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Nonprofit · EIN 51-0194511

OCEAN REEF YACHT CLUB INC

Tax-exempt · KEY LARGO, FL 33037

Financials

$606K$685K2022$645K$687K2023$654K$770K2024
Revenue Expenses · by fiscal year end
Financials of OCEAN REEF YACHT CLUB INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
April 30, 2025990$653,811$769,886-$116,075$73,075$28,334$44,741
April 30, 2024990$645,121$686,627-$41,506$160,816$0$160,816
April 30, 2023990$606,454$685,390-$78,936$209,922$7,600$202,322
Financial details: 990 for the year ended April 30, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$692,555
Investment income
$12,945
Net income from sales of inventory
-$51,689
Other revenue
-$51,689

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Program services (functional)
$769,886

Balance sheet and other

Total assets, start of year
$160,816
Total assets, end of year
$73,075
Total liabilities, end of year
$28,334
Net assets, end of year
$44,741
Net assets without donor restrictions
$44,741
Gross unrelated business income
$12,945
Gross receipts
$712,485
Employees
0

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 April 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
JAY BEATTYGOVERNOR
Trustee or director, Officer
1$0
MICHAEL CONLEYGOVERNOR
Trustee or director, Officer
1$0
PHYLLIS A ELDENTREASURER
Trustee or director, Officer
1$0
BONNY GOTHIERGOVERNOR
Trustee or director, Officer
1$0
JORGE GUARCHFLEET CAPTAI
Trustee or director, Officer
1$0
CHIP HILLYERCOMMODORE
Trustee or director, Officer
1$0
TOM MCKENZIEREAR COMMODO
Trustee or director, Officer
1$0
CRAIG WIERDAVICE COMMODO
Trustee or director, Officer
1$0
990 for the year ended April 30, 2024: 8 people
NameTitleHours / weekCompensation
JAY BEATTYGOVERNOR
Trustee or director, Officer
1$0
SARAH CARTCOMMODORE
Trustee or director, Officer
1$0
PHYLLIS A ELDENTREASURER
Trustee or director, Officer
1$0
BONNY GOTHIERGOVERNOR
Trustee or director, Officer
1$0
JORGE GUARCHGOVERNOR
Trustee or director, Officer
1$0
CHIP HILLYERVICE COMMODO
Trustee or director, Officer
1$0
TOM MCKENZIEFLEET CAPTAI
Trustee or director, Officer
1$0
CRAIG WIERDAREAR COMMODO
Trustee or director, Officer
1$0
990 for the year ended April 30, 2023: 8 people
NameTitleHours / weekCompensation
DONALD BERMANTCOMMODORE
Trustee or director, Officer
1$0
SARAH CARTVICE COMMODO
Trustee or director, Officer
1$0
CHIP HILLYERREAR COMMODO
Trustee or director, Officer
1$0
CRAIG WIERDAFLEET CAPTAI
Trustee or director, Officer
1$0
PHYLLIS A ELDENTREASURER
Trustee or director, Officer
1$0
ROB KURZGOVERNOR
Trustee or director, Officer
1$0
J M GUARCHGOVERNOR
Trustee or director, Officer
1$0
TOM MCKENZIEGOVERNOR
Trustee or director, Officer
1$0

Address and contacts

Address (IRS master file)
24 DOCKSIDE LANE 417, KEY LARGO, FL 33037-5267
In care of
% MARJORIE PETERSON
Principal officer (990 for 2024)
PHYLLIS A ELDEN, 24 DOCKSIDE LANE 417, KEY LARGO, FL 33037
Signed the 990
PHYLLIS A ELDEN, TREASURER
Phone
(305) 367-3321
Return prepared by
KSDT & CO LLC

Mission

TO PROVIDE FELLOWSHIP AMONG MEMBERS

990 for the year ended April 30, 2025

Program accomplishments

  • PROVIDE MEMBERS WHO SHARE COMMON INTEREST IN YACHTING WITH SOCIAL FUNCTIONS WHERE MEMBERS SHARE THEIR BOATING EXPERIENCES AND WITH SCHEDULED BOATING EVENTS FOR MEMBER PARTICIPATION.
    Expenses $769,886 · revenue $692,555

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 April, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025April 30, 2026September 15, 2026Not on file
2024April 30, 2025September 15, 2025990 on file
2023April 30, 2024September 16, 2024990 on file

IRS record

EIN
51-0194511
Tax-exempt status
501(c)(7): Social or recreational club
Donations deductible
No
Exempt since
1976
Accounting year ends
April
Files
Form 990 or 990-EZ
Assets (IRS master file)
$73,075
Income (IRS master file)
$712,485

Filing history

FormYear endedRevenueExpensesAssetsReturn
990April 2025$653,811$769,886$73,075XML
990April 2024$645,121$686,627$160,816XML
990April 2023$606,454$685,390$209,922XML
990April 2022$643,183$602,227$287,622IRS
990April 2021–––IRS
990April 2020–––IRS
990April 2019–––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 51-0194511).

Questions about OCEAN REEF YACHT CLUB INC

What is the EIN of OCEAN REEF YACHT CLUB INC?
The employer identification number (EIN) of OCEAN REEF YACHT CLUB INC is 51-0194511.
Is OCEAN REEF YACHT CLUB INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1976.
Are donations to OCEAN REEF YACHT CLUB INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does OCEAN REEF 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 OCEAN REEF YACHT CLUB INC due?
The return for tax year 2025 (the year ending April 30, 2026) is due September 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did OCEAN REEF YACHT CLUB INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended April 2025.
Who is the principal officer of OCEAN REEF YACHT CLUB INC?
The 990 for the year ended April 30, 2025 names PHYLLIS A ELDEN.
Who are the officers and directors of OCEAN REEF YACHT CLUB INC?
The 990 for the year ended April 30, 2025 lists 8 people; 0 received compensation from the organization.
How much revenue does OCEAN REEF YACHT CLUB INC have?
On its 990 for the year ended April 30, 2025 it reported revenue of $653,811, expenses of $769,886 and total assets of $73,075 at year end.

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