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Nonprofit · EIN 03-0194221

MALLETTS BAY BOAT CLUB INC

Tax-exempt · COLCHESTER, VT 05446

Financials

$212K$211K2023$233K$202K2024$259K$364K2025
Revenue Expenses · by fiscal year end
Financials of MALLETTS BAY BOAT CLUB INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$258,562$363,632-$105,070$804,997$368,384$436,613
December 31, 2024990$233,115$202,263$30,852$586,912$47,229$539,683
December 31, 2023990$211,922$211,157$765$588,339$89,908$498,431
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$187,942
Membership dues
$187,942
Program service revenue
$41,432
Investment income
$7,884
Net rental income
$14,990
Other revenue
$21,304

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$71,676
Salaries, compensation and benefits (total)
$78,228
Professional fundraising fees
$0
Accounting fees
$6,627
Occupancy
$32,157
Travel
$1,812
Depreciation
$15,780

Balance sheet and other

Total assets, start of year
$586,912
Total assets, end of year
$804,997
Total liabilities, end of year
$368,384
Net assets, end of year
$436,613
Land, buildings and equipment
$382,642
Gross unrelated business income
$14,990
Gross receipts
$290,997
Employees
13
Volunteers
100
Year formed
1947
State of legal domicile
VT

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.

NameTitleHours / weekCompensation
MICHELLE MATHIASTREASURER
Trustee or director, Officer
12$8,000
MICHAEL QUAIDPRESIDENT
Trustee or director, Officer
3$0
LEONARD PHELANVICE PRESIDE
Trustee or director, Officer
3$0
DELLA LEONARDSECRETARY
Trustee or director, Officer
3$0
NATHANIEL KEMPDIRECTOR
Trustee or director
3$0
STEPHANIE DAVISONDIRECTOR
Trustee or director
3$0
ALAN BOTULADIRECTOR
Trustee or director
3$0
MELISSA PHELANDIRECTOR
Trustee or director
3$0
RUSS CHAPMANDIRECTOR
Trustee or director
3$0
JOHN REYNOLDSDIRECTOR
Trustee or director
3$0
CHRISTINE KEMPDIRECTOR
Trustee or director
3$0
PERRY CONDONDIRECTOR
Trustee or director
3$0
BETH BRODIEDIRECTOR
Trustee or director
3$0
STEVE CALLISON UNTIL OCT 2025DIRECTOR
Trustee or director
3$0
SAM PRATT UNTIL OCT 2025DIRECTOR
Trustee or director
3$0
2 more people on this return
NameTitleHours / weekCompensation
SUSAN SULLIVAN UNTIL OCT 2025DIRECTOR
Trustee or director
3$0
KIM PRATT UNTIL OCT 2025DIRECTOR
Trustee or director
3$0
990 for the year ended December 31, 2024: 20 people
NameTitleHours / weekCompensation
MICHELLE MATHIASTREASURER
Trustee or director, Officer
12$5,000
STEVEN CALLISONPRESIDENT
Trustee or director, Officer
3$0
MICHAEL QUAIDVICE PRESIDE
Trustee or director, Officer
3$0
DELLA LEONARDSECRETARY
Trustee or director, Officer
3$0
JON REYNOLDSDIRECTOR
Trustee or director
3$0
ALAN BOTULADIRECTOR
Trustee or director
3$0
SAM PRATTDIRECTOR
Trustee or director
3$0
MARK BAGLINIDIRECTOR
Trustee or director
3$0
KIM PRATTDIRECTOR
Trustee or director
3$0
MELISSA PHELANDIRECTOR
Trustee or director
3$0
SUSAN SULLIVANDIRECTOR
Trustee or director
3$0
GEOFF HALSTEADDIRECTOR
Trustee or director
3$0
BETH BRODIDIRECTOR
Trustee or director
3$0
CATHERINE CONDONDIRECTOR
Trustee or director
12$0
JONATHAN BROOKS UNTIL OCT 2024DIRECTOR
Trustee or director
3$0
ZOLTAN SACHS UNTIL OCT 2024DIRECTOR
Trustee or director
3$0
DAVE JILLSON UNTIL OCT 2024DIRECTOR
Trustee or director
3$0
PERRY CONDON UNTIL OCT 2024DIRECTOR
Trustee or director
3$0
RICH MILLER UNTIL OCT 2024DIRECTOR
Trustee or director
3$0
JULIE TROTTIER UNTIL OCT 2024DIRECTOR
Trustee or director
3$0
990 for the year ended December 31, 2023: 14 people
NameTitleHours / weekCompensationOther / benefits
CATHERINE CONDONTREASURER
Trustee or director, Officer
12$0$5,000
MARK BAGLINIDIRECTOR
Trustee or director
3$0$0
JONATHAN BROOKSPRESIDENT
Trustee or director, Officer
3$0$0
STEVE CALLISONDIRECTOR
Trustee or director
3$0$0
PERRY CONDONDIRECTOR
Trustee or director
3$0$0
DAVE JILLSONVICE PRESIDE
Trustee or director, Officer
3$0$0
SHELLEY MATHIASDIRECTOR
Trustee or director
3$0$0
RICH MILLERDIRECTOR
Trustee or director
3$0$0
KIMBERLY PRATTDIRECTOR
Trustee or director
3$0$0
SAM PRATTDIRECTOR
Trustee or director
3$0$0
MIKE QUAIDDIRECTOR
Trustee or director
3$0$0
ZOLTON SACHSVICE PRESIDE
Trustee or director, Officer
3$0$0
SUSAN SULLIVANDIRECTOR
Trustee or director
3$0$0
JULIE TROTTIERDIRECTOR
Trustee or director
3$0$0

Address and contacts

Address (IRS master file)
PO BOX 402, COLCHESTER, VT 05446-0402
In care of
% CHARLY DICKERSON
Principal officer (990 for 2025)
MICHAEL QUAID, PO BOX 402, COLCHESTER, VT 05446
Signed the 990
MICHELLE MATHIAS, TREASURER
Phone
(802) 535-5055
Return prepared by
JMM & ASSOCIATES PC

Mission

THE MALLETTS BAY BOAT CLUB, INC. IS A NOT-FOR-PROFIT, MEMBERSHIP-GOVERNED CLUB FORMED TO PROVIDE FACILITIES AND PROGRAMS TO ENCOURAGE AND PROMOTE SAILING, BOATING, AND OTHER WATER-RELATED RECREATIONAL ACTIVITIES ON LAKE CHAMPLAIN. RACING, CRUISING, EDUCATIONAL AND FAMILY-ORIENTED SOCIAL ACTIVITIES ARE MADE AVAILABLE FOR THE ENJOYMENT AND BENEFIT OF ITS MEMBERS OF ALL AGES. THE PERPETUATION AND ENHANCEMENT OF THESE FACILITIES AND PROGRAMS ARE THE RESPONSIBILITY OF ALL THE MEMBERSHIP.

990 for the year ended December 31, 2025

Program accomplishments

  • THE CLUB HAS BEEN IN CONTINUOUS OPERATION SINCE 1936 AS A VOLUNTARY PARTICIPATORY CLUB, MEANING THAT THE MEMBERS MANAGE AND PERFORM ALL THE WORK INVOLVED WITH KEEPING A CLUB SUCH AS OURS GOING. IN ADDITION, THE MEMBERS SHARE A COMMON INTEREST IN SAILING AND BOATING ON LAKE CHAMPLAIN WHICH VARIOUS CLUB ACTIVITIES ENCOURAGE. MEMBERSHIP IS OPEN TO SAILBOATERS THROUGH AN APPLICATION PROCESS. THE CLUB HAS A VERY ACTIVE SOCIAL CALENDAR BEGINNING IN THE WINTER AND CONTINUING IN MAY WITH THE TRADITIONAL GET ACQUAINTED PARTY TO INTRODUCE NEW MEMBERS TO THE REST OF THE CLUB. THERE ARE NUMEROUS SUMMER WEEKEND AND EVENING COOKOUTS AND PARTIES AT THE CLUB WHICH OFTEN FOLLOW RACES. THESE ARE LISTED IN A CALENDAR PRINTED IN THE CLUB LOG. THE SOCIAL SEASON ENDS IN THE FALL WITH A SEASON ENDING BANQUET. THE CLUBHOUSE IS AVAILABLE FOR THE MEMBERS TO USE AND ENJOY. IT IS THE RESPONSIBILITY OF THE MEMBERSHIP TO HELP MAINTAIN THE CLUBHOUSE AND THE SURROUNDING GROUNDS. THERE ARE BATHROOMS AND SHOWERS ON THE GROUND FLOOR, AS WELL AS A NUMBER OF LOCKERS WHICH ARE AVAILABLE TO RENT FOR A NOMINAL FEE, BY CLUB MEMBERS. THE UPSTAIRS OF THE CLUB HOUSES AN ATTRACTIVE LOUNGE AND IS THE SITE OF THE MAJORITY OF OUR SOCIAL EVENTS. THERE IS A SMALL KITCHEN AND A VIDEO CENTER FOR VIEWING SAILING RELATED VIDEOS. THERE IS ALSO A LIBRARY STOCKED WITH SAILING BOOKS. IN ADDITION ALL OF THE CLUB SAILING TROPHIES ARE DISPLAYED IN THE TROPHY CASE ON THE MAIN FLOOR OF THE CLUBHOUSE. AT THE WEST END OF THE CLUBHOUSE IS AN APARTMENT WHICH HOUSES TENANTS WHO HELP PROVIDE SECURITY FOR THE CLUB. THE CLUB RUNS A VERY ACTIVE RACE SCHEDULE WITH A THURSDAY NIGHT RACE SERIES FOR CRUISING BOATS, A TUESDAY NIGHT LASER SERIES, MULTIPLE WEEKEND RACES FOR ONE DESIGN AND CRUISING BOATS AND A FALL SERIES OF RACES. IN ADDITION, THE CLUB IS ONE OF THREE MEMBERS OF THE LAKE CHAMPLAIN RACING CONFERENCE AND HOSTS SEVERAL CONFERENCE RACES DURING THE SUMMER WHICH ARE ALSO OPEN TO CLUB MEMBERS. ANY MEMBER OF THE RACING COMMITTEE WOULD BE HAPPY TO ANSWER ANY QUESTIONS PROSPECTIVE MEMBERS HAVE ABOUT CLUB RACING AND OUR RACING PROGRAM. CREWING SPOTS ON RACING BOATS ARE ALWAYS AVAILABLE TO CLUB MEMBERS WHO WOULD LIKE TO GET A TASTE OF RACING WITHOUT INVOLVING THEIR OWN BOATS. A BULLETIN BOARD IN THE LOWER LEVEL OF THE CLUB IS AVAILABLE TO ADVERTISE YOUR INTEREST IN CREWING. NON-MEMBERS ARE ALSO ENCOURAGED TO PARTICIPATE IN ALL CLUB RACES. BECAUSE THE CLUB IS VOLUNTARY OPERATION, WE ACCOMPLISH THE WORK THROUGH A NUMBER OF COMMITTEES. THE FIRST AND MOST IMPORTANT COMMITTEE IS THE AFTERGUARD WHICH IS THE GOVERNING BODY OF THE CLUB AND IS ELECTED AT THE ANNUAL MEETING IN OCTOBER BY THE MEMBERSHIP. THE AFTERGUARD HELPS TO RUN THE CLUB'S OPERATIONS AND CHAIR THE VARIOUS COMMITTEES, WHICH INCLUDE: CRUISE, ENTERTAINMENT, FINANCE, GROUNDS, HARBOR, JUNIOR SAILING, LAUNCH, LONG RANGE PLANNING, MEMBERSHIP OPERATIONS, AND RACE COMMITTEE. EVERY CLUB MEMBER IS EXPECTED TO SERVE ON AT LEAST ONE COMMITTEE. THE CLUB HAS AN ACTIVE SAILING INSTRUCTION PROGRAM THROUGHOUT THE SUMMER MONTHS FOR CHILDREN OF MEMBERS AND NON-MEMBERS. THE PROGRAM TRADITIONALLY HAS BEEN FOR YOUTHS FROM THE AGES OF 8 TO 16 AND CLASSES VARY FROM BEGINNERS TO ADVANCED RACING. THE JUNIOR SAILING PROGRAM OWNS A FLEET OF FLYING JUNIORS/OPTIMISTS AND EXPERT INSTRUCTION IS AVAILABLE FROM SAILING INSTRUCTORS. THE JUNIOR RACERS COMPETE BOTH ON THE LAKE AND ALSO IN THE WATERS OF NEIGHBORING STATES. THERE IS AN ADDITIONAL FEE FOR THIS PROGRAM. THE CLUB TRADITIONALLY OFFERS CRUISES THROUGHOUT THE SUMMER TO VARIOUS SPOTS ON THE LAKE. THERE ARE MANY WEEKEND CRUISES DURING THE SUMMER WHICH PROVIDE A GREAT OPPORTUNITY FOR CLUB MEMBERS TO EXPLORE VARIOUS PARTS OF THE LAKE AND RAFT UP FOR A SOCIAL GATHERING ON THE EVENING OF THE CRUISE. THE CLUB OPERATES AND MAINTAINS A MOORING FIELD FOR THE MEMBER'S BOATS. EACH MEMBER IS ENTITLED TO ONE MOORING. THE HARBOR COMMITTEE IS AVAILABLE TO ASSIST THE NEW CLUB MEMBERS IN COMPLYING WITH THE REQUIREMENTS OF THE MOORING SYSTEM AND WILL DETERMINE MOORING ASSIGNMENTS BEST SUITED TO THE MEMBER'S BOAT.
  • THE CLUB HAS BEEN IN CONTINUOUS OPERATION SINCE 1936 AS A VOLUNTARY PARTICIPATORY CLUB, MEANING THAT THE MEMBERS MANAGE AND PERFORM ALL THE WORK INVOLVED WITH KEEPING A CLUB SUCH AS OURS GOING. IN ADDITION, THE MEMBERS SHARE A COMMON INTEREST IN SAILING AND BOATING ON LAKE CHAMPLAIN WHICH VARIOUS CLUB ACTIVITIES ENCOURAGE. MEMBERSHIP IS OPEN TO SAILBOATERS THROUGH AN APPLICATION PROCESS. THE CLUB HAS A VERY ACTIVE SOCIAL CALENDAR BEGINNING IN THE WINTER AND CONTINUING IN MAY WITH THE TRADITIONAL GET ACQUAINTED PARTY TO INTRODUCE NEW MEMBERS TO THE REST OF THE CLUB. THERE ARE NUMEROUS SUMMER WEEKEND AND EVENING COOKOUTS AND PARTIES AT THE CLUB WHICH OFTEN FOLLOW RACES. THESE ARE LISTED IN A CALENDAR PRINTED IN THE CLUB LOG. THE SOCIAL SEASON ENDS IN THE FALL WITH A SEASON ENDING BANQUET. THE CLUBHOUSE IS AVAILABLE FOR THE MEMBERS TO USE AND ENJOY. IT IS THE RESPONSIBILITY OF THE MEMBERSHIP TO HELP MAINTAIN THE CLUBHOUSE AND THE SURROUNDING GROUNDS. THERE ARE BATHROOMS AND SHOWERS ON THE GROUND FLOOR, AS WELL AS A NUMBER OF LOCKERS WHICH ARE AVAILABLE TO RENT FOR A NOMINAL FEE, BY CLUB MEMBERS. THE UPSTAIRS OF THE CLUB HOUSES AN ATTRACTIVE LOUNGE AND IS THE SITE OF THE MAJORITY OF OUR SOCIAL EVENTS. THERE IS A SMALL KITCHEN AND A VIDEO CENTER FOR VIEWING SAILING RELATED VIDEOS. THERE IS ALSO A LIBRARY STOCKED WITH SAILING BOOKS. IN ADDITION ALL OF THE CLUB SAILING TROPHIES ARE DISPLAYED IN THE TROPHY CASE ON THE MAIN FLOOR OF THE CLUBHOUSE. AT THE WEST END OF THE CLUBHOUSE IS AN APARTMENT WHICH HOUSES TENANTS WHO HELP PROVIDE SECURITY FOR THE CLUB. THE CLUB RUNS A VERY ACTIVE RACE SCHEDULE WITH A THURSDAY NIGHT RACE SERIES FOR CRUISING BOATS, A TUESDAY NIGHT LASER SERIES, MULTIPLE WEEKEND RACES FOR ONE DESIGN AND CRUISING BOATS AND A FALL SERIES OF RACES. IN ADDITION, THE CLUB IS ONE OF THREE MEMBERS OF THE LAKE CHAMPLAIN RACING CONFERENCE AND HOSTS SEVERAL CONFERENCE RACES DURING THE SUMMER WHICH ARE ALSO OPEN TO CLUB MEMBERS. ANY MEMBER OF THE RACING COMMITTEE WOULD BE HAPPY TO ANSWER ANY QUESTIONS PROSPECTIVE MEMBERS HAVE ABOUT CLUB RACING AND OUR RACING PROGRAM. CREWING SPOTS ON RACING BOATS ARE ALWAYS AVAILABLE TO CLUB MEMBERS WHO WOULD LIKE TO GET A TASTE OF RACING WITHOUT INVOLVING THEIR OWN BOATS. A BULLETIN BOARD IN THE LOWER LEVEL OF THE CLUB IS AVAILABLE TO ADVERTISE YOUR INTEREST IN CREWING. NON-MEMBERS ARE ALSO ENCOURAGED TO PARTICIPATE IN ALL CLUB RACES. BECAUSE THE CLUB IS VOLUNTARY OPERATION, WE ACCOMPLISH THE WORK THROUGH A NUMBER OF COMMITTEES. THE FIRST AND MOST IMPORTANT COMMITTEE IS THE AFTERGUARD WHICH IS THE GOVERNING BODY OF THE CLUB AND IS ELECTED AT THE ANNUAL MEETING IN OCTOBER BY THE MEMBERSHIP. THE AFTERGUARD HELPS TO RUN THE CLUB'S OPERATIONS AND CHAIR THE VARIOUS COMMITTEES, WHICH INCLUDE: CRUISE, ENTERTAINMENT, FINANCE, GROUNDS, HARBOR, JUNIOR SAILING, LAUNCH, LONG RANGE PLANNING, MEMBERSHIP OPERATIONS, AND RACE COMMITTEE. EVERY CLUB MEMBER IS EXPECTED TO SERVE ON AT LEAST ONE COMMITTEE. THE CLUB HAS AN ACTIVE SAILING INSTRUCTION PROGRAM THROUGHOUT THE SUMMER MONTHS FOR CHILDREN OF MEMBERS AND NON-MEMBERS. THE PROGRAM TRADITIONALLY HAS BEEN FOR YOUTHS FROM THE AGES OF 8 TO 16 AND CLASSES VARY FROM BEGINNERS TO ADVANCED RACING. THE JUNIOR SAILING PROGRAM OWNS A FLEET OF FLYING JUNIORS/OPTIMISTS AND EXPERT INSTRUCTION IS AVAILABLE FROM SAILING INSTRUCTORS. THE JUNIOR RACERS COMPETE BOTH ON THE LAKE AND ALSO IN THE WATERS OF NEIGHBORING STATES. THERE IS AN ADDITIONAL FEE FOR THIS PROGRAM. THE CLUB TRADITIONALLY OFFERS CRUISES THROUGHOUT THE SUMMER TO VARIOUS SPOTS ON THE LAKE. THERE ARE MANY WEEKEND CRUISES DURING THE SUMMER WHICH PROVIDE A GREAT OPPORTUNITY FOR CLUB MEMBERS TO EXPLORE VARIOUS PARTS OF THE LAKE AND RAFT UP FOR A SOCIAL GATHERING ON THE EVENING OF THE CRUISE. THE CLUB OPERATES AND MAINTAINS A MOORING FIELD FOR THE MEMBER'S BOATS. EACH MEMBER IS ENTITLED TO ONE MOORING. THE HARBOR COMMITTEE IS AVAILABLE TO ASSIST THE NEW CLUB MEMBERS IN COMPLYING WITH THE REQUIREMENTS OF THE MOORING SYSTEM AND WILL DETERMINE MOORING ASSIGNMENTS BEST SUITED TO THE MEMBER'S BOAT.

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, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
03-0194221
Tax-exempt status
501(c)(7): Social or recreational club
Donations deductible
No
Exempt since
1949
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$804,997
Income (IRS master file)
$290,997

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$258,562$363,632$804,997XML
990December 2024$233,115$202,263$586,912XML
990December 2023$211,922$211,157$588,339XML
990December 2022$186,113$232,442$559,423IRS
990December 2021–––IRS
990December 2020–––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 03-0194221).

Questions about MALLETTS BAY BOAT CLUB INC

What is the EIN of MALLETTS BAY BOAT CLUB INC?
The employer identification number (EIN) of MALLETTS BAY BOAT CLUB INC is 03-0194221.
Is MALLETTS BAY BOAT CLUB INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1949.
Are donations to MALLETTS BAY BOAT CLUB INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does MALLETTS BAY BOAT CLUB 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 MALLETTS BAY BOAT CLUB INC 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 MALLETTS BAY BOAT CLUB INC 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 MALLETTS BAY BOAT CLUB INC?
The 990 for the year ended December 31, 2025 names MICHAEL QUAID.
Who are the officers and directors of MALLETTS BAY BOAT CLUB INC?
The 990 for the year ended December 31, 2025 lists 17 people; 1 received compensation from the organization, the highest $8,000 (MICHELLE MATHIAS, TREASURER).
How much revenue does MALLETTS BAY BOAT CLUB INC have?
On its 990 for the year ended December 31, 2025 it reported revenue of $258,562, expenses of $363,632 and total assets of $804,997 at year end.

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