Nonprofit · EIN 59-1164934
MARATHON YACHT CLUB
Tax-exempt · MARATHON, FL 33050
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| January 31, 2026 | 990 | $655,673 | $654,480 | $1,193 | $1,004,065 | $32,498 | $971,567 |
| January 31, 2025 | 990 | $669,648 | $623,894 | $45,754 | $1,404,763 | $477,204 | $927,559 |
| January 31, 2024 | 990 | $779,345 | $740,978 | $38,367 | $1,330,754 | $450,473 | $880,281 |
Financial details: 990 for the year ended January 31, 2026
Revenue
- Contributions, gifts and grants
- $422,152
- Membership dues
- $422,152
- Program service revenue
- $151,755
- Investment income
- $12,306
- Net income from sales of inventory
- $58,791
- Other revenue
- $69,460
Expenses
- Grants and similar amounts paid
- $7,029
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $180,885
- Salaries, compensation and benefits (total)
- $237,222
- Professional fundraising fees
- $0
- Accounting fees
- $3,800
- Occupancy
- $169,778
- Travel
- $164
- Depreciation
- $55,831
- Program services (functional)
- $654,480
Balance sheet and other
- Total assets, start of year
- $1,404,763
- Total assets, end of year
- $1,004,065
- Total liabilities, end of year
- $32,498
- Net assets, end of year
- $971,567
- Land, buildings and equipment
- $600,125
- Net assets without donor restrictions
- $971,567
- Gross unrelated business income
- $24,809
- Gross receipts
- $1,107,266
- Employees
- 0
- Year formed
- 1981
- 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 January 31, 2026, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Tim Tychan | Rear Commodore Trustee or director | 5 | $0 |
| Ray Wood | Commodore Trustee or director, Officer | 15 | $0 |
| Mary Rice | Secretary Trustee or director, Officer | 5 | $0 |
| Hugh Reams | Treasurer Trustee or director | 1 | $0 |
| Carol Shattuck | Vice Commodore Trustee or director, Officer | 5 | $0 |
990 for the year ended January 31, 2025: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jeff Skoda | Past Commodore Trustee or director, Officer | 1 | $0 |
| Ray Wood | Commodore Trustee or director, Officer | 15 | $0 |
| Rosemary Thomas | Trustee Trustee or director | 5 | $0 |
| Mary Rice | Secretary Trustee or director, Officer | 5 | $0 |
| Hugh Reams | Treasurer Trustee or director | 1 | $0 |
| Carol Shattuck | Vice Commodore Trustee or director, Officer | 5 | $0 |
990 for the year ended January 31, 2024: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jeff Skoda | Commodore Trustee or director, Officer | 20 | $0 |
| Bill Warner | Vice Commodore Trustee or director, Officer | 15 | $0 |
| Ray Wood | Rear Commodore Trustee or director, Officer | 10 | $0 |
| Rosemary Thomas | Director Trustee or director | 1 | $0 |
| Tom Wright | Chair Trustee or director | 1 | $0 |
| Sandy Yenik | Past Commodore Trustee or director, Officer | 1 | $0 |
| Mary Rice | Secretary Trustee or director, Officer | 5 | $0 |
| Loyal Eldridge | Treasurer Trustee or director, Officer | 5 | $0 |
| Tim Tychan | Director Trustee or director | 1 | $0 |
| Norm Oestrike | Director Trustee or director | 1 | $0 |
| Betsy Lefler | Director Trustee or director | 1 | $0 |
| Hugh Reams | Director Trustee or director | 1 | $0 |
| Carl Carlson | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 825 33RD ST, MARATHON, FL 33050-2301
- Principal officer (990 for 2025)
- Hugh Reams, 825 33rd St, Marathon, FL 33050
- Signed the 990
- Hugh Reams, Treasurer
- Phone
- (305) 743-6739
- Return prepared by
- Bishop Rosasco & Co
Mission
To bind its members together by a common objective directed at promoting safe and responsible recreation that can be experienced through safe yachting
Program accomplishments
- The club collects revenues related to membership activities which promote community awareness of yachting. Dues and assessments collected serve to augment the club's ability to support safe and responsible yachting. Funds collected at the beginning of each year are set aside to earn interest until they are needed to meet functional needs. The social and community awareness of the club are facilitated by obtaining dockage,food,beverage and related revenue by members and guests at the club's functions. These funds enable the club to fulfill it's exempt purpose as stated in the club's mission statement.Expenses $654,480 · revenue $655,673
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 January, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | January 31, 2026 | June 15, 2026 | 990 on file |
| 2024 | January 31, 2025 | June 16, 2025 | 990 on file |
| 2023 | January 31, 2024 | June 17, 2024 | 990 on file |
IRS record
- EIN
- 59-1164934
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1982
- Accounting year ends
- January
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,004,065
- Income (IRS master file)
- $1,107,266
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | January 2026 | $655,673 | $654,480 | $1,004,065 | XML |
| 990 | January 2025 | $669,648 | $623,894 | $1,404,763 | XML |
| 990 | January 2024 | $779,345 | $740,978 | $1,330,754 | XML |
| 990 | January 2023 | $631,650 | $616,048 | $1,268,661 | IRS |
| 990 | January 2022 | – | – | – | IRS |
| 990 | January 2021 | – | – | – | IRS |
| 990 | January 2019 | – | – | – | IRS |
| 990 | January 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 59-1164934).
Questions about MARATHON YACHT CLUB
- What is the EIN of MARATHON YACHT CLUB?
- The employer identification number (EIN) of MARATHON YACHT CLUB is 59-1164934.
- Is MARATHON YACHT CLUB tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1982.
- Are donations to MARATHON YACHT CLUB tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MARATHON 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 MARATHON YACHT CLUB due?
- The return for tax year 2026 (the year ending January 31, 2027) is due June 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MARATHON YACHT CLUB last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended January 2026.
- Who is the principal officer of MARATHON YACHT CLUB?
- The 990 for the year ended January 31, 2026 names Hugh Reams.
- Who are the officers and directors of MARATHON YACHT CLUB?
- The 990 for the year ended January 31, 2026 lists 5 people; 0 received compensation from the organization.
- How much revenue does MARATHON YACHT CLUB have?
- On its 990 for the year ended January 31, 2026 it reported revenue of $655,673, expenses of $654,480 and total assets of $1,004,065 at year end.
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