Nonprofit · EIN 72-0323180
SOUTHERN YACHT CLUB
Tax-exempt · NEW ORLEANS, LA 70124
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $7,812,739 | $5,899,643 | $1,913,096 | $20,760,322 | $6,724,085 | $14,036,237 |
| December 31, 2023 | 990 | $5,992,772 | $5,745,584 | $247,188 | $15,616,530 | $3,493,389 | $12,123,141 |
| December 31, 2022 | 990 | $5,360,268 | $5,218,837 | $141,431 | $14,362,245 | $2,486,292 | $11,875,953 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $3,064,330
- Membership dues
- $3,064,330
- Program service revenue
- $3,041,213
- Investment income
- $117,604
- Net gain from sales of assets
- $2,250
- Net income from sales of inventory
- $1,472,295
- Other revenue
- $1,589,592
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $338,302
- Other salaries and wages
- $2,059,847
- Salaries, compensation and benefits (total)
- $2,655,549
- Professional fundraising fees
- $0
- Legal fees
- $27,176
- Accounting fees
- $16,400
- Occupancy
- $450,018
- Depreciation
- $666,107
Balance sheet and other
- Total assets, start of year
- $15,616,530
- Total assets, end of year
- $20,760,322
- Total liabilities, end of year
- $6,724,085
- Net assets, end of year
- $14,036,237
- Land, buildings and equipment
- $10,497,202
- Net assets without donor restrictions
- $14,036,237
- Gross unrelated business income
- $115,354
- Gross receipts
- $8,789,602
- Employees
- 115
- Volunteers
- 0
- Year formed
- 1849
- State of legal domicile
- LA
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 | Other / benefits |
|---|---|---|---|---|
| EDWARD GASKELL III | GENERAL MANAGER Highest-paid employee | 40 | $222,646 | $18,129 |
| CHRISTIAN ROSSIT | EXECUTIVE CHEF Highest-paid employee | 40 | $115,656 | $8,724 |
| ROBERT D FRIEND | BOARD MEMBER Trustee or director | 5 | $0 | $0 |
| TIMOTHY B MOLONY MD | COMMODORE Trustee or director, Officer | 5 | $0 | $0 |
| JAMES R SANCHEZ JR | VICE COMMODORE Trustee or director, Officer | 5 | $0 | $0 |
| NATHAN P ADAMS III | REAR COMMODORE Trustee or director, Officer | 5 | $0 | $0 |
| DAN SULLIVAN | BOARD MEMBER Trustee or director | 5 | $0 | $0 |
| ANNE DAVID | BOARD MEMBER Trustee or director | 5 | $0 | $0 |
| PETER GAMBEL | BOARD MEMBER Trustee or director | 5 | $0 | $0 |
| GENE SIMON | BOARD MEMBER Trustee or director | 5 | $0 | $0 |
| WM CHRISTIAN GAMBEL JR | SECRETARY/TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| HARRY G BARKERDING | BOARD MEMBER Trustee or director | 5 | $0 | $0 |
| CHARLES A MEADE | BOARD MEMBER Trustee or director | 5 | $0 | $0 |
| JOHN L MOSS JR | BOARD MEMBER Trustee or director | 5 | $0 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| EDWARD GASKELL III | GENERAL MANAGER Highest-paid employee | 40 | $222,073 | $1,500 |
| CHRISTIAN ROSSIT | EXECUTIVE CHEF Highest-paid employee | 40 | $121,576 | $0 |
| ROBERT D FRIEND | COMMODORE Trustee or director, Officer | 5 | $0 | $0 |
| TIMOTHY B MOLONY MD | VICE COMMODORE Trustee or director, Officer | 5 | $0 | $0 |
| JAMES R SANCHEZ JR | REAR COMMODORE Trustee or director, Officer | 5 | $0 | $0 |
| NATHAN P ADAMS III | SECRETARY/TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| TIM ALFORTISH | BOARD MEMBER Trustee or director | 5 | $0 | $0 |
| JOSEPH O KUEBEL III MD | BOARD MEMBER Trustee or director | 5 | $0 | $0 |
| DAN SULLIVAN | BOARD MEMBER Trustee or director | 5 | $0 | $0 |
| ANNE DAVID | BOARD MEMBER Trustee or director | 5 | $0 | $0 |
| PETER GAMBEL | BOARD MEMBER Trustee or director | 5 | $0 | $0 |
| JEFFREY HUSEMAN | BOARD MEMBER Trustee or director | 5 | $0 | $0 |
| GENE SIMON | BOARD MEMBER Trustee or director | 5 | $0 | $0 |
| CHRISTOPHER M WILKE | BOARD MEMBER Trustee or director | 5 | $0 | $0 |
990 for the year ended December 31, 2022: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| EDWARD GASKELL III | GENERAL MANAGER Highest-paid employee | 40 | $210,779 |
| CHRISTIAN ROSSIT | EXECUTIVE CHEF Highest-paid employee | 40 | $114,151 |
| ROBERT D FRIEND | COMMODORE Trustee or director, Officer | 5 | $0 |
| TIMOTHY B MOLONY MD | VICE COMMODORE Trustee or director, Officer | 5 | $0 |
| JAMES R SANCHEZ JR | REAR COMMODORE Trustee or director, Officer | 5 | $0 |
| NATHAN P ADAMS III | SECRETARY/TREASURER Trustee or director, Officer | 5 | $0 |
| BOB KOTTLER | BOARD MEMBER Trustee or director | 5 | $0 |
| MAMSIE MANARD | BOARD MEMBER Trustee or director | 5 | $0 |
| COMMODORE RICHARD D PROVENSAL | BOARD MEMBER Trustee or director | 5 | $0 |
| CHRISTIAN GAMBEL | BOARD MEMBER Trustee or director | 5 | $0 |
| BOB HUGHES | BOARD MEMBER Trustee or director | 5 | $0 |
| TIM ALFORTISH | BOARD MEMBER Trustee or director | 5 | $0 |
| JOSEPH O KUEBEL III MD | BOARD MEMBER Trustee or director | 5 | $0 |
| DAN SULLIVAN | BOARD MEMBER Trustee or director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 105 N ROADWAY ST, NEW ORLEANS, LA 70124-1633
- In care of
- % MANDY SOLOMON
- Principal officer (990 for 2024)
- ED GASKELL, 105 NORTH ROADWAY STREET, NEW ORLEANS, LA 70124
- Signed the 990
- ED GASKELL, GENERAL MANAGER
- Phone
- (504) 288-4200
- Website
- WWW.SOUTHERNYACHTCLUB.ORG
- Return prepared by
- ERICKSEN KRENTEL LLP
Mission
TO PROMOTE THE SPORT OF SAILING. THE CLUB PROVIDES FACILITIES FOR STORING AND MAINTAINING BOATS AND BOATING EQUIPMENT. THE CLUB PROVIDES INSTRUCTION IN THE SCIENCE OF SAILING AND RACING. IT SPONSORS REGATTAS AND EVENTS TO ENCOURAGE PARTICIPATION IN SAILING. THE CLUB ALSO PROVIDES ITS CLUBHOUSE FACILITIES TO FOSTER SOCIAL INTERACTION.
Program accomplishments
- PROVIDES FACILITIES FOR MEMBERS TO FOSTER SOCIAL INTERACTION.
- PROVIDES FACILITIES FOR STORING AND MAINTAINING BOATS.
- PROVIDES INSTRUCTIONS IN THE SCIENCE OF SAILING.
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
- 72-0323180
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1942
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $20,760,322
- Income (IRS master file)
- $8,789,602
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $7,812,739 | $5,899,643 | $20,760,322 | XML |
| 990 | December 2023 | $5,992,772 | $5,745,584 | $15,616,530 | XML |
| 990 | December 2022 | $5,360,268 | $5,218,837 | $14,362,245 | XML |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 72-0323180).
Questions about SOUTHERN YACHT CLUB
- What is the EIN of SOUTHERN YACHT CLUB?
- The employer identification number (EIN) of SOUTHERN YACHT CLUB is 72-0323180.
- Is SOUTHERN YACHT CLUB tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1942.
- Are donations to SOUTHERN YACHT CLUB tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does SOUTHERN 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 SOUTHERN 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 SOUTHERN 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 SOUTHERN YACHT CLUB?
- The 990 for the year ended December 31, 2024 names ED GASKELL.
- Who are the officers and directors of SOUTHERN YACHT CLUB?
- The 990 for the year ended December 31, 2024 lists 14 people; 2 received compensation from the organization, the highest $222,646 (EDWARD GASKELL III, GENERAL MANAGER).
- How much revenue does SOUTHERN YACHT CLUB have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $7,812,739, expenses of $5,899,643 and total assets of $20,760,322 at year end.
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