- Professional fundraising fees
- $0
- Legal fees
- $2,500
- Accounting fees
- $8,400
- Occupancy
- $79,524
- Depreciation
- $69,683
Balance sheet and other
- Total assets, start of year
- $1,175,169
- Total assets, end of year
- $1,188,462
- Total liabilities, end of year
- $200
- Net assets, end of year
- $1,188,262
- Land, buildings and equipment
- $863,005
- Net assets without donor restrictions
- $1,188,262
- Gross receipts
- $305,865
- Employees
- 4
- Volunteers
- 0
- Year formed
- 1968
- 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 |
|---|---|---|---|
| MARK NARDONE | JR PAST COMMODORE Trustee or director | 20 | $0 |
| TIMOTHY F ALLEN | TREASURER Trustee or director, Officer | 20 | $0 |
| THOMAS CURRY | PRESIDENT Trustee or director, Officer | 20 | $0 |
| LARRY KONTOS | CLERK Trustee or director, Officer | 20 | $0 |
| BILL BRYANT | REAR COMMODORE Trustee or director | 20 | $0 |
| BRIAN LAMBERT | VICE COMMODORE Trustee or director, Officer | 20 | $0 |
| NICK DIABAKERLY | DIRECTOR Trustee or director | 20 | $0 |
| JIMMY WALKER | DIRECTOR Trustee or director | 20 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARK NARDONE | PRESIDENT Trustee or director, Officer | 20 | $0 |
| JACK MCQUADE | VICE COMMODORE Trustee or director, Officer | 20 | $0 |
| BRIAN LAMBERT | DIRECTOR Trustee or director, Officer | 20 | $0 |
| RAOUL BINETTE | SECRETARY Trustee or director, Officer | 20 | $0 |
| ANTHONY DEDOMINICIS | TREASURER Trustee or director, Officer | 20 | $0 |
| THOMAS CURRY | REAR COMMODORE Trustee or director | 20 | $0 |
| FRANK SUTULA | DIRECTOR Trustee or director | 20 | $0 |
| CHUCK MABARDY | JR PAST COMMODORE Trustee or director | 20 | $0 |
Address and contacts
- Address (IRS master file)
- 400 W CUMMINGS PARK STE 1000, WOBURN, MA 01801-3572
- Principal officer (990 for 2024)
- MARK NARDONE, 99 MEMORIAL DRIVE, CAMBRIDGE, MA 02141
- Signed the 990
- THOMAS CURRY, DIRECTOR
- Phone
- (617) 489-9700
- Return prepared by
- STONE & COMPANY LLC
Mission
PROVIDE ITS MEMBERS OPPORTUNITIES FOR BOATING & FURTHER THE DEVELOPMENT OF THEIR NAUTICAL SKILLS. A CENTER FOR SOCIALIZING, AND A BASE FOR RELATED COMMUNITY SERVICES.
Program accomplishments
- PROVIDING MEMBERS OPPORTUNITIES FOR BOATING AND FURTHER THE DEVELOPMENT OF THEIR NAUTICAL SKILLS. PROVIDING A CENTER FOR SOCIALIZING, AND A BASE FOR RELATED COMMUNITY SERVICES.
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
- 04-2401785
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1990
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,188,462
- Income (IRS master file)
- $305,865
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $296,042 | $282,949 | $1,188,462 | XML |
| 990 | December 2023 | $274,683 | $262,594 | $1,175,169 | XML |
| 990 | December 2022 | $224,932 | $278,341 | $1,178,558 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 04-2401785).
Questions about CHARLES RIVER YACHT CLUB
- What is the EIN of CHARLES RIVER YACHT CLUB?
- The employer identification number (EIN) of CHARLES RIVER YACHT CLUB is 04-2401785.
- Is CHARLES RIVER YACHT CLUB tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1990.
- Are donations to CHARLES RIVER YACHT CLUB tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CHARLES RIVER 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 CHARLES RIVER 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 CHARLES RIVER 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 CHARLES RIVER YACHT CLUB?
- The 990 for the year ended December 31, 2024 names MARK NARDONE.
- Who are the officers and directors of CHARLES RIVER YACHT CLUB?
- The 990 for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
- How much revenue does CHARLES RIVER YACHT CLUB have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $296,042, expenses of $282,949 and total assets of $1,188,462 at year end.
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