Nonprofit · EIN 59-0798689
KEY BISCAYNE YACHT CLUB INC
Tax-exempt · KEY BISCAYNE, FL 33149
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| March 31, 2025 | 990 | $11,816,408 | $13,584,142 | -$1,767,734 | $34,583,467 | $16,323,031 | $18,260,436 |
| March 31, 2024 | 990 | $12,271,886 | $12,457,320 | -$185,434 | $33,171,998 | $16,535,316 | $16,636,682 |
| March 31, 2023 | 990 | $10,782,604 | $11,760,808 | -$978,204 | $30,303,101 | $17,184,644 | $13,118,457 |
Financial details: 990 for the year ended March 31, 2025
Revenue
- Contributions, gifts and grants
- $417,027
- of which government grants
- $417,027
- Program service revenue
- $6,620,890
- Investment income
- $279,599
- Net gain from sales of assets
- -$58,582
- Net income from sales of inventory
- $4,337,541
- Other revenue
- $4,498,892
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $5,293,999
- Salaries, compensation and benefits (total)
- $6,373,048
- Professional fundraising fees
- $0
- Depreciation
- $1,456,594
Balance sheet and other
- Total assets, start of year
- $33,171,998
- Total assets, end of year
- $34,583,467
- Total liabilities, end of year
- $16,323,031
- Net assets, end of year
- $18,260,436
- Land, buildings and equipment
- $19,221,605
- Net assets without donor restrictions
- $18,260,436
- Gross unrelated business income
- $1,468,829
- Gross receipts
- $14,813,329
- Employees
- 215
- Volunteers
- 60
- Year formed
- 1955
- 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 March 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| THOMAS KASSNER | GENERAL MANAGER / COO Officer | 40 | $334,808 | $19,963 |
| MATTHEW MEDRANO | EXECUTIVE CHIEF Highest-paid employee | 40 | $148,934 | $16,386 |
| AMERILY CLEMENTE-FALCON | CONTROLLER Officer | 40 | $150,830 | $6,209 |
| BRANDON COLLURA | MARINA & FACILITIES DIR. Highest-paid employee | 40 | $139,426 | $12,856 |
| DIANA RODRIGUEZ | MEMBERSHIP DIRECTOR Highest-paid employee | 40 | $104,077 | $7,099 |
| CRISTINA CIURO | REAR COMMODORE Trustee or director, Officer | 1 | $0 | $0 |
| LUIS FELIPE PORRO | VICE COMMODORE Trustee or director, Officer | 1 | $0 | $0 |
| JOHN F HALULA | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| MATT S PATTULLO | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| EDUARDO L HERNANDEZ | COMMODORE Trustee or director, Officer | 1 | $0 | $0 |
| KRISTEN CONNELL | GOVERNOR Trustee or director | 1 | $0 | $0 |
| JOE COOTE | GOVERNOR Trustee or director | 1 | $0 | $0 |
| ENRIQUE FALLA | GOVERNOR Trustee or director | 1 | $0 | $0 |
| YVY GARCIA | GOVERNOR Trustee or director | 1 | $0 | $0 |
| RICHARD M GOLDSTEIN | GOVERNOR Trustee or director | 1 | $0 | $0 |
8 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRETT MOSS | GOVERNOR Trustee or director | 1 | $0 |
| CLAIRE MUELLER | GOVERNOR Trustee or director | 1 | $0 |
| JESSICA PORTELA | GOVERNOR Trustee or director | 1 | $0 |
| JAVIER J RODRIGUEZ | PAST COMMODORE Trustee or director | 1 | $0 |
| PABLO SANCHIS | GOVERNOR Trustee or director | 1 | $0 |
| JAMIE MCCAUGHAN TOMPKINS | GOVERNOR Trustee or director | 1 | $0 |
| ALEXANDRE FERNAND ULVERT | GOVERNOR Trustee or director | 1 | $0 |
| KENNETH TAYLOR WHITE | GOVERNOR Trustee or director | 1 | $0 |
990 for the year ended March 31, 2024: 24 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DARREN BETZ | GENERAL MANAGER (THROUGH 5/1/2023) Officer | 40 | $205,749 | $16,283 |
| AMERILY CLEMENTE-FALCON | CONTROLLER Officer | 40 | $152,177 | $6,371 |
| MATTHEW MEDRANO | EXECUTIVE CHIEF Highest-paid employee | 40 | $140,479 | $14,104 |
| BRANDON COLLURA | MARINA & FACILITIES DIR. Highest-paid employee | 40 | $129,474 | $19,302 |
| STEPHEN CLARK | F&B DIRECTOR (THROUGH 10/31/2023) Highest-paid employee | 40 | $124,442 | $161 |
| THOMAS KASSNER | GENERAL MANAGER (AS OF 05/1/2023) Officer | 40 | $86,681 | $1,424 |
| CRISTINA CIURO | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| LUIS FELIPE PORRO | REAR COMMODORE Trustee or director, Officer | 1 | $0 | $0 |
| JORGE B SAN MIGUEL | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| JAVIER J RODRIGUEZ | COMMODORE Trustee or director, Officer | 1 | $0 | $0 |
| EDUARDO L HERNANDEZ | VICE COMMODORE Trustee or director, Officer | 1 | $0 | $0 |
| WILLIAM BULLARD | GOVERNOR Trustee or director | 1 | $0 | $0 |
| AABAD R MELWANI | GOVERNOR Trustee or director | 1 | $0 | $0 |
| JAMIE MCCAUGHAN TOMPKINS | GOVERNOR Trustee or director | 1 | $0 | $0 |
| JESSICA PORTELA | GOVERNOR Trustee or director | 1 | $0 | $0 |
| CLAIRE MUELLER | GOVERNOR Trustee or director | 1 | $0 | $0 |
| ENRIQUE FALLA | GOVERNOR Trustee or director | 1 | $0 | $0 |
| ENRIQUE DILLON | GOVERNOR Trustee or director | 1 | $0 | $0 |
| TODD J GROSS | GOVERNOR Trustee or director | 1 | $0 | $0 |
| PABLO SANCHIS | GOVERNOR Trustee or director | 1 | $0 | $0 |
| KENNETH TAYLOR WHITE | GOVERNOR Trustee or director | 1 | $0 | $0 |
| ALEXANDRE FERNAND ULVERT | GOVERNOR Trustee or director | 1 | $0 | $0 |
| RICHARD M GOLDSTEIN | GOVERNOR Trustee or director | 1 | $0 | $0 |
| RANDOLPH H CLARK | PAST COMMODORE Trustee or director | 1 | $0 | $0 |
990 for the year ended March 31, 2023: 22 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DARREN BETZ | GENERAL MANAGER Officer | 40 | $269,711 | $22,894 |
| JUAN CARLOS ROMERO | SAILING DIRECTOR Highest-paid employee | 40 | $127,122 | $9,378 |
| MATTHEW MEDRANO | EXECUTIVE CHIEF Highest-paid employee | 40 | $128,453 | $7,911 |
| AMERILY CLEMENTE-FALCON | CONTROLLER (AS OF 4/22) Officer | 40 | $96,790 | $1,982 |
| RANDOLPH H CLARK | COMMODORE Trustee or director, Officer | 1 | $0 | $0 |
| JAVIER J RODRIGUEZ | VICE COMMODORE Trustee or director, Officer | 1 | $0 | $0 |
| EDUARDO L HERNANDEZ | REAR COMMODORE Trustee or director, Officer | 1 | $0 | $0 |
| CRISTINA CIURO | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JORGE B SAN MIGUEL | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| ALLISON ENG-PEREZ | GOVERNOR Trustee or director | 1 | $0 | $0 |
| CHRISTINA M CUERVO | GOVERNOR Trustee or director | 1 | $0 | $0 |
| ENRIQUE FALLA | GOVERNOR Trustee or director | 1 | $0 | $0 |
| WILLIAM BULLARD | GOVERNOR Trustee or director | 1 | $0 | $0 |
| RICHARD M GOLDSTEIN | GOVERNOR Trustee or director | 1 | $0 | $0 |
| TODD J GROSS | GOVERNOR Trustee or director | 1 | $0 | $0 |
| MATT PATTULO | GOVERNOR Trustee or director | 1 | $0 | $0 |
| AABAD R MELWANI | GOVERNOR Trustee or director | 1 | $0 | $0 |
| WINNIE PRITCHETT | GOVERNOR Trustee or director | 1 | $0 | $0 |
| JESSICA PORTELA | GOVERNOR Trustee or director | 1 | $0 | $0 |
| ENRIQUE DILLON | GOVERNOR Trustee or director | 1 | $0 | $0 |
| LUIS F DE LA CRUZ | GOVERNOR (PAST COMMODORE) Trustee or director | 1 | $0 | $0 |
| JAMIE MCCAUGHAN TOMPKINS | GOVERNOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 180 HARBOR DR, KEY BISCAYNE, FL 33149-1304
- Principal officer (990 for 2024)
- LUIS FELIPE PORRO, 180 HARBOR DR, KEY BISCAYNE, FL 331491304
- Signed the 990
- JOHN HALULA, TREASURER
- Phone
- (305) 361-9171
- Website
- WWW.KBYC.ORG
- Return prepared by
- RSM US LLP
Mission
KEY BISCAYNE YACHT CLUB, INC. IS A SOCIAL CLUB WHOSE EXEMPT PURPOSE IS TO PROMOTE SOCIAL INTERACTION OF CLUB MEMBERS BY PROVIDING DINING AND RECREATIONAL ACTIVITIES.
Program accomplishments
- THE CLUB PROVIDES RESTAURANT AND DOCK FACILITIES FOR ITS MEMBERS AND THEIR 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 March, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | March 31, 2026 | August 17, 2026 | Not on file |
| 2024 | March 31, 2025 | August 15, 2025 | 990 on file |
| 2023 | March 31, 2024 | August 15, 2024 | 990 on file |
IRS record
- EIN
- 59-0798689
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1965
- Accounting year ends
- March
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $34,583,467
- Income (IRS master file)
- $14,813,329
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | March 2025 | $11,816,408 | $13,584,142 | $34,583,467 | XML |
| 990 | March 2024 | $12,271,886 | $12,457,320 | $33,171,998 | XML |
| 990 | March 2023 | $10,782,604 | $11,760,808 | $30,303,101 | XML |
| 990 | March 2022 | $8,707,921 | $10,535,946 | $26,710,569 | IRS |
| 990 | March 2021 | – | – | – | IRS |
| 990 | March 2020 | – | – | – | IRS |
| 990 | March 2019 | – | – | – | IRS |
| 990 | March 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 59-0798689).
Questions about KEY BISCAYNE YACHT CLUB INC
- What is the EIN of KEY BISCAYNE YACHT CLUB INC?
- The employer identification number (EIN) of KEY BISCAYNE YACHT CLUB INC is 59-0798689.
- Is KEY BISCAYNE YACHT CLUB INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1965.
- Are donations to KEY BISCAYNE YACHT CLUB INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does KEY BISCAYNE 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 KEY BISCAYNE YACHT CLUB INC due?
- The return for tax year 2025 (the year ending March 31, 2026) is due August 17, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did KEY BISCAYNE YACHT CLUB INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended March 2025.
- Who is the principal officer of KEY BISCAYNE YACHT CLUB INC?
- The 990 for the year ended March 31, 2025 names LUIS FELIPE PORRO.
- Who are the officers and directors of KEY BISCAYNE YACHT CLUB INC?
- The 990 for the year ended March 31, 2025 lists 23 people; 5 received compensation from the organization, the highest $334,808 (THOMAS KASSNER, GENERAL MANAGER / COO).
- How much revenue does KEY BISCAYNE YACHT CLUB INC have?
- On its 990 for the year ended March 31, 2025 it reported revenue of $11,816,408, expenses of $13,584,142 and total assets of $34,583,467 at year end.
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