Nonprofit · EIN 34-0646603
FOREST CITY YACHT CLUB
Tax-exempt · CLEVELAND, OH 44114
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $435,533 | $384,838 | $50,695 | $496,491 | $64,183 | $432,308 |
| December 31, 2024 | 990 | $382,806 | $412,339 | -$29,533 | $442,818 | $61,205 | $381,613 |
| December 31, 2023 | 990 | $391,688 | $366,895 | $24,793 | $472,609 | $61,463 | $411,146 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $435,046
- Membership dues
- $435,046
- Program service revenue
- $0
- Investment income
- $2,656
- Net income from sales of inventory
- -$2,169
- Other revenue
- -$2,169
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $31,570
- Salaries, compensation and benefits (total)
- $34,027
- Professional fundraising fees
- $0
- Accounting fees
- $7,108
- Occupancy
- $18,378
- Management and general (functional)
- $384,838
Balance sheet and other
- Total assets, start of year
- $442,818
- Total assets, end of year
- $496,491
- Total liabilities, end of year
- $64,183
- Net assets, end of year
- $432,308
- Gross receipts
- $479,519
- Employees
- 1
- Year formed
- 1939
- State of legal domicile
- OH
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAT FINN | COMMODORE Trustee or director, Officer | 8 | $0 |
| MATT FIKTUS | VICE COMMODORE Trustee or director, Officer | 1 | $0 |
| EDWARD BROMUND | REAR COMMODORE Trustee or director, Officer | 1 | $0 |
| MAURA GAVIN | SECRETARY Trustee or director, Officer | 1 | $0 |
| FRANK SCAVONE | TREASURER Trustee or director, Officer | 3 | $0 |
| MICHELLE WINTER | FINANCIAL SECRETARY Trustee or director, Officer | 1 | $0 |
| BOB DIANETTI | TRUSTEE Trustee or director | 1 | $0 |
| KAREN MACPHERSON | TRUSTEE Trustee or director | 1 | $0 |
| TOM MONTOWSKY | TRUSTEE Trustee or director | 1 | $0 |
| MICHAEL CHEUNG | PAST COMMODORE TRUSTEE Trustee or director | 1 | $0 |
| VICKY MOUSTY | FLEET CAPTAIN Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2024: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL CHEUNG | COMMODORE Trustee or director, Officer | 8 | $0 |
| PAT FINN | VICE COMMODORE Trustee or director, Officer | 1 | $0 |
| MATT FIKTUS | REAR COMMODORE Trustee or director, Officer | 1 | $0 |
| VICKY MOUSTY | SECRETARY Trustee or director, Officer | 1 | $0 |
| FRANK SCAVONE | TREASURER Trustee or director, Officer | 3 | $0 |
| MICHELLE WINTER | FINANCIAL SECRETARY Trustee or director, Officer | 1 | $0 |
| BOB DIANETTI | TRUSTEE Trustee or director | 1 | $0 |
| JOANN PIEKARCZYK | TRUSTEE Trustee or director | 1 | $0 |
| TOM MONTOWSKY | TRUSTEE Trustee or director | 1 | $0 |
| ERIC PATRICK | PAST COMMODORE TRUSTEE Trustee or director | 1 | $0 |
| EDWARD BROMUND | FLEET CAPTAIN Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ERIC PATRICK | COMMODORE Trustee or director, Officer | 8 | $0 |
| MICHAEL CHEUNG | VICE COMMODORE Trustee or director, Officer | 1 | $0 |
| PAT FINN | REAR COMMODORE Trustee or director, Officer | 1 | $0 |
| VICKY MOUSTY | SECRETARY Trustee or director, Officer | 1 | $0 |
| DAVID PRZYBOJEWSKI | TREASURER Trustee or director, Officer | 3 | $0 |
| MICHELLE WINTER | FINANCIAL SECRETARY Trustee or director, Officer | 1 | $0 |
| DENNIS SVOBODA | TRUSTEE Trustee or director | 1 | $0 |
| JOANN PIEKARCZYK | TRUSTEE Trustee or director | 1 | $0 |
| TOM MONTOWSKY | TRUSTEE Trustee or director | 1 | $0 |
| MICHAEL YUROSKO | PAST COMMODORE TRUSTEE Trustee or director | 1 | $0 |
| MATT FIKTUS | FLEET CAPTAIN Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 5301 N MARGINAL RD, CLEVELAND, OH 44114-3924
- Principal officer (990 for 2025)
- KENNETH BALOGH, 5301 N MARGINAL RD, CLEVELAND, OH 44114
- Signed the 990
- KENNETH BALOGH, TREASURER
- Phone
- (216) 361-9857
- Website
- WWW.FORESTCITYYACHTCLUB.COM
- Return prepared by
- PTC FINANCIAL INC
Mission
PRIVATE YACHT CLUB SOCIAL ORGANIZATION
Program accomplishments
- PRIVATE YACHT CLUB - SOCIAL ORGANIZATION PROMOTING THE FRATERNITY OF SAFE RESPONSIBLE BOATING IN THE GREATER CLEVELAND OHIO AREA
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 | 990 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
- 34-0646603
- 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)
- $496,491
- Income (IRS master file)
- $479,519
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $435,533 | $384,838 | $496,491 | XML |
| 990 | December 2024 | $382,806 | $412,339 | $442,818 | XML |
| 990 | December 2023 | $391,688 | $366,895 | $472,609 | XML |
| 990 | December 2022 | $350,019 | $335,038 | $449,174 | 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 34-0646603).
Questions about FOREST CITY YACHT CLUB
- What is the EIN of FOREST CITY YACHT CLUB?
- The employer identification number (EIN) of FOREST CITY YACHT CLUB is 34-0646603.
- Is FOREST CITY YACHT CLUB tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1965.
- Are donations to FOREST CITY YACHT CLUB tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does FOREST CITY 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 FOREST CITY YACHT CLUB due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FOREST CITY YACHT CLUB last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of FOREST CITY YACHT CLUB?
- The 990 for the year ended December 31, 2025 names KENNETH BALOGH.
- Who are the officers and directors of FOREST CITY YACHT CLUB?
- The 990 for the year ended December 31, 2025 lists 11 people; 0 received compensation from the organization.
- How much revenue does FOREST CITY YACHT CLUB have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $435,533, expenses of $384,838 and total assets of $496,491 at year end.
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