Nonprofit · EIN 58-0555047
SAVANNAH YACHT CLUB INC
Tax-exempt · SAVANNAH, GA 31410
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $7,824,167 | $8,470,302 | -$646,135 | $14,952,271 | $1,125,751 | $13,826,520 |
| December 31, 2023 | 990 | $7,333,526 | $7,045,211 | $288,315 | $15,469,813 | $997,158 | $14,472,655 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $4,731,755
- Investment income
- $18,791
- Net income from sales of inventory
- $3,061,172
- Other revenue
- $3,073,621
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $121,548
- Other salaries and wages
- $3,754,426
- Salaries, compensation and benefits (total)
- $4,609,155
- Professional fundraising fees
- $0
- Accounting fees
- $58,331
- Occupancy
- $570,124
- Depreciation
- $820,452
- Program services (functional)
- $4,926,724
- Management and general (functional)
- $3,543,578
Balance sheet and other
- Total assets, start of year
- $15,469,813
- Total assets, end of year
- $14,952,271
- Total liabilities, end of year
- $1,125,751
- Net assets, end of year
- $13,826,520
- Land, buildings and equipment
- $9,337,739
- Publicly traded securities
- $33,186
- Net assets without donor restrictions
- $13,826,520
- Gross unrelated business income
- $888,283
- Gross receipts
- $9,451,779
- Employees
- 244
- Volunteers
- 18
- Year formed
- 1950
- State of legal domicile
- GA
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 |
|---|---|---|---|
| MICHAEL RYAN | GENERAL MANA Officer | 48 | $121,548 |
| MELISSA FOSTER | REAR COMMODO Trustee or director, Officer | 1 | $0 |
| ED CHAPMAN | TREASURER Trustee or director, Officer | 1 | $0 |
| DENTON STONE | PAST COMMODO Trustee or director, Officer | 1 | $0 |
| RICHARD COOMER | COMMODORE Trustee or director, Officer | 1 | $0 |
| LOY ALLMOND | VICE COMMODO Trustee or director, Officer | 1 | $0 |
| CHARLES EZELLE | SECRETARY Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LEOPOLDO M LUISTRO VI | GENERAL MANA Officer | 48 | $278,082 | $9,223 |
| MELISSA FOSTER | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JIM SHEFFIELD | PAST COMMODO Trustee or director, Officer | 1 | $0 | $0 |
| ED CHAPMAN | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| DENTON STONE | COMMODORE Trustee or director, Officer | 1 | $0 | $0 |
| RICHARD COOMER | VICE COMMODO Trustee or director, Officer | 1 | $0 | $0 |
| LOY ALLMOND | REAR COMMODO Trustee or director, Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 30888, SAVANNAH, GA 31410-0888
- In care of
- % SAVA
- Principal officer (990 for 2024)
- ED CHAPMAN, PO BOX 30888, SAVANNAH, GA 31410
- Signed the 990
- ED CHAPMAN, TREASURER
- Phone
- (912) 897-1315
- Website
- WWW.SAVANNAHYACHTCLUB.ORG
- Return prepared by
- DABBS HICKMAN HILL & CANNON LLP
Mission
OPERATION OF A YACHT CLUB, INCLUDING A RESTAURANT, LOUNGE, DOCK & SPORTS FACILITIES.
Program accomplishments
- OPERATION OF A YACHT CLUB, INCLUDING A RESTAURANT, LOUNGE, DOCK & SPORTS FACILITIES.Expenses $4,926,724 · revenue $4,731,755
- OPERATION OF A YACHT CLUB, INCLUDING A RESTAURANT, LOUNGE, DOCK & SPORTS 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
- 58-0555047
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1963
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $14,952,271
- Income (IRS master file)
- $9,451,779
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $7,824,167 | $8,470,302 | $14,952,271 | XML |
| 990 | December 2023 | $7,333,526 | $7,045,211 | $15,469,813 | XML |
| 990 | December 2022 | $7,020,039 | $6,398,516 | $15,260,632 | IRS |
| 990 | December 2021 | – | – | – | 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 58-0555047).
Questions about SAVANNAH YACHT CLUB INC
- What is the EIN of SAVANNAH YACHT CLUB INC?
- The employer identification number (EIN) of SAVANNAH YACHT CLUB INC is 58-0555047.
- Is SAVANNAH YACHT CLUB INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1963.
- Are donations to SAVANNAH YACHT CLUB INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does SAVANNAH 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 SAVANNAH 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 SAVANNAH 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 is the principal officer of SAVANNAH YACHT CLUB INC?
- The 990 for the year ended December 31, 2024 names ED CHAPMAN.
- Who are the officers and directors of SAVANNAH YACHT CLUB INC?
- The 990 for the year ended December 31, 2024 lists 7 people; 1 received compensation from the organization, the highest $121,548 (MICHAEL RYAN, GENERAL MANA).
- How much revenue does SAVANNAH YACHT CLUB INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $7,824,167, expenses of $8,470,302 and total assets of $14,952,271 at year end.
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