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Nonprofit · EIN 22-1837285

PATTEN POINT YACHT CLUB INC

Tax-exempt · LONG BRANCH, NJ 07740

Financials

$427K$362K2023$437K$371K2024
Revenue Expenses · by fiscal year end
Financials of PATTEN POINT YACHT CLUB INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$437,305$370,637$66,668$459,350$114,056$345,294
December 31, 2023990$427,443$362,196$65,247$374,079$95,453$278,626
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$419,233
Investment income
$14,131
Other revenue
$3,941

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$1,425
Program services (functional)
$213,407
Management and general (functional)
$157,230

Balance sheet and other

Total assets, start of year
$374,079
Total assets, end of year
$459,350
Total liabilities, end of year
$114,056
Net assets, end of year
$345,294
Land, buildings and equipment
$8,408
Net assets without donor restrictions
$345,294
Gross unrelated business income
$18,072
Gross receipts
$437,305
Employees
0
Volunteers
0
Year formed
1964
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.

NameTitleHours / weekCompensation
MICHAEL TREPICCHIOPRESIDENT
Officer
0$0
STEPHEN MURPHYVICE PRESIDENT
Officer
0$0
JOSEPH D'AMICOVICE PRESIDENT
Officer
0$0
JOHN SCARCELLAVICE PRESIDENT
Officer
0$0
SUSAN EVANSSECRETARY
Officer
0$0
MICHAEL PORTEGELLOTREASURER
Officer
10$0
MICHAEL PASERCHIAIMMEDIATE PAST PRESIDENT
Officer
0$0
990 for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensation
MICHAEL PASERCHIAPRESIDENT
Officer
0$0
MICHAEL TREPICCHIOVICE PRESIDENT
Officer
0$0
STEPHEN MURPHYVICE PRESIDENT
Officer
0$0
JOSEPH D'AMICOVICE PRESIDENT
Officer
0$0
SUSAN EVANSSECRETARY
Officer
0$0
ROBERTA PORTEGELLOTREASURER
Officer
10$0
PAUL CASEIMMEDIATE PAST PRESIDENT
Officer
0$0

Address and contacts

Address (IRS master file)
676 PATTEN AVE, LONG BRANCH, NJ 07740-7807
In care of
% TAXPAYER
Principal officer (990 for 2024)
MICHAEL PORTEGELLO, PATTEN AVENUE RENWICK PLACE, LONG BRANCH, NJ 07740
Signed the 990
MICHAEL PORTEGELLO, TREASURER
Phone
(732) 299-2882
Return prepared by
FOCUS PARTNERS WEALTH LLC

Mission

PROMOTE SAFE BOATING

990 for the year ended December 31, 2024

Program accomplishments

  • PROMOTE BOAT SAFETY
    Expenses $213,407 · revenue $419,233
  • PROMOTE BOATING INSTRUCTION
  • PROMOTE BOATING REGULATIONS

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
22-1837285
Tax-exempt status
501(c)(7): Social or recreational club
Exempt since
1972
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$459,350
Income (IRS master file)
$437,305

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$437,305$370,637$459,350IRS
990December 2023$427,443$362,196$374,079XML
990December 2022$402,277$343,845$461,027IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––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 22-1837285).

Questions about PATTEN POINT YACHT CLUB INC

What is the EIN of PATTEN POINT YACHT CLUB INC?
The employer identification number (EIN) of PATTEN POINT YACHT CLUB INC is 22-1837285.
Is PATTEN POINT YACHT CLUB INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1972.
Which annual return does PATTEN POINT 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 PATTEN POINT 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 PATTEN POINT 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 PATTEN POINT YACHT CLUB INC?
The 990 for the year ended December 31, 2024 names MICHAEL PORTEGELLO.
Who are the officers and directors of PATTEN POINT YACHT CLUB INC?
The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
How much revenue does PATTEN POINT YACHT CLUB INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $437,305, expenses of $370,637 and total assets of $459,350 at year end.

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