Nonprofit · EIN 11-1374565
STONY BROOK YACHT CLUB INC
Tax-exempt · STONY BROOK, NY 11790
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,149,561 | $2,081,166 | $68,395 | $3,261,855 | $1,886,278 | $1,375,577 |
| December 31, 2023 | 990 | $2,022,877 | $2,020,704 | $2,173 | $3,382,718 | $2,075,536 | $1,307,182 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,937,793
- Investment income
- $0
- Net income from sales of inventory
- $211,768
- Other revenue
- $211,768
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $800,136
- Salaries, compensation and benefits (total)
- $914,212
- Professional fundraising fees
- $0
- Accounting fees
- $10,800
- Occupancy
- $107,009
- Depreciation
- $157,710
- Program services (functional)
- $1,410,669
- Management and general (functional)
- $670,497
Balance sheet and other
- Total assets, start of year
- $3,382,718
- Total assets, end of year
- $3,261,855
- Total liabilities, end of year
- $1,886,278
- Net assets, end of year
- $1,375,577
- Land, buildings and equipment
- $1,288,212
- Net assets without donor restrictions
- $1,375,577
- Gross receipts
- $2,359,375
- Employees
- 70
- Year formed
- 1913
- State of legal domicile
- NY
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 |
|---|---|---|---|
| MARK REITH | COMMODORE Trustee or director, Officer | 0 | $0 |
| CLAY CROUCH | Trustee Trustee or director | 0 | $0 |
| DAN OLIVERI | Secretary Trustee or director, Officer | 0 | $0 |
| VINCENT GARGANO | Trustee Trustee or director | 0 | $0 |
| DENNIS BOLOGNA | Trustee Trustee or director | 0 | $0 |
| ERNST DINDA | Trustee Trustee or director | 0 | $0 |
| JAMES MCDONALD | Trustee Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARK REITH | COMMODORE Trustee or director, Officer | 0 | $0 |
| CLAY CROUCH | Trustee Trustee or director | 0 | $0 |
| DAN OLIVERI | Secretary Trustee or director, Officer | 0 | $0 |
| JIM BUSCEMI | Treasurer Trustee or director, Officer | 0 | $0 |
| VINCENT GARGANO | Trustee Trustee or director | 0 | $0 |
| DENNIS BOLOGNA | Trustee Trustee or director | 0 | $0 |
| ERNST DINDA | Trustee Trustee or director | 0 | $0 |
| JAMES MCDONALD | Trustee Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 755, STONY BROOK, NY 11790-0755
- Principal officer (990 for 2024)
- MARK REITH, PO BOX 755, STONY BROOK, NY 11790
- Signed the 990
- MARK REITH, COMMODORE
- Phone
- (631) 751-9873
- Return prepared by
- MICHAEL A DUCA COMPANY CPAS PC
Mission
STONY BROOK YACHT CLUB, INC. WAS ORGANIZED TO ENCOURAGE THE SPORTS OF YACHTING AND BOATING, PROMOTE THE SCIENCE OF SEAMANSHIP AND NAVIGATION, AND TO PROVIDE AND MAINTAIN A SUITABLE CLUBHOUSE AND ANCHORAGE FOR THE RECREATION AND USE OF ITS MEMBERS.
Program accomplishments
- FOOD SERVICES - TO PROVIDE FOOD FOR ITS MEMBERS AT THE CLUBHOUSE FACILITY.Expenses $853,849 · revenue $599,609
- LAGOON RENTAL - TO PROVIDE ANCHORAGE FOR ITS MEMBERS TO PROMOTE THESCIENCE OF SEAMANSHIP AND NAVIGATION, AND FOR THE RECREATION AND USE OFITS MEMBERS.Expenses $301,663 · revenue $209,715
- BAR SERVICES FOR MEMBERSHIPExpenses $226,949 · revenue $289,683
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
- 11-1374565
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1953
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N67Z)
- Assets (IRS master file)
- $3,261,855
- Income (IRS master file)
- $2,359,375
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,149,561 | $2,081,166 | $3,261,855 | XML |
| 990 | December 2023 | $2,022,877 | $2,020,704 | $3,382,718 | XML |
| 990 | December 2022 | $1,921,676 | $2,001,210 | $3,314,891 | 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 11-1374565).
Questions about STONY BROOK YACHT CLUB INC
- What is the EIN of STONY BROOK YACHT CLUB INC?
- The employer identification number (EIN) of STONY BROOK YACHT CLUB INC is 11-1374565.
- Is STONY BROOK YACHT CLUB INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1953.
- Are donations to STONY BROOK YACHT CLUB INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does STONY BROOK 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 STONY BROOK YACHT 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 STONY BROOK YACHT 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 STONY BROOK YACHT CLUB INC?
- The 990 for the year ended December 31, 2024 names MARK REITH.
- Who are the officers and directors of STONY BROOK YACHT CLUB INC?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does STONY BROOK YACHT CLUB INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,149,561, expenses of $2,081,166 and total assets of $3,261,855 at year end.
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