Nonprofit · EIN 22-6176537
LAVALLETTE YACHT CLUB
Tax-exempt · UNION, NJ 07083
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $980,912 | $880,413 | $100,499 | $1,749,016 | $107,200 | $1,641,816 |
| December 31, 2023 | 990 | $896,837 | $781,053 | $115,784 | $1,642,150 | $100,833 | $1,541,317 |
| October 31, 2021 | 990 | $821,197 | $690,015 | $131,182 | $1,573,511 | $261,453 | $1,312,058 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $450,608
- Membership dues
- $450,608
- Program service revenue
- $484,462
- Investment income
- $40,625
- Net income from sales of inventory
- $4,071
- Other revenue
- $5,217
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $209,543
- Salaries, compensation and benefits (total)
- $240,160
- Professional fundraising fees
- $0
- Occupancy
- $59,657
- Depreciation
- $71,240
- Program services (functional)
- $437,338
- Management and general (functional)
- $443,075
Balance sheet and other
- Total assets, start of year
- $1,642,150
- Total assets, end of year
- $1,749,016
- Total liabilities, end of year
- $107,200
- Net assets, end of year
- $1,641,816
- Land, buildings and equipment
- $849,441
- Net assets without donor restrictions
- $1,641,816
- Gross unrelated business income
- $67,456
- Gross receipts
- $995,985
- Employees
- 26
- Volunteers
- 0
- Year formed
- 1904
- 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 |
|---|---|---|---|
| MICHELE REEDY | TREASURER Officer | 0 | $0 |
| PAMELA PHILLIPS-MCMANUS | SECRETARY Officer | 0 | $0 |
| MANNY REY | TRUSTEE Trustee or director | 0 | $0 |
| LAURA ZYLINSKI | TRUSTEE Trustee or director | 0 | $0 |
| BOB BRANDES | TRUSTEE Trustee or director | 0 | $0 |
| PAUL MAGNO | TRUSTEE Trustee or director | 0 | $0 |
| DAVE FINTER | TRUSTEE Trustee or director | 0 | $0 |
| LISA GARDNER | TRUSTEE Trustee or director | 0 | $0 |
| SCOTT GLOSENENGER | TRUSTEE Trustee or director | 0 | $0 |
| FRANK RODINO | COMMODORE Officer | 0 | $0 |
| JIM WALSH | VICE COMMODORE Officer | 0 | $0 |
| BILL BURNS | REAR COMMODORE Officer | 0 | $0 |
| CARRIE SLAVINSKI | FLEET CAPTAIN Officer | 0 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHELE REEDY | TREASURER Officer | 0 | $0 |
| PAMELA PHILLIPS-MCMANUS | SECRETARY Officer | 0 | $0 |
| MANNY REY | TRUSTEE Trustee or director | 0 | $0 |
| LAURA ZYLINSKI | TRUSTEE Trustee or director | 0 | $0 |
| BOB BRANDES | TRUSTEE Trustee or director | 0 | $0 |
| PAUL MAGNO | TRUSTEE Trustee or director | 0 | $0 |
| DAVE FINTER | TRUSTEE Trustee or director | 0 | $0 |
| LISA GARDNER | TRUSTEE Trustee or director | 0 | $0 |
| SCOTT GLOSENENGER | TRUSTEE Trustee or director | 0 | $0 |
| FRANK RODINO | COMMODORE Officer | 0 | $0 |
| JIM WALSH | VICE COMMODORE Officer | 0 | $0 |
| BILL BURNS | REAR COMMODORE Officer | 0 | $0 |
| CARRIE SLAVINSKI | FLEET CAPTAIN Officer | 0 | $0 |
990 for the year ended October 31, 2021: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARK SCHLEKSER | Trustee Trustee or director | 0 | $0 |
| ANNE GORMLEY | Trustee Trustee or director | 0 | $0 |
| JASON FERTAKOS | Trustee Trustee or director | 0 | $0 |
| PAUL MAGNO | Trustee Trustee or director | 0 | $0 |
| NICK MAIDA | Trustee Trustee or director | 0 | $0 |
| DAVE FINTER | Trustee Trustee or director | 0 | $0 |
| LORRAINE MORROW | Trustee Trustee or director | 0 | $0 |
| NANCY SEGGAL | PAST COMMODORE Officer | 0 | $0 |
| ERIN BURNS | Secretary Officer | 0 | $0 |
| KRIS KENNEDY SCUORZO | Treasurer Officer | 0 | $0 |
| GEORGE ANDERSON | PAST COMMODORE Officer | 0 | $0 |
| FRANK RODINO | FLEET CAPTAIN Officer | 0 | $0 |
| JOHN BRODERICK | PAST COMMODORE Officer | 0 | $0 |
| BRAD WRIGHT | COMMODORE Officer | 0 | $0 |
| DAVID APPLEGATE | REAR COMMODORE Officer | 0 | $0 |
| KEN DOLAN | VICE COMMODORE Officer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 611 COLONIAL AVE, UNION, NJ 07083-7435
- In care of
- % ROBERT DAVIS-TREASURER
- Principal officer (990 for 2024)
- MICHELLE J REEDY, PO BOX 321, LAVALLETTE, NJ 08735
- Signed the 990
- MICHELLE J REEDY, TREASURER
- Phone
- (732) 793-8747
- Website
- WWW.LAVALETTEYC.ORG
- Return prepared by
- ROBERT G GRAY CPA PC
Mission
TO PROMOTE SAILING, BOATING AND SOCIAL INTERACTION
Program accomplishments
- SEASONAL BOAT STORAGE FOR MEMBERS AND COSTS OF MAINTENANCE ON EQUIPMENT AND BOATSExpenses $100,673 · revenue $146,690
- OTHER CLUB ACTIVITIESExpenses $70,581 · revenue $21,885
- FOOD SERVICE ACTIVITIES FOR ITS MEMBERS. EXPENSES REPRESENT THE COST OF FOOD & REFRESHMENTS AND DOES NOT INCLUDE THE COST OF SALARIES FOR KITCHEN AND SERVICE STAFF.Expenses $111,305 · revenue $157,194
- INCLUDES JUNIOR PROGRAM, CLUB BOATS, TROPHIES & OTHER. IN ADDITION, DEPRECIATION OF THE FIXED ASSETS.Expenses $154,779 · revenue $137,079
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
- 22-6176537
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 2000
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N50)
- Assets (IRS master file)
- $1,749,016
- Income (IRS master file)
- $995,985
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $980,912 | $880,413 | $1,749,016 | XML |
| 990 | December 2023 | $896,837 | $781,053 | $1,642,150 | XML |
| 990 | December 2022 | $10 | $37,289 | $1,472,840 | IRS |
| 990 | October 2022 | $887,565 | $736,950 | $1,540,597 | IRS |
| 990 | October 2021 | $821,197 | $690,015 | $1,573,511 | XML |
| 990 | October 2020 | – | – | – | IRS |
| 990 | October 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 22-6176537).
Questions about LAVALLETTE YACHT CLUB
- What is the EIN of LAVALLETTE YACHT CLUB?
- The employer identification number (EIN) of LAVALLETTE YACHT CLUB is 22-6176537.
- Is LAVALLETTE YACHT CLUB tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 2000.
- Are donations to LAVALLETTE YACHT CLUB tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does LAVALLETTE 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 LAVALLETTE 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 LAVALLETTE 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 LAVALLETTE YACHT CLUB?
- The 990 for the year ended December 31, 2024 names MICHELLE J REEDY.
- Who are the officers and directors of LAVALLETTE YACHT CLUB?
- The 990 for the year ended December 31, 2024 lists 13 people; 0 received compensation from the organization.
- How much revenue does LAVALLETTE YACHT CLUB have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $980,912, expenses of $880,413 and total assets of $1,749,016 at year end.
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