Nonprofit · EIN 21-0646286
YACHT CLUB OF SEA ISLE CITY
Tax-exempt · SEA ISLE CITY, NJ 08243
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,920,855 | $1,807,134 | $113,721 | $4,958,653 | $3,897,825 | $1,060,828 |
| December 31, 2023 | 990 | $1,891,040 | $1,699,385 | $191,655 | $4,839,127 | $3,892,020 | $947,107 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,424,224
- Investment income
- $8,228
- Net rental income
- $26,286
- Net income from sales of inventory
- $404,506
- Other revenue
- $488,403
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $572,717
- Salaries, compensation and benefits (total)
- $709,261
- Professional fundraising fees
- $0
- Legal fees
- $950
- Accounting fees
- $39,500
- Occupancy
- $202,094
- Depreciation
- $194,708
- Program services (functional)
- $1,807,134
Balance sheet and other
- Total assets, start of year
- $4,839,127
- Total assets, end of year
- $4,958,653
- Total liabilities, end of year
- $3,897,825
- Net assets, end of year
- $1,060,828
- Land, buildings and equipment
- $3,380,369
- Net assets without donor restrictions
- $1,060,828
- Gross unrelated business income
- $161,231
- Gross receipts
- $3,428,020
- Employees
- 97
- Volunteers
- 15
- Year formed
- 1939
- 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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAWN ANDERSON | BOARD MEMBER Trustee or director | 5 | $0 |
| RICHARD FARINA | VICE PRESIDE Trustee or director, Officer | 5 | $0 |
| RICHARD FAZIO | REAR COMMODO Trustee or director, Officer | 5 | $0 |
| PAULETTE GABRIEL | BOARD MEMBER Trustee or director | 5 | $0 |
| KATHY GANSTER | SECRETARY Trustee or director, Officer | 5 | $0 |
| PATRICIA GAULL | VICE COMMODO Trustee or director, Officer | 5 | $0 |
| MICHAEL KERNICKY | BOARD MEMBER Trustee or director | 5 | $0 |
| KATHY MAGUIRE | CHAIRMAN Trustee or director, Officer | 5 | $0 |
| ED MARTINI | BOARD MEMBER Trustee or director | 5 | $0 |
| RUSS MCCONNELL | PAST COMMODO Trustee or director, Officer | 5 | $0 |
| BILL MURPHY | COMMODORE Trustee or director, Officer | 5 | $0 |
| REED O'BRIEN | BOARD MEMBER Trustee or director | 5 | $0 |
| JIM PHELAN | BOARD MEMBER Trustee or director | 5 | $0 |
| FRANK URSO | BOARD CHAIRM Trustee or director, Officer | 5 | $0 |
| CHUCK WHINNEY | TREASURER Trustee or director, Officer | 5 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAWN ANDERSON | BOARD MEMBER Trustee or director | 1 | $0 |
| RICHARD FARINA | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| RICHARD FAZIO | REAR COMMODO Trustee or director, Officer | 1 | $0 |
| PAULETTE GABRIEL | BOARD MEMBER Trustee or director | 1 | $0 |
| KATHY GANSTER | SECRETARY Trustee or director, Officer | 1 | $0 |
| PATRICIA GAULL | VICE COMMODO Trustee or director, Officer | 1 | $0 |
| MICHAEL KERNICKY | BOARD MEMBER Trustee or director | 1 | $0 |
| KATHY MAGUIRE | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| ED MARTINI | BOARD MEMBER Trustee or director | 1 | $0 |
| RUSS MCCONNELL | PAST COMMODO Trustee or director, Officer | 1 | $0 |
| BILL MURPHY | COMMODORE Trustee or director, Officer | 1 | $0 |
| REED O'BRIEN | BOARD MEMBER Trustee or director | 1 | $0 |
| JIM PHELAN | BOARD MEMBER Trustee or director | 1 | $0 |
| FRANK URSO | BOARD CHAIRM Trustee or director, Officer | 1 | $0 |
| CHUCK WHINNEY | TREASURER Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 182, SEA ISLE CITY, NJ 08243-0182
- In care of
- % JOSEPH M CORVINO
- Principal officer (990 for 2024)
- BILL MURPHY, POBOX 182, SEA ISLE CITY, NJ 08243
- Signed the 990
- CHUCK WHINNEY, TREASURER
- Phone
- (609) 263-7282
- Website
- WWW.YCSIC.COM
- Return prepared by
- FITZPATRICK BONGIOVANNI & KELLY PC
Mission
COMMUNITY PROGRAMS TO SUPPORT SEA ISLE CITY, NJ, SUCH AS, JULY 4TH JUNIOR OLYMPICS, EDUCATIONAL SAILING PROGRAMS, SAFE BOATING COURSES AND TRAINING, ETC.
Program accomplishments
- YACHT CLUB - SERVICES ARE PROVIDED TO MEMBERS FROM MID-JANUARY THROUGH DECEMBER. SOCIAL ACTIVITIES FOR ITS MEMBERS INCLUDE DINNER, ENTERTAINMENT, AND BAR ACTIVITIES. DOCKS ARE AVAILABLE FOR RENTAL BY MEMBERS. APPROXIMATELY 650 FAMILIES ARE MEMBERS. YOUTH ACTIVITIES INCLUDE RECREATIONAL AND INSTRUCTIONAL SAILING AND KAYAKING. APPROXIMATELY 100 PEOPLE PARTICIPATED IN THIS ACTIVITY. SERVICE IS PROVIDED WEEKLY DURING THE SUMMER.
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 | Not 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
- 21-0646286
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1943
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $4,958,653
- Income (IRS master file)
- $3,428,020
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,920,855 | $1,807,134 | $4,958,653 | XML |
| 990 | December 2023 | $1,891,040 | $1,699,385 | $4,839,127 | XML |
| 990 | December 2022 | $1,449,941 | $1,768,349 | $4,612,731 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 21-0646286).
Questions about YACHT CLUB OF SEA ISLE CITY
- What is the EIN of YACHT CLUB OF SEA ISLE CITY?
- The employer identification number (EIN) of YACHT CLUB OF SEA ISLE CITY is 21-0646286.
- Is YACHT CLUB OF SEA ISLE CITY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1943.
- Are donations to YACHT CLUB OF SEA ISLE CITY tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does YACHT CLUB OF SEA ISLE CITY 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 YACHT CLUB OF SEA ISLE CITY 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 YACHT CLUB OF SEA ISLE CITY 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 YACHT CLUB OF SEA ISLE CITY?
- The 990 for the year ended December 31, 2024 names BILL MURPHY.
- Who are the officers and directors of YACHT CLUB OF SEA ISLE CITY?
- The 990 for the year ended December 31, 2024 lists 15 people; 0 received compensation from the organization.
- How much revenue does YACHT CLUB OF SEA ISLE CITY have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,920,855, expenses of $1,807,134 and total assets of $4,958,653 at year end.
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- NEW JERSEY STATE FIREMENS ASSOCIATION EIN 90-0727607 · last filed 990 for 2025
- PEYTONS PROMISE INC EIN 27-2036993 · last filed 990-EZ for 2025
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- JACKSONS WISH INC EIN 87-3835401 · last filed 990-PF for 2024