Nonprofit · EIN 04-6125498
IPSWICH BAY YACHT CLUB
Tax-exempt · IPSWICH, MA 01938
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,015,191 | $858,402 | $156,789 | $2,165,878 | $0 | $2,165,878 |
| December 31, 2024 | 990 | $998,511 | $826,850 | $171,661 | $2,009,089 | $0 | $2,009,089 |
| December 31, 2023 | 990 | $959,621 | $812,210 | $147,411 | $1,837,428 | $0 | $1,837,428 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $746,361
- Investment income
- $27,573
- Net income from sales of inventory
- $241,257
- Other revenue
- $241,257
Expenses
- Grants and similar amounts paid
- $12,561
- Other salaries and wages
- $302,526
- Salaries, compensation and benefits (total)
- $360,209
- Professional fundraising fees
- $0
- Legal fees
- $7,439
- Accounting fees
- $12,750
- Depreciation
- $94,345
- Program services (functional)
- $833,903
- Management and general (functional)
- $24,499
Balance sheet and other
- Total assets, start of year
- $2,009,089
- Total assets, end of year
- $2,165,878
- Total liabilities, end of year
- $0
- Net assets, end of year
- $2,165,878
- Land, buildings and equipment
- $1,146,658
- Net assets without donor restrictions
- $2,165,878
- Gross unrelated business income
- $27,573
- Gross receipts
- $1,317,325
- Employees
- 72
- Volunteers
- 0
- Year formed
- 1941
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KEN BATES | COMMODORE Officer | 3 | $2,832 |
| JEFF CANN | VICE COMMODORE Officer | 3 | $2,832 |
| EDWARD ANDREW NAGUS | TREASURER Officer | 3 | $2,832 |
| MELISSA STELLA | COMMUNICATIONS DIRECTOR Officer | 3 | $2,832 |
| PAUL CONBOY | MEMBERSHIP COMMITTEE Officer | 1 | $2,832 |
| DEB WRIGHT | SOCIAL COMMITTIE Officer | 1 | $2,832 |
| CHARLES RUEBEL | REAR COMMODORE Officer | 3 | $0 |
| MARK PRESTERO | SECRETARY Officer | 3 | $0 |
| DAVID BROWN | MEMBER AT LARGE Officer | 1 | $0 |
| JIM GOGEN | MEMBER AT LARGE Officer | 1 | $0 |
| PAUL GILLIGAN | MEMBER AT LARGE Officer | 1 | $0 |
| JUSTIN WRIGHT | MEMBER AT LARGE Officer | 1 | $0 |
| CATHY LANOIS | SOCIAL COMMITTIE Officer | 1 | $0 |
| THOMAS BURGESS | CAPITAL IMPROVEMENT COMMIT Officer | 1 | $0 |
990 for the year ended December 31, 2024: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KEN BATES | COMMODORE Officer | 3 | $2,707 |
| JEFF CANN | VICE COMMODORE Officer | 3 | $2,707 |
| EDWARD ANDREW NAGUS | TREASURER Officer | 3 | $2,707 |
| MELISSA STELLA | COMMUNICATIONS DIRECTOR Officer | 3 | $2,707 |
| PAUL CONBOY | MEMBERSHIP COMMITTEE Officer | 1 | $2,707 |
| THOMAS BURGESS | CAPITAL IMPROVEMENT COMMITTIE Officer | 1 | $2,707 |
| DOUG LANOIS | REAR COMMODORE Officer | 3 | $0 |
| MARK PRESTERO | SECRETARY Officer | 3 | $0 |
| JEFF BLIZARD | MEMBER AT LARGE Officer | 1 | $0 |
| CHARLES RUEBEL | MEMBER AT LARGE Officer | 1 | $0 |
| PAUL GILLIGAN | MEMBER AT LARGE Officer | 1 | $0 |
| JEFF BRUK | MEMBER AT LARGE Officer | 1 | $0 |
| DEB WRIGHT | SOCIAL COMMITTIE Officer | 1 | $0 |
| CATHY LANOIS | SOCIAL COMMITTIE Officer | 1 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THOMAS BURGESS | COMMODORE Officer | 3 | $0 |
| KEN BATES | VICE COMMODORE Officer | 3 | $0 |
| JEFF CANN | REAR COMMODORE Officer | 3 | $0 |
| EDWARD ANDREW NAGUS | TREASURER Officer | 3 | $0 |
| MARK PRESTERO | SECRETARY Officer | 3 | $0 |
| PAUL CONBOY | MEMBERSHIP COMMITTEE Officer | 1 | $0 |
| ELLEN CLARKE | SOCIAL COMMITTIE Officer | 1 | $0 |
| MELISSA STELLA | COMMUNICATION COMMITTEE Officer | 3 | $0 |
| PAUL GILLIGAN | MEMBER AT LARGE Officer | 1 | $0 |
| JEFF BLIZARD | MEMBER AT LARGE Officer | 1 | $0 |
| CHARLES RUEBEL | MEMBER AT LARGE Officer | 1 | $0 |
| JEFF BRUK | MEMBER AT LARGE Officer | 1 | $0 |
| RICHARD FATES | FINACIAL ADVISORY BOARD Officer | 1 | $0 |
| CHRIS CULLINAN | FINACIAL ADVISORY BOARD Officer | 1 | $0 |
| GREG SMITH | FINACIAL ADVISORY BOARD Officer | 1 | $0 |
| GEORGE KOUSHIVAS | FINACIAL ADVISORY BOARD Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 21, IPSWICH, MA 01938-0021
- In care of
- % SHERRY REEDY
- Principal officer (990 for 2025)
- EDWARD ANDREW NAGUS, 5 HEARD DRIVE, IPSWICH, MA 01938
- Signed the 990
- EDWARD ANDREW NAGUS, TREASURER
- Phone
- (978) 356-4626
- Website
- WWW.IBYC.ORG
- Return prepared by
- TSOUTSOURAS & COMPANY PC
Mission
THE ORGANIZATION'S MISSION IS TO PROVIDE YACHT CLUB FACILITIES FOR ITS MEMBERS
Program accomplishments
- HOUSE AND GROUNDS SERVICES TO MEMBERS INCLUDES PARKING FOR THEIR AUTOS, FACILITIES FOR SOCIALIZING, AND A SNACK AND LIQUOR BAR.Expenses $515,082
- WATERFRONT SERVICES TO MEMBERS INCLUDES LAUNCH SERVICES TO AND FROM BOATS, DINGHY STORAGE SPACE LOCKER STORAGE, SALE OF GASOLINE, OIL, AND ICE FOR MEMBER BOATS.Expenses $318,821
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 | 990 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
- 04-6125498
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1966
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $2,165,878
- Income (IRS master file)
- $1,317,325
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,015,191 | $858,402 | $2,165,878 | XML |
| 990 | December 2024 | $998,511 | $826,850 | $2,009,089 | XML |
| 990 | December 2023 | $959,621 | $812,210 | $1,837,428 | XML |
| 990 | December 2022 | $841,135 | $729,764 | $1,690,018 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 04-6125498).
Questions about IPSWICH BAY YACHT CLUB
- What is the EIN of IPSWICH BAY YACHT CLUB?
- The employer identification number (EIN) of IPSWICH BAY YACHT CLUB is 04-6125498.
- Is IPSWICH BAY YACHT CLUB tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1966.
- Are donations to IPSWICH BAY YACHT CLUB tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does IPSWICH BAY 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 IPSWICH BAY YACHT CLUB due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did IPSWICH BAY YACHT CLUB last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of IPSWICH BAY YACHT CLUB?
- The 990 for the year ended December 31, 2025 names EDWARD ANDREW NAGUS.
- Who are the officers and directors of IPSWICH BAY YACHT CLUB?
- The 990 for the year ended December 31, 2025 lists 14 people; 6 received compensation from the organization, the highest $2,832 (KEN BATES, COMMODORE).
- How much revenue does IPSWICH BAY YACHT CLUB have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,015,191, expenses of $858,402 and total assets of $2,165,878 at year end.
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