Nonprofit · EIN 81-1067972
PORTLAND YACHT CLUB YOUTH SAILING SCHOLARSHIP
Tax-exempt (reinstated) · PORTLAND, OR 97211
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $27,479 | $36,570 | -$9,091 | $37,662 | – | $37,662 |
| December 31, 2024 | 990-EZ | $70,577 | $33,256 | $37,321 | $46,753 | – | $46,753 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $25,983
- Investment income
- $1,496
Expenses
- Grants and similar amounts paid
- $36,077
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $200
- Other expenses
- $293
Balance sheet and other
- Total assets, start of year
- $46,753
- Total assets, end of year
- $37,662
- Total liabilities, end of year
- –
- Net assets, end of year
- $37,662
- Cash, savings and investments
- $37,662
- Gross receipts
- $27,479
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-EZ for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN COLBY | PRESIDENT-CHAIR | 2 | $0 |
| MARK MCCUDDY | TREASURER | 0 | $0 |
| WILLIAM FARR | DIRECTOR | 0 | $0 |
| PAM SESAR | DIRECTOR | 0 | $0 |
| TOM KLELLY | DIRECTOR | 0 | $0 |
990-EZ for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN COLBY | PRESIDENT-CHAIR | 2 | $0 |
| MARK MCCUDDY | TREASURER | 0 | $0 |
| WILLIAM FARR | DIRECTOR | 0 | $0 |
| PAM SESAR | DIRECTOR | 0 | $0 |
| TOM KLELLY | DIRECTOR | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 1241 NE MARINE DR, PORTLAND, OR 97211-1109
- Mailing address (990-N for 2023)
- 1241 NE Marine Drive, Portland OR 97211
- Principal officer (990-N for 2023)
- John Colby, 13881 Knaus Road, Lake Oswego OR 97034
- Signed the 990-EZ
- JOHN D COLBY, PRESIDENT
- Phone
- (503) 285-1922
- Return prepared by
- JERRY J YOUNG CPA
Mission
PROVIDE SCHOLARSHIPS FOR SAILING LESSONS
Program accomplishments
- SCHOLARSHIPS TO APPROXIMATELY 71 STUDENTS FOR SAILING LESSONS
- PROVIDE FUNDS FOR WIND OAR, AN ORGANIZATION THAT SERVES UNREPRESENTED YOUTH WITH WATER SAFETY AND BOAT BUILDING SKILLS.
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-N on file |
IRS record
- EIN
- 81-1067972
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2019
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Recreation and sports (N67)
- Assets (IRS master file)
- $37,662
- Income (IRS master file)
- $27,479
Revocation and reinstatement
- Exemption revoked
- May 15, 2019
- Posted by the IRS
- August 12, 2019
- Reinstated
- Effective May 15, 2019
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $27,479 | $36,570 | $37,662 | XML |
| 990-EZ | December 2024 | $70,577 | $33,256 | $46,753 | IRS |
| 990-N for 2023 Officer: John Colby | December 31, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2022 Officer: Randall Duncan | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2021 Officer: Randall L Duncan | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2020 Officer: John Colby | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
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 81-1067972).
Questions about PORTLAND YACHT CLUB YOUTH SAILING SCHOLARSHIP
- What is the EIN of PORTLAND YACHT CLUB YOUTH SAILING SCHOLARSHIP?
- The employer identification number (EIN) of PORTLAND YACHT CLUB YOUTH SAILING SCHOLARSHIP is 81-1067972.
- Is PORTLAND YACHT CLUB YOUTH SAILING SCHOLARSHIP tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2019 and reinstated it effective May 15, 2019.
- Are donations to PORTLAND YACHT CLUB YOUTH SAILING SCHOLARSHIP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PORTLAND YACHT CLUB YOUTH SAILING SCHOLARSHIP file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of PORTLAND YACHT CLUB YOUTH SAILING SCHOLARSHIP 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 PORTLAND YACHT CLUB YOUTH SAILING SCHOLARSHIP last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who is the principal officer of PORTLAND YACHT CLUB YOUTH SAILING SCHOLARSHIP?
- The 990-N for 2023 names John Colby.
- Who are the officers and directors of PORTLAND YACHT CLUB YOUTH SAILING SCHOLARSHIP?
- The 990-EZ for the year ended December 31, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does PORTLAND YACHT CLUB YOUTH SAILING SCHOLARSHIP have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $27,479, expenses of $36,570 and total assets of $37,662 at year end.
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