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Nonprofit · EIN 59-1618877

MELBOURNE YACHT CLUB INC

Tax-exempt · MELBOURNE, FL 32901

Financials

$495K$412K2023$526K$422K2024
Revenue Expenses · by fiscal year end
Financials of MELBOURNE YACHT CLUB INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
January 31, 2025990$526,427$422,066$104,361$1,454,973$583,168$871,805
January 31, 2024990$494,787$411,708$83,079$1,407,851$633,902$773,949
Financial details: 990 for the year ended January 31, 2025

Revenue

Contributions, gifts and grants
$165,716
Membership dues
$165,716
Program service revenue
$360,399
Investment income
$0
Other revenue
$312

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$97,853
Salaries, compensation and benefits (total)
$105,746
Professional fundraising fees
$0
Accounting fees
$5,266
Depreciation
$66,220
Program services (functional)
$422,066

Balance sheet and other

Total assets, start of year
$1,407,851
Total assets, end of year
$1,454,973
Total liabilities, end of year
$583,168
Net assets, end of year
$871,805
Land, buildings and equipment
$972,214
Net assets without donor restrictions
$871,805
Gross receipts
$526,427
Employees
17
Year formed
1947
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, 2025, highest compensation first.

NameTitleHours / weekCompensation
Jan McNallyDirector
Trustee or director, Officer
2$0
Sharilyn MarshallSecretary
Trustee or director, Officer
0$0
Pat ReillyTreasurer
Trustee or director, Officer
0$0
990 for the year ended January 31, 2024: 3 people
NameTitleHours / weekCompensation
Robert ScottTreasurer
Trustee or director, Officer
0$0
Sharilyn MarshallSecretary
Trustee or director, Officer
0$0
Jan McNallyDirector
Trustee or director, Officer
2$0

Address and contacts

Address (IRS master file)
1202 RIVER DR, MELBOURNE, FL 32901-7334
In care of
% PAT REILLY
Signed the 990
PAT REILLY, Treasurer
Phone
(321) 768-9921
Return prepared by
Trina W Downey CPA PA

Mission

Stimulate & educate interest in boating and yachting to advance the science of navigation and the art of seamanship, and to promote a fraternal spirit among members and other yachtsmen and clubs.

990 for the year ended January 31, 2025

Program accomplishments

  • To educate the general public and the members on the benefits of boating and yachting.
    Expenses $422,066

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 yearYear endedDueIRS public records
2025January 31, 2026June 15, 2026Not on file
2024January 31, 2025June 16, 2025990 on file
2023January 31, 2024June 17, 2024990 on file

IRS record

EIN
59-1618877
Tax-exempt status
501(c)(7): Social or recreational club
Donations deductible
No
Exempt since
1976
Accounting year ends
January
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,454,973
Income (IRS master file)
$526,427

Filing history

FormYear endedRevenueExpensesAssetsReturn
990January 2025$526,427$422,066$1,454,973XML
990January 2024$494,787$411,708$1,407,851XML
990January 2023$394,713$319,810$1,377,786IRS
990January 2022$295,359$244,321$1,318,229IRS
990January 2021–––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 59-1618877).

Questions about MELBOURNE YACHT CLUB INC

What is the EIN of MELBOURNE YACHT CLUB INC?
The employer identification number (EIN) of MELBOURNE YACHT CLUB INC is 59-1618877.
Is MELBOURNE YACHT CLUB INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1976.
Are donations to MELBOURNE YACHT CLUB INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does MELBOURNE 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 MELBOURNE YACHT CLUB INC due?
The return for tax year 2025 (the year ending January 31, 2026) is due June 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did MELBOURNE YACHT CLUB INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended January 2025.
Who are the officers and directors of MELBOURNE YACHT CLUB INC?
The 990 for the year ended January 31, 2025 lists 3 people; 0 received compensation from the organization.
How much revenue does MELBOURNE YACHT CLUB INC have?
On its 990 for the year ended January 31, 2025 it reported revenue of $526,427, expenses of $422,066 and total assets of $1,454,973 at year end.

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