Nonprofit · EIN 59-1159107
SMYRNA YACHT CLUB
Tax-exempt · NEW SMYRNA, FL 32168
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,007,573 | $2,962,466 | $45,107 | $4,584,038 | $1,168,572 | $3,415,466 |
| December 31, 2023 | 990 | $2,941,210 | $2,870,186 | $71,024 | $4,464,776 | $1,094,417 | $3,370,359 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,043,639
- Investment income
- $38,142
- Net income from sales of inventory
- $917,197
- Other revenue
- $925,792
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $298,012
- Other salaries and wages
- $949,597
- Salaries, compensation and benefits (total)
- $1,493,174
- Professional fundraising fees
- $0
- Occupancy
- $102,756
- Travel
- $6,543
- Depreciation
- $413,326
Balance sheet and other
- Total assets, start of year
- $4,464,776
- Total assets, end of year
- $4,584,038
- Total liabilities, end of year
- $1,168,572
- Net assets, end of year
- $3,415,466
- Land, buildings and equipment
- $2,477,009
- Gross unrelated business income
- $188,783
- Gross receipts
- $3,670,662
- Employees
- 62
- Volunteers
- 159
- Year formed
- 1928
- 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 |
|---|---|---|---|---|
| JUSTIN WRIGHT | GENERAL MANAGER UNTIL 9/22/24 Officer | 50 | $112,129 | $18,283 |
| JIM JACKSON | CONTROLLER Officer | 40 | $116,877 | $12,058 |
| MATTHEW LEFEVER | GENERAL MANAGER AS OF 10/28/2024 Officer | 50 | $26,962 | $4,524 |
| BILL ROBINSON | COMMODORE Trustee or director, Officer | 15 | $0 | $0 |
| CHRISTINE ELNITSKY | VICE-COMMODORE Trustee or director, Officer | 5 | $0 | $0 |
| TIM PAYNE | REAR-COMMODORE Trustee or director, Officer | 5 | $0 | $0 |
| BERNIE MCCARTHY | SECRETARY Trustee or director, Officer | 5 | $0 | $0 |
| DAVE HOFFMAN | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| CHIP BEEDLE | GOVERNOR Trustee or director | 2 | $0 | $0 |
| DEBBIE KIELY | FLEET CAPTAIN/GOVERNOR Trustee or director | 2 | $0 | $0 |
| RANDY HARTMAN | GOVERNOR Trustee or director | 2 | $0 | $0 |
| KAREN NORTH | GOVERNOR Trustee or director | 2 | $0 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JUSTIN WRIGHT | GENERAL MANAGER Officer | 50 | $152,000 | $24,112 |
| JIM JACKSON | CONTROLLER Officer | 40 | $107,275 | $11,584 |
| KAREN NORTH | COMMODORE Trustee or director, Officer | 15 | $0 | $0 |
| BILL ROBINSON | VICE-COMMODORE Trustee or director, Officer | 5 | $0 | $0 |
| CHRISTINE ELNITSKY | REAR-COMMODORE Trustee or director, Officer | 5 | $0 | $0 |
| TIM PAYNE | SECRETARY Trustee or director, Officer | 5 | $0 | $0 |
| BERNIE MCCARTHY | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| BRIAN FLORA | FLEET CAPTAIN/GOVERNOR Trustee or director | 2 | $0 | $0 |
| DAVE HOFFMAN | GOVERNOR Trustee or director | 2 | $0 | $0 |
| JON ROSENBERG | GOVERNOR Trustee or director | 2 | $0 | $0 |
| CHIP BEEDLE | GOVERNOR Trustee or director | 2 | $0 | $0 |
| JOE CRONIN | COMMODORE UNTIL JAN 2023 Trustee or director, Officer | 15 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1201 S RIVERSIDE DR, NEW SMYRNA, FL 32168-7706
- Principal officer (990 for 2024)
- JIM JACKSON, 1201 S RIVERSIDE DR, NEW SMYRNA BEACH, FL 321687706
- Signed the 990
- CHARLES HARTMAN, TREASURER
- Phone
- (386) 427-4040
- Website
- WWW.SMYRNAYACHTCLUB.COM
- Return prepared by
- JAMES MOORE & COPL
Mission
NONE
Program accomplishments
- PROVIDE MEMBER FACILITIES AND ACTIVITIES, WHICH INCLUDE A CLUBHOUSE, 81 DOCK SPACES, AND VARIOUS OTHER AMENITIES. WE HAVE A LONG HISTORY OF WHICH WE ARE PROUD, AND CONTINUE TO CARRY OUR LEGACY FORWARD TO THE FUTURE.
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
- 59-1159107
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1980
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $4,584,038
- Income (IRS master file)
- $3,670,662
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,007,573 | $2,962,466 | $4,584,038 | XML |
| 990 | December 2023 | $2,941,210 | $2,870,186 | $4,464,776 | XML |
| 990 | December 2022 | $2,427,616 | $2,392,400 | $4,246,479 | 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 59-1159107).
Questions about SMYRNA YACHT CLUB
- What is the EIN of SMYRNA YACHT CLUB?
- The employer identification number (EIN) of SMYRNA YACHT CLUB is 59-1159107.
- Is SMYRNA YACHT CLUB tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1980.
- Are donations to SMYRNA YACHT CLUB tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does SMYRNA 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 SMYRNA 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 SMYRNA 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 SMYRNA YACHT CLUB?
- The 990 for the year ended December 31, 2024 names JIM JACKSON.
- Who are the officers and directors of SMYRNA YACHT CLUB?
- The 990 for the year ended December 31, 2024 lists 12 people; 3 received compensation from the organization, the highest $112,129 (JUSTIN WRIGHT, GENERAL MANAGER UNTIL 9/22/24).
- How much revenue does SMYRNA YACHT CLUB have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,007,573, expenses of $2,962,466 and total assets of $4,584,038 at year end.
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