Totals
- Total revenue
- $17,208,394
- Total expenses
- $16,023,829
- Contributions and grants received
- $120,500
- Grants paid
- $0
- Program service revenue
- $10,649,200
- Investment income
- $188,327
- Other revenue
- $6,250,367
- Total assets, end of year
- $28,117,369
- Total liabilities, end of year
- $10,727,858
- Net assets or fund balances, end of year
- $17,389,511
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$120,500
-
2a · Program service revenue: MEMBERSHIP DUES
total $7,326,832 · related or exempt $7,326,832
-
2b · Program service revenue: CAPITAL ASSESSMENT
total $2,251,105 · related or exempt $2,251,105
-
2c · Program service revenue: INITIATION FEES
total $1,071,263 · related or exempt $1,071,263
-
3 · Investment income
total $162,587 · unrelated business $162,587
-
6a · Gross rents
real property $135,602
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $135,602
-
6d · Net rental income or loss
total $135,602 · unrelated business $135,602
-
7a · Gross sales of assets other than inventory
other assets $25,740
-
7b · Less cost or other basis and sales expenses
other assets $0
-
7c · Gain or loss
other assets $25,740
-
7d · Net gain or loss
total $25,740 · excluded $25,740
-
10a · Gross sales of inventory
$6,978,438
-
10b · Cost of goods sold
$1,390,542
-
10c · Net income from sales of inventory
total $5,587,896 · related or exempt $4,433,145 · unrelated business $1,154,751
-
11a · Other revenue: FILM SHOOT
total $444,510 · unrelated business $444,510
-
11b · Other revenue: INSURANCE PROCEEDS
total $82,359 · excluded $82,359
-
11e · Other revenue, total
$526,869
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $393,307
-
7 · Other salaries and wages
total $6,752,022
-
8 · Pension plan contributions
total $344,272
-
9 · Other employee benefits
total $1,205,986
-
10 · Payroll taxes
total $720,095
-
11b · Fees: legal
total $72,130
-
11c · Fees: accounting
total $30,613
-
11f · Fees: investment management
total $18,396
-
11g · Fees: other
total $262,937
-
13 · Office expenses
total $470,712
-
14 · Information technology
total $31,912
-
16 · Occupancy
total $780,607
-
20 · Interest
total $200,965
-
22 · Depreciation, depletion and amortization
total $1,866,346
-
23 · Insurance
total $822,767
-
24a · Other expenses: UNRELATED BUS. INC. TAX
total $176,269
-
24b · Other expenses: GENERAL SUPPLIES
total $764,237
-
24c · Other expenses: OTHER SPORTS ACTIVITIES
total $534,829
-
24d · Other expenses: REPAIRS & MAINTENANCE
total $522,094
-
24e · All other expenses
total $53,333
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,796 · end of year $3,362
-
2 · Savings and temporary cash investments
beginning of year $4,115,453 · end of year $4,209,071
-
4 · Accounts receivable
beginning of year $2,627,987 · end of year $2,812,370
-
8 · Inventories for sale or use
beginning of year $326,909 · end of year $321,287
-
9 · Prepaid expenses and deferred charges
beginning of year $280,853 · end of year $313,729
-
10a · Land, buildings and equipment: cost or other basis
$41,569,445
-
10b · Land, buildings and equipment: accumulated depreciation
$21,239,969
-
10c · Land, buildings and equipment, net
beginning of year $19,975,404 · end of year $20,329,476
-
15 · Other assets
beginning of year $194,392 · end of year $128,074
-
17 · Accounts payable and accrued expenses
beginning of year $969,344 · end of year $1,341,051
-
23 · Secured mortgages and notes payable
beginning of year $5,078,159 · end of year $5,078,201
-
25 · Other liabilities
beginning of year $5,205,027 · end of year $4,308,606
-
27 · Net assets without donor restrictions
beginning of year $16,271,264 · end of year $17,389,511
Mission and programs · 2024
Mission
SEE SCHEDULE O
Activities or mission (Part I)
TO INSTILL AND ENHANCE AN INTEREST IN YACHTING AND PROVIDE AN ACTIVE ENJOYABLE SOCIAL ENVIRONMENT FOR ITS MEMBERS AND THEIR FAMILIES.
-
TAX EXEMPT CLUB ACTIVITIES.
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
J Christopher SchoenJ CHRISTOPHER SCHOEN
COMMODORE
- Total calculated
- $0
- Hours/week
- 3
-
Andrew B WeissANDREW B WEISS
VICE COMMODORE
- Total calculated
- $0
- Hours/week
- 3
-
Mimi MagarelliMIMI MAGARELLI
REAR COMMODORE
- Total calculated
- $0
- Hours/week
- 3
-
Merrill A UlmerMERRILL A ULMER
SECRETARY
- Total calculated
- $0
- Hours/week
- 3
-
Collamore R CrockerCOLLAMORE R CROCKER
TREASURER
- Total calculated
- $0
- Hours/week
- 3
-
David G DowdDAVID G DOWD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Matthew J HaysMATTHEW J HAYS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Dorsey RoseberryDORSEY ROSEBERRY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Brian P McCloskeyBRIAN P MCCLOSKEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Karen E RonanKAREN E RONAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Matthew J TymMATTHEW J TYM
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Christopher V ClarkeCHRISTOPHER V CLARKE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Angela S NesbittANGELA S NESBITT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Susan SwanezySUSAN SWANEZY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Ernest L DunnERNEST L DUNN
GENERAL MANAGER
- Total calculated
- $412,097
- From this org
- $384,682
- From related orgs
- $0
- Other
- $27,415
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $319,682
- Bonus
- $65,000
- Other
- $0
- Deferred
- $10,350
- Nontaxable benefits
- $17,065
- Filer's total
- $412,097
-
Rodrigo M Menezes AmaralRODRIGO M MENEZES AMARAL
DIRECTOR OF RACQUETS
- Total calculated
- $372,234
- From this org
- $315,768
- From related orgs
- $0
- Other
- $56,466
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $95,818
- Bonus
- $6,460
- Other
- $213,490
- Deferred
- $9,473
- Nontaxable benefits
- $46,993
- Filer's total
- $372,234
-
Michel DarmonMICHEL DARMON
FOOD AND BEVERAGE DIRECTOR
- Total calculated
- $214,582
- From this org
- $176,362
- From related orgs
- $0
- Other
- $38,220
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $170,062
- Bonus
- $6,300
- Other
- $0
- Deferred
- $5,291
- Nontaxable benefits
- $32,929
- Filer's total
- $214,582
-
Kerry Risley-FredericksKERRY RISLEY-FREDERICKS
CONTROLLER
- Total calculated
- $244,184
- From this org
- $191,549
- From related orgs
- $0
- Other
- $52,635
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $166,769
- Bonus
- $24,780
- Other
- $0
- Deferred
- $5,746
- Nontaxable benefits
- $46,889
- Filer's total
- $244,184
-
Hansun JoHANSUN JO
EXECUTIVE CHEF
- Total calculated
- $187,867
- From this org
- $165,809
- From related orgs
- $0
- Other
- $22,058
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $159,509
- Bonus
- $6,300
- Other
- $0
- Deferred
- $4,974
- Nontaxable benefits
- $17,084
- Filer's total
- $187,867
-
Joel LabuzettaJOEL LABUZETTA
WATERFRONT DIRECTOR
- Total calculated
- $234,179
- From this org
- $181,856
- From related orgs
- $0
- Other
- $52,323
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $170,096
- Bonus
- $11,760
- Other
- $0
- Deferred
- $5,456
- Nontaxable benefits
- $46,867
- Filer's total
- $234,179
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Written employment contract
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 15 August 2026
- IRS schema version
- 2024v5.5
- Source object
- 202642239349300904
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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