Nonprofit · EIN 13-1718154
LOCUST POINT YACHT CLUB INC
Tax-exempt (reinstated) · BRONX, NY 10465
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $314,091 | $293,785 | $20,306 | $1,139,262 | $144,771 | $994,491 |
| December 31, 2024 | 990 | $299,422 | $304,386 | -$4,964 | $982,976 | $8,791 | $974,185 |
| December 31, 2023 | 990 | $316,290 | $267,390 | $48,900 | $980,948 | $1,799 | $979,149 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $240,119
- Membership dues
- $240,119
- Program service revenue
- $31,753
- Investment income
- $38
- Net income from sales of inventory
- $42,181
- Other revenue
- $42,181
Expenses
- Grants and similar amounts paid
- $250
- Other salaries and wages
- $1,800
- Salaries, compensation and benefits (total)
- $2,021
- Professional fundraising fees
- $0
- Legal fees
- $2,460
- Accounting fees
- $4,500
- Depreciation
- $10,288
- Program services (functional)
- $293,785
Balance sheet and other
- Total assets, start of year
- $982,976
- Total assets, end of year
- $1,139,262
- Total liabilities, end of year
- $144,771
- Net assets, end of year
- $994,491
- Land, buildings and equipment
- $863,532
- Gross receipts
- $387,377
- Employees
- 1
- Volunteers
- 0
- Year formed
- 1933
- 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 |
|---|---|---|---|
| JOHN GORGOLIONE | BOARD CHAIRMAN Officer | 5 | $0 |
| MATTHEW O'BRIEN | FINANCIAL SECRETARY Officer | 5 | $0 |
| JOSEPH M PELOSO | TREASURER Officer | 5 | $0 |
| BILLY D'AVELLA | RECORDING SECRETARY Officer | 5 | $0 |
990 for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN GORGOLIONE | BOARD CHAIRMAN Officer | 5 | $0 |
| MATHEW O'BRIEN | FINANCIAL SECRETARY Officer | 5 | $0 |
| JOSEPH M PELOSO | TREASURER Officer | 5 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN GORGOLIONE | BOARD CHAIRMAN Officer | 5 | $0 |
| MATHEW O'BRIEN | FINANCIAL SECRETARY Officer | 5 | $0 |
| JOSEPH M PELOSO | TREASURER Officer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 21 LONGSTREET AVE, BRONX, NY 10465-4040
- Principal officer (990 for 2025)
- JOHN POWERS, 21 LONGSTREET AVENUE, BRONX, NY 10465
- Signed the 990
- JOHN POWERS, PRESIDENT
- Phone
- (718) 822-9806
- Return prepared by
- DIMAGGIO & ROCCAMO CPAS LLP
Mission
SOCIAL ORGANIZATION FOR THE PROMOTION, SUPPORT AND GROWTH OF YACHTING ACTIVITIES FOR ITS MEMBERS, INCLUDING TRAINING AND INSTRUCTION IN PILOTING, MAINTENANCE AND SAFETY.
Program accomplishments
- CLUB ACTIVITIES FOR THE PROMOTION, SUPPORT AND GROWTH OF YACHTING ACTIVITIES FOR ITS MEMBERS, INCLUDING TRAINING AND INSTRUCTION IN PILOTING, MAINTENANCE AND SAFETY.Expenses $293,785
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
- 13-1718154
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N50)
- Assets (IRS master file)
- $1,139,262
- Income (IRS master file)
- $387,377
Revocation and reinstatement
- Exemption revoked
- May 15, 2011
- Posted by the IRS
- February 22, 2012
- Reinstated
- Effective May 15, 2011
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 2025 | $314,091 | $293,785 | $1,139,262 | XML |
| 990 | December 2024 | $299,422 | $304,386 | $982,976 | XML |
| 990 | December 2023 | $316,290 | $267,390 | $980,948 | XML |
| 990 | December 2022 | $337,112 | $318,860 | $932,574 | 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 13-1718154).
Questions about LOCUST POINT YACHT CLUB INC
- What is the EIN of LOCUST POINT YACHT CLUB INC?
- The employer identification number (EIN) of LOCUST POINT YACHT CLUB INC is 13-1718154.
- Is LOCUST POINT YACHT CLUB INC tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2011 and reinstated it effective May 15, 2011.
- Are donations to LOCUST POINT YACHT CLUB INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does LOCUST POINT 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 LOCUST POINT 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 LOCUST POINT 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 LOCUST POINT YACHT CLUB INC?
- The 990 for the year ended December 31, 2025 names JOHN POWERS.
- Who are the officers and directors of LOCUST POINT YACHT CLUB INC?
- The 990 for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does LOCUST POINT YACHT CLUB INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $314,091, expenses of $293,785 and total assets of $1,139,262 at year end.
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