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Nonprofit · EIN 51-0370822

NEW CASTLE SAILING CLUB

Tax-exempt · NEW CASTLE, DE 19720

Financials

$63K$49K2022$64K$62K2023$64K$65K2024
Revenue Expenses · by fiscal year end
Financials of NEW CASTLE SAILING CLUB by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
October 31, 2025990-EZ$63,751$64,890-$1,139$280,952$0$280,952
October 31, 2024990-EZ$64,330$61,666$2,664$276,732$0$276,732
October 31, 2023990-EZ$62,652$48,773$13,879$273,551$0$273,551
Financial details: 990-EZ for the year ended October 31, 2025

Revenue

Contributions, gifts and grants
$0
Membership dues
$51,204
Program service revenue
$0
Investment income
$2,259
Net gain from sales of assets
$10,288
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$0
Occupancy
$12,016
Other expenses
$52,874

Balance sheet and other

Total assets, start of year
$276,732
Total assets, end of year
$280,952
Total liabilities, end of year
$0
Net assets, end of year
$280,952
Cash, savings and investments
$66,077
Land and buildings
$100,000
Gross receipts
$63,751

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-EZ for the year ended October 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
Megan FarrugiaCommodore10$0
Patti ParzialeTreasurer10$0
Donald PippinsFleet Captain10$0
Gary LavertySecretary10$0
Patrick DowlingSafety & Instruction Director10$0
John RiveraMembership Director10$0
Chet HadleyRacing Director10$0
Peter McCurdyProperty Director10$0
Antje BussiekVice Commodore10$0
990-EZ for the year ended October 31, 2024: 9 people
NameTitleHours / weekCompensation
Megan FarrugiaCommodore10$0
Patti ParzialeTreasurer10$0
Donald PippinsFleet Captain10$0
Gary LavertySecretary10$0
Patrick DowlingSafety & Instruction Director10$0
John RiveraMembership Director10$0
Chet HadleyRacing Director10$0
Peter McCurdyProperty Director10$0
Antje BussiekVice Commodore10$0
990-EZ for the year ended October 31, 2023: 9 people
NameTitleHours / weekCompensation
Laura FontanaCommodore5$0
Clay GreerTreasurer8$0
Michael BerningerFleet Captain5$0
Diana DiMattiaSecretary5$0
Patrick DowlingSafety & Instruction Director5$0
Stephanie KowalskiMembership Director8$0
Meg FarrugiaRacing Director5$0
Peter McCurdyProperty Director5$0
Antje BussiekVice Commodore5$0

Address and contacts

Address (IRS master file)
PO BOX 46, NEW CASTLE, DE 19720-0046
In care of
% JOHN G INGRAM
Mailing address (990-N for 2019)
PO Box 46, New Castle DE 19720
Principal officer (990-N for 2019)
Thomas Gorman, 104 Sorrel Drive, Wilmington DE 19803
Signed the 990-EZ
Glen DiEleuterio, Treasurer
Phone
(302) 981-3958

Mission

Sailing recreation for 130 member families. Teaching members to sail safely.

990-EZ for the year ended October 31, 2025

Program accomplishments

  • sailing recreation for club members

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 yearYear endedDueIRS public records
2024October 31, 2025March 16, 2026990-EZ on file
2023October 31, 2024March 17, 2025990-EZ on file
2022October 31, 2023March 15, 2024990-EZ on file

IRS record

EIN
51-0370822
Tax-exempt status
501(c)(7): Social or recreational club
Donations deductible
No
Exempt since
1996
Accounting year ends
October
Files
Form 990 or 990-EZ
Assets (IRS master file)
$280,952
Income (IRS master file)
$63,751

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZOctober 2025$63,751$64,890$280,952XML
990-EZOctober 2024$64,330$61,666$276,732XML
990-EZOctober 2023$62,652$48,773$273,551XML
990-EZOctober 2022–––IRS
990-EZOctober 2021–––IRS
990-N for 2019
Officer: Thomas Gorman
October 31, 2020≤ $50,000 receipts––e-Postcard
990-N for 2018
Officer: Laura L Fontana
October 31, 2019≤ $50,000 receipts––e-Postcard

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 51-0370822).

Questions about NEW CASTLE SAILING CLUB

What is the EIN of NEW CASTLE SAILING CLUB?
The employer identification number (EIN) of NEW CASTLE SAILING CLUB is 51-0370822.
Is NEW CASTLE SAILING CLUB tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1996.
Are donations to NEW CASTLE SAILING CLUB tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does NEW CASTLE SAILING 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 NEW CASTLE SAILING CLUB 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 NEW CASTLE SAILING CLUB last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended October 2025.
Who is the principal officer of NEW CASTLE SAILING CLUB?
The 990-N for 2019 names Thomas Gorman.
Who are the officers and directors of NEW CASTLE SAILING CLUB?
The 990-EZ for the year ended October 31, 2025 lists 9 people; 0 received compensation from the organization.
How much revenue does NEW CASTLE SAILING CLUB have?
On its 990-EZ for the year ended October 31, 2025 it reported revenue of $63,751, expenses of $64,890 and total assets of $280,952 at year end.

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