Nonprofit · EIN 54-1163532
PORTSMOUTH YACHT CLUB INC
Tax-exempt · PORTSMOUTH, VA 23707
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $56,805 | $18,296 | $38,509 | $219,506 | – | $219,506 |
| December 31, 2024 | 990-EZ | $54,731 | $19,228 | $35,503 | $180,997 | – | $180,997 |
| December 31, 2023 | 990-EZ | $55,995 | $21,334 | $34,661 | $185,707 | – | $185,707 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Membership dues
- $55,466
- Investment income
- $1,339
Expenses
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $585
- Printing, publications and postage
- $105
- Other expenses
- $17,606
Balance sheet and other
- Total assets, start of year
- $180,997
- Total assets, end of year
- $219,506
- Total liabilities, end of year
- –
- Net assets, end of year
- $219,506
- Cash, savings and investments
- $113,491
- Land and buildings
- $106,015
- Gross receipts
- $56,805
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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DON MATHIAS | TREASURER | 1 | $0 |
| MORGAN DRUM | COMMODORE | 1 | $0 |
| MATT AREL | VICE COMMODORE | 1 | $0 |
| MARY AREL | SECRETARY | 2 | $0 |
| RICHARD LITCHFIELD | DIRECTOR | 1 | $0 |
| CHARLES HUDGINS | DIRECTOR | 1 | $0 |
| DAVID WASHBOUNE | DIRECTOR | 1 | $0 |
990-EZ for the year ended December 31, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DON MATHIAS | TREASURER | 1 | $0 |
| MORGAN DRUM | COMMODORE | 1 | $0 |
| MATT AREL | VICE COMMODORE | 1 | $0 |
| MARY AREL | SECRETARY | 2 | $0 |
| RICHARD LITCHFIELD | DIRECTOR | 1 | $0 |
| CHARLES HUDGINS | DIRECTOR | 1 | $0 |
| DAVID WASHBOUNE | DIRECTOR | 1 | $0 |
990-EZ for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DON MATHIAS | TREASURER | 1 | $0 |
| MORGAN DRUM | COMMODORE | 1 | $0 |
| MATT AREL | VICE COMMODORE | 1 | $0 |
| MARY AREL | SECRETARY | 2 | $0 |
| RICHARD LITCHFIELD | DIRECTOR | 1 | $0 |
| CHARLES HUDGINS | DIRECTOR | 1 | $0 |
| DAVID WASHBOUNE | DIRECTOR | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 7712, PORTSMOUTH, VA 23707-0712
- In care of
- % DON MATHIAS
- Mailing address (990-N for 2023)
- PO BOX 7712, PORTSMOUTH VA 23707
- Principal officer (990-N for 2023)
- DONALD MATHIAS, PO BOX 7712, PORTSMOUTH VA 23707
- Signed the 990-EZ
- DON MATHIAS, TREASURER
- Phone
- (757) 439-7354
- Return prepared by
- Mulkey & Company PC
Mission
OPERATION OF A YACHT CLUB FOR THE MEMBERS OF THE CORPORATION WITH THE ASSOCIATED SOCIAL AND FRATERNAL ACTIVITIES INVOLVED WITH A YACHT CLUB IN AN EFFORT TO PROMOTE SAFE AND ENJOYABLE BOATING FOR THE MEMBERS.
Program accomplishments
- MAINTENANCE OF BOATING SUPPORT FACILITY AND ASSOCIATED GROUNDS AND FLOATING DOCKS FOR BERTHING MEMBER'S VESSELS. WEEKLY MEETINGS REGARDING BOAT MAINTENANCE AND OPERATIONS. MEMBER PARTICIPATION IN COMMUNITY WATERWAY CLEAN-UP PROJECTS.
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-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-N on file |
IRS record
- EIN
- 54-1163532
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1983
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $219,506
- Income (IRS master file)
- $56,805
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $56,805 | $18,296 | $219,506 | XML |
| 990-EZ | December 2024 | $54,731 | $19,228 | $180,997 | XML |
| 990-N for 2023 Officer: DONALD MATHIAS | December 31, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-EZ | December 2023 | $55,995 | $21,334 | $185,707 | XML |
| 990-N for 2022 Officer: Donald Mathias | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2021 Officer: Donald Mathias | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2020 Officer: Donald Mathias | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: Donald Mathias | December 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 54-1163532).
Questions about PORTSMOUTH YACHT CLUB INC
- What is the EIN of PORTSMOUTH YACHT CLUB INC?
- The employer identification number (EIN) of PORTSMOUTH YACHT CLUB INC is 54-1163532.
- Is PORTSMOUTH YACHT CLUB INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1983.
- Are donations to PORTSMOUTH YACHT CLUB INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does PORTSMOUTH 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 PORTSMOUTH YACHT CLUB INC 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 PORTSMOUTH YACHT CLUB INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who is the principal officer of PORTSMOUTH YACHT CLUB INC?
- The 990-N for 2023 names DONALD MATHIAS.
- Who are the officers and directors of PORTSMOUTH YACHT CLUB INC?
- The 990-EZ for the year ended December 31, 2025 lists 7 people; 0 received compensation from the organization.
- How much revenue does PORTSMOUTH YACHT CLUB INC have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $56,805, expenses of $18,296 and total assets of $219,506 at year end.
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