Nonprofit · EIN 95-2552629
SHARK ISLAND YACHT CLUB
Also known as NEWPORT BEACH YACHT CLUB
Tax-exempt · NEWPORT BEACH, CA 92660
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $2,263,553 | $2,171,336 | $92,217 | $447,935 | $456,372 | -$8,437 |
| December 31, 2024 | 990 | $2,071,524 | $2,028,672 | $42,852 | $305,152 | $405,806 | -$100,654 |
| December 31, 2023 | 990 | $1,765,860 | $1,970,384 | -$204,524 | $200,335 | $343,841 | -$143,506 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,030,756
- Investment income
- $0
- Net income from sales of inventory
- $1,232,797
- Other revenue
- $1,232,797
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $918,287
- Salaries, compensation and benefits (total)
- $1,027,760
- Professional fundraising fees
- $0
- Legal fees
- -$6,103
- Accounting fees
- $52,660
- Occupancy
- $372,900
- Program services (functional)
- $235,202
- Management and general (functional)
- $908,374
Balance sheet and other
- Total assets, start of year
- $305,152
- Total assets, end of year
- $447,935
- Total liabilities, end of year
- $456,372
- Net assets, end of year
- -$8,437
- Gross receipts
- $2,894,715
- Employees
- 28
- Volunteers
- 0
- Year formed
- 1960
- State of legal domicile
- CA
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 |
|---|---|---|---|
| PATRICK RAMSEY | OFFICER Officer | 15 | $0 |
| MICHAEL RAMSEY | OFFICER Officer | 15 | $0 |
990 for the year ended December 31, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PATRICK RAMSEY | OFFICER Officer | 15 | $0 |
| MICHAEL RAMSEY | OFFICER Officer | 15 | $0 |
990 for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PATRICK RAMSEY | OFFICER Officer | 15 | $0 |
| MICHAEL RAMSEY | OFFICER Officer | 15 | $0 |
Address and contacts
- Address (IRS master file)
- 1099 BAYSIDE DR, NEWPORT BEACH, CA 92660-7418
- In care of
- % RANDY LANDSBERGER
- Principal officer (990 for 2025)
- PATRICK RAMSEY, 1099 BAYSIDE DRIVE, NEWPORT BEACH, CA 92660
- Signed the 990
- PATRICK A RAMSEY, OFFICER
- Phone
- (949) 760-0221
- Return prepared by
- Scott Streitfeld CPA A Professional Corp
California records
California keeps its own records of charities and corporations. Search them by EIN 95-2552629 or by the name SHARK ISLAND YACHT CLUB.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
THE YACHET CLUB PROVIDES FOR A GATHERING PLACE FOR THE RESIDENTS IN AND AROUND BALBOA ISLAND AND THE YACHT CLUB. THERE ARE APPOXIMATELY 1,000 MEMBERS
Program accomplishments
- THE YACHET CLUB PROVIDES FOR A GATHERING PLACE FOR THE RESIDENTS IN AND AROUND BALBOA ISLAND AND THE YACHT CLUB. THERE ARE APPOXIMATELY 1,000 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 | 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
- 95-2552629
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1970
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $447,935
- Income (IRS master file)
- $2,894,715
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $2,263,553 | $2,171,336 | $447,935 | XML |
| 990 | December 2024 | $2,071,524 | $2,028,672 | $305,152 | XML |
| 990 | December 2023 | $1,765,860 | $1,970,384 | $200,335 | XML |
| 990 | December 2022 | $1,556,445 | $1,523,179 | $379,171 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | 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 95-2552629).
Questions about SHARK ISLAND YACHT CLUB
- What is the EIN of SHARK ISLAND YACHT CLUB?
- The employer identification number (EIN) of SHARK ISLAND YACHT CLUB is 95-2552629.
- Is SHARK ISLAND YACHT CLUB tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1970.
- Are donations to SHARK ISLAND YACHT CLUB tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does SHARK 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 SHARK 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 SHARK 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 SHARK ISLAND YACHT CLUB?
- The 990 for the year ended December 31, 2025 names PATRICK RAMSEY.
- Who are the officers and directors of SHARK ISLAND YACHT CLUB?
- The 990 for the year ended December 31, 2025 lists 2 people; 0 received compensation from the organization.
- How much revenue does SHARK ISLAND YACHT CLUB have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $2,263,553, expenses of $2,171,336 and total assets of $447,935 at year end.
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