Nonprofit · EIN 04-2074469
FALMOUTH YACHT CLUB INC
Also known as FALMOUTH YACHT CLUB 2005
Tax-exempt · FALMOUTH, MA 02540
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $998,787 | $1,119,397 | -$120,610 | $4,413,442 | $1,209,385 | $3,204,057 |
| December 31, 2023 | 990 | $1,071,504 | $906,137 | $165,367 | $4,134,715 | $1,293,572 | $2,841,143 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,234,402
- Investment income
- $28,603
- Net income from sales of inventory
- -$265,919
- Other revenue
- -$264,218
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $340,305
- Salaries, compensation and benefits (total)
- $424,799
- Professional fundraising fees
- $0
- Legal fees
- $13,176
- Accounting fees
- $27,250
- Occupancy
- $70,473
- Depreciation
- $71,476
Balance sheet and other
- Total assets, start of year
- $4,134,715
- Total assets, end of year
- $4,413,442
- Total liabilities, end of year
- $1,209,385
- Net assets, end of year
- $3,204,057
- Land, buildings and equipment
- $3,952,016
- Net assets without donor restrictions
- $3,204,057
- Gross unrelated business income
- $38,413
- Gross receipts
- $2,152,940
- Employees
- 63
- Volunteers
- 68
- Year formed
- 1990
- 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 |
|---|---|---|---|
| JEFF CAMUSO | BOARD MEMBER Trustee or director | 2 | $0 |
| KATE KILLORY | COMMODORE Trustee or director, Officer | 2 | $0 |
| MICHAEL RICHARDS | VICE COMMODORE Trustee or director, Officer | 3 | $0 |
| CLIFF LONG | TREASURER Trustee or director, Officer | 5 | $0 |
| JAMES MCINNIS | PAST COMMODORE Trustee or director | 0 | $0 |
| BRIDGET HEBERT | BOARD MEMBER Trustee or director | 2 | $0 |
| SHIRLEY WALSH | BOARD MEMBER Trustee or director | 2 | $0 |
| JOHN WAYNE | BOARD MEMBER Trustee or director | 2 | $0 |
| VICTORIA CHAPMAN | BOARD MEMBER Trustee or director | 0 | $0 |
| RICHARD O'CONNELL | PAST COMMODORE Trustee or director | 5 | $0 |
| PEGGY WALKER | SECRETARY Trustee or director, Officer | 5 | $0 |
| GARY DOODLESACK | PAST COMMODORE Trustee or director | 2 | $0 |
| JENNIFER FOLLETT | BOARD MEMBER Trustee or director | 2 | $0 |
| JOHN CALLAHAN | BOARD MEMBER Trustee or director | 2 | $0 |
| RON GOLUB | BOARD MEMBER Trustee or director | 2 | $0 |
10 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JACK AMOUR | BOARD MEMBER Trustee or director | 2 | $0 |
| JAMIE TORMEY | REAR COMMODORE Trustee or director, Officer | 3 | $0 |
| MICHAEL ALLIETTA | BOARD MEMBER Trustee or director | 2 | $0 |
| ANDREW BONICA | BOARD MEMBER Trustee or director | 2 | $0 |
| BRENNAN HILL | BOARD MEMBER Trustee or director | 2 | $0 |
| JAMES DICOSTANZA | BOARD MEMBER Trustee or director | 2 | $0 |
| WILLIAM FRAWLEY | BOARD MEMBER Trustee or director | 2 | $0 |
| CYNTHIA O'CONNER | BOARD MEMBER Trustee or director | 2 | $0 |
| ROB RICHARDS | BOARD MEMBER Trustee or director | 2 | $0 |
| JOE VOCI | BOARD MEMBER Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JEFF CAMUSO | BOARD MEMBER Trustee or director | 2 | $0 |
| KATE KILLORY | COMMODORE Trustee or director, Officer | 2 | $0 |
| MICHAEL RICHARDS | VICE COMMODORE Trustee or director, Officer | 3 | $0 |
| CLIFF LONG | TREASURER Trustee or director, Officer | 5 | $0 |
| JAMES MCINNIS | PAST COMMODORE Trustee or director | 0 | $0 |
| BRIDGET HEBERT | BOARD MEMBER Trustee or director | 2 | $0 |
| SHIRLEY WALSH | BOARD MEMBER Trustee or director | 2 | $0 |
| JOHN WAYNE | BOARD MEMBER Trustee or director | 2 | $0 |
| VICTORIA CHAPMAN | BOARD MEMBER Trustee or director | 0 | $0 |
| RICHARD O'CONNELL | PAST COMMODORE Trustee or director | 5 | $0 |
| BOB SILVA | PAST COMMODORE Trustee or director | 2 | $0 |
| PEGGY WALKER | SECRETARY Trustee or director, Officer | 5 | $0 |
| GARY DOODLESACK | PAST COMMODORE Trustee or director | 2 | $0 |
| JENNIFER FOLLETT | BOARD MEMBER Trustee or director | 2 | $0 |
| JOHN CALLAHAN | BOARD MEMBER Trustee or director | 2 | $0 |
| RON GOLUB | BOARD MEMBER Trustee or director | 2 | $0 |
| JACK AMOUR | BOARD MEMBER Trustee or director | 2 | $0 |
| JAMIE TORMEY | REAR COMMODORE Trustee or director, Officer | 3 | $0 |
Address and contacts
- Address (IRS master file)
- 290 CLINTON AVE, FALMOUTH, MA 02540-3808
- Principal officer (990 for 2024)
- MIKE ALLIETTA, PO BOX 715, FALMOUTH, MA 02540
- Signed the 990
- MIKE ALLIETTA, TREASURER
- Phone
- (508) 548-3865
- Website
- WWW.FALMOUTHYACHTCLUB.COM
- Return prepared by
- PKF O'CONNOR DAVIES ADVISORY LLC
Mission
THE PURPOSE OF THE CLUB IS TO PROMOTE YACHTING, PROVIDE AND MAINTAIN A SUITABLE CLUBHOUSE, AND ENCOURAGE GOOD FELLOWSHIP AMONG ITS MEMBERS.
Program accomplishments
- MAINTAINING DINING AND LOUNG FACILITIES FOR THE SOCIAL GATHERING OF MEMBERS, MEMBER FAMILIES, AND THEIR GUESTS.
- MAINTAINING BEACH FACILITIES FOR THE SOCIAL GATHERING OF MEMBERS, MEMBERS FAMILIES, AND THEIR INVITED GUESTS.
- MAINTAINING DOCKS AND MOORING FACILITIES TO FACILITATE THE SAILING AND OTHER BOATING ACTIVITIES OF MEMBERS, MEMBERS FAMILIES, AND THEIR INVITED GUESTS.
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
- 04-2074469
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1980
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $4,413,442
- Income (IRS master file)
- $2,152,940
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $998,787 | $1,119,397 | $4,413,442 | XML |
| 990 | December 2023 | $1,071,504 | $906,137 | $4,134,715 | XML |
| 990 | December 2022 | $1,012,127 | $822,221 | $2,847,825 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 04-2074469).
Questions about FALMOUTH YACHT CLUB INC
- What is the EIN of FALMOUTH YACHT CLUB INC?
- The employer identification number (EIN) of FALMOUTH YACHT CLUB INC is 04-2074469.
- Is FALMOUTH YACHT CLUB INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1980.
- Are donations to FALMOUTH YACHT CLUB INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does FALMOUTH 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 FALMOUTH 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 FALMOUTH 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 FALMOUTH YACHT CLUB INC?
- The 990 for the year ended December 31, 2024 names MIKE ALLIETTA.
- Who are the officers and directors of FALMOUTH YACHT CLUB INC?
- The 990 for the year ended December 31, 2024 lists 25 people; 0 received compensation from the organization.
- How much revenue does FALMOUTH YACHT CLUB INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $998,787, expenses of $1,119,397 and total assets of $4,413,442 at year end.
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