Nonprofit · EIN 21-6007748
CORINTHIAN YACHT CLUB OF CAPE MAY
Tax-exempt · CAPE MAY, NJ 08204
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,067,774 | $966,732 | $101,042 | $2,283,024 | $583,909 | $1,699,115 |
| December 31, 2023 | 990 | $1,241,330 | $913,731 | $327,599 | $1,886,009 | $331,859 | $1,554,150 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $904,609
- Investment income
- $4,650
- Net gain from sales of assets
- -$612
- Net income from sales of inventory
- $158,515
- Other revenue
- $158,515
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $272,516
- Salaries, compensation and benefits (total)
- $314,119
- Professional fundraising fees
- $0
- Occupancy
- $148,316
- Depreciation
- $138,156
Balance sheet and other
- Total assets, start of year
- $1,886,009
- Total assets, end of year
- $2,283,024
- Total liabilities, end of year
- $583,909
- Net assets, end of year
- $1,699,115
- Land, buildings and equipment
- $1,337,464
- Publicly traded securities
- $11,371
- Gross unrelated business income
- $64,643
- Gross receipts
- $1,792,232
- Employees
- 47
- Volunteers
- 75
- Year formed
- 1948
- State of legal domicile
- NJ
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 |
|---|---|---|---|
| ALYSSA GAINES | Club Manager Highest-paid employee | 40 | $145,411 |
| JOSEPH RODRIGUES | Executive Chef Highest-paid employee | 40 | $109,132 |
| LEWIS PRICE | Director Trustee or director | 2 | $0 |
| GEOFFREY KING | Commodore thru 83124 Trustee or director, Officer | 10 | $0 |
| WILLIAM BRADY | Commodore as of 9124 Trustee or director, Officer | 15 | $0 |
| RUSSELL DICKHART | Director Trustee or director | 5 | $0 |
| ROBERTA NUSS | RearVice Commodore Trustee or director, Officer | 15 | $0 |
| MICHAEL YEAGER | DirectorFinance Trustee or director, Officer | 15 | $0 |
| MICHELLE O'DONNELL | Director Trustee or director | 10 | $0 |
| CHERYL GUBLO | Rear Commodore 92024 Trustee or director, Officer | 10 | $0 |
| CHARLES WAHL | Director Trustee or director | 2 | $0 |
| MARTYN GREENACRE | Director Trustee or director | 10 | $0 |
| CHARLOTTE LIST | Director Trustee or director | 2 | $0 |
| LESLIE FOG | Director Trustee or director | 2 | $0 |
| STEPHEN WARD | Director Trustee or director | 4 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CAROL LIST | Director Trustee or director | 10 | $0 |
| DOUGLAS DAVIS | Director Trustee or director | 2 | $0 |
| RICHARD O'KEEFE | Director Trustee or director | 2 | $0 |
| CAROL YORK | Treasurer Officer | 20 | $0 |
| SUSAN REILLY | Secretary Officer | 2 | $0 |
990 for the year ended December 31, 2023: 20 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ALYSSA GAINES | Club Manager Highest-paid employee | 40 | $100,916 |
| LEWIS PRICE | Commodore thru 83123 Trustee or director, Officer | 15 | $0 |
| GEOFFREY KING | Commodore Trustee or director, Officer | 15 | $0 |
| WILLIAM BRADY | Vice Commodore Trustee or director, Officer | 10 | $0 |
| ROBERT WILSON | Director thru 823 Trustee or director | 2 | $0 |
| RUSSELL DICKHART | Director Trustee or director | 5 | $0 |
| ROBERTA NUSS | Rear Commodore 923 Trustee or director, Officer | 10 | $0 |
| MICHAEL YEAGER | DirectorFinance Trustee or director, Officer | 5 | $0 |
| MICHELLE O'DONNELL | Director Trustee or director | 2 | $0 |
| ROLAND BULLARD | Director thru 823 Trustee or director | 2 | $0 |
| WILLIAM KURTZ | Director thru 823 Trustee or director | 2 | $0 |
| CAROL YORK | Treasurer Officer | 20 | $0 |
| SUSAN REILLY | Secretary Officer | 5 | $0 |
| CHARLES WAHL | Director Trustee or director | 2 | $0 |
| GEORGE CHMIEL | Directorresigned 823 Trustee or director | 15 | $0 |
| MARTYN GREENACRE | Director as of 923 Trustee or director | 10 | $0 |
| CHARLOTTE LIST | Director as of 923 Trustee or director | 2 | $0 |
| LESLIE FOG | Director Trustee or director | 2 | $0 |
| STEPHEN WARD | Director Trustee or director | 5 | $0 |
| CAROL LIST | Director Trustee or director | 7 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 260, CAPE MAY, NJ 08204-0260
- In care of
- % CAROL YORK
- Principal officer (990 for 2024)
- Carol York, 1819 Delaware Avenue PO Box 260, Cape May, NJ 08204
- Signed the 990
- CAROL YORK, Treasurer
- Phone
- (609) 884-8000
- Website
- cyccm.com
Mission
The purposes of the Club are to encourage the sport and art of sailing and racing, to provide wholesome recreation and competition for all ages and to maintain a suitable building for these activities.
Program accomplishments
- The Club provides a dining facility and a full service bar for its members and their guests. Dinner and bar services are usually available three to five nights a week durinng the 8 to 10 weeks of the summer season and at least one night a week for an additional seven months.
- The Club provides sailing instruction for both children and adults. The childrens classes are held for eight weeks during the summer months. Ninety-seven children participated in the program. Adult classes are held one night a week for eight weeks as well as on Saturday mornings. Thirty adults participated in the lessons. All participants are given the opportunity to be involved in regattas.
- The Club sponsors sailing ragattas, sailboat races and other social events for members and their families. The sailing events occur in the summer months and include the Cape to Cape Race, the Avalon Cup, a weekly ocean race series and many MAYRA sailing competitions. The social events occur throughout the year and include Memorial Day Brunch, Mothers Day Brunch, Commodores Ball, Oyster Roast, Wine and Dine and many others.
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
- 21-6007748
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1977
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $2,283,024
- Income (IRS master file)
- $1,792,232
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,067,774 | $966,732 | $2,283,024 | XML |
| 990 | December 2023 | $1,241,330 | $913,731 | $1,886,009 | XML |
| 990 | December 2022 | $876,308 | $837,369 | $1,594,413 | 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 21-6007748).
Questions about CORINTHIAN YACHT CLUB OF CAPE MAY
- What is the EIN of CORINTHIAN YACHT CLUB OF CAPE MAY?
- The employer identification number (EIN) of CORINTHIAN YACHT CLUB OF CAPE MAY is 21-6007748.
- Is CORINTHIAN YACHT CLUB OF CAPE MAY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1977.
- Are donations to CORINTHIAN YACHT CLUB OF CAPE MAY tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CORINTHIAN YACHT CLUB OF CAPE MAY 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 CORINTHIAN YACHT CLUB OF CAPE MAY 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 CORINTHIAN YACHT CLUB OF CAPE MAY 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 CORINTHIAN YACHT CLUB OF CAPE MAY?
- The 990 for the year ended December 31, 2024 names Carol York.
- Who are the officers and directors of CORINTHIAN YACHT CLUB OF CAPE MAY?
- The 990 for the year ended December 31, 2024 lists 20 people; 2 received compensation from the organization, the highest $145,411 (ALYSSA GAINES, Club Manager).
- How much revenue does CORINTHIAN YACHT CLUB OF CAPE MAY have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,067,774, expenses of $966,732 and total assets of $2,283,024 at year end.
Other nonprofits in CAPE MAY
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- NASW FOUNDATION EIN 22-3407964 · last filed 990 for 2025
- CONSERVATION SCIENCE GLOBAL EIN 81-4473006 · last filed 990 for 2024
- CAPE MAY STAGE INC EIN 22-2937929 · last filed 990 for 2025
- H C S V FOUNDATION EIN 22-3204964 · last filed 990 for 2024
- BEACH CLUB OF CAPE MAY INC EIN 22-1769099 · last filed 990 for 2024
- CAPE MAY POINT SCIENCE CENTER EIN 86-2070560 · last filed 990-PF for 2024
- CENTER FOR COMMUNITY ARTS EIN 22-3350637 · last filed 990 for 2025