Nonprofit · EIN 05-0171955
IDA LEWIS YACHT CLUB INC
Tax-exempt · NEWPORT, RI 02840
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,276,524 | $1,263,383 | $13,141 | $1,602,035 | $25,446 | $1,576,589 |
| December 31, 2024 | 990 | $1,275,117 | $1,357,218 | -$82,101 | $1,603,994 | $40,546 | $1,563,448 |
| December 31, 2023 | 990 | $1,242,358 | $1,064,805 | $177,553 | $1,672,246 | $26,697 | $1,645,549 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,220,120
- Investment income
- $27,609
- Net income from sales of inventory
- $28,795
- Other revenue
- $28,795
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $459,966
- Salaries, compensation and benefits (total)
- $568,825
- Professional fundraising fees
- $0
- Accounting fees
- $7,079
- Occupancy
- $90,227
- Depreciation
- $116,672
Balance sheet and other
- Total assets, start of year
- $1,603,994
- Total assets, end of year
- $1,602,035
- Total liabilities, end of year
- $25,446
- Net assets, end of year
- $1,576,589
- Land, buildings and equipment
- $653,978
- Gross unrelated business income
- $112,115
- Gross receipts
- $1,595,482
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1928
- State of legal domicile
- RI
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 |
|---|---|---|---|
| WILLIAM O'HANLEY | COMMODORE Trustee or director, Officer | 1 | $0 |
| VERONICA BROWN | VICE COMMODORE Trustee or director, Officer | 1 | $0 |
| JOHN BURNHAM | REAR COMMODORE Trustee or director, Officer | 1 | $0 |
| EMILY BABBITT | SECRETARY Trustee or director, Officer | 1 | $0 |
| DANIEL F DWYER III | TREASURER Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEPHEN J MACGILLIVRAY | COMMODORE Trustee or director, Officer | 1 | $0 |
| CHRISTOPHER W ARNER | VICE COMMODORE Trustee or director, Officer | 1 | $0 |
| WILLIAM O'HANLEY | REAR COMMODORE Trustee or director, Officer | 1 | $0 |
| NANCY CARDOZA | TREASURER Trustee or director, Officer | 1 | $0 |
| DEBORAH K PENN | SECRETARY Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEPHEN J MACGILLIVRAY | COMMODORE Trustee or director, Officer | 1 | $0 |
| CHRISTOPHER W ARNER | VICE COMMODORE Trustee or director, Officer | 1 | $0 |
| WILLIAM O'HANLEY | REAR COMMODORE Trustee or director, Officer | 1 | $0 |
| NANCY CARDOZA | TREASURER Trustee or director, Officer | 1 | $0 |
| DEBORAH K PENN | SECRETARY Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 479, NEWPORT, RI 02840-0479
- In care of
- % MARK KELLNER
- Principal officer (990 for 2025)
- WILLIAM O'HANLEY, PO BOX 479, NEWPORT, RI 02840
- Signed the 990
- WILLIAM O'HANLEY, COMMODORE
- Phone
- (401) 846-1969
- Website
- WWW.ILYC.ORG
- Return prepared by
- SKUNCIK & ASSOCIATES LTD
Mission
PRESERVE LIME ROCK LIGHTHOUSE; FOSTER EXCELLENCE IN YACHTING & YACHT RACING, WITH AN EMPHASIS ON TRADITIONS, SPORTSMANSHIP, EDUCATION AND CAMARADERIE.
Program accomplishments
- OPERATION OF CLUB'S DINING, RECREATIONAL AND ENTERTAINMENT FACILITIES
- OPERATION OF MEMBER SERVICES TO PROVIDE SLIPS, PIERS, FLOATS, MOORINGS, LAUNCH SERVICES, LOCKERS AND RELATED FACILITIES.
- PROVIDE AND MANAGE JUNIOR AND ADULT SAILING PROGRAMS FOR INSTRUCTION AND RACING.
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
- 05-0171955
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1977
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,602,035
- Income (IRS master file)
- $1,595,482
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,276,524 | $1,263,383 | $1,602,035 | XML |
| 990 | December 2024 | $1,275,117 | $1,357,218 | $1,603,994 | XML |
| 990 | December 2023 | $1,242,358 | $1,064,805 | $1,672,246 | XML |
| 990 | December 2022 | $1,271,086 | $1,095,392 | $1,573,010 | 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 05-0171955).
Questions about IDA LEWIS YACHT CLUB INC
- What is the EIN of IDA LEWIS YACHT CLUB INC?
- The employer identification number (EIN) of IDA LEWIS YACHT CLUB INC is 05-0171955.
- Is IDA LEWIS YACHT CLUB INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1977.
- Are donations to IDA LEWIS YACHT CLUB INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does IDA LEWIS 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 IDA LEWIS YACHT CLUB INC 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 IDA LEWIS YACHT CLUB INC 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 IDA LEWIS YACHT CLUB INC?
- The 990 for the year ended December 31, 2025 names WILLIAM O'HANLEY.
- Who are the officers and directors of IDA LEWIS YACHT CLUB INC?
- The 990 for the year ended December 31, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does IDA LEWIS YACHT CLUB INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,276,524, expenses of $1,263,383 and total assets of $1,602,035 at year end.
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