Nonprofit · EIN 59-2141303
PALM BEACH SAILING CLUB INC
Tax-exempt · WEST PALM BCH, FL 33407
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,052,185 | $1,078,224 | -$26,039 | $1,025,049 | $637,545 | $387,504 |
| December 31, 2023 | 990 | $1,046,476 | $1,004,355 | $42,121 | $1,075,342 | $661,799 | $413,543 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $455,800
- Membership dues
- $434,247
- Program service revenue
- $611,188
- Investment income
- $855
- Net rental income
- -$15,658
- Other revenue
- -$15,658
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $107,093
- Other salaries and wages
- $408,529
- Salaries, compensation and benefits (total)
- $549,093
- Professional fundraising fees
- $0
- Legal fees
- $7,280
- Occupancy
- $102,733
- Depreciation
- $41,203
- Program services (functional)
- $771,092
- Management and general (functional)
- $307,132
Balance sheet and other
- Total assets, start of year
- $1,075,342
- Total assets, end of year
- $1,025,049
- Total liabilities, end of year
- $637,545
- Net assets, end of year
- $387,504
- Land, buildings and equipment
- $934,531
- Net assets without donor restrictions
- $387,504
- Gross unrelated business income
- -$14,803
- Gross receipts
- $1,073,943
- Employees
- 30
- Volunteers
- 36
- Year formed
- 1979
- 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 |
|---|---|---|---|
| Tim McCain | Club Manager Trustee or director, Key employee | 40 | $80,000 |
| Anita Cleland | Secretary Trustee or director, Officer | 15 | $27,093 |
| Kevin Killough | Fleet Captain Trustee or director | 5 | $0 |
| Barry Roberts | Director Trustee or director | 1 | $0 |
| Michael Dobbelaere | Director Trustee or director | 1 | $0 |
| Katie Richelli | Director Trustee or director | 1 | $0 |
| Ross Harness | Director Trustee or director | 1 | $0 |
| Alex Hill | Past Commodore Trustee or director, Officer | 5 | $0 |
| Maurie Rosenberg | Rear Commodore Trustee or director, Officer | 5 | $0 |
| George Paddick | Vice Commodore Trustee or director, Officer | 3 | $0 |
| John Hough | Commodore Trustee or director, Officer | 1 | $0 |
| Aaron Wormus | Vice Commodore Elect Trustee or director, Officer | 1 | $0 |
| Chris Eichmann | Treasurer Officer | 1 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Michael Dobbelaere | Director Trustee or director | 1 | $0 |
| Barry Roberts | Director Trustee or director | 1 | $0 |
| Quincy Bruckerhoff | Past Commodore Trustee or director | 5 | $0 |
| Tim McCain | Director Trustee or director | 1 | $0 |
| Ross Harness | Director Trustee or director | 1 | $0 |
| Katie Richelli | Director Trustee or director | 1 | $0 |
| Kevin Killough | Fleet Captain Trustee or director | 5 | $0 |
| Maurie Rosenberg | Rear Commodore Trustee or director, Officer | 5 | $0 |
| Alex Hill | Commodore Trustee or director, Officer | 5 | $0 |
| Aaron Wormus | Vice Commodore Elect Trustee or director, Officer | 1 | $0 |
| Anita Cleland | Secretary Trustee or director, Officer | 5 | $0 |
| John Hough | Treasurer Trustee or director, Officer | 1 | $0 |
| George Paddick | Vice Commodore Trustee or director, Officer | 3 | $0 |
Address and contacts
- Address (IRS master file)
- 4600 N FLAGLER DR, WEST PALM BCH, FL 33407-2948
- In care of
- % JOHN HOUGH
- Signed the 990
- JOHN HOUGH, Commodore
- Phone
- (561) 881-0809
- Website
- www.pbsail.org
- Return prepared by
- DiSalvo & Associates PLLC
Mission
To develop, encourage and stimulate interest in sailing in the Palm Beach area, to promote fellowship and comradery among local and visiting sailors and offer sailing education and training to members and others approved for training by the Board of Directors.
Program accomplishments
- Adult and Child Sailing and Boat activities - Sailing for all members includes lessons and other instructional programs open to the general public. Instructional and recreational sailing programs for the youthExpenses $762,923 · revenue $495,762
- Social - Parties for recreation. Meetings to have Guest Speakers related to sailing, open to all members and their guests.Expenses $8,169 · revenue $23,083
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
- 59-2141303
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Exempt since
- 1984
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,025,049
- Income (IRS master file)
- $1,073,943
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,052,185 | $1,078,224 | $1,025,049 | XML |
| 990 | December 2023 | $1,046,476 | $1,004,355 | $1,075,342 | XML |
| 990 | December 2022 | $851,876 | $819,780 | $1,110,746 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 59-2141303).
Questions about PALM BEACH SAILING CLUB INC
- What is the EIN of PALM BEACH SAILING CLUB INC?
- The employer identification number (EIN) of PALM BEACH SAILING CLUB INC is 59-2141303.
- Is PALM BEACH SAILING CLUB INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1984.
- Which annual return does PALM BEACH SAILING 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 PALM BEACH SAILING CLUB INC 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 PALM BEACH SAILING CLUB INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who are the officers and directors of PALM BEACH SAILING CLUB INC?
- The 990 for the year ended December 31, 2024 lists 13 people; 2 received compensation from the organization, the highest $80,000 (Tim McCain, Club Manager).
- How much revenue does PALM BEACH SAILING CLUB INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,052,185, expenses of $1,078,224 and total assets of $1,025,049 at year end.
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