Nonprofit · EIN 14-0561195
CHELSEA YACHT CLUB
Tax-exempt · CHELSEA, NY 12512
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $286,717 | $274,619 | $12,098 | $468,912 | $44,611 | $424,301 |
| December 31, 2024 | 990 | $293,095 | $274,710 | $18,385 | $409,947 | $22,949 | $386,998 |
| December 31, 2023 | 990 | $282,391 | $267,554 | $14,837 | $396,298 | $27,685 | $368,613 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $78,969
- Membership dues
- $78,357
- Program service revenue
- $180,470
- Investment income
- $8,979
- Other revenue
- $18,299
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $39,367
- Salaries, compensation and benefits (total)
- $43,560
- Professional fundraising fees
- $0
- Accounting fees
- $6,650
- Depreciation
- $23,331
- Program services (functional)
- $94,798
- Management and general (functional)
- $179,821
Balance sheet and other
- Total assets, start of year
- $437,410
- Total assets, end of year
- $468,912
- Total liabilities, end of year
- $44,611
- Net assets, end of year
- $424,301
- Land, buildings and equipment
- $208,933
- Net assets without donor restrictions
- $424,301
- Gross unrelated business income
- $12,483
- Gross receipts
- $286,717
- Employees
- 12
- Volunteers
- 163
- Year formed
- 1890
- 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 |
|---|---|---|---|
| BRIAN KOLB | TRUSTEE Trustee or director | – | $0 |
| MARK MAXAM | TRUSTEE Trustee or director | – | $0 |
| MARTIN ROSNER | TRUSTEE Trustee or director | – | $0 |
| MICHAEL BARRA | COMMODORE Officer | – | $0 |
| AMY CLOUTIER | VICE COMMMOD Officer | – | $0 |
| CORINNA DEIGAN | RC ENTERTAIN Officer | – | $0 |
| KATRINA DUFFY | SECRETARY Officer | – | $0 |
| COREY GOWER | RC WATERFRON Officer | – | $0 |
| EVARISTO HIPOLITO | RC HOUSE Officer | – | $0 |
| GABRIEL HORN | RC BOATS AND Officer | – | $0 |
| FRANCIS PETER MCCONNELL | FLEET CAPTAI Officer | – | $0 |
| MARGARET MCNAMARA | TREASURER Officer | – | $0 |
| RALF SEIP | RC MARINA Officer | – | $0 |
| SVEN WILKEHR | RC GROUNDS Officer | – | $0 |
990 for the year ended December 31, 2024: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SVEN WILLKEHR | RC MARINA Officer | 5 | $5,910 | $485 |
| MICHAEL PIKE | VICE COMMODO Officer | 10 | $1,875 | $485 |
| EDWARD GAKLIK | TRUSTEE Trustee or director | 5 | $0 | $485 |
| BRIAN KOLB | TRUSTEE Trustee or director | 5 | $0 | $485 |
| KURT WORELL | TRUSTEE Trustee or director | 5 | $0 | $485 |
| JOHN AMICO | RC HOUSE Officer | 5 | $0 | $485 |
| MICHAEL BARRA | RC WATERFRON Officer | 5 | $0 | $485 |
| AMY CLOUTIER | TREASURER Officer | 10 | $0 | $485 |
| MICHAEL COLUCCI | RC HAULING & Officer | 5 | $0 | $485 |
| CYNTHIA DELAVALLE | RC GROUNDS Officer | 5 | $0 | $485 |
| KATRINA DUFFY | SECRETARY Officer | 5 | $0 | $485 |
| CHRISTINE JAMIN | DIRECTOR SAI Officer | 5 | $0 | $485 |
| MICHAEL KRAUS | RC BOATS AND Officer | 5 | $0 | $485 |
| FRANCIS PETE MCCONNELL | FLEET CAPTAI Officer | 5 | $0 | $485 |
| KYLE MCCONNELL | RC ENTERTAIN Officer | 5 | $0 | $485 |
| MARTIN ROSNER | COMMODORE Officer | 15 | $0 | $485 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SVEN WILLKEHR | RC MARINA Officer | 5 | $4,520 | $485 |
| MICHAEL PIKE | FLEET CAPTAI Officer | 5 | $3,042 | $485 |
| MARK MAXAM | COMMODORE Officer | 15 | $2,288 | $485 |
| MICHAEL COLUCCI | RC HAULING & Officer | 5 | $156 | $485 |
| STEVEN PARKER | TRUSTEE Trustee or director | 5 | $0 | $485 |
| RUSSELL POLO | TRUSTEE Trustee or director | 5 | $0 | $485 |
| KURT WORELL | TRUSTEE Trustee or director | 5 | $0 | $485 |
| JOHN AMICO | RC HOUSE Officer | 5 | $0 | $485 |
| MICHAEL BARRA | RC WATERFRON Officer | 5 | $0 | $485 |
| AMY CLOUTIER | TREASURER Officer | 10 | $0 | $485 |
| CORINNA DEIGAN | RC ENTERTAIN Officer | 5 | $0 | $485 |
| REGINA HOJNACKI | RC GROUNDS Officer | 5 | $0 | $485 |
| ROY NEWMAN | RC BOATS AND Officer | 5 | $0 | $485 |
| MARTIN ROSNER | VICE COMMODO Officer | 10 | $0 | $485 |
| WILLIAM GORDON | DIRECTOR SAI Officer | 5 | $0 | $283 |
| KATRINA DUFFY | SECRETARY Officer | 5 | $0 | $243 |
| WENDY SMART | SECRETARY (F Officer | 5 | $0 | $243 |
Address and contacts
- Address (IRS master file)
- PO BOX 180, CHELSEA, NY 12512-0180
- Principal officer (990 for 2025)
- MICHAEL BARRA, PO BOX 180, CHELSEA, NY 12512
- Signed the 990
- MARGARET MCNAMARA, TREASURER
- Phone
- (845) 831-7245
- Website
- WWW.CHELSEAYACHT.ORG
- Return prepared by
- THEODORE J EGLIT JR CPA
Mission
TO ATTRACT AND BRING TOGETHER A DEDICATED GROUP OF SAILING MEMBERS, AS WELL AS, ENCOURAGE, AND AND SUPPORT YOUTH AND ADULT SAILING PROGRAMS.
Program accomplishments
- JR AND ADULT SAILING PROGRAMS TO ENCOURAGE INTEREST AND BUILD SKILLS IN SAILING.
- LAUNCH, MOORING, HAULING AND STORAGE SERVICES FOR MEMBERS TO PROMOTE BOATING FOR ATHLETIC AND SOCIAL BENEFITS.
- CHELSEA OPEN REGATTA, RACES, AND SOCIAL EVENTS - TO PROMOTE THE SPORT OF RACING AND FOSTER THE SOCIAL BENEFITS OF A SAILING COMMUNITY.
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
- 14-0561195
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1941
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $468,912
- Income (IRS master file)
- $286,717
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $286,717 | $274,619 | $468,912 | XML |
| 990 | December 2024 | $293,095 | $274,710 | $409,947 | XML |
| 990 | December 2023 | $282,391 | $267,554 | $396,298 | XML |
| 990 | December 2022 | $295,584 | $266,128 | $381,831 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 14-0561195).
Questions about CHELSEA YACHT CLUB
- What is the EIN of CHELSEA YACHT CLUB?
- The employer identification number (EIN) of CHELSEA YACHT CLUB is 14-0561195.
- Is CHELSEA YACHT CLUB tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1941.
- Are donations to CHELSEA YACHT CLUB tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CHELSEA YACHT CLUB 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 CHELSEA YACHT CLUB 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 CHELSEA YACHT CLUB 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 CHELSEA YACHT CLUB?
- The 990 for the year ended December 31, 2025 names MICHAEL BARRA.
- Who are the officers and directors of CHELSEA YACHT CLUB?
- The 990 for the year ended December 31, 2025 lists 14 people; 0 received compensation from the organization.
- How much revenue does CHELSEA YACHT CLUB have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $286,717, expenses of $274,619 and total assets of $468,912 at year end.
Other nonprofits in CHELSEA
- HOWLAND CHAMBER MUSIC CIRCLE INC EIN 14-1812997 · last filed 990 for 2025
- NEW YORK STATE OUTDOOR EDUCATION ASSOCIATION INC EIN 23-7375812 · last filed 990-EZ for 2024
- CHELSEA FIRE COMPANY EIN 84-4350083 · last filed 990-N for 2025