Nonprofit · EIN 06-0453450
MILFORD YACHT CLUB INC
Tax-exempt · MILFORD, CT 06460
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,618,964 | $1,450,912 | $168,052 | $3,704,611 | $1,019,954 | $2,684,657 |
| December 31, 2023 | 990 | $1,362,918 | $1,233,320 | $129,598 | $3,557,134 | $1,040,531 | $2,516,603 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,538,777
- Membership dues
- $1,538,777
- Program service revenue
- $180,332
- Investment income
- $26,662
- Net rental income
- $3,946
- Net income from sales of inventory
- -$130,753
- Other revenue
- -$126,807
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $274,080
- Salaries, compensation and benefits (total)
- $447,245
- Professional fundraising fees
- $0
- Legal fees
- $2,925
- Accounting fees
- $19,700
- Depreciation
- $105,644
- Program services (functional)
- $1,450,912
Balance sheet and other
- Total assets, start of year
- $3,557,134
- Total assets, end of year
- $3,704,611
- Total liabilities, end of year
- $1,019,954
- Net assets, end of year
- $2,684,657
- Land, buildings and equipment
- $2,246,323
- Net assets without donor restrictions
- $2,684,657
- Gross receipts
- $3,189,165
- Employees
- 122
- Volunteers
- 25
- Year formed
- 1903
- State of legal domicile
- CT
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 |
|---|---|---|---|
| Erika Stine-Clayton | Director Trustee or director | 1 | $0 |
| Kenneth Herbet PC | Director Trustee or director | 1 | $0 |
| Peter Cozzolino | Director Trustee or director | 1 | $0 |
| Blake W Humphreys | Director Trustee or director | 1 | $0 |
| Paul Blanchard | Director Trustee or director | 1 | $0 |
| Travis Herman | Director Trustee or director | 1 | $0 |
| Michael D Amato PC | Treasurer Officer | 10 | $0 |
| Albert W Franke PC | Vice-Commodore Officer | 10 | $0 |
| Bruce Scull | Rear Commodore Officer | 10 | $0 |
| Lauren Cozzolino Davies | Fleet Captain Officer | 10 | $0 |
| Bruce P Kuryla PC | Commodore Officer | 10 | $0 |
| Robert Bepko Jr | Secretary Officer | 10 | $0 |
| Clifford Kramer MD | Fleet Surgeon Officer | 10 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Blake Humphreys | Director Trustee or director | 1 | $0 |
| Erika Stine-Clayton | Director Trustee or director | 1 | $0 |
| Ken Herbet | Director Trustee or director | 1 | $0 |
| Peter Cozzolino | Director Trustee or director | 1 | $0 |
| John Tuozzoli | Director Trustee or director | 1 | $0 |
| Lauren Cozzolino | Director Trustee or director | 1 | $0 |
| Michael Amato | Commodore Officer | 10 | $0 |
| Albert Franke | Vice-Commodore Officer | 10 | $0 |
| Sarah Ferrante | Rear Commodore Officer | 10 | $0 |
| Bruce Scull | Fleet Captain Officer | 10 | $0 |
| Bruce P Kuryla | Treasurer Officer | 10 | $0 |
| Robert Bepko | Secretary Officer | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 131 TRUMBULL AVE, MILFORD, CT 06460-6463
- Principal officer (990 for 2024)
- Bruce P Kuryla, 131 Trumbull Avenue, Milford, CT 06460
- Signed the 990
- Bruce P Kuryla, Commodore
- Phone
- (203) 783-0060
- Website
- www.milfordyachtclub.com
- Return prepared by
- Michael J Paolini CPA
Mission
To promote interest in yachting and related social activities.
Program accomplishments
- To promote interest in yachting and related social activities.Expenses $1,450,912 · revenue $80,187
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
- 06-0453450
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1944
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $3,704,611
- Income (IRS master file)
- $3,189,165
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,618,964 | $1,450,912 | $3,704,611 | XML |
| 990 | December 2023 | $1,362,918 | $1,233,320 | $3,557,134 | XML |
| 990 | December 2022 | $1,003,002 | $984,203 | $3,523,143 | 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 06-0453450).
Questions about MILFORD YACHT CLUB INC
- What is the EIN of MILFORD YACHT CLUB INC?
- The employer identification number (EIN) of MILFORD YACHT CLUB INC is 06-0453450.
- Is MILFORD YACHT CLUB INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1944.
- Are donations to MILFORD YACHT CLUB INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MILFORD 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 MILFORD 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 MILFORD 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 MILFORD YACHT CLUB INC?
- The 990 for the year ended December 31, 2024 names Bruce P Kuryla.
- Who are the officers and directors of MILFORD YACHT CLUB INC?
- The 990 for the year ended December 31, 2024 lists 13 people; 0 received compensation from the organization.
- How much revenue does MILFORD YACHT CLUB INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,618,964, expenses of $1,450,912 and total assets of $3,704,611 at year end.
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