Nonprofit · EIN 06-1363222
CANDLEWOOD YACHT CLUB INC
Tax-exempt · NEWTOWN, CT 06470
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2023 | 990 | $128,628 | $113,912 | $14,716 | $504,716 | $0 | $504,716 |
Financial details: 990 for the year ended December 31, 2023
Revenue
- Contributions, gifts and grants
- $73,992
- Membership dues
- $73,992
- Program service revenue
- $55,501
- Investment income
- -$865
- Net gain from sales of assets
- -$8,190
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $580
- Depreciation
- $12,730
- Program services (functional)
- $69,466
- Management and general (functional)
- $44,446
Balance sheet and other
- Total assets, start of year
- $482,538
- Total assets, end of year
- $504,716
- Total liabilities, end of year
- $0
- Net assets, end of year
- $504,716
- Land, buildings and equipment
- $203,434
- Net assets without donor restrictions
- $504,716
- Gross receipts
- $566,601
- Employees
- 0
- Year formed
- 1992
- 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, 2023, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Rich Mowery | Treasurer Officer | 5 | $0 |
| Alan Denise Cane | Secretary Officer | 5 | $0 |
| Don OKeefe | President Officer | 5 | $0 |
| Doug Main | Vice President Officer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 14, NEWTOWN, CT 06470-0014
- In care of
- % RICHARD MOWERY
- Signed the 990
- Richard Mowery, Treasurer
- Website
- www.candlewoodyachtclub.org
- Return prepared by
- Innovative Tax & Accounting Group
Mission
To encourage and promote sailing on Candlewood Lake. The Club provides picnic grounds, bathroom facilities, docks and boat slips to members.
Program accomplishments
- To encourage and promote sailing on Candlewood Lake.Expenses $69,466 · revenue $128,628
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 | Not on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 06-1363222
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1993
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N50Z)
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2023 | $128,628 | $113,912 | $504,716 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | 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 06-1363222).
Questions about CANDLEWOOD YACHT CLUB INC
- What is the EIN of CANDLEWOOD YACHT CLUB INC?
- The employer identification number (EIN) of CANDLEWOOD YACHT CLUB INC is 06-1363222.
- Is CANDLEWOOD YACHT CLUB INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1993.
- Are donations to CANDLEWOOD YACHT CLUB INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CANDLEWOOD 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 CANDLEWOOD 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 CANDLEWOOD YACHT CLUB INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2023.
- Who are the officers and directors of CANDLEWOOD YACHT CLUB INC?
- The 990 for the year ended December 31, 2023 lists 4 people; 0 received compensation from the organization.
- How much revenue does CANDLEWOOD YACHT CLUB INC have?
- On its 990 for the year ended December 31, 2023 it reported revenue of $128,628, expenses of $113,912 and total assets of $504,716 at year end.
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