Nonprofit · EIN 05-0496668
SAKONNET POINT CLUB
Also known as PAYROLL
Tax-exempt · L COMPTON, RI 02837
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,719,771 | $1,535,867 | $183,904 | $8,723,448 | $8,167,307 | $556,141 |
| December 31, 2024 | 990 | $1,341,509 | $1,877,410 | -$535,901 | $8,110,583 | $7,739,123 | $371,460 |
| December 31, 2023 | 990 | $1,563,174 | $1,537,542 | $25,632 | $8,535,098 | $7,642,800 | $892,298 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,106,963
- Investment income
- $9,295
- Net gain from sales of assets
- -$1,710
- Net income from sales of inventory
- -$400,850
- Other revenue
- -$396,487
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $477,698
- Salaries, compensation and benefits (total)
- $570,490
- Professional fundraising fees
- $0
- Occupancy
- $123,778
- Travel
- $435
- Depreciation
- $235,188
Balance sheet and other
- Total assets, start of year
- $8,110,583
- Total assets, end of year
- $8,723,448
- Total liabilities, end of year
- $8,167,307
- Net assets, end of year
- $556,141
- Land, buildings and equipment
- $7,239,939
- Net assets without donor restrictions
- $556,141
- Gross unrelated business income
- $10,131
- Gross receipts
- $3,236,883
- Employees
- 65
- Volunteers
- 12
- Year formed
- 1998
- 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 |
|---|---|---|---|
| JACK HAIRE | PRESIDENT Trustee or director, Officer | 20 | $0 |
| TOM MALONE | TREASURER Trustee or director, Officer | 20 | $0 |
| JONI WALSER | SECRETARY Trustee or director, Officer | 5 | $0 |
| ROBERTA CAPUANO | DIRECTOR Trustee or director | 5 | $0 |
| MATTHEW DAWSON | DIRECTOR Trustee or director | 5 | $0 |
| JOHN HALEY | DIRECTOR Trustee or director | 5 | $0 |
| MICHAEL HUDNER | DIRECTOR Trustee or director | 5 | $0 |
| NOELLE VITT | DIRECTOR Trustee or director | 5 | $0 |
| RYAN WAGNER | DIRECTOR Trustee or director | 5 | $0 |
| JOHN WRIGHT JR | DIRECTOR Trustee or director | 5 | $0 |
| MELISSA HAIRE | DIRECTOR Trustee or director | 5 | $0 |
| MERIDEN CHEWNING | DIRECTOR Trustee or director | 5 | $0 |
990 for the year ended December 31, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SCOTT MORRISON | PRESIDENT Trustee or director, Officer | 20 | $0 |
| MELISSA HAIRE | VICE PRESIDENT AND TREASURER Trustee or director, Officer | 20 | $0 |
| JENNA HASHWAY | SECRETARY Trustee or director, Officer | 5 | $0 |
| ROBERT GALFORD | DIRECTOR Trustee or director | 5 | $0 |
| THOMAS VANDER SALM | DIRECTOR Trustee or director | 5 | $0 |
| MICHAEL HUDNER | DIRECTOR Trustee or director | 5 | $0 |
| RYAN WAGNER | DIRECTOR Trustee or director | 5 | $0 |
| JONI WALSER | DIRECTOR Trustee or director | 5 | $0 |
| ROBERTA CAPUANO | DIRECTOR Trustee or director | 5 | $0 |
| MERIDEN CHEWNING | DIRECTOR Trustee or director | 5 | $0 |
| JACK HAIRE | DIRECTOR Trustee or director | 5 | $0 |
| TOM MALONE | DIRECTOR Trustee or director | 5 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CRAIG DEMOTT | CLUB MANAGER Key employee | 50 | $185,877 | $5,856 |
| SCOTT A MORRISON | PRESIDENT Trustee or director, Officer | 20 | $0 | $0 |
| MELISSA HAIRE | TREASURER Trustee or director, Officer | 20 | $0 | $0 |
| ROBERT GALFORD | DIRECTOR Trustee or director | 5 | $0 | $0 |
| DIANNE KEELER BRUCE | DIRECTOR Trustee or director | 5 | $0 | $0 |
| ROBERT MUELLER | DIRECTOR Trustee or director | 5 | $0 | $0 |
| LISA HAFFENREFFER | DIRECTOR Trustee or director | 5 | $0 | $0 |
| DAVID MARTIN | DIRECTOR Trustee or director | 5 | $0 | $0 |
| THOMAS VANDERSALM | DIRECTOR Trustee or director | 5 | $0 | $0 |
| RYAN WAGNER | DIRECTOR Trustee or director | 5 | $0 | $0 |
| NANCY GOODWIN | DIRECTOR Trustee or director | 5 | $0 | $0 |
| HOLLY LIPPERT | DIRECTOR Trustee or director | 5 | $0 | $0 |
| MICHAEL HUDNER | DIRECTOR Trustee or director | 5 | $0 | $0 |
| JONI WALSER | DIRECTOR Trustee or director | 5 | $0 | $0 |
| ROBERTA CAPUANO | DIRECTOR Trustee or director | 5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 11 BLUFF HEAD AVE, L COMPTON, RI 02837-1008
- Principal officer (990 for 2025)
- TOM MALONE, 11 BLUFF HEAD AVENUE, LITTLE COMPTON, RI 02837
- Signed the 990
- TOM MALONE, TREASURER
- Phone
- (401) 635-2582
- Website
- WWW.SAKONNETPOINTCLUB.ORG
- Return prepared by
- PKF O'CONNOR DAVIES ADVISORY LLC
Mission
FOUNDED IN 1998 TO REVITALIZE AN HISTORIC HARBOR PROPERTY AND TO PRESERVE ITS STORIED HERITAGE, THE SAKONNET POINT CLUB'S MISSION IS TO PROVIDE MEMBERS AND THEIR GUESTS ACCESS TO SAKONNET WATERS, AS WELL AS OFFER QUALITY, COMPLEMENTARY ACTIVITIES SUCH AS BOATING, SWIMMING, EXERCISING, DINING AND SOCIALIZING IN SETTING OF UNMATCHED HARBOR AND OCEAN VIEWS. THE CLUB IS FULLY COMMITTED TO MAINTAINING A RELAXED, FAMILY FOCUSED AND WELCOMING ATMOSPHERE, AND MANAGING ITS FINANCIAL AFFAIRS IN A RESPONSIBLE MANNER.
Program accomplishments
- CLUB SERVICES 403 MEMBERS AND 223 OFF-SEASON PRIVILEGE HOLDERS, PROVIDING SOCIAL AND RECREATIONAL OPPORTUNITIES FOR MEMBERS AND THEIR GUESTS.
- WATERFRONT FACILITIES FOR THE USE OF MEMBERS TO LAUNCH THEIR BOATS.
- THE CLUB OFFERS PERSONAL TRAINING SERVICES, MASSAGE THERAPY AND A VARIETY OF ACTIVITIES TO SUPPORT HEALTH AND WELLNESS.
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
- 05-0496668
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1999
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N50)
- Assets (IRS master file)
- $8,723,448
- Income (IRS master file)
- $3,236,883
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,719,771 | $1,535,867 | $8,723,448 | XML |
| 990 | December 2024 | $1,341,509 | $1,877,410 | $8,110,583 | XML |
| 990 | December 2023 | $1,563,174 | $1,537,542 | $8,535,098 | XML |
| 990 | December 2022 | $1,549,337 | $1,388,422 | $8,588,800 | 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 05-0496668).
Questions about SAKONNET POINT CLUB
- What is the EIN of SAKONNET POINT CLUB?
- The employer identification number (EIN) of SAKONNET POINT CLUB is 05-0496668.
- Is SAKONNET POINT CLUB tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1999.
- Are donations to SAKONNET POINT CLUB tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does SAKONNET POINT 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 POINT 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 POINT 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 POINT CLUB?
- The 990 for the year ended December 31, 2025 names TOM MALONE.
- Who are the officers and directors of SAKONNET POINT CLUB?
- The 990 for the year ended December 31, 2025 lists 12 people; 0 received compensation from the organization.
- How much revenue does SAKONNET POINT CLUB have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,719,771, expenses of $1,535,867 and total assets of $8,723,448 at year end.
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All nonprofits in L COMPTON · Rhode Island · Recreation and sports