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Nonprofit · EIN 46-5242554

BAL HARBOUR YACHT CLUB INC

Tax-exempt · LANTANA, FL 33462

Financials

$3.5M$4.2M2023$4.1M$4.4M2024
Revenue Expenses · by fiscal year end
Financials of BAL HARBOUR YACHT CLUB INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$4,108,296$4,398,041-$289,745$832,649$2,292,659-$1,460,010
December 31, 2023990$3,457,415$4,240,336-$782,921$901,414$2,071,679-$1,170,265
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$4,108,280
Investment income
$16
Other revenue
$0

Expenses

Grants and similar amounts paid
$5,400
Other salaries and wages
$118,565
Salaries, compensation and benefits (total)
$126,636
Professional fundraising fees
$0
Legal fees
$1,095
Occupancy
$3,436,610
Travel
$11,532
Depreciation
$62,663
Program services (functional)
$4,371,062
Management and general (functional)
$26,979

Balance sheet and other

Total assets, start of year
$901,414
Total assets, end of year
$832,649
Total liabilities, end of year
$2,292,659
Net assets, end of year
-$1,460,010
Land, buildings and equipment
$655,225
Gross unrelated business income
$16
Gross receipts
$4,108,296
Employees
2
Volunteers
0
Year formed
2014
State of legal domicile
FL

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
JOSEPH IMBESIPRESIDENT
Trustee or director, Officer
10$0
ORLA IMBESIVICE PRESIDENT, SECRETARY
Trustee or director, Officer
10$0
ANTHONY IMBESIVICE PRESIDENT, TREASURER
Trustee or director, Officer
40$0
AMANDA DOERINGDIRECTOR
Trustee or director
20$0
SONIA GUNTERDIRECTOR
Trustee or director
5$0
JOSEPH NOEL IMBESIDIRECTOR
Trustee or director
5$0
990 for the year ended December 31, 2023: 6 people
NameTitleHours / weekCompensation
JOSEPH IMBESIPRESIDENT
Trustee or director, Officer
10$0
ORLA IMBESIVICE PRESIDENT, SECRETARY
Trustee or director, Officer
10$0
ANTHONY IMBESIVICE PRESIDENT, TREASURER
Trustee or director, Officer
40$0
AMANDA DOERINGDIRECTOR
Trustee or director
20$0
SONIA GUNTERDIRECTOR
Trustee or director
5$0
JOSEPH NOEL IMBESIDIRECTOR
Trustee or director
5$0

Address and contacts

Address (IRS master file)
1735 LANDS END RD, LANTANA, FL 33462-4759
In care of
% AMANDA DOERING
Principal officer (990 for 2024)
ANTHONY IMBESI, 175 CAMDEN DR, BAL HARBOUR, FL 33154
Signed the 990
ANTHONY IMBESI, PRESIDENT
Phone
(305) 865-6048
Return prepared by
BERKOWITZ POLLACK BRANT ADVISORS CPAS

Mission

TO OPERATE AND MANAGE THE OPERATION OF A PRIVATE MEMBERS ONLY YACHT CLUB LOCATED IN BAL HARBOUR, FLORIDA.

990 for the year ended December 31, 2024

Program accomplishments

  • PRIVATE YACHT CLUB OFFERING BOAT SLIPS, RELATED SERVICES, AND CLUB FACILITIES FOR MEMBERS
    Expenses $4,371,062 · grants $5,400 · revenue $4,108,280

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
46-5242554
Tax-exempt status
501(c)(7): Social or recreational club
Donations deductible
No
Exempt since
2015
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$832,649
Income (IRS master file)
$4,108,296

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$4,108,296$4,398,041$832,649IRS
990December 2023$3,457,415$4,240,336$901,414XML
990December 2022$3,106,133$4,070,146$1,382,135IRS
990December 2021$2,572,162$2,141,576$1,468,040IRS
990December 2020$1,982,458$2,316,659$1,388,105IRS
990December 2018–––IRS
990December 2017–––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 46-5242554).

Questions about BAL HARBOUR YACHT CLUB INC

What is the EIN of BAL HARBOUR YACHT CLUB INC?
The employer identification number (EIN) of BAL HARBOUR YACHT CLUB INC is 46-5242554.
Is BAL HARBOUR YACHT CLUB INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 2015.
Are donations to BAL HARBOUR YACHT CLUB INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does BAL HARBOUR 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 BAL HARBOUR YACHT CLUB INC 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 BAL HARBOUR YACHT CLUB INC 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 BAL HARBOUR YACHT CLUB INC?
The 990 for the year ended December 31, 2024 names ANTHONY IMBESI.
Who are the officers and directors of BAL HARBOUR YACHT CLUB INC?
The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
How much revenue does BAL HARBOUR YACHT CLUB INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $4,108,296, expenses of $4,398,041 and total assets of $832,649 at year end.

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