Nonprofit · EIN 20-1335937
MOREHEAD CITY YACHT BASIN ASSOCIATION
Tax-exempt · MOREHEAD CITY, NC 28557
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $258,163 | $224,712 | $33,451 | $562,220 | $254,445 | $307,775 |
| June 30, 2024 | 990 | $241,922 | $217,317 | $24,605 | $508,273 | $233,949 | $274,324 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $248,921
- Investment income
- $9,242
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $1,967
- Occupancy
- $41,497
- Depreciation
- $2,324
Balance sheet and other
- Total assets, start of year
- $508,273
- Total assets, end of year
- $562,220
- Total liabilities, end of year
- $254,445
- Net assets, end of year
- $307,775
- Land, buildings and equipment
- $44,147
- Gross receipts
- $258,163
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2006
- State of legal domicile
- NC
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Thomas E Matthews Jr | Director Trustee or director | 1 | $0 |
| Cheryl Sherwood | Sec/Treasurer Trustee or director, Officer | 1 | $0 |
| Ken Snow | Director Trustee or director | 1 | $0 |
| Joe Smith | Director Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Thomas E Matthews Jr | Director Trustee or director | 1 | $0 |
| Cheryl Sherwood | Sec/Treasurer Trustee or director, Officer | 1 | $0 |
| Ken Snow | Director Trustee or director | 1 | $0 |
| Joe Smith | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 208 ARENDELL ST, MOREHEAD CITY, NC 28557-4229
- In care of
- % NEAL R LITTMAN
- Principal officer (990 for 2024)
- Thomas E Matthews Jr, 208 Arendell Street, Morehead City, NC 28557
- Signed the 990
- Thomas E Matthews Jr, Director
- Phone
- (252) 726-6862
- Return prepared by
- PBMares LLP
Mission
To provide its members with boat storage, club house facilities, recreation activities, and assist them with embarking and disembarking their boats to and from the water.
Program accomplishments
- To provide its members with boat storage, club house facilities, recreation activities, and assist them with embarking and disembarking their boats to and from the water.
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 20-1335937
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 2016
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N50)
- Assets (IRS master file)
- $562,220
- Income (IRS master file)
- $258,163
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $258,163 | $224,712 | $562,220 | XML |
| 990 | June 2024 | $241,922 | $217,317 | $508,273 | XML |
| 990 | June 2023 | $217,983 | $212,911 | $483,886 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 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 20-1335937).
Questions about MOREHEAD CITY YACHT BASIN ASSOCIATION
- What is the EIN of MOREHEAD CITY YACHT BASIN ASSOCIATION?
- The employer identification number (EIN) of MOREHEAD CITY YACHT BASIN ASSOCIATION is 20-1335937.
- Is MOREHEAD CITY YACHT BASIN ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 2016.
- Are donations to MOREHEAD CITY YACHT BASIN ASSOCIATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MOREHEAD CITY YACHT BASIN ASSOCIATION 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 MOREHEAD CITY YACHT BASIN ASSOCIATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MOREHEAD CITY YACHT BASIN ASSOCIATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of MOREHEAD CITY YACHT BASIN ASSOCIATION?
- The 990 for the year ended June 30, 2025 names Thomas E Matthews Jr.
- Who are the officers and directors of MOREHEAD CITY YACHT BASIN ASSOCIATION?
- The 990 for the year ended June 30, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does MOREHEAD CITY YACHT BASIN ASSOCIATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $258,163, expenses of $224,712 and total assets of $562,220 at year end.
Other nonprofits in MOREHEAD CITY
- CROWS NEST YACHT CLUB INC EIN 56-2089755 · last filed 990 for 2024
- DOCKSIDE YACHT CLUB INC EIN 80-0018663 · last filed 990 for 2025
- SEASHORE SOCCER LEAGUE INC EIN 56-1809946 · last filed 990-EZ for 2025
- MHC MAKOS BASEBALL EIN 85-3234316 · last filed 990-EZ for 2024
- WAKE FOREST ROLESVILLE SOCCER ASSOCIATION INC EIN 56-2152625 · last filed 990-N for 2025
- ATLANTIC BEACH SHAG CLUB INC EIN 65-1290153 · last filed 990-N for 2022
- STARDUST-STARTUP FACTORY EIN 47-5320711 · last filed 990-N for 2024
- CRYSTAL COAST TOURNAMENT INC EIN 56-1330701 · last filed 990 for 2025
All nonprofits in MOREHEAD CITY · North Carolina · Recreation and sports