Nonprofit · EIN 11-1198535
PORT WASHINGTON YACHT CLUB INC
Tax-exempt · PRT WASHINGTN, NY 11050
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $6,574,168 | $6,287,393 | $286,775 | $9,690,637 | $2,834,263 | $6,856,374 |
| December 31, 2023 | 990 | $6,348,026 | $6,035,546 | $312,480 | $9,378,353 | $2,831,298 | $6,547,055 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,882,049
- Investment income
- $164,597
- Net gain from sales of assets
- $80,350
- Net income from sales of inventory
- $3,512,954
- Other revenue
- $3,527,522
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $271,201
- Other salaries and wages
- $2,439,684
- Salaries, compensation and benefits (total)
- $3,226,256
- Professional fundraising fees
- $0
- Accounting fees
- $109,948
- Occupancy
- $473,230
Balance sheet and other
- Total assets, start of year
- $9,378,353
- Total assets, end of year
- $9,690,637
- Total liabilities, end of year
- $2,834,263
- Net assets, end of year
- $6,856,374
- Land, buildings and equipment
- $3,593,217
- Net assets without donor restrictions
- $6,856,374
- Gross unrelated business income
- $489,222
- Gross receipts
- $10,878,281
- Employees
- 138
- Volunteers
- 92
- Year formed
- 1905
- State of legal domicile
- NY
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 | Other / benefits |
|---|---|---|---|---|
| LELAND VH KOONS | GENERAL MANAGER Key employee | 40 | $249,252 | $21,949 |
| KEITH HABERMAN | DOCKMASTER Highest-paid employee | 40 | $159,661 | $2,039 |
| MICHAEL MEDORO | CHEF Highest-paid employee | 40 | $145,026 | $11,363 |
| PAUL WALLACK | PRO Highest-paid employee | 40 | $134,289 | $741 |
| MATTHEW BLANKMAN | ASSISTANT GENERAL MANAGER Highest-paid employee | 40 | $113,290 | $10,778 |
| STEWART JERVIS | COMMODORE Trustee or director, Officer | 3 | $0 | $0 |
| MICHAEL NETTESHEIM | VICE COMMODORE Trustee or director, Officer | 3 | $0 | $0 |
| ANDREW PRISCO | REAR COMMODORE Trustee or director, Officer | 3 | $0 | $0 |
| EDWARD PARISI | TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| WILLIAM NEVILLE | SECRETARY Trustee or director, Officer | 3 | $0 | $0 |
| PATRICIA JAGENBURG | MEMBERSHIP SECRETARY Trustee or director, Officer | 3 | $0 | $0 |
| GEORGE CATALLO | FLEET CAPTAIN Trustee or director, Officer | 3 | $0 | $0 |
| THOMAS STEELE | PAST COMMODORE Trustee or director, Officer | 3 | $0 | $0 |
| ARTHUR BUHR | GOVERNOR Trustee or director | 3 | $0 | $0 |
| LIZ BLACKER | GOVERNOR Trustee or director | 3 | $0 | $0 |
7 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| AMY HYLAND | GOVERNOR Trustee or director | 3 | $0 |
| THERESA LUNETTA-HAUSER | GOVERNOR Trustee or director | 3 | $0 |
| SAL RUSSO | GOVERNOR Trustee or director | 3 | $0 |
| DAWN SERIGNESE | GOVERNOR Trustee or director | 3 | $0 |
| PAM SORIN | GOVERNOR Trustee or director | 3 | $0 |
| BRIAN SMETANA | GOVERNOR Trustee or director | 3 | $0 |
| KEN TAKAHASHI | GOVERNOR Trustee or director | 3 | $0 |
990 for the year ended December 31, 2023: 23 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LELAND VH KOONS | GENERAL MANAGER Key employee | 40 | $229,145 | $27,896 |
| MARILYN YEE CARSON | CONTROLLER Highest-paid employee | 40 | $133,521 | $20,529 |
| KEITH HABERMAN | DOCKMASTER Highest-paid employee | 40 | $150,217 | $1,962 |
| MICHAEL MEDORO | CHEF Highest-paid employee | 40 | $137,077 | $10,283 |
| PAUL WALLACK | PRO Highest-paid employee | 40 | $143,452 | $723 |
| MATTHEW BLANKMAN | ASSISTANT GENERAL MANAGER Highest-paid employee | 40 | $113,126 | $10,459 |
| THOMAS C STEELE | COMMODORE Trustee or director, Officer | 3 | $0 | $0 |
| STEWART JERVIS | VICE COMMODORE Trustee or director, Officer | 3 | $0 | $0 |
| MICHAEL NETTESHEIM | REAR COMMODORE Trustee or director, Officer | 3 | $0 | $0 |
| EDWARD PARISI | TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| WILLIAM NEVILLE | SECRETARY Trustee or director, Officer | 3 | $0 | $0 |
| PATRICIA JAGENBURG | MEMBERSHIP SECRETARY Trustee or director, Officer | 3 | $0 | $0 |
| GREG JOHNSTON | FLEET CAPTAIN Trustee or director, Officer | 3 | $0 | $0 |
| AIDAN M MCCORMACK | PAST COMMODORE Trustee or director, Officer | 3 | $0 | $0 |
| SCOTT BERSIN | GOVERNOR Trustee or director | 3 | $0 | $0 |
| LIZ BLACKER | GOVERNOR Trustee or director | 3 | $0 | $0 |
| TIMOTHY LOWE | GOVERNOR Trustee or director | 3 | $0 | $0 |
| THERESA LUNETTA-HAUSER | GOVERNOR Trustee or director | 3 | $0 | $0 |
| STEPHEN MCGANN | GOVERNOR Trustee or director | 3 | $0 | $0 |
| DAWN SERIGNESE | GOVERNOR Trustee or director | 3 | $0 | $0 |
| PAM SORIN | GOVERNOR Trustee or director | 3 | $0 | $0 |
| BRIAN SMETANA | GOVERNOR Trustee or director | 3 | $0 | $0 |
| KEN TAKAHASHI | GOVERNOR Trustee or director | 3 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1 YACHT CLUB DR, PRT WASHINGTN, NY 11050-3429
- In care of
- % EDWARD PARISI
- Mailing address (990-N for 2015)
- ONE YACHT CLUB DRIVE, PORT WASHINGTON NY 11050
- Principal officer (990 for 2024)
- EDWARD PARISI, ONE YACHT CLUB DRIVE, PORT WASHINGTON, NY 11050
- Principal officer (990-N for 2015)
- EDWARD C PARISI, ONE YACHT CLUB DRIVE, PORT WASHINGTON NY 11050
- Signed the 990
- EDWARD PARISI, TREASURER
- Phone
- (516) 767-1614
- Website
- WWW.PWYC.COM
- Return prepared by
- CONDON O'MEARA MCGINTY & DONNELLY LLP
Mission
THE CLUB IS NOT-FOR-PROFIT MEMBERSHIP CORPORATION PROVIDING A CLUBHOUSE, YACHTING SERVICE, RESTAURANT, BAR AND VARIOUS ACTIVITIES FOR THE RECREATION AND SOCIALIZATION OF ITS MEMBERS.
Program accomplishments
- TAX EXEMPT CLUB ACTIVITIES.
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
- 11-1198535
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $9,690,637
- Income (IRS master file)
- $10,878,281
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $6,574,168 | $6,287,393 | $9,690,637 | XML |
| 990 | December 2023 | $6,348,026 | $6,035,546 | $9,378,353 | XML |
| 990 | December 2022 | $6,285,277 | $5,948,105 | $8,865,892 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2015 Officer: EDWARD C PARISI | December 31, 2015 | ≤ $50,000 receipts | – | – | e-Postcard |
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 11-1198535).
Questions about PORT WASHINGTON YACHT CLUB INC
- What is the EIN of PORT WASHINGTON YACHT CLUB INC?
- The employer identification number (EIN) of PORT WASHINGTON YACHT CLUB INC is 11-1198535.
- Is PORT WASHINGTON YACHT CLUB INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7).
- Are donations to PORT WASHINGTON YACHT CLUB INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does PORT WASHINGTON 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 PORT WASHINGTON 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 PORT WASHINGTON 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 PORT WASHINGTON YACHT CLUB INC?
- The 990 for the year ended December 31, 2024 names EDWARD PARISI.
- Who are the officers and directors of PORT WASHINGTON YACHT CLUB INC?
- The 990 for the year ended December 31, 2024 lists 22 people; 5 received compensation from the organization, the highest $249,252 (LELAND VH KOONS, GENERAL MANAGER).
- How much revenue does PORT WASHINGTON YACHT CLUB INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $6,574,168, expenses of $6,287,393 and total assets of $9,690,637 at year end.
Other nonprofits in PRT WASHINGTN
- PETER AND JERI DEJANA FAMILY FOUNDATION EIN 27-6985468 · last filed 990-PF for 2024
- NORTH SHORE ANIMAL LEAGUE AMERICA INC EIN 11-1666852 · last filed 990 for 2024
- SPECTRUM DESIGNS FOUNDATION LTD EIN 27-5020830 · last filed 990 for 2025
- THE MARFAN FOUNDATION INC EIN 52-1265361 · last filed 990 for 2025
- PORT WASHINGTON FIRE DEPARTMENT INC EIN 11-3048413 · last filed 990 for 2025
- PORT WASHINGTON CHILDRENS CENTER EIN 11-2462594 · last filed 990 for 2025
- MANHASSET BAY YACHT CLUB EIN 11-1041380 · last filed 990 for 2024
- AMERICAN FRIENDS OF CHABAD OF THAILAND INC EIN 03-0498942 · last filed 990 for 2025