Nonprofit · EIN 11-3055079
BREAKWATER SAILING CENTER INC
Also known as BREAKWATER YACHT CLUB INC
Tax-exempt · SAG HARBOR, NY 11963
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $686,188 | $723,365 | -$37,177 | $462,005 | $53,443 | $408,562 |
| December 31, 2023 | 990 | $570,766 | $600,809 | -$30,043 | $470,412 | $24,673 | $445,739 |
| December 31, 2022 | 990 | $516,977 | $512,708 | $4,269 | $513,204 | $40,567 | $472,637 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $199,163
- Membership dues
- $104,004
- Program service revenue
- $402,065
- Investment income
- -$22,081
- Net gain from sales of assets
- -$22,086
- Net income from fundraising events
- $15,947
- Other revenue
- $107,041
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $333,895
- Salaries, compensation and benefits (total)
- $362,436
- Professional fundraising fees
- $0
- Accounting fees
- $15,500
- Occupancy
- $16,934
- Depreciation
- $34,774
- Program services (functional)
- $391,289
- Management and general (functional)
- $279,918
- Fundraising (functional)
- $52,158
Balance sheet and other
- Total assets, start of year
- $470,412
- Total assets, end of year
- $462,005
- Total liabilities, end of year
- $53,443
- Net assets, end of year
- $408,562
- Land, buildings and equipment
- $427,541
- Net assets without donor restrictions
- $408,562
- Gross receipts
- $721,024
- Employees
- 46
- Year formed
- 1988
- 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 |
|---|---|---|---|
| NICHOLAS GAZZOLO | COMMODORE Trustee or director, Officer | 10 | $0 |
| CORDELIA BOISE | TREASURER Trustee or director, Officer | 10 | $0 |
| JIM VOS | VICE COMMODO Trustee or director, Officer | 5 | $0 |
| SARA NIGHTINGALE | SECRETARY Trustee or director, Officer | 5 | $0 |
| WILLIAM ROGERS | DIRECTOR Trustee or director | 5 | $0 |
| SARAH ALFORD | DIRECTOR Trustee or director | 5 | $0 |
| JOAN BUTLER | DIRECTOR Trustee or director | 5 | $0 |
| DAVID BERRIDGE | DIRECTOR Trustee or director | 5 | $0 |
| LUKE M BABCOCK | DIRECTOR Trustee or director | 1 | $0 |
| TIM CULVER | DIRECTOR Trustee or director | 1 | $0 |
| SINEAD FITZGIBBON | DIRECTOR Trustee or director | 1 | $0 |
| CJ GLEASON | DIRECTOR Trustee or director | 1 | $0 |
| STEVE CLARKE | DIRECTOR Trustee or director | 1 | $0 |
| FERNANDO GONZALEZ | DIRECTOR Trustee or director | 1 | $0 |
| KYLE MC ARDLE | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NICK GAZZOLA | COMMODORE Trustee or director, Officer | 10 | $0 |
| JIM VOS | VICE COMMODO Trustee or director, Officer | 10 | $0 |
| STEVE CLARKE | TREASURER Trustee or director, Officer | 10 | $0 |
| SARA NIGHTINGALE | SECRETARY Trustee or director, Officer | 10 | $0 |
| FERNANDO GONZALEZ | DIRECTOR Trustee or director | 5 | $0 |
| KATHY ZAPPOLA | DIRECTOR Trustee or director | 5 | $0 |
| KYLE MCARDLE | DIRECTOR Trustee or director | 5 | $0 |
| LUKE BABCOCK | DIRECTOR Trustee or director | 5 | $0 |
| SARAH ALFORD | DIRECTOR Trustee or director | 5 | $0 |
| WILLIAM ROGERS | DIRECTOR Trustee or director | 5 | $0 |
| JOAN BUTLER | DIRECTOR Trustee or director | 5 | $0 |
| DAVID BERRIDGE | DIRECTOR Trustee or director | 5 | $0 |
| CORDELIA BOISE | DIRECTOR Trustee or director | 5 | $0 |
| SINEAD FITZGIBBON | DIRECTOR Trustee or director | 5 | $0 |
| TIM CULVER | DIRECTOR Trustee or director | 5 | $0 |
| CAM GLEASON | DIRECTOR Trustee or director | 5 | $0 |
990 for the year ended December 31, 2022: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SARAH ALFORD | DIRECTOR Trustee or director | 2 | $0 |
| LUKE BABCOCK | DIRECTOR Trustee or director | 2 | $0 |
| DAVID BERRIDGE | DIRECTOR Trustee or director | 2 | $0 |
| CORDELIA BOISE | DIRECTOR Trustee or director | 2 | $0 |
| JOAN BUTLER | DIRECTOR Trustee or director | 2 | $0 |
| STEVE CLARKE | TREASURER Trustee or director, Officer | 5 | $0 |
| TIM CULVER | DIRECTOR Trustee or director | 2 | $0 |
| SINEAD FITZGIBBON | DIRECTOR Trustee or director | 2 | $0 |
| NICK GAZZOLA | COMMODORE Trustee or director, Officer | 5 | $0 |
| CAM GLEASON | DIRECTOR Trustee or director | 2 | $0 |
| FERNANDO GONZALEZ | DIRECTOR Trustee or director | 2 | $0 |
| KYLE MCARDLE | DIRECTOR Trustee or director | 2 | $0 |
| SARA NIGHTINGALE | SECRETARY Trustee or director, Officer | 5 | $0 |
| WILLIAM ROGERS | DIRECTOR Trustee or director | 2 | $0 |
| JIM VOS | VICE COMMODO Trustee or director, Officer | 5 | $0 |
| KATHY ZAPPOLA | DIRECTOR Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 2601, SAG HARBOR, NY 11963-0118
- Principal officer (990 for 2024)
- NICHOLAS GAZZOLO, 15 SUNSET RD, SAG HARBOR, NY 11963
- Signed the 990
- NICHOLAS GAZZOLO, COMMODORE
- Phone
- (631) 725-4604
- Website
- WWW.BREAKWATERYC.ORG
- Return prepared by
- JONES LITTLE & CO CPA'S LLP
Mission
OUR MISSION IS TO PROMOTE THE SPORT OF SAILING AND SAILBOAT RACING FOR ALL MEMBERS OF THE COMMUNITY. WE STRIVE TO ENSURE THAT SAILORS LEARN, CRUISE, AND COMPETE IN A SAFE, FUN ENVIRONMENT AND MAINTAIN HIGH STANDARDS OF SPORTSMANSHIP. LESSONS ARE PROVIDED FOR YOUTH AND ADULTS WITH A SPECIAL FOCUS ON WOMEN BEING INTRODUCED TO SAILING.
Program accomplishments
- TO ENCOURAGE SAILING WITHIN THE COMMUNITY, WE PROVIDE SAILING INSTRUCTION TO PEOPLE OF ALL AGES. WE ALSO SPONSOR AND RUN RACING PROGRAMS AND SPECIAL EVENTS TO ENCOURAGE AND PROMOTE SAILING ACROSS THE EASTERN END OF LONG ISLAND.Expenses $391,289 · revenue $402,065
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
- 11-3055079
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1993
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $462,005
- Income (IRS master file)
- $721,024
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $686,188 | $723,365 | $462,005 | IRS |
| 990 | December 2023 | $570,766 | $600,809 | $470,412 | XML |
| 990 | December 2022 | $516,977 | $512,708 | $513,204 | XML |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 11-3055079).
Questions about BREAKWATER SAILING CENTER INC
- What is the EIN of BREAKWATER SAILING CENTER INC?
- The employer identification number (EIN) of BREAKWATER SAILING CENTER INC is 11-3055079.
- Is BREAKWATER SAILING CENTER INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
- Are donations to BREAKWATER SAILING CENTER INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BREAKWATER SAILING CENTER 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 BREAKWATER SAILING CENTER 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 BREAKWATER SAILING CENTER 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 BREAKWATER SAILING CENTER INC?
- The 990 for the year ended December 31, 2024 names NICHOLAS GAZZOLO.
- Who are the officers and directors of BREAKWATER SAILING CENTER INC?
- The 990 for the year ended December 31, 2024 lists 15 people; 0 received compensation from the organization.
- How much revenue does BREAKWATER SAILING CENTER INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $686,188, expenses of $723,365 and total assets of $462,005 at year end.
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