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Nonprofit · EIN 61-1107573

SOMERSET BOAT CLUB INC

Tax-exempt · SOMERSET, KY 42502

Financials

$226K$210K2021$216K$192K2022$241K$270K2023$270K$236K2024$219K$227K2025
Revenue Expenses · by fiscal year end
Financials of SOMERSET BOAT CLUB INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2026990$218,978$227,359-$8,381$310,133$76,500$233,633
June 30, 2025990$269,679$235,521$34,158$295,829$53,815$242,014
June 30, 2024990$240,988$269,651-$28,663$246,132$38,276$207,856
June 30, 2023990$215,986$191,586$24,400$258,713$22,194$236,519
June 30, 2022990$225,632$209,718$15,914$273,912$61,793$212,119
Financial details: 990 for the year ended June 30, 2026

Revenue

Contributions, gifts and grants
$208,163
Membership dues
$179,585
Program service revenue
$0
Investment income
$15
Net rental income
$10,800
Other revenue
$10,800

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$49,545
Salaries, compensation and benefits (total)
$53,908
Professional fundraising fees
$0
Accounting fees
$9,303
Occupancy
$57,934
Depreciation
$26,300
Program services (functional)
$227,359

Balance sheet and other

Total assets, start of year
$295,829
Total assets, end of year
$310,133
Total liabilities, end of year
$76,500
Net assets, end of year
$233,633
Land, buildings and equipment
$177,541
Gross receipts
$218,978
Employees
4
Year formed
1968
State of legal domicile
KY

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 June 30, 2026, highest compensation first.

NameTitleHours / weekCompensation
John J NewCommodore
Officer
20$0
Patrick Boryca IIIVice Commodore
Officer
20$0
Ronda CrawfordSecretary
Officer
8$0
Eddie DeatonTreasurer
Officer
8$0
Sandy SimpsonEntertainment Director
Officer
8$0
990 for the year ended June 30, 2025: 6 people
NameTitleHours / weekCompensation
RALPH L FARMER JrCOMMODORE
Officer
20$0
CARTER ROSS IIIVICE COMMODORE
Officer
20$0
TERRI HUNDLEYSECRETARY
Officer
8$0
EDDIE DEATONTREASURER
Officer
8$0
PAT BORYCAREAR COMMODORE
Officer
8$0
JACK NEWENTERTAINMENT DIRECTOOR
Officer
8$0
990 for the year ended June 30, 2024: 4 people
NameTitleHours / weekCompensation
TERRI HUNDLEYSECRETARY
Officer
8$0
EDDIE DEATONTREASURER
Officer
8$0
RALPH L FARMER JrCOMMODORE
Officer
20$0
CARTER ROSS IIIVICE COMMODORE
Officer
15$0
990 for the year ended June 30, 2023: 4 people
NameTitleHours / weekCompensation
TERRI HUNDLEYSECRETARY
Officer
8$0
EDDIE DEATONTREASURER
Officer
8$0
RALPH L FARMER JrCOMMODORE
Officer
20$0
CARTER ROSS IIIVICE COMMODORE
Officer
15$0
990 for the year ended June 30, 2022: 4 people
NameTitleHours / weekCompensation
TERRI HUNDLEYSECRETARY
Officer
8$0
EDDIE DEATONTREASURER
Officer
8$0
RALPH L FARMER JrCOMMODORE
Officer
20$0
CARTER ROSS IIIVICE COMMODORE
Officer
15$0

Address and contacts

Address (IRS master file)
PO BOX 349, SOMERSET, KY 42502-0349
In care of
% JOHN J NEW
Signed the 990
JOHN J NEW, Commodore
Phone
(606) 305-3130
Return prepared by
Camie R Meece CPA PLLC

Mission

CLUB FOR BOATERS

990 for the year ended June 30, 2026

Program accomplishments

  • UPDATE AND MAINTAIN DOCKS AND FLOTATION FOR MEMBERS
    Expenses $227,359

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 June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026990 on file
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
61-1107573
Tax-exempt status
501(c)(7): Social or recreational club
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$310,133
Income (IRS master file)
$218,978

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2026$218,978$227,359$310,133XML
990June 2025$269,679$235,521$295,829XML
990June 2024$240,988$269,651$246,132XML
990June 2023$215,986$191,586$258,713XML
990June 2022$225,632$209,718$273,912XML
990June 2021–––IRS
990June 2020–––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 61-1107573).

Questions about SOMERSET BOAT CLUB INC

What is the EIN of SOMERSET BOAT CLUB INC?
The employer identification number (EIN) of SOMERSET BOAT CLUB INC is 61-1107573.
Is SOMERSET BOAT CLUB INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(7).
Which annual return does SOMERSET BOAT 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 SOMERSET BOAT CLUB INC due?
The return for tax year 2026 (the year ending June 30, 2027) is due November 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did SOMERSET BOAT CLUB INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2026.
Who are the officers and directors of SOMERSET BOAT CLUB INC?
The 990 for the year ended June 30, 2026 lists 5 people; 0 received compensation from the organization.
How much revenue does SOMERSET BOAT CLUB INC have?
On its 990 for the year ended June 30, 2026 it reported revenue of $218,978, expenses of $227,359 and total assets of $310,133 at year end.

Other nonprofits in SOMERSET

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