Nonprofit · EIN 59-0436199
SARASOTA YACHT CLUB
Tax-exempt · SARASOTA, FL 34236
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $9,706,859 | $10,664,530 | -$957,671 | $29,313,158 | $11,493,379 | $17,819,779 |
| September 30, 2024 | 990 | $9,421,004 | $10,187,918 | -$766,914 | $25,224,851 | $10,383,260 | $14,841,591 |
| September 30, 2023 | 990 | $8,701,883 | $8,995,181 | -$293,298 | $22,317,870 | $10,447,821 | $11,870,049 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $5,979,637
- Investment income
- $292,790
- Net gain from sales of assets
- -$38,412
- Net income from sales of inventory
- $2,942,081
- Other revenue
- $3,434,432
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $4,352,457
- Salaries, compensation and benefits (total)
- $5,986,365
- Professional fundraising fees
- $0
- Depreciation
- $1,080,575
Balance sheet and other
- Total assets, start of year
- $25,224,851
- Total assets, end of year
- $29,313,158
- Total liabilities, end of year
- $11,493,379
- Net assets, end of year
- $17,819,779
- Land, buildings and equipment
- $13,616,894
- Net assets without donor restrictions
- $17,819,779
- Gross unrelated business income
- $1,147,880
- Gross receipts
- $12,076,318
- Employees
- 123
- Volunteers
- 95
- Year formed
- 1926
- 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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KAREN HARMON | GM/COO Officer | 40 | $408,616 | $55,498 |
| JENNIFER ROMERO | CHIEF FINANCIAL OFFICER Officer | 40 | $239,262 | $44,705 |
| MAX MIRANDA | DIRECTOR OF CLUBHOUSE OPERATIONS Key employee | 40 | $208,154 | $17,399 |
| BRUCE BAILEY | EXECUTIVE CHEF Highest-paid employee | 40 | $173,739 | $16,456 |
| KAREN ROMAN | CATERING DIRECTOR Highest-paid employee | 40 | $149,597 | $15,322 |
| NERMIN GEBRAIL | HR DIRECTOR Highest-paid employee | 40 | $131,049 | $17,176 |
| JEFFERY MASSEY | MEMBERSHIP DIRECTOR Highest-paid employee | 40 | $124,571 | $14,480 |
| DEREK LANE | BANQUET MANAGER Highest-paid employee | 40 | $108,040 | $13,280 |
| HARRY ANAND | COMMODORE Trustee or director, Officer | 1 | $0 | $0 |
| ROBERT MILLIGAN | VICE COMMODORE Trustee or director, Officer | 1 | $0 | $0 |
| RYAN LODGE | REAR COMMODORE Trustee or director, Officer | 1 | $0 | $0 |
| JEFF RAY | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| PHIL JOHNSON | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| GERARD EZCURRA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GROVER TRASK | DIRECTOR Trustee or director | 1 | $0 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| VALERIE LINDSAY | DIRECTOR Trustee or director | 1 | $0 |
| NICHI MARTIN | DIRECTOR Trustee or director | 1 | $0 |
| ROGER BYRNE | DIRECTOR Trustee or director | 1 | $0 |
| MARY TAYLOR | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended September 30, 2024: 19 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KAREN HARMON | GM/COO Officer | 40 | $390,010 | $34,197 |
| JENNIFER ROMERO | CHIEF FINANCIAL OFFICER Officer | 40 | $223,399 | $24,790 |
| MAX MIRANDA | DIRECTOR OF CLUBHOUSE OPERATIONS Key employee | 40 | $209,193 | $16,872 |
| BRUCE BAILEY | EXECUTIVE CHEF Highest-paid employee | 40 | $155,941 | $15,169 |
| KAREN ROMAN | CATERING DIRECTOR Highest-paid employee | 40 | $120,000 | $14,896 |
| NERMIN GEBRAIL | HR DIRECTOR Highest-paid employee | 40 | $121,357 | $13,358 |
| JEFFERY MASSEY | MEMBERSHIP DIRECTOR Highest-paid employee | 40 | $118,311 | $13,236 |
| STEPHANIA FELTZ | DIRECTOR PHILANTHROPY AND SPECIAL PROJECTS Highest-paid employee | 40 | $103,039 | $12,626 |
| HARRY ANAND | COMMODORE Trustee or director, Officer | 1 | $0 | $0 |
| ROBERT MILLIGAN | VICE COMMODORE Trustee or director, Officer | 1 | $0 | $0 |
| RYAN LODGE | REAR COMMODORE Trustee or director, Officer | 1 | $0 | $0 |
| NICHI MARTIN | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| PHIL JOHNSON | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| GERARD EZCURRA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GROVER TRASK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| VALERIE LINDSAY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEFF RAY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROGER BYRNE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARY TAYLOR | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended September 30, 2023: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KAREN HARMON | GM/COO Officer | 40 | $358,186 | $20,679 |
| JENNIFER HECHEVERRIA | CHIEF FINANCIAL OFFICER Officer | 40 | $200,822 | $15,807 |
| MAX MIRANDA | FOOD & BEVERAGE DIRECTOR Highest-paid employee | 40 | $174,408 | $14,217 |
| STEPHANIA FELTZ | MEMBERSHIP DIRECTOR Highest-paid employee | 40 | $144,315 | $12,824 |
| BRUCE BAILEY | EXECUTIVE CHEF Highest-paid employee | 40 | $135,211 | $17,493 |
| KAREN ROMAN | CATERING DIRECTOR Highest-paid employee | 40 | $115,558 | $17,544 |
| RICHARD FARELLA | FACILITY DIRECTOR Highest-paid employee | 40 | $115,436 | $12,015 |
| TIM CLARKE | COMMODORE Trustee or director, Officer | 1 | $0 | $0 |
| HARRY ANAND | VICE COMMODORE Trustee or director, Officer | 1 | $0 | $0 |
| ROBERT MILLIGAN | REAR COMMODORE Trustee or director, Officer | 1 | $0 | $0 |
| NICHI MARTIN | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| GERARD EZCURRA | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| PHIL JOHNSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| VALERIE LINDSAY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GROVER TRASK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RYAN LODGE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARK PADGETT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROGER BYRNE | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1100 JOHN RINGLING BLVD, SARASOTA, FL 34236-1512
- Principal officer (990 for 2024)
- ROBERT MILLIGAN, 1100 JOHN RINGLING BOULEVARD, SARASOTA, FL 34236
- Signed the 990
- DON ELLIS, TREASURER
- Phone
- (941) 365-4191
- Website
- WWW.SARASOTAYACHTCLUB.ORG
- Return prepared by
- RSM US LLP
Mission
THE WORLD-CLASS, AWARD WINNING SARASOTA YACHT CLUB IS HOME TO A DIVERSE MEMBERSHIP AND PROFESSIONAL STAFF WHO INSPIRE LIFELONG FRIENDSHIPS AND EXTRAORDINARY EXPERIENCES IN OUR CULTURALLY-RICH WATERFRONT CITY.
Program accomplishments
- SYC BRAND STATEMENTTO PEOPLE WHO ENJOY BEING ON OR AROUND THE WATER AND CONNECTING WITH FRIENDS THAT HAVE SIMILAR INTEREST, SARASOTA YACHT CLUB IS THE PREMIER WORLD-CLASS YACHT CLUB THAT DELIVERS THE YACHTING LIFESTYLE EXPERIENCE INSPIRING LIFELONG FRIENDSHIPS AND EXTRAORDINARY EXPERIENCES IN ANUPSCALE, WATERFRONT LOCATION WITH AWARD WINNING DINING, A CLEAN, FULL-SERVICE MARINA, AND ENGAGING ACTIVITIES IN A FAMILY-FRIENDLY WELCOMING ENVIRONMENT. IN OUR CULTURALLY RICH CITY, ONLY SYC HAS A UNIQUE WATERFRONT LOCATION, DIVERSE ACTIVE MEMBERS, AND PROFESSIONAL STAFF.
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 September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 59-0436199
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1954
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $29,313,158
- Income (IRS master file)
- $12,076,318
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $9,706,859 | $10,664,530 | $29,313,158 | XML |
| 990 | September 2024 | $9,421,004 | $10,187,918 | $25,224,851 | XML |
| 990 | September 2023 | $8,701,883 | $8,995,181 | $22,317,870 | XML |
| 990 | September 2022 | $7,579,182 | $8,033,930 | $19,794,710 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 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 59-0436199).
Questions about SARASOTA YACHT CLUB
- What is the EIN of SARASOTA YACHT CLUB?
- The employer identification number (EIN) of SARASOTA YACHT CLUB is 59-0436199.
- Is SARASOTA YACHT CLUB tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1954.
- Are donations to SARASOTA YACHT CLUB tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does SARASOTA 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 SARASOTA YACHT CLUB due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SARASOTA YACHT CLUB last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of SARASOTA YACHT CLUB?
- The 990 for the year ended September 30, 2025 names ROBERT MILLIGAN.
- Who are the officers and directors of SARASOTA YACHT CLUB?
- The 990 for the year ended September 30, 2025 lists 19 people; 8 received compensation from the organization, the highest $408,616 (KAREN HARMON, GM/COO).
- How much revenue does SARASOTA YACHT CLUB have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $9,706,859, expenses of $10,664,530 and total assets of $29,313,158 at year end.
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