Nonprofit · EIN 11-1437803
VARUNA BOAT CLUB INC
Tax-exempt (reinstated) · BROOKLYN, NY 11235
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $236,566 | $197,487 | $39,079 | $412,675 | $57,046 | $355,629 |
| December 31, 2023 | 990 | $225,199 | $188,588 | $36,611 | $373,786 | $69,276 | $304,510 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $101,372
- Membership dues
- $71,448
- Program service revenue
- $99,260
- Investment income
- $82
- Net income from fundraising events
- $19,988
- Net income from sales of inventory
- $15,864
- Other revenue
- $35,852
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $15,185
- Salaries, compensation and benefits (total)
- $16,683
- Professional fundraising fees
- $0
- Accounting fees
- $4,950
- Travel
- $200
- Depreciation
- $8,356
- Program services (functional)
- $196,625
- Management and general (functional)
- $862
Balance sheet and other
- Total assets, start of year
- $373,786
- Total assets, end of year
- $412,675
- Total liabilities, end of year
- $57,046
- Net assets, end of year
- $355,629
- Land, buildings and equipment
- $183,887
- Publicly traded securities
- $75,458
- Net assets without donor restrictions
- $139,933
- Net assets with donor restrictions
- $215,696
- Gross unrelated business income
- $9,775
- Gross receipts
- $290,417
- Employees
- 4
- Year formed
- 1932
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 |
|---|---|---|---|
| LAWRENCE BRINCAT | TREASURER Officer | – | $0 |
| THOMAS BUCHNER | CAPTAIN Officer | – | $0 |
| DONALD HELLMERS | SECRETARY Officer | – | $0 |
| MARTIN VEZZUTO JR | VICE-PRESIDE Officer | – | $0 |
| STEVEN MATTERA | FLEET CAPTAI Officer | – | $0 |
| MICHAEL SIANO | PRESIDENT Officer | – | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LAWRENCE BRINCAT | TREASURER Officer | – | $0 |
| THOMAS BUCHNER | CAPTAIN Officer | – | $0 |
| DONALD HELLMERS | SECRETARY Officer | – | $0 |
| MARTIN VEZZUTO JR | VICE-PRESIDE Officer | – | $0 |
| STEVEN MATTERA | FLEET CAPTAI Officer | – | $0 |
| MICHAEL SIANO | PRESIDENT Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- 2806 EMMONS AVE, BROOKLYN, NY 11235-2244
- Principal officer (990 for 2024)
- LAWRENCE BRINCAT, 1974 BATCHELDER STREET, BROOKLYN, NY 11229
- Signed the 990
- LAWRENCE BRINCAT, TREASURER
- Phone
- (917) 299-5233
- Return prepared by
- BMKR LLP
Mission
TO SUPPORT MEMBERS BOATING ACTIVITIES AND DOCKAGE.
Program accomplishments
- TO SUPPORT MEMBERS BOATING ACTIVITIES AND DOCKAGE.Expenses $127,961
- TO SUPPORT MEMBER DOCKING SERVICES.Expenses $68,664
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
- 11-1437803
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 2018
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N50)
- Assets (IRS master file)
- $412,675
- Income (IRS master file)
- $290,417
Revocation and reinstatement
- Exemption revoked
- May 15, 2014
- Posted by the IRS
- February 9, 2015
- Reinstated
- Effective May 15, 2014
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $236,566 | $197,487 | $412,675 | IRS |
| 990 | December 2023 | $225,199 | $188,588 | $373,786 | XML |
| 990 | December 2022 | $179,646 | $155,487 | $330,616 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 11-1437803).
Questions about VARUNA BOAT CLUB INC
- What is the EIN of VARUNA BOAT CLUB INC?
- The employer identification number (EIN) of VARUNA BOAT CLUB INC is 11-1437803.
- Is VARUNA BOAT CLUB INC tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2014 and reinstated it effective May 15, 2014.
- Are donations to VARUNA BOAT CLUB INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does VARUNA BOAT 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 VARUNA BOAT 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 VARUNA BOAT 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 VARUNA BOAT CLUB INC?
- The 990 for the year ended December 31, 2024 names LAWRENCE BRINCAT.
- Who are the officers and directors of VARUNA BOAT CLUB INC?
- The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does VARUNA BOAT CLUB INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $236,566, expenses of $197,487 and total assets of $412,675 at year end.
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