Nonprofit · EIN 06-0478667
OLD LYME BEACH CLUB INC
Tax-exempt · EAST LYME, CT 06333
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $622,526 | $606,805 | $15,721 | $1,175,833 | $3,902 | $1,171,931 |
| December 31, 2023 | 990 | $568,374 | $522,597 | $45,777 | $1,146,521 | $4,311 | $1,142,210 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $8,190
- Program service revenue
- $539,452
- Investment income
- $6,326
- Net gain from sales of assets
- $500
- Net income from sales of inventory
- $68,523
- Other revenue
- $68,558
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $305,556
- Salaries, compensation and benefits (total)
- $347,950
- Professional fundraising fees
- $0
- Accounting fees
- $15,330
- Depreciation
- $67,176
- Program services (functional)
- $606,805
Balance sheet and other
- Total assets, start of year
- $1,146,521
- Total assets, end of year
- $1,175,833
- Total liabilities, end of year
- $3,902
- Net assets, end of year
- $1,171,931
- Land, buildings and equipment
- $878,647
- Gross unrelated business income
- $10,726
- Gross receipts
- $723,051
- Employees
- 31
- Volunteers
- 0
- Year formed
- 1939
- State of legal domicile
- CT
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jane Schellens | President Officer | 2 | $0 |
| Bruce Anderson | Vice President, Treasurer Officer | 12 | $0 |
| Moira Daniells | Secretary Officer | 2 | $0 |
| Jonathan Heuser | Assistant Treasurer Officer | 2 | $0 |
| Sloan Danenhower | Director Trustee or director | 2 | $0 |
| Ted Mundy | Director Trustee or director | 2 | $0 |
| Will Bradford | Director Trustee or director | 2 | $0 |
| Jodie Godbout | Director Trustee or director | 2 | $0 |
| Mary Matthews | Director Trustee or director | 2 | $0 |
| Martin Griswold | Director Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jane Schellens | President Officer | 2 | $0 |
| Bruce Anderson | Vice President, Treasurer Officer | 12 | $0 |
| Moira Daniells | Secretary Officer | 2 | $0 |
| Jonathan Heuser | Assistant Treasurer Officer | 2 | $0 |
| Sloan Danenhower | Director Trustee or director | 2 | $0 |
| Ted Mundy | Director Trustee or director | 2 | $0 |
| Will Bradford | Director Trustee or director | 2 | $0 |
| Jodie Godbout | Director Trustee or director | 2 | $0 |
| Mary Matthews | Director Trustee or director | 2 | $0 |
| Martin Griswold | Director Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 443, EAST LYME, CT 06333-0443
- Principal officer (990 for 2024)
- Bruce Anderson, 40 Cove Road, Lyme, CT 06371
- Signed the 990
- Bruce Anderson, Treasurer
- Phone
- (860) 434-3147
- Return prepared by
- Premier CPAs PC
Mission
Seasonal private beach club that promotes recreational and social activities for the exclusive benefit of its members by organizing dining events in addition to the daily use of the beach and facilities.
Program accomplishments
- To promote social and recreational activities exclusively to the members of the beach club and provide facilities for the enjoyment of the same.Expenses $606,805 · revenue $603,610
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 | Not 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
- 06-0478667
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1940
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,175,833
- Income (IRS master file)
- $723,051
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $622,526 | $606,805 | $1,175,833 | IRS |
| 990 | December 2023 | $568,374 | $522,597 | $1,146,521 | XML |
| 990 | December 2022 | $540,467 | $574,554 | $1,096,157 | 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 06-0478667).
Questions about OLD LYME BEACH CLUB INC
- What is the EIN of OLD LYME BEACH CLUB INC?
- The employer identification number (EIN) of OLD LYME BEACH CLUB INC is 06-0478667.
- Is OLD LYME BEACH CLUB INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1940.
- Are donations to OLD LYME BEACH CLUB INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does OLD LYME BEACH 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 OLD LYME BEACH 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 OLD LYME BEACH 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 OLD LYME BEACH CLUB INC?
- The 990 for the year ended December 31, 2024 names Bruce Anderson.
- Who are the officers and directors of OLD LYME BEACH CLUB INC?
- The 990 for the year ended December 31, 2024 lists 10 people; 0 received compensation from the organization.
- How much revenue does OLD LYME BEACH CLUB INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $622,526, expenses of $606,805 and total assets of $1,175,833 at year end.
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