Nonprofit · EIN 74-6056547
AUSTIN YACHT CLUB
Tax-exempt · AUSTIN, TX 78734
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,269,446 | $1,288,382 | -$18,936 | $2,489,644 | $74,518 | $2,415,126 |
| December 31, 2023 | 990 | $1,180,348 | $1,244,425 | -$64,077 | $2,472,990 | $51,171 | $2,421,819 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,254,754
- Investment income
- $38,709
- Net rental income
- $14,826
- Net gain from sales of assets
- $8,940
- Net income from sales of inventory
- -$48,314
- Other revenue
- -$24,017
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $259,229
- Salaries, compensation and benefits (total)
- $280,296
- Professional fundraising fees
- $0
- Legal fees
- $1,170
- Accounting fees
- $49,393
- Occupancy
- $85,323
- Travel
- $834
- Depreciation
- $146,516
Balance sheet and other
- Total assets, start of year
- $2,472,990
- Total assets, end of year
- $2,489,644
- Total liabilities, end of year
- $74,518
- Net assets, end of year
- $2,415,126
- Land, buildings and equipment
- $1,384,167
- Net assets without donor restrictions
- $2,415,126
- Gross unrelated business income
- $212,042
- Gross receipts
- $1,380,163
- Employees
- 14
- Volunteers
- 200
- Year formed
- 1955
- 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 |
|---|---|---|---|
| BILL HAWK | COMMODORE Trustee or director, Officer | 10 | $0 |
| RUSS SHERMER | IMMEDIATE PAST COMMODORE Trustee or director, Officer | 10 | $0 |
| RENEE RUAIS | VICE COMMODORE Trustee or director, Officer | 10 | $0 |
| BECKY HESTON | TREASURER Trustee or director, Officer | 10 | $0 |
| LYNN JAEGAR | SECRETARY Trustee or director, Officer | 10 | $0 |
| TERRY SCHERTZ | RACE COMMANDER Trustee or director, Officer | 10 | $0 |
| MIKE BEUERLEIN | HARBOR COMMANDER Trustee or director, Officer | 10 | $0 |
| ROBERT BENNETT | SAIL TRAINING COMMANDER Trustee or director, Officer | 10 | $0 |
| LEWIS PRICE | BUILDINGS & GROUNDS COMMANDER Trustee or director, Officer | 10 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RUSS SHERMER | COMMODORE Trustee or director, Officer | 10 | $0 |
| ANNE MORLEY | IMMEDIATE PAST COMMODORE Trustee or director, Officer | 10 | $0 |
| BILL HAWK | VICE COMMODORE Trustee or director, Officer | 10 | $0 |
| DAVID JAMAIL | TREASURER Trustee or director, Officer | 10 | $0 |
| LYNN JAEGAR | SECRETARY Trustee or director, Officer | 10 | $0 |
| KURT CARSON | RACE COMMANDER Trustee or director, Officer | 10 | $0 |
| TOM GROLL | HARBOR COMMANDER Trustee or director, Officer | 10 | $0 |
| LINDA MCDAVITT | SAIL TRAINING COMMANDER Trustee or director, Officer | 10 | $0 |
| JEFF SABUDA | BUILDINGS & GROUNDS COMMANDER Trustee or director, Officer | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 5906 BEACON DR, AUSTIN, TX 78734-1428
- Principal officer (990 for 2024)
- REBECCA HESTON, 5906 BEACON DRIVE, AUSTIN, TX 78734
- Signed the 990
- REBECCA HESTON, TREASURER
- Phone
- (512) 266-1336
- Website
- AUSTINYACHTCLUB.ORG
- Return prepared by
- ATCHLEY & ASSOCIATES LLP
Mission
THE AUSTIN YACHT CLUB (AYC) IS A PREMIER SAILING CLUB WITH AN EMPHASIS ON SAILBOAT RACING, SAILING EDUCATION, AND SOCIAL ACTIVITIES FOR THE ENTIRE FAMILY. AYC CREATES A FOCUSED AND RELAXED ATMOSPHERE WITH FAMILY ORIENTED ACTIVITIES CENTERED AROUND VOLUNTEERISM IN LEADERSHIP, COMMITTEES, EVENTS, AND ACTIVITIES.
Program accomplishments
- PROMOTION OF RECREATIONAL, SOCIAL, SAILING AND OTHER WATER SPORTS ACTIVITIES ON THE LAKES OF TEXAS.
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
- 74-6056547
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1964
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $2,489,644
- Income (IRS master file)
- $1,380,163
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,269,446 | $1,288,382 | $2,489,644 | XML |
| 990 | December 2023 | $1,180,348 | $1,244,425 | $2,472,990 | XML |
| 990 | December 2022 | $1,155,179 | $1,018,573 | $2,501,797 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 74-6056547).
Questions about AUSTIN YACHT CLUB
- What is the EIN of AUSTIN YACHT CLUB?
- The employer identification number (EIN) of AUSTIN YACHT CLUB is 74-6056547.
- Is AUSTIN YACHT CLUB tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1964.
- Are donations to AUSTIN YACHT CLUB tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does AUSTIN 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 AUSTIN 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 AUSTIN 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 AUSTIN YACHT CLUB?
- The 990 for the year ended December 31, 2024 names REBECCA HESTON.
- Who are the officers and directors of AUSTIN YACHT CLUB?
- The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
- How much revenue does AUSTIN YACHT CLUB have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,269,446, expenses of $1,288,382 and total assets of $2,489,644 at year end.
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