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Nonprofit · EIN 99-0063872

WAIKIKI YACHT CLUB

Tax-exempt · HONOLULU, HI 96814

Financials

$4M$4.2M2023$4.2M$4.3M2024
Revenue Expenses · by fiscal year end
Financials of WAIKIKI YACHT CLUB by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$4,167,602$4,269,827-$102,225$2,818,031$1,113,186$1,704,845
December 31, 2023990$3,981,587$4,231,813-$250,226$2,787,854$980,784$1,807,070
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$2,804,847
Investment income
$1,883
Other revenue
$1,360,872

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$1,509,064
Salaries, compensation and benefits (total)
$2,181,282
Professional fundraising fees
$0
Legal fees
$8,045
Accounting fees
$19,895
Occupancy
$649,517
Depreciation
$173,405

Balance sheet and other

Total assets, start of year
$2,787,854
Total assets, end of year
$2,818,031
Total liabilities, end of year
$1,113,186
Net assets, end of year
$1,704,845
Land, buildings and equipment
$1,556,352
Net assets without donor restrictions
$1,704,845
Gross unrelated business income
$323,382
Gross receipts
$4,167,602
Employees
0
Volunteers
80
Year formed
1945
State of legal domicile
HI

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.

NameTitleHours / weekCompensation
MICHAEL BUELSINGVICE COMMODO
Trustee or director, Officer
10$0
RON GRIDLEYIMMED PAST C
Trustee or director, Officer
5$0
JENNY DODIRECTOR
Trustee or director
5$0
CHRISTINE CLOTHIERTREASURER
Trustee or director, Officer
20$0
BOBBY FRAZIERDIRECTOR
Trustee or director
5$0
GARY EVONIUKREAR COMMODO
Trustee or director, Officer
5$0
CHRISTINE DENTONSECRETARY
Trustee or director, Officer
5$0
IAN SCOTTCOMMODORE
Trustee or director, Officer
30$0
DEREK CLARKEREAR COMMODO
Trustee or director, Officer
5$0
PETER RUDLOWSKIDIRECTOR
Trustee or director
5$0
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensation
RONALD GRIDLEY RONALD GRIDLEYCOMMODORE
Trustee or director, Officer
30$0
PETER GASKELLVICE COMMODO
Trustee or director, Officer
10$0
JOHN CLIMALDIREAR COMMODO
Trustee or director, Officer
5$0
CHRISTINE CLOTHIERTREASURER
Trustee or director, Officer
20$0
MICHAEL MCDONALDDIRECTOR
Trustee or director
5$0
GARY EVONIUKDIRECTOR
Trustee or director
15$0
CHRISTINE DENTONSECRETARY
Trustee or director, Officer
20$0
IAN SCOTTDIRECTOR
Trustee or director
20$0
DAVID MCCOMASREAR COMMODO
Trustee or director, Officer
5$0

Address and contacts

Address (IRS master file)
1599 ALA MOANA BLVD, HONOLULU, HI 96814-4601
Principal officer (990 for 2024)
IAN SCOTT, 1599 ALA MOANA BLVD, HONOLULU, HI 96814
Signed the 990
IAN SCOTT, COMMODORE
Phone
(808) 955-4405
Return prepared by
TERRY T TAMURA CPA

Mission

THIS CLUB IS ORGANIZED AND SHALL OPERATE TO PROVIDE FOR THE PLEASURE, RECREATION AND OTHER NONPROFITABLE PURPOSES OF ITS MEMBERS, AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(7) OF THE INTERNAL REVENUE CODE. CONSISTENT WITH ITS STATUS AS A SECTION 501(C)(7) TAX EXEMPT ENTITY, THE PRIMARY PURPOSE FOR WHICH THIS CLUB IS ORGANIZED AND ITS PRIMARY MISSION IS TO PROVIDE A MEDIUM THROUGH WHICH ITS MEMBERS MAY PARTICIPATE IN THE SPORT OF YACHTING AND TO PROMOTE AND FOSTER INTEREST IN THE KNOWLEDGE OF YACHTING, BOATING, NAVIGATION, AND OTHER MARITIME ACTIVITIES, AND TO COOPERATE WITH FEDERAL, STATE, AND MUNICIPAL OFFICIALS IN THE PROTECTION OF LIFE AND PROPERTY ON THE HIGH SEAS AND WITHIN THE WATERS OF THE STATE OF HAWAII. CORINTHIANISM SHALL DOMINATE ALL ACTIVITIES OF THE CLUB. SUBJECT TO THE CLUB'S PRIMARY PURPOSE AND MISSION, THE CLUB MAY OFFER SUCH SOCIAL AND RECREATIONAL ACTIVITIES TO ITS MEMBERS AS ARE CONSISTENT WITH ITS NONPROFIT, TAX EXEMPT STATUS.

990 for the year ended December 31, 2024

Program accomplishments

  • THE CLUB OPERATES A FULL SERVICE RESTAURANT FOR ITS MEMBERS AND THEIR GUESTS. THE CLUB'S DINING ROOM FACILITIES ALSO PROVIDES A MEETING PLACE FOR SOCIAL EVENTS.
    Expenses $2,649,479
  • THE CLUB MAINTAINS DOCK AND MOORING FACILITIES FOR ITS MEMBERS AND VISITING YACHTSMEN.
    Expenses $450,582
  • THE CLUB OPERATES A BOUTIQUE WHICH SELLS CLOTHING AND OTHER LOGO MERCHANDISE TO ITS MEMBERS AND THEIR GUESTS.
    Expenses $79,814

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
99-0063872
Tax-exempt status
501(c)(7): Social or recreational club
Donations deductible
No
Exempt since
1946
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$2,818,031
Income (IRS master file)
$4,167,602

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$4,167,602$4,269,827$2,818,031XML
990December 2023$3,981,587$4,231,813$2,787,854XML
990December 2022$3,629,213$3,623,979$2,903,708IRS
990December 2021–––IRS
990December 2020–––IRS
990December 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 99-0063872).

Questions about WAIKIKI YACHT CLUB

What is the EIN of WAIKIKI YACHT CLUB?
The employer identification number (EIN) of WAIKIKI YACHT CLUB is 99-0063872.
Is WAIKIKI YACHT CLUB tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1946.
Are donations to WAIKIKI YACHT CLUB tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does WAIKIKI 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 WAIKIKI 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 WAIKIKI 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 WAIKIKI YACHT CLUB?
The 990 for the year ended December 31, 2024 names IAN SCOTT.
Who are the officers and directors of WAIKIKI YACHT CLUB?
The 990 for the year ended December 31, 2024 lists 10 people; 0 received compensation from the organization.
How much revenue does WAIKIKI YACHT CLUB have?
On its 990 for the year ended December 31, 2024 it reported revenue of $4,167,602, expenses of $4,269,827 and total assets of $2,818,031 at year end.

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