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Nonprofit · EIN 11-1836072

SAGAMORE YACHT CLUB INC

Tax-exempt · OYSTER BAY, NY 11771

Financials

$552K$520K2023$616K$527K2024
Revenue Expenses · by fiscal year end
Financials of SAGAMORE YACHT CLUB INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$616,436$527,172$89,264$1,115,435$74,051$1,041,384
December 31, 2023990$552,003$520,132$31,871$1,032,227$80,107$952,120
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$706,362
Investment income
$19
Net rental income
$26,937
Net income from fundraising events
$67
Net income from sales of inventory
-$143,076
Other revenue
-$89,945

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$34,986
Professional fundraising fees
$0
Accounting fees
$250
Depreciation
$52,402

Balance sheet and other

Total assets, start of year
$1,032,227
Total assets, end of year
$1,115,435
Total liabilities, end of year
$74,051
Net assets, end of year
$1,041,384
Land, buildings and equipment
$537,760
Net assets without donor restrictions
$1,041,384
Gross unrelated business income
$26,956
Gross receipts
$1,474,866
Employees
40
Year formed
1946
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.

NameTitleHours / weekCompensation
JEFF FOXCOMMODORE
Trustee or director
0$0
LES GILLENVICE COMMODORE
Trustee or director
0$0
JONATHAN BLINDREAR COMMODORE
Trustee or director
0$0
LINDSAY THORTONSecretary
Trustee or director
0$0
KAREN FAVATATreasurer
Trustee or director
0$0
JOHN HOBANPAST COMMODORE
Trustee or director
0$0
990 for the year ended December 31, 2023: 6 people
NameTitleHours / weekCompensation
JOHN HOBANCOMMODORE
Trustee or director
0$0
JEFF FOXVICE COMMODORE
Trustee or director
0$0
JONATHAN BLINDREAR COMMODORE
Trustee or director
0$0
LINDSAY THORTONSecretary
Trustee or director
0$0
ANJA O'HARATreasurer
Trustee or director
0$0
LINDSAY THORTONPAST COMMODORE
Trustee or director
0$0

Address and contacts

Address (IRS master file)
PO BOX 327, OYSTER BAY, NY 11771-0327
Signed the 990
KAREN FAVATA, Treasurer
Phone
(516) 922-0555
Return prepared by
Ives Sultan & Spike CPAs

Mission

YACHT CLUB

990 for the year ended December 31, 2024

Program accomplishments

  • YACHT CLUB

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
11-1836072
Tax-exempt status
501(c)(7): Social or recreational club
Donations deductible
No
Exempt since
1960
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,115,435
Income (IRS master file)
$1,474,866

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$616,436$527,172$1,115,435IRS
990December 2023$552,003$520,132$1,032,227XML
990December 2022$594,719$539,285$1,004,253IRS
990December 2021–––IRS
990December 2020–––IRS
990December 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 11-1836072).

Questions about SAGAMORE YACHT CLUB INC

What is the EIN of SAGAMORE YACHT CLUB INC?
The employer identification number (EIN) of SAGAMORE YACHT CLUB INC is 11-1836072.
Is SAGAMORE YACHT CLUB INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1960.
Are donations to SAGAMORE YACHT CLUB INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does SAGAMORE 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 SAGAMORE 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 SAGAMORE 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 are the officers and directors of SAGAMORE YACHT CLUB INC?
The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
How much revenue does SAGAMORE YACHT CLUB INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $616,436, expenses of $527,172 and total assets of $1,115,435 at year end.

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