Nonprofit · EIN 15-0349097
ITHACA YACHT CLUB INC
Tax-exempt · ITHACA, NY 14850
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $504,741 | $535,683 | -$30,942 | $2,032,918 | $975,410 | $1,057,508 |
| December 31, 2024 | 990 | $567,937 | $577,088 | -$9,151 | $1,760,649 | $672,196 | $1,088,453 |
| December 31, 2023 | 990 | $610,554 | $544,832 | $65,722 | $1,801,144 | $703,541 | $1,097,603 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $312,389
- Membership dues
- $310,934
- Program service revenue
- $184,581
- Investment income
- $7,164
- Net income from sales of inventory
- $466
- Other revenue
- $607
Expenses
- Grants and similar amounts paid
- $1,000
- Other salaries and wages
- $64,112
- Salaries, compensation and benefits (total)
- $67,858
- Professional fundraising fees
- $0
- Legal fees
- $2,553
- Accounting fees
- $86,159
- Depreciation
- $117,080
- Program services (functional)
- $284,161
- Management and general (functional)
- $251,522
Balance sheet and other
- Total assets, start of year
- $1,760,649
- Total assets, end of year
- $2,032,918
- Total liabilities, end of year
- $975,410
- Net assets, end of year
- $1,057,508
- Land, buildings and equipment
- $1,134,370
- Net assets without donor restrictions
- $1,057,508
- Gross unrelated business income
- $42,934
- Gross receipts
- $505,467
- Employees
- 15
- Volunteers
- 30
- Year formed
- 1907
- 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 |
|---|---|---|---|
| LIZ SINGH | COMMODORE Trustee or director, Officer | 1 | $0 |
| NEIL KLOHMANN | VICE COMMODORE Trustee or director, Officer | 1 | $0 |
| BOBBI SMITH | DIRECTOR Trustee or director | 1 | $0 |
| BRAD BUELL | DIRECTOR Trustee or director | 1 | $0 |
| GEORGE BREUHAUS | DIRECTOR Trustee or director | 1 | $0 |
| ERIN CONNERS | DIRECTOR Trustee or director | 1 | $0 |
| DAVID FILIBERTO | DIRECTOR Trustee or director | 1 | $0 |
| BETH BREUHAUS | REAR-COMMODORE Trustee or director, Officer | 1 | $0 |
| WILLIAM ARMS | TREASURER Trustee or director, Officer | 1 | $0 |
| KATIE ROLLER | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL RYZEWIC | DIRECTOR Trustee or director | 1 | $0 |
| JAMES EDDLESTONE | DIRECTOR Trustee or director | 1 | $0 |
| CONSTA LAMBROU | DIRECTOR Trustee or director | 1 | $0 |
| SCOTT WEISSMANN | SECRETARY Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2024: 17 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TOM THURBER | COMMODORE Trustee or director, Officer | 1 | $0 |
| LIZ SINGH | VICE COMMODORE Trustee or director, Officer | 1 | $0 |
| JUDY SINGER | DIRECTOR Trustee or director | 1 | $0 |
| BOBBI SMITH | DIRECTOR Trustee or director | 1 | $0 |
| BRAD BUELL | DIRECTOR Trustee or director | 1 | $0 |
| GEORGE BREUHAUS | DIRECTOR Trustee or director | 1 | $0 |
| ERIN CONNORS | DIRECTOR Trustee or director | 1 | $0 |
| DAVID FILIBERTO | DIRECTOR Trustee or director | 1 | $0 |
| JOHN FORD | DIRECTOR Trustee or director | 1 | $0 |
| BETH BREUHAUS | DIRECTOR Trustee or director | 1 | $0 |
| NEIL KLOHMANN | REAR-COMMODORE Trustee or director, Officer | 1 | $0 |
| WILLIAM ARMS | TREASURER Trustee or director, Officer | 1 | $0 |
| KATIE PEACOCK | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL RYZEWIC | DIRECTOR Trustee or director | 1 | $0 |
| BECKY MILLER | DIRECTOR Trustee or director | 1 | $0 |
| CONSTA LAMBROU | PAST COMMODORE Trustee or director | 1 | $0 |
| SCOTT WEISMANN | TREASURER Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| COSTA LAMBROU | COMMODORE Trustee or director, Officer | 1 | $0 |
| TOM THURBER | VICE COMMODORE Trustee or director, Officer | 1 | $0 |
| JUDY SINGER | TREASURER Trustee or director, Officer | 1 | $0 |
| BOBBI SMITH | SECRETARY Trustee or director, Officer | 1 | $0 |
| SAM SCHEUPBACH | DIRECTOR Trustee or director | 1 | $0 |
| GEORGE BREUHAUS | DIRECTOR Trustee or director | 1 | $0 |
| GWEN BULLOCK | DIRECTOR Trustee or director | 1 | $0 |
| WILLIAM GAGE | DIRECTOR Trustee or director | 1 | $0 |
| DAVID FILIBERTO | DIRECTOR Trustee or director | 1 | $0 |
| BETH BREUHAUS | DIRECTOR Trustee or director | 1 | $0 |
| LIZ CLARK | REAR-COMMODORE Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- CO SW 410 EAST UPLAND ROAD, ITHACA, NY 14850-0000
- In care of
- % SW
- Principal officer (990 for 2025)
- WILLIAM ARMS, C/O SW 410 EAST UPLAND ROAD, ITHACA, NY 14850
- Signed the 990
- WILLIAM ARMS, TREASURER
- Phone
- (607) 272-5550
- Website
- WWW.ITHACAYC.ORG
- Return prepared by
- BOWERS ADVISORS LLC
Mission
SEE BELOW
Program accomplishments
- TO PROVIDE ACCESS TO CAYUGA LAKE FOR INDIVIDUALS AND FAMILIES FOR RELATED RECREATIONAL, EDUCATIONAL AND SOCIAL ACTIVITIES, PROMOTING FRIENDSHIP AND CAMARADERIE IN THE PROCESS.Expenses $284,161 · revenue $149,418
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
- 15-0349097
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1966
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N67Z)
- Assets (IRS master file)
- $2,032,918
- Income (IRS master file)
- $505,467
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $504,741 | $535,683 | $2,032,918 | XML |
| 990 | December 2024 | $567,937 | $577,088 | $1,760,649 | XML |
| 990 | December 2023 | $610,554 | $544,832 | $1,801,144 | XML |
| 990 | December 2022 | $575,544 | $550,283 | $2,163,755 | 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 15-0349097).
Questions about ITHACA YACHT CLUB INC
- What is the EIN of ITHACA YACHT CLUB INC?
- The employer identification number (EIN) of ITHACA YACHT CLUB INC is 15-0349097.
- Is ITHACA YACHT CLUB INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1966.
- Are donations to ITHACA YACHT CLUB INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ITHACA 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 ITHACA 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 ITHACA 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 ITHACA YACHT CLUB INC?
- The 990 for the year ended December 31, 2025 names WILLIAM ARMS.
- Who are the officers and directors of ITHACA YACHT CLUB INC?
- The 990 for the year ended December 31, 2025 lists 14 people; 0 received compensation from the organization.
- How much revenue does ITHACA YACHT CLUB INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $504,741, expenses of $535,683 and total assets of $2,032,918 at year end.
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