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Nonprofit · EIN 04-6173867

FOX HILL YACHT CLUB INC

Tax-exempt · SAUGUS, MA 01906

Financials

$406K$406K2023$457K$402K2024
Revenue Expenses · by fiscal year end
Financials of FOX HILL YACHT CLUB INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$456,952$401,952$55,000$460,070$231,203$228,867
December 31, 2023990$406,159$406,230-$71$421,922$248,056$173,866
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$456,939
Investment income
$13
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$34,896
Salaries, compensation and benefits (total)
$43,036
Professional fundraising fees
$0
Accounting fees
$1,750
Occupancy
$20,446
Depreciation
$33,648
Program services (functional)
$391,918
Management and general (functional)
$10,034

Balance sheet and other

Total assets, start of year
$421,922
Total assets, end of year
$460,070
Total liabilities, end of year
$231,203
Net assets, end of year
$228,867
Land, buildings and equipment
$328,963
Gross receipts
$456,952
Employees
18
Year formed
1966
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
BART BUONOPANEPRESIDENT
Officer
4$0
DEREK CIPRIANOTREASURER
Officer
6$0
CHRIS POZARKREAR COMMODO
Officer
4$0
DANTE DEFURIA JRFINANCIAL SE
Officer
4$0
DAVE CECEREVICE-PREESID
Officer
3$0
KEVIN MCDERMOTTCLERK
Officer
3$0
MARK LEVERDIRECTOR
Trustee or director
2$0
HARRY CHENEYDIRECTOR
Trustee or director
2$0
MURPHY HERRINGTONDIRECTOR
Trustee or director
2$0
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensation
BART BUONOPANEPRESIDENT
Officer
4$0
DEREK CIPRIANOTREASURER
Officer
6$0
CHRIS POZARKREAR COMMODO
Officer
4$0
DANTE DEFURIA JRFINANCIAL SE
Officer
4$0
DAVE CECEREVICE-PREESID
Officer
3$0
KEVIN MCDERMOTTCLERK
Officer
3$0
MARK LEVERDIRECTOR
Trustee or director
2$0
HARRY CHENEYDIRECTOR
Trustee or director
2$0
MURPHY HERRINGTONDIRECTOR
Trustee or director
2$0

Address and contacts

Address (IRS master file)
114 BALLARD ST, SAUGUS, MA 01906-1740
In care of
% TIM JANUARY/PHIL
Principal officer (990 for 2024)
DEREK CIPRIANO, 27 GATES ROAD, SAUGUS, MA 01906
Signed the 990
DEREK CIPRIANO, TREASURER
Phone
(781) 233-9671
Return prepared by
JEFFREY JAMES VELLUCCI CPA

Mission

TO ENCOURAGE MEMBERS IN PROFICIENCY IN NAVIGATION, IN MATTERS PERTAINING TO SEAMANSHIP AND PERSONAL MANAGEMENT OF ALL WATERCRAFT AND TO PROMOTE SOCIAL WELFARE

990 for the year ended December 31, 2024

Program accomplishments

  • YACHT CLUB
  • YACHT CLUB

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
04-6173867
Tax-exempt status
501(c)(7): Social or recreational club
Donations deductible
No
Exempt since
1970
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$460,070
Income (IRS master file)
$456,952

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$456,952$401,952$460,070XML
990December 2023$406,159$406,230$421,922XML
990December 2022$371,109$390,560$436,297IRS
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 04-6173867).

Questions about FOX HILL YACHT CLUB INC

What is the EIN of FOX HILL YACHT CLUB INC?
The employer identification number (EIN) of FOX HILL YACHT CLUB INC is 04-6173867.
Is FOX HILL YACHT CLUB INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1970.
Are donations to FOX HILL YACHT CLUB INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does FOX HILL 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 FOX HILL 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 FOX HILL 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 FOX HILL YACHT CLUB INC?
The 990 for the year ended December 31, 2024 names DEREK CIPRIANO.
Who are the officers and directors of FOX HILL YACHT CLUB INC?
The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
How much revenue does FOX HILL YACHT CLUB INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $456,952, expenses of $401,952 and total assets of $460,070 at year end.

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