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Nonprofit · EIN 38-1893397

GRAND TRAVERSE YACHT CLUB

Tax-exempt · TRAVERSE CITY, MI 49684

Financials

$600K$541K2023$605K$583K2024
Revenue Expenses · by fiscal year end
Financials of GRAND TRAVERSE YACHT CLUB by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$604,990$582,772$22,218$1,415,445$622,254$793,191
December 31, 2023990$599,518$541,029$58,489$1,407,699$636,726$770,973
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$545,603
Investment income
$2,224
Net rental income
$24,323
Other revenue
$57,163

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$177,970
Salaries, compensation and benefits (total)
$196,586
Professional fundraising fees
$0
Accounting fees
$12,000
Occupancy
$103,879
Depreciation
$35,129

Balance sheet and other

Total assets, start of year
$1,407,699
Total assets, end of year
$1,415,445
Total liabilities, end of year
$622,254
Net assets, end of year
$793,191
Land, buildings and equipment
$1,321,204
Net assets without donor restrictions
$793,191
Gross unrelated business income
$24,323
Gross receipts
$641,267
Employees
14
Volunteers
13
Year formed
1960
State of legal domicile
MI

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.

NameTitleHours / weekCompensation
EB WICKESDIRECTOR
Trustee or director
1$0
ADAM PRETTYMANDIRECTOR
Trustee or director
1$0
JD WILSONDIRECTOR
Trustee or director
1$0
CHAD BROWNDIRECTOR
Trustee or director
1$0
SHANNON HICKSREAR COMMODORE
Officer
4$0
SCOT ZIMMERMANTREASURER
Officer
4$0
KIM MARIANSECRETARY
Officer
4$0
VERNE POWELLPAST COMMODORE
Officer
4$0
SAM BENDERVICE COMMODORE
Officer
4$0
DARRIC NEWMANCOMMODORE
Officer
4$0
990 for the year ended December 31, 2023: 10 people
NameTitleHours / weekCompensation
CHAD BROWNDIRECTOR
Trustee or director
1$0
SHANNON HICKSDIRECTOR
Trustee or director
1$0
MIKE MULCAHYDIRECTOR
Trustee or director
1$0
ADAM PETTYMANDIRECTOR
Trustee or director
1$0
SAM BENDERREAR COMMODO
Officer
4$0
PETRA KEUHNISPAST COMMODO
Officer
4$0
KIM MARIANSECRETARY
Officer
1$0
DARRIC NEWMANVICE COMMODO
Officer
4$0
VERNE POWELLCOMMODORE
Officer
4$0
SCOT ZIMMERMANTREASURER
Officer
4$0

Address and contacts

Address (IRS master file)
13615 S WEST BAY SHORE DR, TRAVERSE CITY, MI 49684-6200
Principal officer (990 for 2024)
DARRIC NEWMAN, PO BOX 2158, TRAVERSE CITY, MI 49685
Signed the 990
DARRIC NEWMAN, COMMODORE
Phone
(231) 946-9779
Website
GTYC.ORG
Return prepared by
UHY ADVISORS GREAT LAKES INC

Mission

PROMOTION OF BOATING ON GRAND TRAVERSE BAY AND THE SURROUNDING AREA.

990 for the year ended December 31, 2024

Program accomplishments

  • PROMOTION OF BOATING ON GRAND TRAVERSE BAY AND THE SURROUNDING AREA.
  • PROMOTION OF BOATING ON GRAND TRAVERSE BAY AND THE SURROUNDING 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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
38-1893397
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)
$1,415,445
Income (IRS master file)
$641,267

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$604,990$582,772$1,415,445XML
990December 2023$599,518$541,029$1,407,699XML
990December 2022$472,760$472,305$1,382,528IRS
990December 2021–––IRS
990December 2020–––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 38-1893397).

Questions about GRAND TRAVERSE YACHT CLUB

What is the EIN of GRAND TRAVERSE YACHT CLUB?
The employer identification number (EIN) of GRAND TRAVERSE YACHT CLUB is 38-1893397.
Is GRAND TRAVERSE YACHT CLUB tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1972.
Are donations to GRAND TRAVERSE YACHT CLUB tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does GRAND TRAVERSE 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 GRAND TRAVERSE 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 GRAND TRAVERSE 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 GRAND TRAVERSE YACHT CLUB?
The 990 for the year ended December 31, 2024 names DARRIC NEWMAN.
Who are the officers and directors of GRAND TRAVERSE YACHT CLUB?
The 990 for the year ended December 31, 2024 lists 10 people; 0 received compensation from the organization.
How much revenue does GRAND TRAVERSE YACHT CLUB have?
On its 990 for the year ended December 31, 2024 it reported revenue of $604,990, expenses of $582,772 and total assets of $1,415,445 at year end.

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