Nonprofit · EIN 05-0247709
WESTERLY YACHT CLUB
Tax-exempt · WESTERLY, RI 02891
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| February 28, 2025 | 990 | $1,910,643 | $1,950,028 | -$39,385 | $4,464,868 | $1,457,810 | $3,007,058 |
| February 29, 2024 | 990 | $1,797,257 | $1,798,410 | -$1,153 | $4,705,535 | $1,645,271 | $3,060,264 |
Financial details: 990 for the year ended February 28, 2025
Revenue
- Contributions, gifts and grants
- $573,955
- Membership dues
- $573,955
- Program service revenue
- $650,742
- Investment income
- $29,729
- Net rental income
- $14,309
- Net income from sales of inventory
- $641,908
- Other revenue
- $656,217
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $81,950
- Other salaries and wages
- $354,171
- Salaries, compensation and benefits (total)
- $483,470
- Professional fundraising fees
- $0
- Occupancy
- $573,134
- Depreciation
- $232,230
- Program services (functional)
- $1,863,227
- Management and general (functional)
- $86,801
Balance sheet and other
- Total assets, start of year
- $4,705,535
- Total assets, end of year
- $4,464,868
- Total liabilities, end of year
- $1,457,810
- Net assets, end of year
- $3,007,058
- Land, buildings and equipment
- $3,073,504
- Net assets without donor restrictions
- $2,938,908
- Net assets with donor restrictions
- $68,150
- Gross unrelated business income
- $44,038
- Gross receipts
- $2,761,340
- Employees
- 40
- Year formed
- 1921
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 February 28, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICHARD BROWN | VICE COMMODO Trustee or director, Officer | 4 | $0 |
| RICHARD BUCKLEY | SECRETARY Trustee or director, Officer | 4 | $0 |
| JACK CALLINAN | REAR COMMADO Trustee or director, Officer | 4 | $0 |
| THOMAS KRIVICKAS | BOARD OF DIR Trustee or director | 2 | $0 |
| JOHN LALLO | COMMADORE Trustee or director, Officer | 4 | $0 |
| DAVID MALEK | BOARD OF DIR Trustee or director | 2 | $0 |
| MILAN MOSCARITOLO | BOARD OF DIR Trustee or director | 2 | $0 |
| DAVID MURPHY | BOARD OF DIR Trustee or director | 2 | $0 |
| DALE REIS | BOARD OF DIR Trustee or director | 2 | $0 |
| EMILY TUNILA | BOARD OF DIR Trustee or director | 2 | $0 |
| DAVID TURANO | TREASURER Trustee or director, Officer | 4 | $0 |
990 for the year ended February 29, 2024: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICHARD BROWN | VICE COMMODO Trustee or director, Officer | 4 | $0 |
| JACK CALLINAN | REAR COMMODO Trustee or director, Officer | 4 | $0 |
| THOMAS KRIVICKAS | BOARD OF DIR Trustee or director | 2 | $0 |
| JON LALLO | COMMODORE Trustee or director, Officer | 4 | $0 |
| DAVID MALEK | BOARD OF DIR Trustee or director | 2 | $0 |
| MILAN MOSCARITOLO | BOARD OF DIR Trustee or director | 2 | $0 |
| DAVID MURPHY | BOARD OF DIR Trustee or director | 2 | $0 |
| DALE REIS | BOARD OF DIR Trustee or director | 2 | $0 |
| EMILY TUNILA | BOARD OF DIR Trustee or director | 2 | $0 |
| DAVID TURANO | TREASURER Trustee or director, Officer | 4 | $0 |
| RICHARD BUCKLEY | SECRETARY Officer | 4 | $0 |
Address and contacts
- Address (IRS master file)
- 1 WATCH HILL RD, WESTERLY, RI 02891-3218
- In care of
- % PAMELA
- Principal officer (990 for 2024)
- RICHARD BROWN, 72 MARGIN STREET, WESTERLY, RI 02891
- Signed the 990
- RICHARD BROWN, VICE COMMODORE
- Phone
- (401) 596-7556
- Website
- WESTERLYYC.ORG
- Return prepared by
- PETER WM MANERI JR CPA LLC
Mission
THE WESTERLY YACHT CLUB, A DOMESTIC NON-PROFIT ASSOCIATION ESTABLISHED IN 1921, WAS ORGANIZED TO PROVIDE FOR RECREATIONAL BOATING, EDUCATION AND SOCIAL FACILITIES FOR MEMBERS, SUPPORT DUES, ASSESSMENTS DOCK FEES.
Program accomplishments
- TO PROVIDE DOCK SPACE FOR MEMBERS ONLY FOR RECREATIONAL BOATING ALONG WITH GAS DOCK.Expenses $140,762
- TO PROVIDE SOCIAL FACILITIES FOR MEMBERS ONLY.Expenses $47,782
- TO PROVIDE A LOUNGE FOR SOCIAL ACTIVITIES MEMBERS ONLY.Expenses $284,695
- PROVIDE MEMBER FACILITIESExpenses $1,389,988
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 February, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | February 28, 2026 | July 15, 2026 | Not on file |
| 2024 | February 28, 2025 | July 15, 2025 | 990 on file |
| 2023 | February 29, 2024 | July 15, 2024 | 990 on file |
IRS record
- EIN
- 05-0247709
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1956
- Accounting year ends
- February
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N50)
- Assets (IRS master file)
- $4,464,868
- Income (IRS master file)
- $2,761,340
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | February 2025 | $1,910,643 | $1,950,028 | $4,464,868 | XML |
| 990 | February 2024 | $1,797,257 | $1,798,410 | $4,705,535 | XML |
| 990 | February 2023 | $1,412,828 | $1,349,021 | $4,928,925 | IRS |
| 990 | February 2022 | – | – | – | IRS |
| 990 | February 2021 | – | – | – | IRS |
| 990 | February 2020 | – | – | – | IRS |
| 990 | February 2019 | – | – | – | 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 05-0247709).
Questions about WESTERLY YACHT CLUB
- What is the EIN of WESTERLY YACHT CLUB?
- The employer identification number (EIN) of WESTERLY YACHT CLUB is 05-0247709.
- Is WESTERLY YACHT CLUB tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1956.
- Are donations to WESTERLY YACHT CLUB tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does WESTERLY 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 WESTERLY YACHT CLUB due?
- The return for tax year 2025 (the year ending February 28, 2026) is due July 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WESTERLY YACHT CLUB last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended February 2025.
- Who is the principal officer of WESTERLY YACHT CLUB?
- The 990 for the year ended February 28, 2025 names RICHARD BROWN.
- Who are the officers and directors of WESTERLY YACHT CLUB?
- The 990 for the year ended February 28, 2025 lists 11 people; 0 received compensation from the organization.
- How much revenue does WESTERLY YACHT CLUB have?
- On its 990 for the year ended February 28, 2025 it reported revenue of $1,910,643, expenses of $1,950,028 and total assets of $4,464,868 at year end.
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- HILLTOP SOCIAL CLUB INC EIN 05-0367183 · last filed 990-EZ for 2024
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All nonprofits in WESTERLY · Rhode Island · Recreation and sports