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Nonprofit · EIN 15-0596658

WILLOWBANK YACHT CLUB INC

Tax-exempt (reinstated) · CAZENOVIA, NY 13035

Financials

$528K$500K2023$550K$546K2024
Revenue Expenses · by fiscal year end
Financials of WILLOWBANK YACHT CLUB INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$550,117$546,388$3,729$732,529$8,607$723,922
December 31, 2023990$528,330$500,201$28,129$731,562$11,369$720,193
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$278,369
Membership dues
$277,320
Program service revenue
$263,010
Investment income
$7,300
Other revenue
$1,438

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$203,474
Salaries, compensation and benefits (total)
$230,296
Professional fundraising fees
$0
Accounting fees
$2,100
Occupancy
$80,579
Depreciation
$68,393

Balance sheet and other

Total assets, start of year
$731,562
Total assets, end of year
$732,529
Total liabilities, end of year
$8,607
Net assets, end of year
$723,922
Land, buildings and equipment
$556,772
Gross unrelated business income
$53,615
Gross receipts
$550,117
Employees
58
Volunteers
377
Year formed
1949
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.

NameTitleHours / weekCompensation
Steven MaggioBoard member
Trustee or director
1$0
Bill SmithBoard member
Trustee or director
1$0
Judith HightBoard member
Trustee or director
1$0
Carol PughBoard member
Trustee or director
2$0
Sara McDowellBoard member
Trustee or director
1$0
Anya Woods-ONeillBoard member
Trustee or director
1$0
Chris GranthamBoard member
Trustee or director
1$0
Steven DorusBoard member
Trustee or director
1$0
Todd LuchsingerTreasurer
Trustee or director, Officer
2$0
Christina FregaRear Commodore
Trustee or director, Officer
1$0
David BurchVice commodore
Trustee or director, Officer
2$0
Victor PrialCommodore
Trustee or director, Officer
2$0
990 for the year ended December 31, 2023: 12 people
NameTitleHours / weekCompensation
Sara McDowellBoard member
Trustee or director
1$0
Christina FregaBoard member
Trustee or director
1$0
Anya Woods-ONeillBoard member
Trustee or director
1$0
Steven DorusBoard member
Trustee or director
1$0
Chris GranthamBoard member
Trustee or director
1$0
Steven MaggioBoard member
Trustee or director
1$0
Judith HightBoard member
Trustee or director
1$0
Carol PughBoard member
Trustee or director
1$0
Thomas HarigCommodore
Trustee or director, Officer
2$0
Todd LuchsingerTreasurer
Trustee or director, Officer
2$0
David BurchRear commodore
Trustee or director, Officer
2$0
Victor PrialVice commodore
Trustee or director, Officer
2$0

Address and contacts

Address (IRS master file)
27 FORMAN ST, CAZENOVIA, NY 13035-1022
In care of
% TODD LUCHSINGER
Principal officer (990 for 2024)
Victor Prial, 27 Forman Street PO Box 321, Cazenovia, NY 13035
Signed the 990
TODD LUCHSINGER, Treasurer
Phone
(315) 420-1922
Return prepared by
Ryan & Ryan CPAs

Mission

The promotion and elevation of yachting and other aquatic sports and the development and cultivation of social intercourse among its members

990 for the year ended December 31, 2024

Program accomplishments

  • Member services, support, sailing lessons and social activities
    Expenses $443,953 · revenue $424,663
  • Galley is open during the summer months and serves food to members only
    Expenses $53,154 · revenue $34,711
  • The club has the only gas pump on Cazenovia Lake. Internally, the gas is used for safety and mark boats for junior sailing and adult racing programs. Gas sales are open to the public, in addition to member sales.
    Expenses $49,281 · revenue $24,842

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
15-0596658
Tax-exempt status
501(c)(7): Social or recreational club
Foundation status
Private non-operating foundation
Donations deductible
No
Exempt since
2014
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$732,529
Income (IRS master file)
$550,117

Revocation and reinstatement

Exemption revoked
May 15, 2010
Posted by the IRS
June 9, 2011
Reinstated
Effective May 15, 2010

From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$550,117$546,388$732,529XML
990December 2023$528,330$500,201$731,562XML
990December 2022$457,555$436,728$706,303IRS
990December 2021–––IRS
990December 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 15-0596658).

Questions about WILLOWBANK YACHT CLUB INC

What is the EIN of WILLOWBANK YACHT CLUB INC?
The employer identification number (EIN) of WILLOWBANK YACHT CLUB INC is 15-0596658.
Is WILLOWBANK YACHT CLUB INC tax-exempt?
Yes. The IRS revoked its exemption on May 15, 2010 and reinstated it effective May 15, 2010.
Are donations to WILLOWBANK YACHT CLUB INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does WILLOWBANK 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 WILLOWBANK YACHT CLUB 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 WILLOWBANK YACHT CLUB 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 WILLOWBANK YACHT CLUB INC?
The 990 for the year ended December 31, 2024 names Victor Prial.
Who are the officers and directors of WILLOWBANK YACHT CLUB INC?
The 990 for the year ended December 31, 2024 lists 12 people; 0 received compensation from the organization.
How much revenue does WILLOWBANK YACHT CLUB INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $550,117, expenses of $546,388 and total assets of $732,529 at year end.

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