Nonprofit · EIN 23-7371301
CORNWALL YACHT CLUB INC
Tax-exempt · CORNWALL HDSN, NY 12520
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| October 31, 2025 | 990 | $255,745 | $168,319 | $87,426 | $1,168,377 | $3,439 | $1,164,938 |
| October 31, 2024 | 990 | $217,968 | $205,826 | $12,142 | $1,098,356 | $844 | $1,097,512 |
| October 31, 2023 | 990 | $153,709 | $197,122 | -$43,413 | $1,085,922 | $552 | $1,085,370 |
Financial details: 990 for the year ended October 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $161,490
- Investment income
- $6,697
- Net rental income
- $80,512
- Net gain from sales of assets
- $1,168
- Net income from fundraising events
- $7,046
- Other revenue
- $87,558
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $2,320
- Occupancy
- $71,498
- Depreciation
- $37,640
Balance sheet and other
- Total assets, start of year
- $1,098,368
- Total assets, end of year
- $1,168,377
- Total liabilities, end of year
- $3,439
- Net assets, end of year
- $1,164,938
- Land, buildings and equipment
- $814,170
- Gross unrelated business income
- $87,209
- Gross receipts
- $391,018
- Employees
- 0
- Year formed
- 2001
- State of legal domicile
- NY
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 October 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THOMAS GLEESON | COMMODORE Trustee or director, Officer | – | $0 |
| FRED SCHNEIDER | VICE COMMODO Officer | – | $0 |
| STEVE LONGINOTT | FLEET CAPTAI Officer | – | $0 |
| IAN HANSEN | SECRETARY Trustee or director, Officer | – | $0 |
| DAVID REISS | TREASURER Trustee or director, Officer | – | $0 |
| DAVID TERWILLIGER | PURSER Trustee or director, Officer | – | $0 |
| MIKE BUSHEY | DIRECTOR Trustee or director | – | $0 |
| CHARLES STORER | DIRECTOR Trustee or director | – | $0 |
| SEAN BUCKLEY | DIRECTOR Trustee or director | – | $0 |
| JOHN DAVIES | DIRECTOR Trustee or director | – | $0 |
| PAUL MELE | DIRECTOR Trustee or director | – | $0 |
| CHET GARDNER | DIRECTOR Trustee or director | – | $0 |
990 for the year ended October 31, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THOMAS GLEESON | COMMODORE Trustee or director, Officer | – | $0 |
| FRED SCHNEIDER | VICE COMMODO Officer | – | $0 |
| STEVE LONGINOTT | FLEET CAPTAI Officer | – | $0 |
| DAVID REISS | SECRETARY Trustee or director, Officer | – | $0 |
| STEVE HEY | TREASURER Trustee or director, Officer | – | $0 |
| DAN MAHONEY | PURSER Trustee or director, Officer | – | $0 |
| JOHN AUGIERI | DIRECTOR Trustee or director | – | $0 |
| CHARLES STORER | DIRECTOR Trustee or director | – | $0 |
| SEAN BUCKLEY | DIRECTOR Trustee or director | – | $0 |
| JOHN DAVIES | DIRECTOR Trustee or director | – | $0 |
| PAUL MELE | DIRECTOR Trustee or director | – | $0 |
| MARK CROWLEY | DIRECTOR Trustee or director | – | $0 |
990 for the year ended October 31, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THOMAS GLEESON | COMMODORE Trustee or director, Officer | – | $0 |
| MARK RAYMOND | VICE COMMODO Officer | – | $0 |
| CHARLES STORER | FLEET CAPTAI Officer | – | $0 |
| DAVID REISS | SECRETARY Trustee or director, Officer | – | $0 |
| STEPHEN SPELLMAN | TREASURER Trustee or director, Officer | – | $0 |
| DAN MAHONEY | PURSER Trustee or director, Officer | – | $0 |
| JOHN AUGIERI | DIRECTOR Trustee or director | – | $0 |
| STEVE NEGERSMITH | DIRECTOR Trustee or director | – | $0 |
| STEVE HEY | DIRECTOR Trustee or director | – | $0 |
| JOHN DAVIES | DIRECTOR Trustee or director | – | $0 |
| TIM BRENNAN | DIRECTOR Trustee or director | – | $0 |
| MARK CROWLEY | DIRECTOR Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 314, CORNWALL HDSN, NY 12520-0314
- Principal officer (990 for 2024)
- IAN HANSEN, 175 SHORE ROAD, CORNWALL ON HUDSON, NY 12520
- Signed the 990
- IAN HANSEN, SECRETARY
- Phone
- (845) 497-7742
- Website
- WWW.CORNWALLYACHTCLUB.COM
- Return prepared by
- RANK & SMITH CPA'S PC
Mission
PROVIDE A PLACE FOR BOATING ENTHUSIASTS TO MAINTAIN THEIR BOATS AND SHARE THEIR PLEASURE OF BOATING.
Program accomplishments
- PROVIDE MEBERS WITH DOCK FACILITIES AND SOCIAL ACTIVITIESExpenses $141,063 · revenue $161,490
- PROVIDE SOCIAL ENJOYMENT OF FACILITIESExpenses $27,256
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 October, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | October 31, 2026 | March 15, 2027 | Not due yet |
| 2024 | October 31, 2025 | March 16, 2026 | 990 on file |
| 2023 | October 31, 2024 | March 17, 2025 | 990 on file |
IRS record
- EIN
- 23-7371301
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 2001
- Accounting year ends
- October
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N50)
- Assets (IRS master file)
- $1,168,377
- Income (IRS master file)
- $391,018
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | October 2025 | $255,745 | $168,319 | $1,168,377 | XML |
| 990 | October 2024 | $217,968 | $205,826 | $1,098,356 | XML |
| 990 | October 2023 | $153,709 | $197,122 | $1,085,922 | XML |
| 990 | October 2022 | $163,762 | $198,976 | $1,132,023 | IRS |
| 990 | October 2021 | – | – | – | IRS |
| 990 | October 2020 | – | – | – | IRS |
| 990 | October 2019 | – | – | – | 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 23-7371301).
Questions about CORNWALL YACHT CLUB INC
- What is the EIN of CORNWALL YACHT CLUB INC?
- The employer identification number (EIN) of CORNWALL YACHT CLUB INC is 23-7371301.
- Is CORNWALL YACHT CLUB INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 2001.
- Are donations to CORNWALL YACHT CLUB INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CORNWALL YACHT CLUB INC 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 CORNWALL YACHT CLUB INC due?
- The return for tax year 2025 (the year ending October 31, 2026) is due March 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CORNWALL YACHT CLUB INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended October 2025.
- Who is the principal officer of CORNWALL YACHT CLUB INC?
- The 990 for the year ended October 31, 2025 names IAN HANSEN.
- Who are the officers and directors of CORNWALL YACHT CLUB INC?
- The 990 for the year ended October 31, 2025 lists 12 people; 0 received compensation from the organization.
- How much revenue does CORNWALL YACHT CLUB INC have?
- On its 990 for the year ended October 31, 2025 it reported revenue of $255,745, expenses of $168,319 and total assets of $1,168,377 at year end.
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