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Nonprofit · EIN 04-1209030

CORINTHIAN YACHT CLUB

Tax-exempt · MARBLEHEAD, MA 01945

Financials

$5.8M$5M2022$6.4M$5.5M2023$5.8M$6M2024
Revenue Expenses · by fiscal year end
Financials of CORINTHIAN YACHT CLUB by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
October 31, 2025990$5,828,511$5,966,515-$138,004$13,493,203$1,200,095$12,293,108
October 31, 2024990$6,396,160$5,465,418$930,742$13,637,830$1,205,109$12,432,721
October 31, 2023990$5,832,080$4,969,790$862,290$11,962,725$456,733$11,505,992
Financial details: 990 for the year ended October 31, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$3,815,293
Investment income
$17,067
Net rental income
$134,310
Net income from sales of inventory
$1,861,841
Other revenue
$1,996,151

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$234,469
Other salaries and wages
$2,461,995
Salaries, compensation and benefits (total)
$3,335,451
Professional fundraising fees
$0
Legal fees
$31,561
Accounting fees
$25,500
Occupancy
$342,874
Depreciation
$687,872

Balance sheet and other

Total assets, start of year
$13,637,830
Total assets, end of year
$13,493,203
Total liabilities, end of year
$1,200,095
Net assets, end of year
$12,293,108
Land, buildings and equipment
$11,352,617
Net assets without donor restrictions
$12,293,108
Gross unrelated business income
$332,814
Gross receipts
$6,496,772
Employees
184
Volunteers
160
Year formed
1885
State of legal domicile
MA

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 October 31, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
DAVE TITUSGENERAL MANAGER
Former
40$187,221$6,503
JOE WEGLARZDIRECTOR OF FINANCE
Highest-paid employee
40$150,559$21,150
JACK CARNEYWATERFRONT DIRECTOR
Highest-paid employee
40$125,278$14,185
MELISSA ELLISONHUMAN RESOURCES
Highest-paid employee
40$134,712$4,589
TODD SENGERSCHEF/KITCHEN MNGR
Highest-paid employee
40$108,798$19,632
KARL C RENNEYCOMMODORE
Trustee or director, Officer
10$0$0
DOUGLAS G SABINVICE COMMODORE
Trustee or director, Officer
10$0$0
STEPHEN T UHLREAR COMMODORE
Trustee or director, Officer
10$0$0
JOHN D WELCHSECRETARY
Trustee or director, Officer
10$0$0
DUNCAN G PERRYTREASURER
Trustee or director, Officer
10$0$0
DAN GABRIELBOARD MEMBER
Trustee or director
10$0$0
MEGHAN PATTERSONBOARD MEMBER
Trustee or director
10$0$0
990 for the year ended October 31, 2024: 12 people
NameTitleHours / weekCompensationOther / benefits
DAVE TITUSGENERAL MANAGER
Key employee
40$170,414$15,862
JOE WEGLARZDIR. OF FINANCE
Highest-paid employee
40$140,913$20,905
JACK CARNEYWATERFRONT DIRECTOR
Highest-paid employee
40$120,490$14,033
TODD SENGERSCHEF/KITCHEN MANAGER
Highest-paid employee
40$102,724$22,598
JAMES RAISIDESCOMMODORE
Trustee or director, Officer
10$0$0
KARL RENNEYVICE COMMODORE
Trustee or director, Officer
10$0$0
DOUG SABINREAR COMMODORE
Trustee or director, Officer
10$0$0
JOHN WELCHSECRETARY
Trustee or director, Officer
10$0$0
JOHN GODFREYTREASURER
Trustee or director, Officer
10$0$0
JOE CUNNIFFBOARD MEMBER
Trustee or director
10$0$0
SEAN GREELYBOARD MEMBER
Trustee or director
10$0$0
MEGHAN PATTERSONBOARD MEMBER
Trustee or director
10$0$0
990 for the year ended October 31, 2023: 11 people
NameTitleHours / weekCompensationOther / benefits
DAVE TITUSGENERAL MANAGER
Key employee
40$161,023$23,962
JOE WEGLARZDIR OF FINANCE
Highest-paid employee
40$132,324$19,837
JACK CARNEYWATERFRONT DIRECTOR
Highest-paid employee
40$114,896$9,057
JAMES RAISIDESCOMMODORE
Trustee or director, Officer
10$0$0
KARL RENNEYVICE COMMODORE
Trustee or director, Officer
10$0$0
DOUG SABINREAR COMMODORE
Trustee or director, Officer
10$0$0
JOHN WELCHSECRETARY
Trustee or director, Officer
10$0$0
JOHN GODFREYTREASURER
Trustee or director, Officer
10$0$0
PATRICK DONNEGANBOARD MEMBER
Trustee or director
10$0$0
SEAN GREELYBOARD MEMBER
Trustee or director
10$0$0
MEGHAN PATTERSONBOARD MEMBER
Trustee or director
10$0$0

Address and contacts

Address (IRS master file)
1 NAHANT ST, MARBLEHEAD, MA 01945-3823
Principal officer (990 for 2024)
JOHN GODFREY, PO BOX 401, MARBLEHEAD, MA 019450401
Signed the 990
JOHN GODFREY, TREASURER
Phone
(781) 631-0005
Return prepared by
CONDON O'MEARA MCGINTY & DONNELLY LLP

Mission

THE CORINTHIAN YACHT CLUB'S MISSION IS TO FOSTER OUR HISTORIC CHARTER AS A COMPETITIVE SAILING CLUB, NURTURE A CULTURE THAT IS FRIENDLY TO FAMILIES AND NON-SAILING MEMBERS, AND BE GOOD STEWARDS OF OUR RESOURCES TO ENSURE THE CLUB FOR FUTURE GENERATIONS.

990 for the year ended October 31, 2025

Program accomplishments

  • TAX EXEMPT CLUB ACTIVITIES.

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 October, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025October 31, 2026March 15, 2027Not due yet
2024October 31, 2025March 16, 2026990 on file
2023October 31, 2024March 17, 2025990 on file

IRS record

EIN
04-1209030
Tax-exempt status
501(c)(7): Social or recreational club
Donations deductible
No
Exempt since
1936
Accounting year ends
October
Files
Form 990 or 990-EZ
Assets (IRS master file)
$13,493,203
Income (IRS master file)
$6,496,772

Filing history

FormYear endedRevenueExpensesAssetsReturn
990October 2025$5,828,511$5,966,515$13,493,203XML
990October 2024$6,396,160$5,465,418$13,637,830XML
990October 2023$5,832,080$4,969,790$11,962,725XML
990October 2022$4,657,900$4,529,212$10,951,749IRS
990October 2021–––IRS
990October 2020–––IRS
990October 2019–––IRS
990October 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 04-1209030).

Questions about CORINTHIAN YACHT CLUB

What is the EIN of CORINTHIAN YACHT CLUB?
The employer identification number (EIN) of CORINTHIAN YACHT CLUB is 04-1209030.
Is CORINTHIAN YACHT CLUB tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1936.
Are donations to CORINTHIAN YACHT CLUB tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does CORINTHIAN 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 CORINTHIAN YACHT CLUB due?
The return for tax year 2025 (the year ending October 31, 2026) is due March 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did CORINTHIAN YACHT CLUB last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended October 2025.
Who is the principal officer of CORINTHIAN YACHT CLUB?
The 990 for the year ended October 31, 2025 names JOHN GODFREY.
Who are the officers and directors of CORINTHIAN YACHT CLUB?
The 990 for the year ended October 31, 2025 lists 12 people; 5 received compensation from the organization, the highest $187,221 (DAVE TITUS, GENERAL MANAGER).
How much revenue does CORINTHIAN YACHT CLUB have?
On its 990 for the year ended October 31, 2025 it reported revenue of $5,828,511, expenses of $5,966,515 and total assets of $13,493,203 at year end.

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