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Nonprofit · EIN 04-2222212

MARBLEHEAD YACHT CLUB INC

Tax-exempt · MARBLEHEAD, MA 01945

Financials

$380K$379K2023$400K$427K2024
Revenue Expenses · by fiscal year end
Financials of MARBLEHEAD YACHT CLUB INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$400,267$427,033-$26,766$206,389$2,445$203,944
December 31, 2023990$379,965$378,810$1,155$236,470$5,759$230,711
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$353,776
Membership dues
$346,482
Program service revenue
$43,822
Investment income
$2,669
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$166,451
Salaries, compensation and benefits (total)
$183,716
Professional fundraising fees
$0
Depreciation
$8,407
Program services (functional)
$427,033

Balance sheet and other

Total assets, start of year
$236,470
Total assets, end of year
$206,389
Total liabilities, end of year
$2,445
Net assets, end of year
$203,944
Land, buildings and equipment
$64,216
Gross unrelated business income
$1,977
Gross receipts
$400,267
Employees
14
Volunteers
0
Year formed
1878
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.

NameTitleHours / weekCompensationOther / benefits
DAVID WILLIAMSDIRECTOR
Trustee or director
1$0$1,212
NEIL MCCANNCLERK
Trustee or director
0$0$0
THOMAS HARNEYVICE PRESIDENT
Trustee or director
0$0$0
JANE CLAYTONDIRECTOR
Trustee or director
0$0$0
ANDREW GARNITZDIRECTOR
Trustee or director
1$0$0
MARY LANDRYDIRECTOR
Trustee or director
1$0$0
MARCEL NYFFENEGGERDIRECTOR
Officer
1$0$0
NEAL COHENTREASURER
Officer
1$0$0
DAVID WEBERPRESIDENT
Officer
1$0$0
DAVID WALKERVICE PRESIDENT
Officer
1$0$0
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensation
NEIL MCCANNCLERK
Trustee or director
1$0
WILLIAM KEYESDIRECTOR
Trustee or director
0$0
THOMAS HARNEYDIRECTOR
Trustee or director
0$0
JANE CLAYTONDIRECTOR
Trustee or director
0$0
DAVID WILLIAMSDIRECTOR
Trustee or director
0$0
MARCEL NYFFENEGGERPRESIDENT
Officer
1$0
NEAL COHENTREASURER
Officer
1$0
DAVID WEBERVICE PRESIDENT
Officer
1$0
DAVID WALKERVICE PRESIDENT
Officer
1$0

Address and contacts

Address (IRS master file)
4 CLIFF ST, MARBLEHEAD, MA 01945-3006
Principal officer (990 for 2024)
NEAL J COHEN, 4 CLIFF STREET, MARBLEHEAD, MA 01945
Signed the 990
NEAL J COHEN, TREASURER
Phone
(781) 631-9771
Return prepared by
GAUTHIER & COMPANY CPAS INC

Mission

PROVIDE LAUNCH SERVICE, CLUB HOUSE, SOCIAL EVENTS AND CLASSES ON BOATING

990 for the year ended December 31, 2024

Program accomplishments

  • LAUNCH SERVICE
  • CLUBHOUSE AND FACILITIES FOR MEMBER USE
  • SOCIAL EVENTS FOR MEMBERSHIP
  • EXPENSES FOR ALL PROGRAM SERVICES, NOT ALLOCATED BY PROGRAM
    Expenses $427,033

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, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
04-2222212
Tax-exempt status
501(c)(7): Social or recreational club
Donations deductible
No
Exempt since
1978
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$206,389
Income (IRS master file)
$400,267

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$400,267$427,033$206,389XML
990December 2023$379,965$378,810$236,470XML
990December 2022$349,156$362,813$254,763IRS
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 04-2222212).

Questions about MARBLEHEAD YACHT CLUB INC

What is the EIN of MARBLEHEAD YACHT CLUB INC?
The employer identification number (EIN) of MARBLEHEAD YACHT CLUB INC is 04-2222212.
Is MARBLEHEAD YACHT CLUB INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1978.
Are donations to MARBLEHEAD YACHT CLUB INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does MARBLEHEAD 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 MARBLEHEAD 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 MARBLEHEAD 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 MARBLEHEAD YACHT CLUB INC?
The 990 for the year ended December 31, 2024 names NEAL J COHEN.
Who are the officers and directors of MARBLEHEAD YACHT CLUB INC?
The 990 for the year ended December 31, 2024 lists 10 people; 0 received compensation from the organization.
How much revenue does MARBLEHEAD YACHT CLUB INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $400,267, expenses of $427,033 and total assets of $206,389 at year end.

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