Nonprofit · EIN 74-2491234
PADRE ISLAND YACHT CLUB
Tax-exempt · CORPUS CHRISTI, TX 78418
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $256,605 | $219,459 | $37,146 | $625,554 | $5,823 | $619,731 |
| December 31, 2024 | 990 | $252,667 | $193,670 | $58,997 | $586,450 | $4,705 | $581,745 |
| December 31, 2023 | 990 | $248,910 | $200,111 | $48,799 | $524,618 | $3,170 | $521,448 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $136,009
- Investment income
- $11,600
- Other revenue
- $108,996
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $6,453
- Occupancy
- $127,579
- Depreciation
- $32,100
Balance sheet and other
- Total assets, start of year
- $586,450
- Total assets, end of year
- $625,554
- Total liabilities, end of year
- $5,823
- Net assets, end of year
- $619,731
- Land, buildings and equipment
- $239,596
- Net assets with donor restrictions
- $619,731
- Gross receipts
- $256,605
- Employees
- 0
- Volunteers
- 75
- Year formed
- 1986
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DREW DIGGINS | PAST COMMODORE Officer | 2 | $0 |
| MIKE HETTICK | COMMODORE Officer | 10 | $0 |
| ANN AYLESWORTH | REAR COMMODORE Officer | 2 | $0 |
| LINDA SCHAEFFER | TREASURER Officer | 6 | $0 |
| GAIL IWANIAK | VICE COMMODORE Officer | 20 | $0 |
| LEE ELLEDGE | COMMUNICATIONS DIRECTOR Trustee or director | 3 | $0 |
| TIM LOCKMAN | CRUISE DIRECTOR Trustee or director | 4 | $0 |
| LYNN SILBERBERG | SOCIAL DIRECTOR Trustee or director | 3 | $0 |
| JOAN SCHULTZ | SECRETARY Officer | 2 | $0 |
990 for the year ended December 31, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DREW DIGGINS | PAST COMMODORE Officer | 2 | $0 |
| MIKE HETTICK | COMMODORE Officer | 10 | $0 |
| ANN AYLESWORTH | REAR COMMODORE Officer | 2 | $0 |
| LINDA SCHAEFFER | TREASURER Officer | 6 | $0 |
| GAIL IWANIAK | VICE COMMODORE Officer | 20 | $0 |
| LEE ELLEDGE | COMMUNICATIONS DIRECTOR Trustee or director | 3 | $0 |
| TIM LOCKMAN | CRUISE DIRECTOR Trustee or director | 4 | $0 |
| LYNN SILBERBERG | SOCIAL DIRECTOR Trustee or director | 3 | $0 |
| JOAN SCHULTZ | SECRETARY Officer | 2 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES THOMPSON | PAST COMMODORE Officer | 2 | $0 |
| DREW DIGGINS | COMMODORE Officer | 10 | $0 |
| DEBORAH PACKER | REAR COMMODORE Officer | 8 | $0 |
| LINDA SCHAEFFER | TREASURER Officer | 8 | $0 |
| JUSTIN DAVIS | VICE COMMODORE Officer | 10 | $0 |
| LEE NEITZEL | COMMUNICATIONS DIRECTOR Trustee or director | 2 | $0 |
| MIKE HETTICK | CRUISE DIRECTOR Trustee or director | 2 | $0 |
| KELLY TAGLIAFERO | SOCIAL DIRECTOR Trustee or director | 4 | $0 |
| TODD HUNTER | SECRETARY Officer | 5 | $0 |
| ROBERT ELIZONDO | DOCKMASTER Officer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 14493 SPID, CORPUS CHRISTI, TX 78418-5931
- In care of
- % ELDON TONY VANDERZYL
- Principal officer (990 for 2025)
- LINDA SCHAEFFER, 14493 SPID STE A, CORPUS CHRISTI, TX 78418
- Signed the 990
- RENEE SCHROEDER, TREASURER
- Phone
- (361) 949-2248
- Return prepared by
- SONYA YARBROUGH CPA
Mission
BOATING, EDUCATION, AND RECREATION
Program accomplishments
- BOATER EDUCATION
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 | 990 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
- 74-2491234
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1991
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $625,554
- Income (IRS master file)
- $256,605
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $256,605 | $219,459 | $625,554 | IRS |
| 990 | December 2024 | $252,667 | $193,670 | $586,450 | XML |
| 990 | December 2023 | $248,910 | $200,111 | $524,618 | XML |
| 990 | December 2022 | $199,202 | $163,998 | $471,139 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990-EZ | 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 74-2491234).
Questions about PADRE ISLAND YACHT CLUB
- What is the EIN of PADRE ISLAND YACHT CLUB?
- The employer identification number (EIN) of PADRE ISLAND YACHT CLUB is 74-2491234.
- Is PADRE ISLAND YACHT CLUB tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1991.
- Are donations to PADRE ISLAND YACHT CLUB tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does PADRE ISLAND 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 PADRE ISLAND YACHT CLUB due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PADRE ISLAND YACHT CLUB last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of PADRE ISLAND YACHT CLUB?
- The 990 for the year ended December 31, 2025 names LINDA SCHAEFFER.
- Who are the officers and directors of PADRE ISLAND YACHT CLUB?
- The 990 for the year ended December 31, 2025 lists 9 people; 0 received compensation from the organization.
- How much revenue does PADRE ISLAND YACHT CLUB have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $256,605, expenses of $219,459 and total assets of $625,554 at year end.
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