Nonprofit · EIN 06-0714276
MASONS ISLAND YACHT CLUB INC
Tax-exempt · MYSTIC, CT 06355
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $639,720 | $568,979 | $70,741 | $1,342,269 | $174 | $1,342,095 |
| December 31, 2024 | 990 | $608,918 | $508,582 | $100,336 | $1,271,674 | $320 | $1,271,354 |
| December 31, 2023 | 990 | $550,114 | $524,777 | $25,337 | $1,173,023 | $2,005 | $1,171,018 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $319,165
- Membership dues
- $274,694
- Program service revenue
- $208,444
- Investment income
- $22,300
- Other revenue
- $89,811
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $122,421
- Salaries, compensation and benefits (total)
- $131,238
- Professional fundraising fees
- $0
- Occupancy
- $72,609
- Depreciation
- $63,964
- Program services (functional)
- $505,015
Balance sheet and other
- Total assets, start of year
- $1,271,674
- Total assets, end of year
- $1,342,269
- Total liabilities, end of year
- $174
- Net assets, end of year
- $1,342,095
- Land, buildings and equipment
- $621,442
- Gross unrelated business income
- $22,300
- Gross receipts
- $639,720
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1923
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KEVIN MILLER | COMMODORE Trustee or director, Officer | 15 | $0 |
| JODY PHILLIPS CLARK | VICE COMMODRE Trustee or director, Officer | 10 | $0 |
| KIMMIE ROSS | REAR COMMODORE Trustee or director, Officer | 5 | $0 |
| SARAH LEE WILLEY | SECRETARY Trustee or director, Officer | 5 | $0 |
| TAYLOR SOLLINGER | TREASURER Trustee or director, Officer | 20 | $0 |
| VARIOUS TRUSTEES - 7 TOTAL | TRUSTEE Trustee or director | 5 | $0 |
990 for the year ended December 31, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KEVIN MILLER | COMMODORE Trustee or director, Officer | 15 | $0 |
| JODY PHILLIPS CLARK | VICE COMMODRE Trustee or director, Officer | 10 | $0 |
| JIM WILSON | REAR COMMODORE Trustee or director, Officer | 5 | $0 |
| SARAH LEE WILLEY | SECRETARY Trustee or director, Officer | 5 | $0 |
| DAVID LUDWIG | TREASURER Trustee or director, Officer | 20 | $0 |
| VARIOUS TRUSTEES - 7 TOTAL | TRUSTEE Trustee or director | 5 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| VICTORIA CHRISTIAN | COMMODORE Trustee or director, Officer | 15 | $0 |
| KEVIN MILLER | VICE COMMODRE Trustee or director, Officer | 10 | $0 |
| JODY PHILLIPS CLARK | REAR COMMODORE Trustee or director, Officer | 5 | $0 |
| SARAH LEE WILLEY | SECRETARY Trustee or director, Officer | 5 | $0 |
| DAVID LUDWIG | TREASURER Trustee or director, Officer | 20 | $0 |
| VARIOUS TRUSTEES - 7 TOTAL | TRUSTEE Trustee or director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 465, MYSTIC, CT 06355-0465
- Principal officer (990 for 2025)
- TAYLOR SOLLINGER, PO BOX 465, MYSTIC, CT 06355
- Signed the 990
- TAYLOR SOLLINGER, TREASURER
- Phone
- (703) 608-9917
- Website
- MIYC.CLUBEXPRESS.COM
- Return prepared by
- ELM STREET TAX LLC
Mission
TO ENGAGE IN THE SPORT OF YACHTING, PROVIDE A PLACE FOR COMMUNITY ENTERTAINMENT AND PROMOTE SOCIAL INTERACTION, RECREATION AND IMPROVEMENT OF ITS MEMBERS.
Program accomplishments
- SAILING - PURPOSE IS TO TEACH JUNIOR AND ADULT MEMBERS OF THE YACHT CLUB HOW TO SAILAND RACE SMALL BOATS. THE SAILING PROGRAM INCLUDES RACING REGATTAS FOR ADULT AND JUNIOR MEMBERS. SUMMER EMPLOYEES PROVIDE INSTRUCTION.Expenses $17,654 · revenue $43,492
- TENNIS & BOCCE - THESE PROGRAMS PROVIDE TENNIS & BOCCE FACILITIES TO THE YACHT CLUB MEMBERS AND THEIR GUESTS. THE PROGRAM ALSO PROVIDES INSTRUCTION TO JUNIOR AND ADULT MEMBERS VIA GROUP CLINICS AND PRIVATE LESSONS GIVEN BY A SUMMER TENNIS PROFESSIONAL. THE PROGRAM INCLUDES TOURNAMENTS FOR BOTH JUNIORS AND ADULTS.Expenses $8,443 · revenue $36,381
- ENTERTAINMENT - THIS PROGRAM PROVIDES VARIOUS SOCIAL EVENTS THROUGHOUT THE YEAR FOR CLUB MEMBERS AND GUESTS. THESE EVENTS INCLUDE PICNICS, COCKTAIL PARTIES, LOBSTERFEST, DINNERS AND MOVIE NIGHTS. JUNIOR MEMBERS ALSO HAVE VARIOUS ACTIVITIES INCUDING A 4TH OF JULY BIKE PARADE AND PARTIES.Expenses $113,392 · revenue $100,269
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
- 06-0714276
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1976
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,342,269
- Income (IRS master file)
- $639,720
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $639,720 | $568,979 | $1,342,269 | XML |
| 990 | December 2024 | $608,918 | $508,582 | $1,271,674 | XML |
| 990 | December 2023 | $550,114 | $524,777 | $1,173,023 | XML |
| 990 | December 2022 | $498,268 | $444,860 | $1,146,075 | 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 06-0714276).
Questions about MASONS ISLAND YACHT CLUB INC
- What is the EIN of MASONS ISLAND YACHT CLUB INC?
- The employer identification number (EIN) of MASONS ISLAND YACHT CLUB INC is 06-0714276.
- Is MASONS ISLAND YACHT CLUB INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1976.
- Are donations to MASONS ISLAND YACHT CLUB INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MASONS ISLAND 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 MASONS ISLAND 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 MASONS ISLAND 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 MASONS ISLAND YACHT CLUB INC?
- The 990 for the year ended December 31, 2025 names TAYLOR SOLLINGER.
- Who are the officers and directors of MASONS ISLAND YACHT CLUB INC?
- The 990 for the year ended December 31, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does MASONS ISLAND YACHT CLUB INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $639,720, expenses of $568,979 and total assets of $1,342,269 at year end.
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