Nonprofit · EIN 05-0213436
SAKONNET YACHT CLUB
Tax-exempt · LITTLE COMPTON, RI 02837
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $537,887 | $392,934 | $144,953 | $814,328 | $0 | $814,328 |
| December 31, 2024 | 990 | $481,226 | $387,070 | $94,156 | $669,375 | $0 | $669,375 |
| December 31, 2023 | 990 | $416,481 | $429,715 | -$13,234 | $575,219 | $0 | $575,219 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $280,355
- Membership dues
- $280,105
- Program service revenue
- $204,380
- Investment income
- $45,355
- Net gain from sales of assets
- $25,328
- Net income from sales of inventory
- $7,797
- Other revenue
- $7,797
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $138,313
- Salaries, compensation and benefits (total)
- $150,728
- Professional fundraising fees
- $0
- Accounting fees
- $9,625
- Occupancy
- $32,917
- Travel
- $549
- Depreciation
- $31,215
- Program services (functional)
- $319,580
- Management and general (functional)
- $73,354
Balance sheet and other
- Total assets, start of year
- $669,375
- Total assets, end of year
- $814,328
- Total liabilities, end of year
- $0
- Net assets, end of year
- $814,328
- Land, buildings and equipment
- $73,902
- Net assets without donor restrictions
- $814,328
- Gross receipts
- $555,884
- Employees
- 22
- Volunteers
- 0
- Year formed
- 1939
- 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 |
|---|---|---|---|
| CHRIS BRISLIN | DIRECTOR Trustee or director | 0 | $0 |
| PETER BATES | DIRECTOR Trustee or director | 0 | $0 |
| AIMEE MUNROE | DIRECTOR Trustee or director | 0 | $0 |
| BRODT TAYLOR | DIRECTOR Trustee or director | 0 | $0 |
| MARA SHORE | DIRECTOR Trustee or director | 0 | $0 |
| BART LITTLEFIELD | DIRECTOR Trustee or director | 0 | $0 |
| KARL HOYT | DIRECTOR Trustee or director | 1 | $0 |
| MARSHAL FORDYCE | DIRECTOR Trustee or director | 0 | $0 |
| MIKE MASSA | DIRECTOR Trustee or director | 0 | $0 |
| JEREMY HOWARD | DIRECTOR Trustee or director | 0 | $0 |
| BRUCE CHAFFEE | COMMODORE Officer | 1 | $0 |
| DAVID GARSH | VICE COMMODORE Officer | 0 | $0 |
| LOUISE MANNING | REAR COMMODORE Officer | 0 | $0 |
| SUZANNE MADDEN | SECRETARY Officer | 0 | $0 |
| TOM LYONS | TREASURER Officer | 1 | $0 |
990 for the year ended December 31, 2024: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHRIS BRISLIN | DIRECTOR Trustee or director | 0 | $0 |
| PETER BATES | DIRECTOR Trustee or director | 0 | $0 |
| AIMEE MUNROE | DIRECTOR Trustee or director | 0 | $0 |
| BRODT TAYLOR | DIRECTOR Trustee or director | 0 | $0 |
| MARA SHORE | DIRECTOR Trustee or director | 0 | $0 |
| BART LITTLEFIELD | DIRECTOR Trustee or director | 0 | $0 |
| KARL HOYT | DIRECTOR Trustee or director | 1 | $0 |
| MARSHAL FORDYCE | DIRECTOR Trustee or director | 0 | $0 |
| MIKE MASSA | DIRECTOR Trustee or director | 0 | $0 |
| JEREMY HOWARD | DIRECTOR Trustee or director | 0 | $0 |
| ANDREW MOORE | DIRECTOR Trustee or director | 0 | $0 |
| BRUCE CHAFFEE | COMMODORE Officer | 1 | $0 |
| DAVID GARSH | VICE COMMODORE Officer | 0 | $0 |
| LOUISE MANNING | REAR COMMODORE Officer | 0 | $0 |
| SUZANNE MADDEN | SECRETARY Officer | 0 | $0 |
| TOM LYONS | TREASURER Officer | 1 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHRIS BRISLIN | DIRECTOR Trustee or director | 0 | $0 |
| PETER BATES | DIRECTOR Trustee or director | 0 | $0 |
| AIMEE MUNROE | DIRECTOR Trustee or director | 0 | $0 |
| BRODT TAYLOR | DIRECTOR Trustee or director | 0 | $0 |
| MARA SHORE | DIRECTOR Trustee or director | 0 | $0 |
| BART LITTLEFIELD | DIRECTOR Trustee or director | 0 | $0 |
| KARL HOYT | DIRECTOR Trustee or director | 1 | $0 |
| MARASHAL FORDYCE | DIRECTOR Trustee or director | 0 | $0 |
| MIKE MASSA | DIRECTOR Trustee or director | 0 | $0 |
| JEREMY HOWARD | DIRECTOR Trustee or director | 0 | $0 |
| ANDREW MOORE | DIRECTOR Trustee or director | 0 | $0 |
| BRUCE CHAFFEE | COMMODORE Officer | 1 | $0 |
| DAVID GARSH | VICE COMMODORE Officer | 0 | $0 |
| MARGARETT MANNING | REAR COMMODORE Officer | 0 | $0 |
| SUZANNE MADDEN | SECRETARY Officer | 0 | $0 |
| TOM LYONS | TREASURER Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 163 SAKONNET POINT ROAD, LITTLE COMPTON, RI 02837-0000
- Principal officer (990 for 2025)
- TOM LYONS, PO BOX 514, LITTLE COMPTON, RI 02837
- Signed the 990
- TOM LYONS, TREASURER
- Phone
- (774) 451-3275
- Website
- WWW.SAKONNETYACHTCLUB.ORG
- Return prepared by
- CBIZ ADVISORS LLC
Mission
TO PROVIDE SAILING LESSONS FOR THE CHILDREN OF MEMBERS OF THE CLUB. TO PROVIDE INTRA-CLUB RACING FOR MEMBERS.
Program accomplishments
- JUNIOR SAILING PROGRAM - TEACH SAILING, RACING, CAMP AND CRUISING SKILLS TO MEMBERS CHILDREN.Expenses $135,428 · revenue $126,631
- GUEST CLUB AND ADULT INSTRUCTION FEES SLIP FEES AND RACING PROGRAMSExpenses $175,027 · revenue $77,749
- YACHT CLUB MERCHANDISEExpenses $9,125 · revenue $16,922
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
- 05-0213436
- 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)
- $814,328
- Income (IRS master file)
- $555,884
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $537,887 | $392,934 | $814,328 | XML |
| 990 | December 2024 | $481,226 | $387,070 | $669,375 | XML |
| 990 | December 2023 | $416,481 | $429,715 | $575,219 | XML |
| 990 | December 2022 | $437,667 | $399,975 | $588,453 | 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 05-0213436).
Questions about SAKONNET YACHT CLUB
- What is the EIN of SAKONNET YACHT CLUB?
- The employer identification number (EIN) of SAKONNET YACHT CLUB is 05-0213436.
- Is SAKONNET YACHT CLUB tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1970.
- Are donations to SAKONNET YACHT CLUB tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does SAKONNET 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 SAKONNET 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 SAKONNET 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 SAKONNET YACHT CLUB?
- The 990 for the year ended December 31, 2025 names TOM LYONS.
- Who are the officers and directors of SAKONNET YACHT CLUB?
- The 990 for the year ended December 31, 2025 lists 15 people; 0 received compensation from the organization.
- How much revenue does SAKONNET YACHT CLUB have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $537,887, expenses of $392,934 and total assets of $814,328 at year end.
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