Skip to main content
IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 21-0625526

TOMS RIVER YACHT CLUB

Tax-exempt · TOMS RIVER, NJ 08753

Financials

$1.2M$1.2M2023$1.3M$1.4M2024
Revenue Expenses · by fiscal year end
Financials of TOMS RIVER YACHT CLUB by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,291,516$1,425,423-$133,907$2,648,230$552,702$2,095,528
December 31, 2023990$1,209,692$1,249,500-$39,808$3,190,299$477,350$2,712,949
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$666,226
Membership dues
$655,466
Program service revenue
$392,707
Investment income
$55,162
Net rental income
$178,859
Net gain from sales of assets
$24,737
Net income from sales of inventory
-$15,273
Other revenue
$177,421

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$0
Other salaries and wages
$449,452
Salaries, compensation and benefits (total)
$449,452
Professional fundraising fees
$0
Depreciation
$152,309
Program services (functional)
$1,417,005
Management and general (functional)
$1,126

Balance sheet and other

Total assets, start of year
$3,190,299
Total assets, end of year
$2,648,230
Total liabilities, end of year
$552,702
Net assets, end of year
$2,095,528
Land, buildings and equipment
$1,477,302
Publicly traded securities
$908,804
Net assets without donor restrictions
$2,095,528
Gross unrelated business income
$30,425
Gross receipts
$1,471,027
Employees
55
Volunteers
100
Year formed
1871
State of legal domicile
NJ

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
AJ BaileyBoard of Govnrs
Trustee or director
5$0
Brian GabrielBoard of Govrns
Trustee or director
5$0
John HerrickBoard of Govnrs
Trustee or director
5$0
George BurgerBoard of Govrnr
Trustee or director
5$0
Steve GlawsonBoard of Govnrs
Trustee or director
5$0
Mandie RhodesCommodore
Officer
10$0
Bob BaxterVice Commodore
Officer
10$0
Mike PaccioneRear Commodore
Officer
10$0
Kevin HartFleet Captain
Officer
10$0
Sheila TorpeySecretary
Officer
10$0
Matthew WardTreasurer
Officer
20$0
Steven FarleyManager40$0
990 for the year ended December 31, 2023: 12 people
NameTitleHours / weekCompensation
Steven FarleyManager40$78,683
William WarnerTreasurer
Officer
20$7,500
Sheila TorpeySecretary
Officer
10$2,500
AJ BaileyBoard of Govnrs
Trustee or director
5$0
Brian GabrielBoard of Govrns
Trustee or director
5$0
John HerrickBoard of Govnrs
Trustee or director
5$0
George BurgerBoard of Govrnr
Trustee or director
5$0
Steve GlawsonBoard of Govnrs
Trustee or director
5$0
Mandie RhodesCommodore
Officer
10$0
Bob BaxterVice Commodore
Officer
10$0
Mike PaccioneRear Commodore
Officer
10$0
Kevin HartFleet Captain
Officer
10$0

Address and contacts

Address (IRS master file)
1464 RIVIERA AVE, TOMS RIVER, NJ 08753-6974
Principal officer (990 for 2024)
George Burger, 1464 Riviera, Toms River, NJ 08753
Signed the 990
Matthew Ward, Treasurer
Phone
(732) 929-0888
Website
TRYC.com
Return prepared by
Koerner & Koerner PA

Mission

To provide recreation facilities for adults & junior sailing and dining facilities for use by members.

990 for the year ended December 31, 2024

Program accomplishments

  • Toms River Yacht Club was formed in 1871 to support sailboat racing. The Club conducts races throughout the year for many different classes of sailboats. The club also permits Ocean County College and Kean College and several High Schools in the area to use the facility and grounds for their teams 7 months out of the year. The Club also conducts an 8 week Junior Sailing Program each year for members and guests. The Club hosts regattas and events for several non-profit organizations, such as US Sailing, Ocean County College, Kean College and BBYRA junior sailing & senior sailing programs.
  • The Club has dining facilities for its members. The facility is available for parties for members and guests. Several dinners will be held in conjuction with regattas. The Club makes its facilities available (on a non-fee basis) for meetings to many non-profit groups, such as the BBYRA, NJ State Boating Commission, Island Heights Sailing Foundation and other yacht clubs in the area.
  • Toms River Yacht Club holds a Club liquor license. The Club sells beverages to its members and guests. Sales are made at social events and after sailing regattas.
  • Other Program Services
  • Toms River Yacht Club has a pool and snack bar operation during the summer season for its members and guests of members.

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
21-0625526
Tax-exempt status
501(c)(7): Social or recreational club
Donations deductible
No
Exempt since
1965
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$2,648,230
Income (IRS master file)
$1,471,027

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,291,516$1,425,423$2,648,230IRS
990December 2023$1,209,692$1,249,500$3,190,299XML
990December 2022$1,222,514$1,181,242$3,203,756IRS
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 21-0625526).

Questions about TOMS RIVER YACHT CLUB

What is the EIN of TOMS RIVER YACHT CLUB?
The employer identification number (EIN) of TOMS RIVER YACHT CLUB is 21-0625526.
Is TOMS RIVER YACHT CLUB tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1965.
Are donations to TOMS RIVER YACHT CLUB tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does TOMS RIVER 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 TOMS RIVER YACHT CLUB 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 TOMS RIVER YACHT CLUB 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 TOMS RIVER YACHT CLUB?
The 990 for the year ended December 31, 2024 names George Burger.
Who are the officers and directors of TOMS RIVER YACHT CLUB?
The 990 for the year ended December 31, 2024 lists 12 people; 0 received compensation from the organization.
How much revenue does TOMS RIVER YACHT CLUB have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,291,516, expenses of $1,425,423 and total assets of $2,648,230 at year end.

Other nonprofits in TOMS RIVER

All nonprofits in TOMS RIVER · New Jersey