Nonprofit · EIN 59-0677113
FORT WALTON YACHT CLUB
Tax-exempt · FT WALTON BCH, FL 32548
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,698,503 | $1,631,308 | $67,195 | $2,066,048 | $34,278 | $2,031,770 |
| December 31, 2024 | 990 | $1,630,163 | $1,422,590 | $207,573 | $1,977,550 | $44,107 | $1,933,443 |
| December 31, 2023 | 990 | $1,431,360 | $1,364,204 | $67,156 | $1,904,746 | $56,280 | $1,848,466 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $21,312
- Program service revenue
- $1,219,481
- Investment income
- $30,639
- Net rental income
- $13,157
- Net income from sales of inventory
- $404,613
- Other revenue
- $427,071
Expenses
- Grants and similar amounts paid
- $38,440
- Other salaries and wages
- $811,016
- Salaries, compensation and benefits (total)
- $842,521
- Professional fundraising fees
- $0
- Legal fees
- $33,083
- Accounting fees
- $9,372
- Occupancy
- $176,412
- Travel
- $729
- Depreciation
- $81,804
Balance sheet and other
- Total assets, start of year
- $1,977,550
- Total assets, end of year
- $2,066,048
- Total liabilities, end of year
- $34,278
- Net assets, end of year
- $2,031,770
- Land, buildings and equipment
- $913,762
- Gross unrelated business income
- $43,796
- Gross receipts
- $2,112,545
- Employees
- 46
- Year formed
- 1990
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN HILLSMAN | DIRECTOR Trustee or director | 3 | $0 |
| MIKE KELLEY | DIRECTOR Trustee or director | 3 | $0 |
| DIANA WELLS | DIRECTOR Trustee or director | 3 | $0 |
| CARSON SMITH | DIRECTOR Trustee or director | 3 | $0 |
| LISA LETHCOE | DIRECTOR Trustee or director | 3 | $0 |
| MATHEW BELL | DIRECTOR Trustee or director | 3 | $0 |
| VALERIE CUSTER | DIRECTOR Trustee or director | 3 | $0 |
| CLAY HUNTLEY | DIRECTOR Trustee or director | 3 | $0 |
| RICHARD KICZEK | DIRECTOR Trustee or director | 3 | $0 |
| JOHN WRIGHT | DIRECTOR Trustee or director | 3 | $0 |
| JOE WILEY | DIRECTOR Trustee or director | 3 | $0 |
| DON WOLFE | DIRECTOR Trustee or director | 3 | $0 |
| MARILYN MELTON | COMMODORE Officer | 10 | $0 |
| JIM BOURESSA | VICE COMMODORE Officer | 10 | $0 |
| JAN THOMAS | REAR COMMODORE Officer | 10 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WILLIAM ZEHNER | FLEET CAPTAIN Officer | 10 | $0 |
| JACKIE TOOMEY | SECRETARY Officer | 10 | $0 |
| TAYLOR VAUGHAN | TREASURER Officer | 10 | $0 |
990 for the year ended December 31, 2024: 18 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN HILLSMAN | COMMODORE Trustee or director, Officer | 10 | $0 |
| DAVID VAUGHAN | VICE COMMODORE Trustee or director, Officer | 10 | $0 |
| MARILYN MELTON | REAR COMMODORE Trustee or director, Officer | 10 | $0 |
| TAYLOR VAUGHAN | TREASURER Trustee or director, Officer | 10 | $0 |
| JOHN FARRIS | FLEET CAPTAIN Trustee or director, Officer | 10 | $0 |
| DONITA MESSENGER | SECRETARY Trustee or director, Officer | 10 | $0 |
| JIM BOURESSA | DIRECTOR Trustee or director | 3 | $0 |
| ROBB RENNIE | DIRECTOR Trustee or director | 3 | $0 |
| LOU RICHARD | DIRECTOR Trustee or director | 3 | $0 |
| BRIAN SMITH | DIRECTOR Trustee or director | 3 | $0 |
| KERRIE SERPA | DIRECTOR Trustee or director | 3 | $0 |
| JOHN WIGHT | DIRECTOR Trustee or director | 3 | $0 |
| ROBERT FISHER | DIRECTOR Trustee or director | 3 | $0 |
| GINA GAMMICK | DIRECTOR Trustee or director | 3 | $0 |
| JIM JETER | DIRECTOR Trustee or director | 3 | $0 |
| LISA LETHCOE | DIRECTOR Trustee or director | 3 | $0 |
| CARSON SMITH | DIRECTOR Trustee or director | 3 | $0 |
| PC CRAIG STOLDT | DIRECTOR Trustee or director | 3 | $0 |
990 for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN HILLSMAN | COMMODORE Trustee or director, Officer | 10 | $0 |
| DAVID VAUGHAN | VICE COMMODORE Trustee or director, Officer | 10 | $0 |
| MAUREENA LYSAGHT | REAR COMMODORE Trustee or director, Officer | 10 | $0 |
| TAYLOR VAUGHAN | TREASURER Trustee or director, Officer | 10 | $0 |
| JOHN FARRIS | FLEET CAPTAIN Trustee or director, Officer | 10 | $0 |
| SHERI WIGHT | SECRETARY Trustee or director, Officer | 10 | $0 |
| MIKE SEMENOV | DIRECTOR Trustee or director | 3 | $0 |
| JULIAN COOK | DIRECTOR Trustee or director | 3 | $0 |
| LOU RICHARD | DIRECTOR Trustee or director | 3 | $0 |
| DAVID SEATON | DIRECTOR Trustee or director | 3 | $0 |
| KERRIE SERPA | DIRECTOR Trustee or director | 3 | $0 |
| CRAIG WILUSZ | DIRECTOR Trustee or director | 3 | $0 |
| ROBERT FISHER | DIRECTOR Trustee or director | 3 | $0 |
| GINA GAMMICK | DIRECTOR Trustee or director | 3 | $0 |
| JIM JETER | DIRECTOR Trustee or director | 3 | $0 |
| LISA LETHCOE | DIRECTOR Trustee or director | 3 | $0 |
| CARSON SMITH | DIRECTOR Trustee or director | 3 | $0 |
| CRAIG STOLDT | DIRECTOR Trustee or director | 3 | $0 |
Address and contacts
- Address (IRS master file)
- 180 FERRY RD NE, FT WALTON BCH, FL 32548-5178
- In care of
- % MARILYN MELTON
- Signed the 990
- MARILYN MELTON, COMMODORE
- Phone
- (850) 243-7102
- Website
- WWW.FWYC.ORG
- Return prepared by
- MARTIN BROTHERS 850 LLC
Mission
TO PROMOTE, CONDUCT AND ENCOURAGE BOATING OF VARYING KINDS AND TO FURNISH ENTERTAINMENT, RECREATION, FOOD AND REFRESHMENTS AND AN ENJOYABLE MEETING PLACE TO ITS MEMBERS AND GUESTS.
Program accomplishments
- N/A
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
- 59-0677113
- 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)
- $2,066,048
- Income (IRS master file)
- $2,112,545
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,698,503 | $1,631,308 | $2,066,048 | XML |
| 990 | December 2024 | $1,630,163 | $1,422,590 | $1,977,550 | XML |
| 990 | December 2023 | $1,431,360 | $1,364,204 | $1,904,746 | XML |
| 990 | December 2022 | $1,546,301 | $1,239,568 | $1,808,918 | 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 59-0677113).
Questions about FORT WALTON YACHT CLUB
- What is the EIN of FORT WALTON YACHT CLUB?
- The employer identification number (EIN) of FORT WALTON YACHT CLUB is 59-0677113.
- Is FORT WALTON YACHT CLUB tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1963.
- Are donations to FORT WALTON YACHT CLUB tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does FORT WALTON 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 FORT WALTON YACHT CLUB 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 FORT WALTON YACHT CLUB last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who are the officers and directors of FORT WALTON YACHT CLUB?
- The 990 for the year ended December 31, 2025 lists 18 people; 0 received compensation from the organization.
- How much revenue does FORT WALTON YACHT CLUB have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,698,503, expenses of $1,631,308 and total assets of $2,066,048 at year end.
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