Nonprofit · EIN 11-1860416
SALTAIRE YACHT CLUB INC
Tax-exempt · FRANKLIN SQ, NY 11010
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,022,780 | $1,017,854 | $4,926 | $2,398,414 | $1,550,859 | $847,555 |
| December 31, 2024 | 990 | $1,023,075 | $1,015,607 | $7,468 | $2,455,795 | $1,613,166 | $842,629 |
| December 31, 2023 | 990 | $974,500 | $936,195 | $38,305 | $2,507,726 | $1,672,565 | $835,161 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,019,924
- Investment income
- $2,856
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $307,640
- Salaries, compensation and benefits (total)
- $348,533
- Professional fundraising fees
- $0
- Accounting fees
- $5,400
- Occupancy
- $61,478
- Depreciation
- $96,680
Balance sheet and other
- Total assets, start of year
- $2,455,795
- Total assets, end of year
- $2,398,414
- Total liabilities, end of year
- $1,550,859
- Net assets, end of year
- $847,555
- Land, buildings and equipment
- $2,092,640
- Net assets without donor restrictions
- $847,555
- Gross receipts
- $1,022,780
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1914
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MEAGHAN CHEUNG | COMMODORE Trustee or director, Officer | 10 | $0 |
| LENNY BENDER | VICE COMMODORE Trustee or director, Officer | 4 | $0 |
| CHERYL VALENTE | REAR COMMODORE Trustee or director, Officer | 10 | $0 |
| PATRICK MCELHONE | TREASURER Trustee or director, Officer | 6 | $0 |
| PAIGE RUDZIN | SECRETARY Trustee or director, Officer | 1 | $0 |
| CAROLE SIROVICH | TENNIS CAPTAIN Trustee or director | 4 | $0 |
| GEOFFREY MELUSO | FLEET CAPTAIN Trustee or director | 4 | $0 |
| PIA CARROLL | GOVERNOR Trustee or director | 1 | $0 |
| NICOLE DILLER | GOVERNOR Trustee or director | 1 | $0 |
| LISA ACINAPURA | GOVERNOR Trustee or director | 3 | $0 |
| JUAN PABLO PALLORDET | GOVERNOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MEAGHAN CHEUNG | COMMODORE Trustee or director, Officer | 10 | $0 |
| LENNY BENDER | VICE COMMODORE Trustee or director, Officer | 4 | $0 |
| CHERYL VALENTE | REAR COMMODORE Trustee or director, Officer | 10 | $0 |
| PATRICK MCELHONE | TREASURER Trustee or director, Officer | 6 | $0 |
| PAIGE RUDZIN | SECRETARY Trustee or director, Officer | 1 | $0 |
| CAROLE SIROVICH | TENNIS CAPTAIN Trustee or director | 4 | $0 |
| GEOFFREY MELUSO | FLEET CAPTAIN Trustee or director | 4 | $0 |
| PIA CARROLL | GOVERNOR Trustee or director | 1 | $0 |
| NICOLE DILLER | GOVERNOR Trustee or director | 1 | $0 |
| LISA ACINAPURA | GOVERNOR Trustee or director | 3 | $0 |
| JUAN PABLO PALLORDET | GOVERNOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MEAGHAN CHEUNG | COMMODORE Trustee or director, Officer | 10 | $0 |
| LENNY BENDER | VICE COMMODORE Trustee or director, Officer | 2 | $0 |
| CHERYL VALENTE | REAR COMMODORE Trustee or director, Officer | 10 | $0 |
| PATRICK MCELHONE | TREASURER Trustee or director, Officer | 5 | $0 |
| PAIGE RUDZIN | SECRETARY Trustee or director, Officer | 1 | $0 |
| CAROLE SIROVICH | TENNIS CAPTAIN Trustee or director | 4 | $0 |
| GEOFFREY MELUSO | FLEET CAPTAIN Trustee or director | 4 | $0 |
| PIA CARROLL | GOVERNOR Trustee or director | 1 | $0 |
| NICOLE DILLER | GOVERNOR Trustee or director | 1 | $0 |
| LISA ACINAPURA | GOVERNOR Trustee or director | 2 | $0 |
| JUAN PABLO PALLORDET | GOVERNOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 130 NEW HYDE PARK RD, FRANKLIN SQ, NY 11010-2909
- In care of
- % PATRICK MCELHONE
- Principal officer (990 for 2025)
- PATRICK MCELHONE, PO BOX 267 130 NEW HYDE PARK ROAD, FRANKLIN SQUARE, NY 11010
- Signed the 990
- PATRICK MCELHONE, TREASURER
- Phone
- (631) 583-5117
- Website
- WWW.SALTAIREYC.ORG
- Return prepared by
- LEVINE & ASSOCIATES LLC
Mission
ENCOURAGE SPORTS OF YATCHING AND BOATING, PROMOTE SEAMANSHIP AND NAVIGATION, PROVIDE AND MAINTAIN CLUBHOUSE AND ANCHORAGE FOR USE OF MEMBERS.
Program accomplishments
- SALTAIRE YACHT CLUB IS A SOCIAL CLUB ADMINISTERED BY THE MEMBERS AND IS SUPPORTED BY MEMBERSHIP DUES AND RECREATIONAL ACTIVITIES, SPECIAL ASSESSMENTS, RESTAURANT.
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
- 11-1860416
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1984
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N67Z)
- Assets (IRS master file)
- $2,398,414
- Income (IRS master file)
- $1,022,780
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,022,780 | $1,017,854 | $2,398,414 | IRS |
| 990 | December 2024 | $1,023,075 | $1,015,607 | $2,455,795 | XML |
| 990 | December 2023 | $974,500 | $936,195 | $2,507,726 | XML |
| 990 | December 2022 | $0 | $0 | $0 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 11-1860416).
Questions about SALTAIRE YACHT CLUB INC
- What is the EIN of SALTAIRE YACHT CLUB INC?
- The employer identification number (EIN) of SALTAIRE YACHT CLUB INC is 11-1860416.
- Is SALTAIRE YACHT CLUB INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1984.
- Are donations to SALTAIRE YACHT CLUB INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does SALTAIRE 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 SALTAIRE 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 SALTAIRE 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 SALTAIRE YACHT CLUB INC?
- The 990 for the year ended December 31, 2025 names PATRICK MCELHONE.
- Who are the officers and directors of SALTAIRE YACHT CLUB INC?
- The 990 for the year ended December 31, 2025 lists 11 people; 0 received compensation from the organization.
- How much revenue does SALTAIRE YACHT CLUB INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,022,780, expenses of $1,017,854 and total assets of $2,398,414 at year end.
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