Nonprofit · EIN 84-3472052
NORTH EAST KEELBOAT ALLIANCE INC
Tax-exempt · NEW YORK, NY 10023
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,490,737 | $1,622,328 | -$131,591 | $1,335,340 | $76,961 | $1,258,379 |
| December 31, 2023 | 990 | $1,693,056 | $1,509,054 | $184,002 | $1,373,100 | $0 | $1,373,100 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,472,563
- Program service revenue
- $0
- Investment income
- -$9,373
- Net gain from sales of assets
- -$9,412
- Other revenue
- $27,547
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $16,983
- Occupancy
- $5,265
- Travel
- $139,912
- Depreciation
- $163,130
- Program services (functional)
- $1,622,328
Balance sheet and other
- Total assets, start of year
- $1,373,100
- Total assets, end of year
- $1,335,340
- Total liabilities, end of year
- $76,961
- Net assets, end of year
- $1,258,379
- Land, buildings and equipment
- $1,296,490
- Gross receipts
- $2,796,212
- Employees
- 0
- Year formed
- 2019
- State of legal domicile
- NY
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 |
|---|---|---|---|
| LEONID VASSILIEV | PRESIDENT Trustee or director, Officer | 44 | $229,366 |
| RICHARD A ROYCE | TREASURER Trustee or director, Officer | 1 | $2,410 |
| DIANE SCHOTTENSTEIN ESQ | SECRETARY Trustee or director, Officer | – | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LEONID VASSILIEV | PRESIDENT Trustee or director, Officer | – | $0 |
| DIANE SCHOTTENSTEIN ESQ | SECRETARY Trustee or director, Officer | – | $0 |
| RICHARD A ROYCE | TREASURER Trustee or director, Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- 165 W END AVE APT 4D, NEW YORK, NY 10023-5505
- In care of
- % DIANE SCHOTTENSTEIN
- Mailing address (990-N for 2020)
- 165 West End Avenue 4D, New York NY 10023
- Principal officer (990 for 2024)
- LEONID VASSILIEV, 131 OAKWOOD RD, PORT JEFFERSON, NY 11777
- Principal officer (990-N for 2020)
- Leonid Vasiliev, 28 Sound Beach Avenue, Bayville NY 11709
- Signed the 990
- RICHARD A ROYCE, TREASURER
- Phone
- (516) 413-1636
- Website
- NEKASAILING.ORG
- Return prepared by
- NESTOR CHOPIN CPA PLLC
Mission
THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PUPOSES WITHIN THE MEANING OF SECTION 501(C) (3)OF THE CODE. WITHIN THE SCOPE OF THE FOREGOING PURPOSES, THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED AS A QUALIFIED AMATEUR SPORTS ORGANIZATION TO RAISE THE LEVEL OF EXCELLENCE AMONG AMATEUR AMERICAN SAILORS BY SUPPORTING, DEVELOPING AND PREPARING THEM TO COMPETE IN NATIONAL AND INTERNATIONAL COMPETITIONS INCLUDING THE OLYMPIC GAMES AND AMERICA'S CUP. THE ASSETS AND PROPERTIES OF THE CORPORATION ARE HEREBY PLEDGED FOR USE IN PERFORMING ITS EXEMPT FUNCTIONS. THE ACTIVITIES WHICH THE CORPORATION PROPOSES TO CONDUCT WITHIN THE STATE OF NEW YORK ARE AS FOLLOWS: OPERATING OUT OF THE NORTH SHORE OF LONG ISLAND, THE CORPORATION'S INITIAL PROGRAM WILL PAY FOR COACHING, SPONSORING, MAINTAINING, AND PROVIDING SAILBOATS SO THAT ATHLETES CAN TRAIN FOR OFFSHORE SAILBOAT RACING AS THE 2020 OLYMPICS WILL DEBUT A MIXED DOUBLEHANDED OFFSHORE SAILING EVENT.
Program accomplishments
- THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PUPOSES WITHIN THE MEANING OF SECTION 501(C) (3)OF THE CODE. WITHIN THE SCOPE OF THE FOREGOING PURPOSES, THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED AS A QUALIFIED AMATEUR SPORTS ORGANIZATION TO RAISE THE LEVEL OF EXCELLENCE AMONG AMATEUR AMERICAN SAILORS BY SUPPORTING, DEVELOPING AND PREPARING THEM TO COMPETE IN NATIONAL AND INTERNATIONAL COMPETITIONS INCLUDING THE OLYMPIC GAMES AND AMERICA'S CUP. THE ASSETS AND PROPERTIES OF THE CORPORATION ARE HEREBY PLEDGED FOR USE IN PERFORMING ITS EXEMPT FUNCTIONS. THE ACTIVITIES WHICH THE CORPORATION PROPOSES TO CONDUCT WITHIN THE STATE OF NEW YORK ARE AS FOLLOWS: OPERATING OUT OF THE NORTH SHORE OF LONG ISLAND, THE CORPORATION'S INITIAL PROGRAM WILL PAY FOR COACHING, SPONSORING, MAINTAINING, AND PROVIDING SAILBOATS SO THAT ATHLETES CAN TRAIN FOR OFFSHORE SAILBOAT RACING AS THE 2020 OLYMPICS WILL DEBUT A MIXED DOUBLEHANDED OFFSHORE SAILING EVENT.Expenses $1,459,198
- THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PUPOSES WITHIN THE MEANING OF SECTION 501(C) (3)OF THE CODE. WITHIN THE SCOPE OF THE FOREGOING PURPOSES, THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED AS A QUALIFIED AMATEUR SPORTS ORGANIZATION TO RAISE THE LEVEL OF EXCELLENCE AMONG AMATEUR AMERICAN SAILORS BY SUPPORTING, DEVELOPING AND PREPARING THEM TO COMPETE IN NATIONAL AND INTERNATIONAL COMPETITIONS INCLUDING THE OLYMPIC GAMES AND AMERICA'S CUP. THE ASSETS AND PROPERTIES OF THE CORPORATION ARE HEREBY PLEDGED FOR USE IN PERFORMING ITS EXEMPT FUNCTIONS. THE ACTIVITIES WHICH THE CORPORATION PROPOSES TO CONDUCT WITHIN THE STATE OF NEW YORK ARE AS FOLLOWS: OPERATING OUT OF THE NORTH SHORE OF LONG ISLAND, THE CORPORATION'S INITIAL PROGRAM WILL PAY FOR COACHING, SPONSORING, MAINTAINING, AND PROVIDING SAILBOATS SO THAT ATHLETES CAN TRAIN FOR OFFSHORE SAILBOAT RACING AS THE 2020 OLYMPICS WILL DEBUT A MIXED DOUBLEHANDED OFFSHORE SAILING EVENT.Expenses $163,130
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
- 84-3472052
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N71)
- Assets (IRS master file)
- $1,335,340
- Income (IRS master file)
- $2,796,212
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,490,737 | $1,622,328 | $1,335,340 | IRS |
| 990 | December 2023 | $1,693,056 | $1,509,054 | $1,373,100 | XML |
| 990 | December 2022 | $1,748,196 | $1,105,667 | $1,189,098 | IRS |
| 990 | December 2021 | $1,214,171 | $679,090 | $546,569 | IRS |
| 990-N for 2020 Officer: Leonid Vasiliev | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: Leonid Vasiliev | December 31, 2019 | ≤ $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 84-3472052).
Questions about NORTH EAST KEELBOAT ALLIANCE INC
- What is the EIN of NORTH EAST KEELBOAT ALLIANCE INC?
- The employer identification number (EIN) of NORTH EAST KEELBOAT ALLIANCE INC is 84-3472052.
- Is NORTH EAST KEELBOAT ALLIANCE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to NORTH EAST KEELBOAT ALLIANCE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NORTH EAST KEELBOAT ALLIANCE INC 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 NORTH EAST KEELBOAT ALLIANCE INC 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 NORTH EAST KEELBOAT ALLIANCE INC 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 NORTH EAST KEELBOAT ALLIANCE INC?
- The 990 for the year ended December 31, 2024 names LEONID VASSILIEV.
- Who are the officers and directors of NORTH EAST KEELBOAT ALLIANCE INC?
- The 990 for the year ended December 31, 2024 lists 3 people; 2 received compensation from the organization, the highest $229,366 (LEONID VASSILIEV, PRESIDENT).
- How much revenue does NORTH EAST KEELBOAT ALLIANCE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,490,737, expenses of $1,622,328 and total assets of $1,335,340 at year end.
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