Nonprofit · EIN 56-2089755
CROWS NEST YACHT CLUB INC
Tax-exempt · MOREHEAD CITY, NC 28557
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $754,815 | $835,264 | -$80,449 | $924,906 | $8,884 | $916,022 |
| December 31, 2023 | 990 | $718,649 | $630,216 | $88,433 | $1,132,370 | $135,899 | $996,471 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $471,255
- Investment income
- $1,936
- Net rental income
- $136,640
- Net income from sales of inventory
- $49,145
- Other revenue
- $281,624
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $248,110
- Salaries, compensation and benefits (total)
- $295,216
- Professional fundraising fees
- $0
- Legal fees
- $3,880
- Accounting fees
- $9,385
- Depreciation
- $59,634
Balance sheet and other
- Total assets, start of year
- $1,132,370
- Total assets, end of year
- $924,906
- Total liabilities, end of year
- $8,884
- Net assets, end of year
- $916,022
- Land, buildings and equipment
- $747,769
- Gross unrelated business income
- $1,936
- Gross receipts
- $909,869
- Employees
- 12
- Year formed
- 1998
- 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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Cathy Mewborn | Director Trustee or director | 0 | $0 |
| James Reavis | Director Trustee or director | 0 | $0 |
| Scott Williams | President Officer | 0 | $0 |
| Ken Gibbs | Vice President Officer | 0 | $0 |
| Walter LaRoque | Treasurer Officer | 0 | $0 |
| Gerri Edgerton | Secretary Officer | 0 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CJ Evans | General Manager Key employee | 0 | $48,919 |
| Ken Gibbs | Director Trustee or director | 0 | $0 |
| Ken Carnes | Director Trustee or director | 0 | $0 |
| James Cronin | Director Trustee or director | 0 | $0 |
| John Stanley | Vice President Officer | 0 | $0 |
| Alton Odom | President Officer | 0 | $0 |
| Geri Edgerton | Secretary Officer | 0 | $0 |
| Walter LaRoque | Treasurer Officer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 267, MOREHEAD CITY, NC 28557-0267
- In care of
- % WALTER LAROQUE
- Signed the 990
- WALTER LAROQUE, Treasurer
- Website
- www.crowsnestyachtclub.com
- Return prepared by
- Chused Patterson & Company CPAs
Mission
To provide various services to the club membership through retail sales; repairs and maint;embarking and disembarking boats; and pool and clubhouse facilities.
Program accomplishments
- To provide services to the club membership through retail sales;repairs and maintenance;embarking and disembarking boats;and pool and clubhouse facilities.
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 | Not 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
- 56-2089755
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 2000
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N50)
- Assets (IRS master file)
- $924,906
- Income (IRS master file)
- $909,869
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $754,815 | $835,264 | $924,906 | XML |
| 990 | December 2023 | $718,649 | $630,216 | $1,132,370 | XML |
| 990 | December 2022 | $666,954 | $664,108 | $986,729 | IRS |
| 990 | December 2021 | $583,308 | $635,728 | $1,009,927 | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 56-2089755).
Questions about CROWS NEST YACHT CLUB INC
- What is the EIN of CROWS NEST YACHT CLUB INC?
- The employer identification number (EIN) of CROWS NEST YACHT CLUB INC is 56-2089755.
- Is CROWS NEST YACHT CLUB INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 2000.
- Are donations to CROWS NEST YACHT CLUB INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CROWS NEST 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 CROWS NEST 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 CROWS NEST 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 are the officers and directors of CROWS NEST 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 CROWS NEST YACHT CLUB INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $754,815, expenses of $835,264 and total assets of $924,906 at year end.
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- SEASHORE SOCCER LEAGUE INC EIN 56-1809946 · last filed 990-EZ for 2025
- MHC MAKOS BASEBALL EIN 85-3234316 · last filed 990-EZ for 2024
- WAKE FOREST ROLESVILLE SOCCER ASSOCIATION INC EIN 56-2152625 · last filed 990-N for 2025
- ATLANTIC BEACH SHAG CLUB INC EIN 65-1290153 · last filed 990-N for 2022
- STARDUST-STARTUP FACTORY EIN 47-5320711 · last filed 990-N for 2024
- CRYSTAL COAST TOURNAMENT INC EIN 56-1330701 · last filed 990 for 2025
All nonprofits in MOREHEAD CITY · North Carolina · Recreation and sports