Nonprofit · EIN 23-7104819
ISLAND YACHT CLUB
Tax-exempt · ALAMEDA, CA 94501
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $34,213 | $11,488 | $22,725 | $110,374 | – | $110,374 |
| December 31, 2023 | 990-EZ | $54,840 | $28,475 | $26,365 | $90,021 | $0 | $90,021 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,755
- Membership dues
- $15,680
- Investment income
- $2,653
- Net income from fundraising events
- $8,471
- Net income from sales of inventory
- $1,260
- Other revenue
- $4,394
Expenses
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $150
- Occupancy
- $2,984
- Other expenses
- $8,354
Balance sheet and other
- Total assets, start of year
- $90,021
- Total assets, end of year
- $110,374
- Total liabilities, end of year
- –
- Net assets, end of year
- $110,374
- Cash, savings and investments
- $94,214
- Gross receipts
- $85,917
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-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ERIC KORBAS | STAFF COMMODORE | 20 | $0 |
| PROVIN DHAWAN | VICE COMMODORE | 10 | $0 |
| EILEEN ZEDD | COMMODORE | 20 | $0 |
| ED HANLEY | REAR COMMODORE | 5 | $0 |
| ESTHER MUI | Secretary | 2 | $0 |
| RUTH MOTTER | Treasurer | 30 | $0 |
| CHRIS CARLSON | PORT CAPTAIN | 5 | $0 |
990-EZ for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Eric Korbas | Commodore | 8 | $0 |
| Prov Dhawan | Vice Commodore | 8 | $0 |
| Ruth Motter | Accountant/Asst. Treasurer | 6 | $0 |
| Esther Mui | Secretary | 6 | $0 |
Address and contacts
- Address (IRS master file)
- 1815 CLEMENT AVE SPC 30, ALAMEDA, CA 94501-1375
- Mailing address (990-N for 2022)
- 1815 Clement Ave Box 30, ALAMEDA CA 945011579
- Principal officer (990-N for 2022)
- David Shea, 100 Pepper Ave, Richmond VA 23226
- Signed the 990-EZ
- EILEEN ZEDD, COMMODORE
- Phone
- (510) 263-8388
- Website
- IYC.Org
- Return prepared by
- Sk Accountancy Corporation
California records
California keeps its own records of charities and corporations. Search them by EIN 23-7104819 or by the name ISLAND YACHT CLUB.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
THE PROMOTION OF RECREATIONAL SAILING AND SAFETY ON WATER.
Program accomplishments
- WE SPONSOR SAILBOAT RACING AND CRUSING EVENTS, EDUCATIONAL PROGRAMS FOR WOMEN AND BOATING SAFTEY COURSES. APPROXIMATELY 20-30 EVENTS ARE HELD EACH YEAR WITH THE AVERAGE ATTENDANCE OF 20-80 PEOPLE.
- WE SPONSPOR MONTHLY SOCIAL EVENTS WITH FOOD AND BEVERAGES FOR MEMBERS AND THEIR GUESTS. WE ALSO OFFER BRANDED MERCHANDISE WITH CLUB'SS LOGO FOR PURCHASE. ATTENDANCE RANGES BETWEEN 20 - 60 PEOPLE.
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-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 23-7104819
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1972
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $110,374
- Income (IRS master file)
- $85,917
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $34,213 | $11,488 | $110,374 | XML |
| 990-EZ | December 2023 | $54,840 | $28,475 | $90,021 | XML |
| 990-N for 2022 Officer: David Shea | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
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 23-7104819).
Questions about ISLAND YACHT CLUB
- What is the EIN of ISLAND YACHT CLUB?
- The employer identification number (EIN) of ISLAND YACHT CLUB is 23-7104819.
- Is ISLAND YACHT CLUB tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1972.
- Are donations to ISLAND YACHT CLUB tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ISLAND 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 ISLAND 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 ISLAND YACHT CLUB last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who is the principal officer of ISLAND YACHT CLUB?
- The 990-N for 2022 names David Shea.
- Who are the officers and directors of ISLAND YACHT CLUB?
- The 990-EZ for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does ISLAND YACHT CLUB have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $34,213, expenses of $11,488 and total assets of $110,374 at year end.
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