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Nonprofit · EIN 62-0156435

CHATTANOOGA YACHT CLUB

Tax-exempt · CHATTANOOGA, TN 37416

Financials

$819K$806K2023$820K$857K2024
Revenue Expenses · by fiscal year end
Financials of CHATTANOOGA YACHT CLUB by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$820,072$856,663-$36,591$2,380,048$77,749$2,302,299
December 31, 2023990$818,547$806,055$12,492$2,484,043$145,153$2,338,890
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$535,044
Investment income
$12,704
Net income from sales of inventory
$13,804
Other revenue
$272,324

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$276,221
Professional fundraising fees
$0
Accounting fees
$11,232
Depreciation
$174,538
Program services (functional)
$840,298
Management and general (functional)
$16,365

Balance sheet and other

Total assets, start of year
$2,484,043
Total assets, end of year
$2,380,048
Total liabilities, end of year
$77,749
Net assets, end of year
$2,302,299
Land, buildings and equipment
$1,775,714
Gross unrelated business income
$12,704
Gross receipts
$981,187
Employees
17
Volunteers
0
Year formed
1925
State of legal domicile
TN

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.

NameTitleHours / weekCompensation
SCOTT HOLDENDIRECTOR
Trustee or director
0$0
CHRIS BURTONDIRECTOR
Trustee or director
0$0
JOE CONNORDIRECTOR
Trustee or director
0$0
RANDY FINNELLDIRECTOR
Trustee or director
0$0
KEITH CLINGANPRESIDENT
Officer
0$0
ROBERT KIRBYVICE PRESIDENT
Officer
0$0
LARRY BENTLEYTREASURER
Officer
0$0
BOB MCKENZIESECRETARY
Officer
0$0
STUART NELSONCOMMODORE
Officer
0$0
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensation
SCOTT HOLDENDIRECTOR
Trustee or director
0$0
CHRIS BURTONDIRECTOR
Trustee or director
0$0
JOE CONNORDIRECTOR
Trustee or director
0$0
RANDY FINNELLDIRECTOR
Trustee or director
0$0
STUART NELSONDIRECTOR
Trustee or director
0$0
KEITH CLINGANPRESIDENT
Officer
0$0
ROBERT KIRBYVICE PRESIDENT
Officer
0$0
LARRY BENTLEYTREASURER
Officer
0$0
BOB MCKENZIESECRETARY
Officer
0$0

Address and contacts

Address (IRS master file)
9400 N HICKORY VALLEY RD, CHATTANOOGA, TN 37416-1316
Principal officer (990 for 2024)
KEITH CLINGAN, 9400 N HICKORY VALLEY ROAD, CHATTANOOGA, TN 374161316
Signed the 990
LARRY BENTLEY, TREASURER
Phone
(423) 344-6033
Return prepared by
G R RUSH & COMPANY PLLC CPA'S

Mission

NONE

990 for the year ended December 31, 2024

Program accomplishments

  • OPERATION OF YACHT CLUB FOR MEMBERS.
    Expenses $840,298 · revenue $807,368

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
62-0156435
Tax-exempt status
501(c)(7): Social or recreational club
Donations deductible
No
Exempt since
1936
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$2,380,048
Income (IRS master file)
$981,187

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$820,072$856,663$2,380,048XML
990December 2023$818,547$806,055$2,484,043XML
990December 2022$807,125$684,051$2,587,127IRS
990December 2021–––IRS
990December 2020–––IRS
990December 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 62-0156435).

Questions about CHATTANOOGA YACHT CLUB

What is the EIN of CHATTANOOGA YACHT CLUB?
The employer identification number (EIN) of CHATTANOOGA YACHT CLUB is 62-0156435.
Is CHATTANOOGA YACHT CLUB tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1936.
Are donations to CHATTANOOGA YACHT CLUB tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does CHATTANOOGA 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 CHATTANOOGA 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 CHATTANOOGA 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 CHATTANOOGA YACHT CLUB?
The 990 for the year ended December 31, 2024 names KEITH CLINGAN.
Who are the officers and directors of CHATTANOOGA YACHT CLUB?
The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
How much revenue does CHATTANOOGA YACHT CLUB have?
On its 990 for the year ended December 31, 2024 it reported revenue of $820,072, expenses of $856,663 and total assets of $2,380,048 at year end.

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