Nonprofit · EIN 56-0705931
EASTERN CAROLINA YACHT CLUB INC
Tax-exempt · NEW BERN, NC 28563
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $229,100 | $233,129 | -$4,029 | $271,389 | $38,707 | $232,682 |
| December 31, 2024 | 990 | $252,563 | $277,781 | -$25,218 | $272,090 | $35,379 | $236,711 |
| December 31, 2023 | 990 | $246,619 | $233,875 | $12,744 | $291,929 | $30,000 | $261,929 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $225,061
- Investment income
- $4,039
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $22,200
- Occupancy
- $25,907
- Depreciation
- $3,659
Balance sheet and other
- Total assets, start of year
- $272,090
- Total assets, end of year
- $271,389
- Total liabilities, end of year
- $38,707
- Net assets, end of year
- $232,682
- Land, buildings and equipment
- $28,018
- Net assets without donor restrictions
- $232,682
- Gross unrelated business income
- $4,039
- Gross receipts
- $229,100
- Employees
- 0
- Volunteers
- 229
- Year formed
- 1947
- State of legal domicile
- NC
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PETE CHILES | 2025 COMMODORE Officer | 4 | $0 |
| GUS WILLIS | 2025 VICE-COMMODORE Officer | 2 | $0 |
| ED CHILDS | 2025 REAR COMMODORE Officer | 2 | $0 |
| PETE MONTE | 2025 SECRETARY Officer | 2 | $0 |
| BILL HARRIS | 2025 TREASURER Officer | 4 | $0 |
990 for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RANDY GRAY | COMMODORE Officer | 4 | $0 |
| PETE CHILES | VICE-COMMODORE Officer | 2 | $0 |
| GUS WILLIS | REAR-COMMODORE Officer | 2 | $0 |
| PETE MONTE | SECRETARY Officer | 2 | $0 |
| BILL HARRIS | TREASURER Officer | 4 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WALT CRAYTON | COMMODORE Officer | 4 | $0 |
| RANDY GRAY | VICE-COMMODORE Officer | 2 | $0 |
| PETE CHILES | REAR-COMMODORE Officer | 2 | $0 |
| PETE MONTE | SECRETARY Officer | 2 | $0 |
| BILL HARRIS | TREASURER Officer | 4 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1123, NEW BERN, NC 28563-1123
- Principal officer (990 for 2025)
- GUS WILLIS, 2131 S GLENBURNIE RD SUITE 3, NEW BERN, NC 28562
- Signed the 990
- GUS WILLIS, 2026 COMMODORE
- Phone
- (252) 638-4000
- Return prepared by
- WILLIAMS SCARBOROUGH GRAY LLP
Mission
MEMBERSHIP CLUB FOR SOCIAL ACTIVITIES AND BOATING ACTIVITIES.
Program accomplishments
- MEMBERSHIP CLUB SOCIAL ACTIVITIES AND FOR BOATING ACTIVITIES.Expenses $233,129 · revenue $225,061
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 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 56-0705931
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1958
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $271,389
- Income (IRS master file)
- $229,100
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $229,100 | $233,129 | $271,389 | XML |
| 990 | December 2024 | $252,563 | $277,781 | $272,090 | XML |
| 990 | December 2023 | $246,619 | $233,875 | $291,929 | XML |
| 990 | December 2022 | $251,434 | $255,114 | $272,185 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 56-0705931).
Questions about EASTERN CAROLINA YACHT CLUB INC
- What is the EIN of EASTERN CAROLINA YACHT CLUB INC?
- The employer identification number (EIN) of EASTERN CAROLINA YACHT CLUB INC is 56-0705931.
- Is EASTERN CAROLINA YACHT CLUB INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1958.
- Are donations to EASTERN CAROLINA YACHT CLUB INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does EASTERN CAROLINA 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 EASTERN CAROLINA 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 EASTERN CAROLINA YACHT CLUB INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of EASTERN CAROLINA YACHT CLUB INC?
- The 990 for the year ended December 31, 2025 names GUS WILLIS.
- Who are the officers and directors of EASTERN CAROLINA YACHT CLUB INC?
- The 990 for the year ended December 31, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does EASTERN CAROLINA YACHT CLUB INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $229,100, expenses of $233,129 and total assets of $271,389 at year end.
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