Nonprofit · EIN 05-0235450
WATCH HILL YACHT CLUB
Tax-exempt · WESTERLY, RI 02891
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,204,555 | $2,015,698 | $188,857 | $7,452,741 | $169,951 | $7,282,790 |
| December 31, 2023 | 990 | $2,126,491 | $2,152,332 | -$25,841 | $7,204,528 | $165,929 | $7,038,599 |
| December 31, 2021 | 990 | $1,774,443 | $1,747,697 | $26,746 | $7,230,861 | $463,823 | $6,767,038 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,777,403
- Investment income
- $60,640
- Net rental income
- $71,389
- Net income from sales of inventory
- $286,039
- Other revenue
- $366,512
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $132,423
- Other salaries and wages
- $591,291
- Salaries, compensation and benefits (total)
- $908,282
- Professional fundraising fees
- $0
- Legal fees
- $19,626
- Accounting fees
- $2,750
- Occupancy
- $27,568
- Travel
- $525
- Depreciation
- $208,790
Balance sheet and other
- Total assets, start of year
- $7,204,528
- Total assets, end of year
- $7,452,741
- Total liabilities, end of year
- $169,951
- Net assets, end of year
- $7,282,790
- Land, buildings and equipment
- $6,410,278
- Publicly traded securities
- $276,960
- Gross unrelated business income
- $126,174
- Gross receipts
- $2,438,433
- Employees
- 57
- Year formed
- 1913
- State of legal domicile
- RI
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 |
|---|---|---|---|
| DANIEL BARBER | DIRECTOR Trustee or director | 1 | $0 |
| DEBORAH BELL | DIRECTOR Trustee or director | 1 | $0 |
| KERI BRENNER | TREASUER Trustee or director, Officer | 2 | $0 |
| GRETCHEN BROOKS | DIRECTOR Trustee or director | 1 | $0 |
| THOMAS DONGHUE | DIRECTOR Trustee or director | 1 | $0 |
| KENNETH A FONTAINE | REAR COMMODO Trustee or director, Officer | 2 | $0 |
| GERALD GORMAN | DIRECTOR Trustee or director | 1 | $0 |
| DAVID GRANDE | SECRETARY Trustee or director, Officer | 2 | $0 |
| DONNA HIRES | DIRECTOR Trustee or director | 1 | $0 |
| KAREN HOGAN | DIRECTOR Trustee or director | 1 | $0 |
| MARGARET KELLY | DIRECTOR Trustee or director | 1 | $0 |
| MARGARET MARY KNIGHT | DIRECTOR Trustee or director | 1 | $0 |
| JEFFREY LIVINGSTON | COMMODORE Trustee or director, Officer | 3 | $0 |
| DENNIS MOORE | DIRECTOR Trustee or director | 1 | $0 |
| MICHELE OLENDER | DIRECTOR Trustee or director | 1 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARK SCHNEIDER | DIRECTOR Trustee or director | 1 | $0 |
| STEPHEN SCHWARTZ | DIRECTOR Trustee or director | 1 | $0 |
| GRANT SIMMONSIII | DIRECTOR Trustee or director | 1 | $0 |
| JENNIFER C WEIER | VICE COMMODO Trustee or director, Officer | 2 | $0 |
990 for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Margaret Kelly | Director Trustee or director | 1 | $0 |
| Michele Olender | Director Trustee or director | 1 | $0 |
| Jennifer C Weier | Rear Commodore Trustee or director, Officer | 2 | $0 |
| Stephen Schwartz | Director Trustee or director | 1 | $0 |
| Keri Brenner | Director Trustee or director | 1 | $0 |
| Jeffrey Livingston | Vice Commodore Trustee or director, Officer | 3 | $0 |
| Kenneth A Fontaine | Treasurer Trustee or director, Officer | 2 | $0 |
| Dierdre Casey | Director Trustee or director | 1 | $0 |
| Scott Vincens | Commodore Trustee or director, Officer | 5 | $0 |
| Karen Hogan | Director Trustee or director | 1 | $0 |
| Grant Simmons III | Director Trustee or director | 1 | $0 |
| Donna Hires | Director Trustee or director | 1 | $0 |
| Dennis Moore | Director Trustee or director | 1 | $0 |
| David Grande | Secretary Trustee or director, Officer | 2 | $0 |
| Mark Schneider | Director Trustee or director | 1 | $0 |
| Gretchen Brooks | Director Trustee or director | 1 | $0 |
| Deborah Bell | Director Trustee or director | 1 | $0 |
| Thomas Donoghue | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2021: 18 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Douglas Crawford | Director Trustee or director | 1 | $0 |
| Michele Olender | Director Trustee or director | 1 | $0 |
| Jennifer C Weier | Secretary Trustee or director, Officer | 1 | $0 |
| Stephen Schwartz | Director Trustee or director | 1 | $0 |
| Keri Brenner | Director Trustee or director | 1 | $0 |
| Jeffrey Livingston | Rear Commodore Trustee or director, Officer | 2 | $0 |
| Kenneth A Fontaine | Treasurer Trustee or director, Officer | 2 | $0 |
| Dierdre Casey | Director Trustee or director | 1 | $0 |
| Scott Vincens | Vice Commodore Trustee or director, Officer | 3 | $0 |
| Melissa W Merrill | Director Trustee or director | 1 | $0 |
| Karen Hogan | Director Trustee or director | 1 | $0 |
| Donald R Kelly | Director Trustee or director | 1 | $0 |
| Donna Hires | Director Trustee or director | 1 | $0 |
| Dennis Moore | Director Trustee or director | 1 | $0 |
| David Grande | Director Trustee or director | 1 | $0 |
| Mark Schneider | Director Trustee or director | 1 | $0 |
| John B Daukas Jr | Commodore Trustee or director, Officer | 5 | $0 |
| Deborah Bell | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 2933, WESTERLY, RI 02891-0932
- Principal officer (990 for 2024)
- JEFFREY LIVINGSTON, PO BOX 2933, WESTERLY, RI 02891
- Signed the 990
- KERI BRENNER, TREASUER
- Phone
- (401) 596-4986
- Website
- WWW.WHYC.NET
- Return prepared by
- HOYT FILIPPETTI & MALAGHAN LLC
Mission
THE WATCH HILL YACHT CLUB IS COMMITTED TO PROMOTING AND SUPPORTING YACHT RACING AND BOATING ACTIVITIES FOR ALL OF ITS MEMBERS AND THEIR FAMILIES, WHILE ENSURING SAFETY AND CAMARADERIE, WITH THE ABILITY TO FURTHER THEIR PASSION FOR BOATING.
Program accomplishments
- JUNIOR SAILING PROGRAM - SAILING INSTRUCTION & RACING EVENTS FOR MEMBERS AND NON-MEMBERS AGES 8-18.
- JUNIOR AND SENIOR ENTERTAINMENT - SOCIAL EVENTS FOR ALL MEMBERS.
- REGATTA - SAILBOAT RACING FOR ALL MEMBERS AND NON-MEMBERS.
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
- 05-0235450
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1956
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $7,452,741
- Income (IRS master file)
- $2,438,433
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,204,555 | $2,015,698 | $7,452,741 | XML |
| 990 | December 2023 | $2,126,491 | $2,152,332 | $7,204,528 | XML |
| 990 | December 2022 | $2,234,768 | $1,938,406 | $7,261,303 | IRS |
| 990 | December 2021 | $1,774,443 | $1,747,697 | $7,230,861 | XML |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 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 05-0235450).
Questions about WATCH HILL YACHT CLUB
- What is the EIN of WATCH HILL YACHT CLUB?
- The employer identification number (EIN) of WATCH HILL YACHT CLUB is 05-0235450.
- Is WATCH HILL YACHT CLUB tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1956.
- Are donations to WATCH HILL YACHT CLUB tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does WATCH HILL 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 WATCH HILL YACHT CLUB 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 WATCH HILL YACHT CLUB 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 WATCH HILL YACHT CLUB?
- The 990 for the year ended December 31, 2024 names JEFFREY LIVINGSTON.
- Who are the officers and directors of WATCH HILL YACHT CLUB?
- The 990 for the year ended December 31, 2024 lists 19 people; 0 received compensation from the organization.
- How much revenue does WATCH HILL YACHT CLUB have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,204,555, expenses of $2,015,698 and total assets of $7,452,741 at year end.
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