Nonprofit · EIN 06-0866981
NORTH COVE YACHT CLUB INC
Tax-exempt · OLD SAYBROOK, CT 06475
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $202,862 | $193,718 | $9,144 | $462,874 | $129,131 | $333,743 |
| December 31, 2024 | 990 | $200,347 | $183,356 | $16,991 | $476,223 | $140,628 | $335,595 |
| December 31, 2023 | 990 | $178,099 | $225,757 | -$47,658 | $473,251 | $147,291 | $325,960 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $117,362
- Membership dues
- $117,362
- Program service revenue
- $76,020
- Investment income
- $6
- Net income from sales of inventory
- -$707
- Other revenue
- $9,474
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $51,072
- Salaries, compensation and benefits (total)
- $56,283
- Professional fundraising fees
- $0
- Occupancy
- $26,849
- Depreciation
- $16,793
- Program services (functional)
- $170,098
- Management and general (functional)
- $23,620
Balance sheet and other
- Total assets, start of year
- $476,223
- Total assets, end of year
- $462,874
- Total liabilities, end of year
- $129,131
- Net assets, end of year
- $333,743
- Land, buildings and equipment
- $415,525
- Gross unrelated business income
- $52,676
- Gross receipts
- $205,703
- Employees
- 9
- Volunteers
- 70
- Year formed
- 1969
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Lou Vinciguerra | Past Commodore Trustee or director | 2 | $0 |
| Christopher Bazinet | Governor Trustee or director | 3 | $0 |
| Cathy Murphy | Governor Trustee or director | 2 | $0 |
| Bill Turner | Governor Trustee or director | 2 | $0 |
| Dan Ferrier | Governor Trustee or director | 2 | $0 |
| Mindy Hill | Governor Trustee or director | 2 | $0 |
| Alan Ebstein | Governor Trustee or director | 2 | $0 |
| Walter E Gayeski | Governor Trustee or director | 2 | $0 |
| Skip Haskins | Governor Trustee or director | 2 | $0 |
| Chris Griffin | Governor Trustee or director | 2 | $0 |
| Melissa Mason | Vice Commodore Officer | 5 | $0 |
| Debra Paulsen | Rear Commodore Officer | 5 | $0 |
| Joseph Carroll | Secretary Officer | 2 | $0 |
| John Waanders | Treasurer Officer | 5 | $0 |
| Linda Tuzzio | Commodore Officer | 6 | $0 |
990 for the year ended December 31, 2024: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Caroline Miller | Past Commodore Trustee or director | 2 | $0 |
| Christopher Bazinet | Governor Trustee or director | 3 | $0 |
| Cathy Murphy | Governor Trustee or director | 2 | $0 |
| Bill Turner | Governor Trustee or director | 2 | $0 |
| Elio Betty | Governor Trustee or director | 2 | $0 |
| Daniel M OMalley | Governor Trustee or director | 2 | $0 |
| Thomas J Tydeman | Governor Trustee or director | 2 | $0 |
| Walter E Gayeski | Governor Trustee or director | 2 | $0 |
| Melissa Mason | Governor Trustee or director | 2 | $0 |
| Debra Paulson | Governor Trustee or director | 2 | $0 |
| Lou Vinciguerra | Commodore Officer | 6 | $0 |
| Linda Tuzzio | Vice Commodore Officer | 5 | $0 |
| Len van Vliet | Rear Commodore Officer | 5 | $0 |
| Joseph Carroll | Secretary Officer | 2 | $0 |
| John Waanders | Treasurer Officer | 5 | $0 |
| David Chan | Fleet Captain Officer | 5 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Daniel M OMalley | Governor Trustee or director | 2 | $0 |
| Elio Betty | Governor Trustee or director | 2 | $0 |
| Bill Turner | Governor Trustee or director | 2 | $0 |
| Thomas J Tydeman | Governor Trustee or director | 2 | $0 |
| Debra Paulson | Governor Trustee or director | 2 | $0 |
| Melissa Mason | Governor Trustee or director | 2 | $0 |
| Walter E Gayeski | Governor Trustee or director | 2 | $0 |
| Cathy Murphy | Governor Trustee or director | 2 | $0 |
| Christopher Bazinet | Governor Trustee or director | 3 | $0 |
| Linda Tuzzio | Vice Commodore Officer | 5 | $0 |
| Lou Vinciguerra | Commodore Officer | 6 | $0 |
| David Chan | Fleet Captain Officer | 5 | $0 |
| Len van Vliet | Rear Commodore Officer | 5 | $0 |
| John Waanders | Treasurer Officer | 5 | $0 |
| Joseph Carroll | Secretary Officer | 2 | $0 |
| Caroline Miller | Past Commodore Former | 2 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 298, OLD SAYBROOK, CT 06475-0298
- In care of
- % JOHN WAANDERS
- Principal officer (990 for 2025)
- Linda Tuzzio, 44 Comstock Avenue, Ivoryton, CT 06442
- Signed the 990
- JOHN WAANDERS, Treasurer
- Phone
- (860) 388-9132
- Return prepared by
- Peter C Jenkin CMA
Mission
We are a yacht club engaged in cruising, sail races, and junior sailing instruction.
Program accomplishments
- Yacht Club house, steward & mooring services. Served 82 members during the 2020 boating season.Expenses $167,562
- Sail Racing Program. A complete season of weekly sail racing, plus Special events (Outer Light Classic, Belle 8 Regatta, Catboat Association Regatta.Expenses $2,536
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 | 990 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
- 06-0866981
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1971
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $462,874
- Income (IRS master file)
- $205,703
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $202,862 | $193,718 | $462,874 | IRS |
| 990 | December 2024 | $200,347 | $183,356 | $476,223 | IRS |
| 990 | December 2023 | $178,099 | $225,757 | $473,251 | XML |
| 990 | December 2022 | $177,217 | $190,606 | $546,450 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 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 06-0866981).
Questions about NORTH COVE YACHT CLUB INC
- What is the EIN of NORTH COVE YACHT CLUB INC?
- The employer identification number (EIN) of NORTH COVE YACHT CLUB INC is 06-0866981.
- Is NORTH COVE YACHT CLUB INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1971.
- Are donations to NORTH COVE YACHT CLUB INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does NORTH COVE 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 NORTH COVE YACHT CLUB INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NORTH COVE YACHT CLUB INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of NORTH COVE YACHT CLUB INC?
- The 990 for the year ended December 31, 2025 names Linda Tuzzio.
- Who are the officers and directors of NORTH COVE YACHT CLUB INC?
- The 990 for the year ended December 31, 2025 lists 15 people; 0 received compensation from the organization.
- How much revenue does NORTH COVE YACHT CLUB INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $202,862, expenses of $193,718 and total assets of $462,874 at year end.
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