Nonprofit · EIN 04-2260506
QUISSETT YACHT CLUB INC
Tax-exempt · FALMOUTH, MA 02541
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $269,552 | $212,002 | $57,550 | $514,847 | $0 | $514,847 |
| December 31, 2023 | 990 | $218,196 | $212,537 | $5,659 | $458,534 | $1,237 | $457,297 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $156,046
- Membership dues
- $123,036
- Program service revenue
- $107,410
- Investment income
- $5,091
- Net income from sales of inventory
- $1,005
- Other revenue
- $1,005
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $62,691
- Salaries, compensation and benefits (total)
- $68,803
- Professional fundraising fees
- $0
- Accounting fees
- $906
- Program services (functional)
- $208,296
- Management and general (functional)
- $3,706
Balance sheet and other
- Total assets, start of year
- $458,534
- Total assets, end of year
- $514,847
- Total liabilities, end of year
- $0
- Net assets, end of year
- $514,847
- Land, buildings and equipment
- $327,034
- Gross receipts
- $272,107
- Employees
- 15
- Volunteers
- 50
- Year formed
- 1959
- 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 McGuire | Director Trustee or director | 1 | $0 |
| Bernadette Levesque | Director Trustee or director | 1 | $0 |
| Sarah Meigs | Director Trustee or director | 1 | $0 |
| Andy Buckingham | Director Trustee or director | 1 | $0 |
| Kristin Wesolaski | Director Trustee or director | 1 | $0 |
| Carly Borken | Director Trustee or director | 1 | $0 |
| Tom Tullius | Commodore Officer | 1 | $0 |
| Eric Karplus | Vice Commodore Officer | 1 | $0 |
| Mike Garfield Jr | Rear Commodore Officer | 1 | $0 |
| Maureen Lynch | Treasurer Officer | 1 | $0 |
| Daniel Robb | Secretary Officer | 1 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Tom Tullius | Commodore Officer | 1 | $0 |
| Eric Karplus | Vice Commodore Officer | 1 | $0 |
| Mike Garfield | Rear Commodore Officer | 1 | $0 |
| Maureen Lynch | Treasurer Officer | 1 | $0 |
| Daniel Robb | Secretary Officer | 1 | $0 |
| Sally Reid | Director Trustee or director | 1 | $0 |
| Ed Jackson | Director Trustee or director | 1 | $0 |
| Chris McGuire | Director Trustee or director | 1 | $0 |
| Bernadette Levesque | Director Trustee or director | 1 | $0 |
| Sarah Meigs | Director Trustee or director | 1 | $0 |
| Andy Buckingham | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 681, FALMOUTH, MA 02541-0681
- Principal officer (990 for 2024)
- Maureen Lynch, 30 Oyster Pond Road, Falmouth, MA 02540
- Signed the 990
- Maureen Lynch, Treasurer
- Phone
- (508) 540-1896
- Website
- www.quissettyachtclub.org
- Return prepared by
- Mia L Green
Mission
Provide instruction and guidance in a junior sailing program, boating programs and social activities.
Program accomplishments
- Provide instruction and guidance in a junior sailing program for 250 children with 15 instructors. The orpanization participates and/or hosts approximately 35 small sailboat races.Expenses $208,296 · revenue $269,551
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
- 04-2260506
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1960
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $514,847
- Income (IRS master file)
- $272,107
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $269,552 | $212,002 | $514,847 | IRS |
| 990 | December 2023 | $218,196 | $212,537 | $458,534 | XML |
| 990 | December 2022 | $197,273 | $197,138 | $451,639 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 04-2260506).
Questions about QUISSETT YACHT CLUB INC
- What is the EIN of QUISSETT YACHT CLUB INC?
- The employer identification number (EIN) of QUISSETT YACHT CLUB INC is 04-2260506.
- Is QUISSETT YACHT CLUB INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1960.
- Are donations to QUISSETT YACHT CLUB INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does QUISSETT 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 QUISSETT 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 QUISSETT 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 QUISSETT YACHT CLUB INC?
- The 990 for the year ended December 31, 2024 names Maureen Lynch.
- Who are the officers and directors of QUISSETT YACHT CLUB INC?
- The 990 for the year ended December 31, 2024 lists 11 people; 0 received compensation from the organization.
- How much revenue does QUISSETT YACHT CLUB INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $269,552, expenses of $212,002 and total assets of $514,847 at year end.
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