Nonprofit · EIN 91-0346680
OLYMPIA YACHT CLUB
Tax-exempt · OLYMPIA, WA 98501
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,369,620 | $1,258,076 | $111,544 | $6,008,891 | $47,034 | $5,961,857 |
| December 31, 2023 | 990 | $1,248,852 | $991,022 | $257,830 | $5,897,490 | $28,888 | $5,868,602 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $573,444
- of which government grants
- $42
- Membership dues
- $573,402
- Program service revenue
- $738,564
- Investment income
- $38,177
- Net rental income
- -$1,202
- Net income from sales of inventory
- $3,317
- Other revenue
- $19,435
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $117,505
- Salaries, compensation and benefits (total)
- $144,452
- Professional fundraising fees
- $0
- Accounting fees
- $74,589
- Occupancy
- $244,400
- Depreciation
- $425,284
- Program services (functional)
- $811,545
- Management and general (functional)
- $446,531
Balance sheet and other
- Total assets, start of year
- $5,897,490
- Total assets, end of year
- $6,008,891
- Total liabilities, end of year
- $47,034
- Net assets, end of year
- $5,961,857
- Land, buildings and equipment
- $3,234,252
- Net assets without donor restrictions
- $5,961,857
- Gross unrelated business income
- $14,061
- Gross receipts
- $1,415,788
- Employees
- 7
- Volunteers
- 222
- Year formed
- 1904
- State of legal domicile
- WA
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 |
|---|---|---|---|
| RICH BERGHOLZ | TRUSTEE Trustee or director | – | $0 |
| SHANNON CURTIS | SECRETARY Trustee or director, Officer | – | $0 |
| JOHN ERWIN | TRUSTEE Trustee or director | – | $0 |
| RION GROVES | TREASURER Trustee or director, Officer | – | $0 |
| STEVE PARROTT | TRUSTEE CHAI Trustee or director, Officer | – | $0 |
| BOB SANDS | TRUSTEE Trustee or director | – | $0 |
| ED STOLARIK | TRUSTEE Trustee or director | – | $0 |
| LENORA TANAKA | COMMODORE Trustee or director | – | $0 |
| TIM WHIPPLE | TRUSTEE Trustee or director | – | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICH BERGHOLZ | TRUSTEE Trustee or director | – | $0 |
| SHANNON CURTIS | SECRETARY Trustee or director, Officer | – | $0 |
| JOHN ERWIN | TRUSTEE Trustee or director | – | $0 |
| RION GROVES | TREASURER Trustee or director, Officer | – | $0 |
| STEVE PARROTT | TRUSTEE CHAI Trustee or director, Officer | – | $0 |
| BOB SANDS | TRUSTEE Trustee or director | – | $0 |
| ED STOLARIK | TRUSTEE Trustee or director | – | $0 |
| LENORA TANAKA | COMMODORE Trustee or director | – | $0 |
| TIM WHIPPLE | TRUSTEE Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- 201 SIMMONS ST NW, OLYMPIA, WA 98501-1040
- Principal officer (990 for 2024)
- STEVE PARROTT, 201 SIMMONS ST NW, OLYMPIA, WA 98501
- Signed the 990
- RION GROVES, TREASURER
- Phone
- (360) 357-6767
- Website
- WWW.OLYMPIAYACHTCLUB.ORG
- Return prepared by
- PATRICIA L PICH CPA PLLC
Mission
OLYMPIA YACHT CLUB IS A CLUB ORGANIZED FOR PLEASURE AND RECREATION, OF WHICH NO PART OF THE NET EARNINGS BENEFIT ANY PRIVATE MEMBER.
Program accomplishments
- THE ORGANIZATION ENCOURAGES AND PROMOTES YACHTING, THE SCIENCE OF SEAMANSHIP AND NAVIGATION, AND PROVIDES AND MAINTAINS SUITABLE FACILITIES FOR THE USE AND RECREATION OF ITS MEMBERS.
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
- 91-0346680
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1942
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $6,008,891
- Income (IRS master file)
- $1,415,788
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,369,620 | $1,258,076 | $6,008,891 | IRS |
| 990 | December 2023 | $1,248,852 | $991,022 | $5,897,490 | XML |
| 990 | December 2022 | $1,211,972 | $1,018,904 | $5,633,817 | 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 91-0346680).
Questions about OLYMPIA YACHT CLUB
- What is the EIN of OLYMPIA YACHT CLUB?
- The employer identification number (EIN) of OLYMPIA YACHT CLUB is 91-0346680.
- Is OLYMPIA YACHT CLUB tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1942.
- Are donations to OLYMPIA YACHT CLUB tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does OLYMPIA 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 OLYMPIA 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 OLYMPIA 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 OLYMPIA YACHT CLUB?
- The 990 for the year ended December 31, 2024 names STEVE PARROTT.
- Who are the officers and directors of OLYMPIA YACHT CLUB?
- The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
- How much revenue does OLYMPIA YACHT CLUB have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,369,620, expenses of $1,258,076 and total assets of $6,008,891 at year end.
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