Nonprofit · EIN 04-1734331
POINT INDEPENDENCE YACHT CLUB INC
Tax-exempt · ONSET, MA 02558
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $671,416 | $694,918 | -$23,502 | $2,092,860 | $589,815 | $1,503,045 |
| December 31, 2023 | 990 | $641,931 | $633,619 | $8,312 | $2,145,926 | $619,379 | $1,526,547 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $588,913
- Investment income
- $4,950
- Net rental income
- $14,990
- Net income from sales of inventory
- $14,096
- Other revenue
- $77,553
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $128,896
- Salaries, compensation and benefits (total)
- $145,176
- Professional fundraising fees
- $0
- Accounting fees
- $6,552
- Depreciation
- $133,759
- Program services (functional)
- $420,016
- Management and general (functional)
- $141,143
Balance sheet and other
- Total assets, start of year
- $2,145,926
- Total assets, end of year
- $2,092,860
- Total liabilities, end of year
- $589,815
- Net assets, end of year
- $1,503,045
- Land, buildings and equipment
- $1,919,720
- Gross unrelated business income
- $59,735
- Gross receipts
- $872,405
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1908
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHRIS KUPPENS | DIRECTOR Trustee or director | 2 | $0 |
| EMMANUEL GOMES | DIRECTOR Trustee or director | 2 | $0 |
| RICHARD BEAULIEU | DIRECTOR Trustee or director | 2 | $0 |
| MICHAEL IAPPINI | DIRECTOR Trustee or director | 2 | $0 |
| RICHARD MELLONI | DIRECTOR Trustee or director | 2 | $0 |
| DONALD E PHIPPS | DIRECTOR Trustee or director | 2 | $0 |
| GREGORY BUKUNT | DIRECTOR Trustee or director | 2 | $0 |
| CHRISTINE COUGHLIN | DIRECTOR Trustee or director | 2 | $0 |
| RONALD ENOS | DIRECTOR Trustee or director | 2 | $0 |
| PAUL BEAULIEU | DIRECTOR Trustee or director | 2 | $0 |
| GLENN SAWYER JR | DIRECTOR Trustee or director | 2 | $0 |
| BRAD MORSE | DIRECTOR Trustee or director | 2 | $0 |
| THOMAS SULLIVAN | PRESIDENT Officer | 2 | $0 |
| ERIN SCHAAF | TREASURER Officer | 8 | $0 |
| PATRICK POWERS | CLERK Officer | 2 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHRIS KUPPENS | DIRECTOR Trustee or director | 2 | $0 |
| THOMAS P SULLIVAN | DIRECTOR Trustee or director | 2 | $0 |
| DANIEL J DONOVAN | DIRECTOR Trustee or director | 2 | $0 |
| MICHAEL IAPPINI | DIRECTOR Trustee or director | 2 | $0 |
| RICHARD MELLONI | DIRECTOR Trustee or director | 2 | $0 |
| DONALD E PHIPPS | DIRECTOR Trustee or director | 2 | $0 |
| JEFFREY J BUKUNT | DIRECTOR Trustee or director | 2 | $0 |
| PAUL SULLIVAN | DIRECTOR Trustee or director | 2 | $0 |
| NEIL SULLIVAN | DIRECTOR Trustee or director | 2 | $0 |
| EMANUAL GOMES | DIRECTOR Trustee or director | 2 | $0 |
| GREGORY BUKUNT | DIRECTOR Trustee or director | 2 | $0 |
| DENNIS LANGLAIS | DIRECTOR Trustee or director | 2 | $0 |
| CHRISTINE COUGHLIN | PRESIDENT Officer | 2 | $0 |
| ERIN SCHAAF | TREASURER Officer | 8 | $0 |
| RONALD ENOS | CLERK Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 367, ONSET, MA 02558-0367
- In care of
- % ERIN SCHAAF
- Principal officer (990 for 2024)
- ERIN SCHAAF, 15 INDEPENDENCE LANE, ONSET, MA 02558
- Signed the 990
- ERIN SCHAAF, TREASURER
- Phone
- (508) 295-3972
- Return prepared by
- FACCHETTI & FACCHETTI LTD
Mission
THE CLUBS MISSION IS TO PROVIDE AND OCEANSIDE CLUBHOUSE AND BOATING FACILITIES FOR MEMBERS.
Program accomplishments
- THE CLUB PROVIDES A COMFORTABLE OCEANSIDE CLUBHOUSE AND COMPLETE BOATING FACILITIES FOR THE PLEASURE AND RELAXATION OF ITS MEMBERS. THE ORGANIZATION ALSO PROVIDES A SAFE HAVEN FOR TRANSIENT BOATERS.Expenses $420,016
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 | Not 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
- 04-1734331
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1945
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $2,092,860
- Income (IRS master file)
- $872,405
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $671,416 | $694,918 | $2,092,860 | XML |
| 990 | December 2023 | $641,931 | $633,619 | $2,145,926 | XML |
| 990 | December 2022 | $617,941 | $580,060 | $2,162,491 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 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 04-1734331).
Questions about POINT INDEPENDENCE YACHT CLUB INC
- What is the EIN of POINT INDEPENDENCE YACHT CLUB INC?
- The employer identification number (EIN) of POINT INDEPENDENCE YACHT CLUB INC is 04-1734331.
- Is POINT INDEPENDENCE YACHT CLUB INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1945.
- Are donations to POINT INDEPENDENCE YACHT CLUB INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does POINT INDEPENDENCE YACHT 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 POINT INDEPENDENCE YACHT CLUB INC 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 POINT INDEPENDENCE YACHT CLUB INC 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 POINT INDEPENDENCE YACHT CLUB INC?
- The 990 for the year ended December 31, 2024 names ERIN SCHAAF.
- Who are the officers and directors of POINT INDEPENDENCE YACHT CLUB INC?
- The 990 for the year ended December 31, 2024 lists 15 people; 0 received compensation from the organization.
- How much revenue does POINT INDEPENDENCE YACHT CLUB INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $671,416, expenses of $694,918 and total assets of $2,092,860 at year end.
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