Nonprofit · EIN 74-0939397
TEXAS CORINTHIAN YACHT CLUB
Tax-exempt · KEMAH, TX 77565
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,175,333 | $2,304,769 | -$129,436 | $4,601,299 | $1,068,527 | $3,532,772 |
| December 31, 2023 | 990 | $2,153,688 | $2,380,602 | -$226,914 | $4,850,648 | $1,188,448 | $3,662,200 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,311,553
- Investment income
- $13,866
- Net rental income
- $30,455
- Net gain from sales of assets
- $11,500
- Net income from sales of inventory
- $819,459
- Other revenue
- $849,914
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $704,296
- Salaries, compensation and benefits (total)
- $841,493
- Professional fundraising fees
- $0
- Accounting fees
- $76,275
- Occupancy
- $188,503
- Depreciation
- $297,871
Balance sheet and other
- Total assets, start of year
- $4,850,648
- Total assets, end of year
- $4,601,299
- Total liabilities, end of year
- $1,068,527
- Net assets, end of year
- $3,532,772
- Land, buildings and equipment
- $3,925,450
- Gross unrelated business income
- $41,263
- Gross receipts
- $2,425,695
- Employees
- 57
- Volunteers
- 45
- Year formed
- 1937
- State of legal domicile
- TX
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 |
|---|---|---|---|---|
| STACY STEGLICH | GENERAL MANAGER Highest-paid employee | 40 | $139,965 | $19,928 |
| MATTHEW WRIGHT | COMMORDORE Trustee or director | 30 | $0 | $0 |
| CLARK THOMPSON | PAST COMMODORE Trustee or director | 20 | $0 | $0 |
| EVANGELINE ATKINSON | VICE COMMODORE Trustee or director | 20 | $0 | $0 |
| PIERCE OWENS | REAR COMMODORE Trustee or director | 10 | $0 | $0 |
| HENRY CONOR JOHNSTON | TREASURER Trustee or director | 20 | $0 | $0 |
| KURTH ANDERSON | FLEET CAPTAIN Trustee or director | 10 | $0 | $0 |
| MILLS BOWMAN | SECRETARY Trustee or director | 10 | $0 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Stacy Steglich | General Mgr Officer | 60 | $139,042 |
| Clark G Thompson Jr | Commodore Trustee or director, Officer | 20 | $0 |
| Carter Perrin | Past Commodore Trustee or director | 5 | $0 |
| Matthew Wright | Vice Commodore Trustee or director, Officer | 15 | $0 |
| Evangeline C Atkinson | Rear Commodore Trustee or director, Officer | 15 | $0 |
| Henry C Johnston | Treasurer Trustee or director, Officer | 15 | $0 |
| Kurth Anderson | Fleet Captain Trustee or director | 5 | $0 |
| Cameron Cureton | Board Governor Trustee or director | 5 | $0 |
| George Masterson | Board Governor Trustee or director | 5 | $0 |
| Peter F Meyer | Secretary Trustee or director, Officer | 10 | $0 |
| Mills Bowman | Board Governor Trustee or director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 577, KEMAH, TX 77565-0577
- Principal officer (990 for 2024)
- FRANK DONNELLY, PO BOX 577, KEMAH, TX 77565
- Signed the 990
- FRANK DONNELLY, TREASURER
- Phone
- (281) 339-1566
- Website
- WWW.TCYC.ORG
- Return prepared by
- CONDON O'MEARA MCGINTY & DONNELLY LLP
Mission
TEXAS CORINTHIAN YACHT CLUB'S MISSION IS TO PROVIDE FOR THE EDUCATION OF ITS MEMBERS AND THEIR FAMILIES IN THE ART OF SAILING, SEAMANSHIP, AND BOAT HANDLING AND RELATED ARTS, AND THE SCIENCE OF NAVIGATION, AND TO PROVIDE AND MAINTAIN THEREFOR A CLUBHOUSE, PIERS, ANCHORAGE AND OTHER FACILITIES RELATED THERETO FOR THE EDUCATION AND RECREATION OF ITS MEMBERS.
Program accomplishments
- TAX EXEMPT CLUB ACTIVITIES.
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
- 74-0939397
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1939
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $4,601,299
- Income (IRS master file)
- $2,425,695
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,175,333 | $2,304,769 | $4,601,299 | XML |
| 990 | December 2023 | $2,153,688 | $2,380,602 | $4,850,648 | XML |
| 990 | December 2022 | $2,819,143 | $2,208,123 | $5,013,012 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 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 74-0939397).
Questions about TEXAS CORINTHIAN YACHT CLUB
- What is the EIN of TEXAS CORINTHIAN YACHT CLUB?
- The employer identification number (EIN) of TEXAS CORINTHIAN YACHT CLUB is 74-0939397.
- Is TEXAS CORINTHIAN YACHT CLUB tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1939.
- Are donations to TEXAS CORINTHIAN YACHT CLUB tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does TEXAS CORINTHIAN 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 TEXAS CORINTHIAN 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 TEXAS CORINTHIAN 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 TEXAS CORINTHIAN YACHT CLUB?
- The 990 for the year ended December 31, 2024 names FRANK DONNELLY.
- Who are the officers and directors of TEXAS CORINTHIAN YACHT CLUB?
- The 990 for the year ended December 31, 2024 lists 8 people; 1 received compensation from the organization, the highest $139,965 (STACY STEGLICH, GENERAL MANAGER).
- How much revenue does TEXAS CORINTHIAN YACHT CLUB have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,175,333, expenses of $2,304,769 and total assets of $4,601,299 at year end.
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