Nonprofit · EIN 59-0197110
CLEARWATER YACHT CLUB
Tax-exempt · CLEARWATER, FL 33767
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,250,877 | $1,648,703 | $602,174 | $4,650,873 | $1,604,991 | $3,045,882 |
| December 31, 2023 | 990 | $1,984,031 | $1,543,360 | $440,671 | $3,857,720 | $1,463,756 | $2,393,964 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,613,641
- Investment income
- $733,326
- Net gain from sales of assets
- $692,604
- Net income from sales of inventory
- -$99,276
- Other revenue
- -$96,090
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $156,301
- Other salaries and wages
- $294,626
- Salaries, compensation and benefits (total)
- $619,107
- Professional fundraising fees
- $0
- Legal fees
- $3,251
- Accounting fees
- $7,653
- Occupancy
- $304,172
- Depreciation
- $72,597
Balance sheet and other
- Total assets, start of year
- $3,857,720
- Total assets, end of year
- $4,650,873
- Total liabilities, end of year
- $1,604,991
- Net assets, end of year
- $3,045,882
- Land, buildings and equipment
- $2,118,390
- Gross unrelated business income
- $660,884
- Gross receipts
- $3,806,321
- Employees
- 62
- Volunteers
- 21
- Year formed
- 1985
- State of legal domicile
- FL
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 | Other / benefits |
|---|---|---|---|---|
| PETER JUTIS | GENERAL MANAGER Officer | 40 | $127,231 | $29,070 |
| RICH LIBONATE | COMMODORE Trustee or director, Officer | 1 | $0 | $0 |
| JOAN CARTER | VICE COMMODORE Trustee or director, Officer | 1 | $0 | $0 |
| ROD WHITE | REAR COMMODORE Trustee or director, Officer | 1 | $0 | $0 |
| KEAGAN PENNYCUFF | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| CAREY SAUER | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JOHN MINTON | FLEET CAPTAIN Trustee or director, Officer | 1 | $0 | $0 |
| CURTIS WOLD | IMMEDIATE PAST COMMODORE Trustee or director, Officer | 1 | $0 | $0 |
| RICK BROOM | DIRECTOR Trustee or director | 1 | $0 | $0 |
| AMIE CROSBY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TOM CUMMINGS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JIM HANNIGAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PHYLLIS NORDMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RICHIE SHAW | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KANE M BARKER | BARTENDER/SERVER Highest-paid employee | 40 | $108,004 | $12,684 |
| MICHAEL CIACCIO | GENERAL MANAGER (THRU 4/26/23) Officer | 40 | $59,423 | $12,401 |
| PETER JUTIS | GENERAL MANAGER (AS OF 7/10/23) Officer | 40 | $55,243 | $8,854 |
| CURTIS WOLD | COMMODORE Trustee or director, Officer | 1 | $0 | $0 |
| RICH LIBONATE | VICE COMMODORE Trustee or director, Officer | 1 | $0 | $0 |
| JOAN CARTER | REAR COMMODORE Trustee or director, Officer | 1 | $0 | $0 |
| GREG CRIST | IMMEDIATE PAST COMMODORE Trustee or director, Officer | 1 | $0 | $0 |
| PHIL SHAW | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| CAREY SAUER | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JOHN MINTON | FLEET CAPTAIN Trustee or director, Officer | 1 | $0 | $0 |
| AMIE CROSBY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TOM CUMMINGS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JIM HANNIGAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PHYLLIS NORDMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KEAGAN PENNYCUFF | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROD WHITE | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 830 BAYWAY BLVD, CLEARWATER, FL 33767-2613
- Principal officer (990 for 2024)
- ALBERT MICHAEL RUBIO, 830 SOUTH BAYWAY BLVD, CLEARWATER, FL 33767
- Signed the 990
- ALBERT MICHAEL RUBIO, TREASURER
- Phone
- (727) 442-1309
- Website
- CLEARWATERYACHTCLUB.ORG
- Return prepared by
- CBIZ ADVISORS LLC
Mission
TO ENCOURAGE YACHTING AND PROVIDE MEMBERS WITH ASSOCIATED RECREATIONAL PRIVILEGES.
Program accomplishments
- TO ENCOURAGE YACHTING BY THE PUBLIC; TO PROMOTE AND ASSIST IN MAKING MEMBERS MORE PROFICIENT IN SEAMANSHIP AND NAVIGATION; TO PROVIDE GOOD FOOD, REFRESHMENTS, AND MAINTAIN A SUITABLE CLUBHOUSE, ANCHORAGE, AND FACILITIES FOR THE RECREATION AND USE OF ITS MEMBERS AND THEIR FAMILIES; TO PROMOTE THE SOCIAL WELFARE, ENTERTAINMENT, AND DIVERSION OF ITS MEMBERS, THEIR FAMILIES AND GUESTS.
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
- 59-0197110
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1945
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $4,650,873
- Income (IRS master file)
- $3,806,321
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,250,877 | $1,648,703 | $4,650,873 | XML |
| 990 | December 2023 | $1,984,031 | $1,543,360 | $3,857,720 | IRS |
| 990 | December 2022 | $1,471,966 | $1,474,733 | $2,220,381 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 59-0197110).
Questions about CLEARWATER YACHT CLUB
- What is the EIN of CLEARWATER YACHT CLUB?
- The employer identification number (EIN) of CLEARWATER YACHT CLUB is 59-0197110.
- Is CLEARWATER YACHT CLUB tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1945.
- Are donations to CLEARWATER YACHT CLUB tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CLEARWATER YACHT 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 CLEARWATER YACHT CLUB 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 CLEARWATER YACHT CLUB 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 CLEARWATER YACHT CLUB?
- The 990 for the year ended December 31, 2024 names ALBERT MICHAEL RUBIO.
- Who are the officers and directors of CLEARWATER YACHT CLUB?
- The 990 for the year ended December 31, 2024 lists 14 people; 1 received compensation from the organization, the highest $127,231 (PETER JUTIS, GENERAL MANAGER).
- How much revenue does CLEARWATER YACHT CLUB have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,250,877, expenses of $1,648,703 and total assets of $4,650,873 at year end.
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