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Nonprofit · EIN 04-2520766

MYSTIC WELLINGTON YACHT CLUB INC

Tax-exempt · MEDFORD, MA 02155

Financials

$156K$194K2023$347K$310K2024
Revenue Expenses · by fiscal year end
Financials of MYSTIC WELLINGTON YACHT CLUB INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$346,635$310,448$36,187$318,703$0$318,703
December 31, 2023990$156,341$194,376-$38,035$292,469$0$292,469
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$79,868
Membership dues
$58,200
Program service revenue
$256,733
Investment income
$81
Net income from fundraising events
$9,953
Other revenue
$9,953

Expenses

Grants and similar amounts paid
$3,853
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$1,000
Accounting fees
$200
Depreciation
$16,603
Program services (functional)
$305,251
Management and general (functional)
$5,197

Balance sheet and other

Total assets, start of year
$292,469
Total assets, end of year
$318,703
Total liabilities, end of year
$0
Net assets, end of year
$318,703
Land, buildings and equipment
$45,308
Gross receipts
$356,635
Employees
0
Year formed
1971
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
JOE DIGIROLAMOCommodore
Trustee or director, Officer
10$0
TED CHISHOLMSecretary
Trustee or director, Officer
10$0
HAROLD KEPNESTreasurer
Trustee or director, Officer
10$0
JOHN SHAWDirector
Trustee or director
10$0
JAMES DRISCOLLDirector
Trustee or director
10$0
GUY LEONERear Commodore
Trustee or director, Officer
10$0
PAUL MORANVice Commodore
Trustee or director, Officer
10$0
BEN ERCOLINIDirector
Trustee or director
10$0
BOB GILLENDirector
Trustee or director
10$0
DAVE URBANDirector
Trustee or director
10$0
CHARLIE JANNONEDirector
Trustee or director
10$0
990 for the year ended December 31, 2023: 11 people
NameTitleHours / weekCompensation
JOE DIGIROLAMOCommodore
Trustee or director, Officer
10$0
TED CHISHOLMSecretary
Trustee or director, Officer
10$0
HAROLD KEPNESTreasurer
Trustee or director, Officer
10$0
JOHN SHAWDirector
Trustee or director
10$0
JAMES DRISCOLLDirector
Trustee or director
10$0
GUY LEONERear Commodore
Trustee or director, Officer
10$0
PAUL MORANVice Commodore
Trustee or director, Officer
10$0
BEN ERCOLINIDirector
Trustee or director
10$0
BOB GILLENDirector
Trustee or director
10$0
DAVE URBANDirector
Trustee or director
10$0
CHARLIE JANNONEDirector
Trustee or director
10$0

Address and contacts

Address (IRS master file)
PO BOX 235, MEDFORD, MA 02155-0003
Principal officer (990 for 2024)
Harold Kepnes, 2 Clipper Lane, North Reading, MA 01864
Signed the 990
Harold Kepnes, Treasurer
Phone
(617) 594-3518
Return prepared by
M Stanley Metz & Co Inc

Mission

To promote teach yachting, and to provide its members, their families, and guests with recreational yachting and social activities.

990 for the year ended December 31, 2024

Program accomplishments

  • Members Yachting Facility and Club.
    Expenses $310,448 · grants $3,853 · revenue $336,682

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
04-2520766
Tax-exempt status
501(c)(7): Social or recreational club
Donations deductible
No
Exempt since
1974
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$318,703
Income (IRS master file)
$356,635

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$346,635$310,448$318,703XML
990December 2023$156,341$194,376$292,469XML
990December 2022$201,985$245,734$330,504IRS
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 04-2520766).

Questions about MYSTIC WELLINGTON YACHT CLUB INC

What is the EIN of MYSTIC WELLINGTON YACHT CLUB INC?
The employer identification number (EIN) of MYSTIC WELLINGTON YACHT CLUB INC is 04-2520766.
Is MYSTIC WELLINGTON YACHT CLUB INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1974.
Are donations to MYSTIC WELLINGTON YACHT CLUB INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does MYSTIC WELLINGTON 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 MYSTIC WELLINGTON 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 MYSTIC WELLINGTON 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 MYSTIC WELLINGTON YACHT CLUB INC?
The 990 for the year ended December 31, 2024 names Harold Kepnes.
Who are the officers and directors of MYSTIC WELLINGTON YACHT CLUB INC?
The 990 for the year ended December 31, 2024 lists 11 people; 0 received compensation from the organization.
How much revenue does MYSTIC WELLINGTON YACHT CLUB INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $346,635, expenses of $310,448 and total assets of $318,703 at year end.

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