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Nonprofit · EIN 25-1022088

PRESQUE ISLE YACHT CLUB INC

Tax-exempt · ERIE, PA 16512

Financials

$234K$209K2023$243K$193K2024
Revenue Expenses · by fiscal year end
Financials of PRESQUE ISLE YACHT CLUB INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$242,582$193,274$49,308$500,921$102,954$397,967
December 31, 2023990$233,747$208,887$24,860$476,818$128,160$348,658
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$100,436
Membership dues
$100,436
Program service revenue
$141,730
Investment income
$416
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$4,620
Salaries, compensation and benefits (total)
$5,067
Professional fundraising fees
$0
Accounting fees
$1,725
Occupancy
$131,660
Depreciation
$29,305
Program services (functional)
$193,274

Balance sheet and other

Total assets, start of year
$476,818
Total assets, end of year
$500,921
Total liabilities, end of year
$102,954
Net assets, end of year
$397,967
Land, buildings and equipment
$401,832
Net assets without donor restrictions
$397,967
Gross receipts
$242,582
Employees
4
Year formed
1944
State of legal domicile
PA

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
RICHARD DOYLEREAR COMMODO
Trustee or director, Officer
–$0
ANNE EISERTBOARD MEMBER
Trustee or director
–$0
BOB GREENSECRETARY
Trustee or director, Officer
–$0
TRACY GUSTAFSONVICE-COMMODO
Trustee or director, Officer
–$0
MICHAEL HOWARDBOARD CHAIRM
Trustee or director
–$0
EUGENE KRAHE JRFLEET CAPTAI
Trustee or director, Officer
–$0
BRIAN LOGANBOARD MEMBER
Trustee or director
–$0
JIM MAZZATREASURER
Trustee or director
–$0
PAUL SAUERBOARD MEMBER
Trustee or director
–$0
JENNIFER SKOLNIKCOMMODORE
Trustee or director, Officer
–$0
990 for the year ended December 31, 2023: 10 people
NameTitleHours / weekCompensation
ADAM DINICOLACOMMODORE
Trustee or director, Officer
–$0
RICHARD DOYLEFLEET CAPTAI
Trustee or director, Officer
–$0
ANNE EISERTBOARD MEMBER
Trustee or director
–$0
BOB GREENSECRETARY
Trustee or director, Officer
–$0
TRACY GUSTAFSONREAR COMMODO
Trustee or director, Officer
–$0
MICHAEL HOWARDBOARD CHAIRM
Trustee or director
–$0
BRIAN LOGANBOARD MEMBER
Trustee or director
–$0
JIM MAZZATREASURER
Trustee or director
–$0
PAUL SAUERBOARD MEMBER
Trustee or director
–$0
JENNIFER SKOLNIKVICE-COMMODO
Trustee or director, Officer
–$0

Address and contacts

Address (IRS master file)
PO BOX 1075, ERIE, PA 16512-1075
Principal officer (990 for 2024)
JIM MAZZA, PO BOX 1075, ERIE, PA 16512
Signed the 990
JIM MAZZA, TREASURER
Phone
(814) 455-7655
Return prepared by
BRINK & ASSOCIATES CPA'S

Mission

MAINTAIN A YACHT CLUB FOR ITS MEMBERS.

990 for the year ended December 31, 2024

Program accomplishments

  • MAINTAIN A YACHT CLUB FOR ITS MEMBERS.

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
25-1022088
Tax-exempt status
501(c)(7): Social or recreational club
Donations deductible
No
Exempt since
1963
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$500,921
Income (IRS master file)
$242,582

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$242,582$193,274$500,921IRS
990December 2023$233,747$208,887$476,818XML
990December 2022$238,759$207,207$505,001IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 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 25-1022088).

Questions about PRESQUE ISLE YACHT CLUB INC

What is the EIN of PRESQUE ISLE YACHT CLUB INC?
The employer identification number (EIN) of PRESQUE ISLE YACHT CLUB INC is 25-1022088.
Is PRESQUE ISLE YACHT CLUB INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1963.
Are donations to PRESQUE ISLE YACHT CLUB INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does PRESQUE ISLE 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 PRESQUE ISLE 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 PRESQUE ISLE 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 PRESQUE ISLE YACHT CLUB INC?
The 990 for the year ended December 31, 2024 names JIM MAZZA.
Who are the officers and directors of PRESQUE ISLE YACHT CLUB INC?
The 990 for the year ended December 31, 2024 lists 10 people; 0 received compensation from the organization.
How much revenue does PRESQUE ISLE YACHT CLUB INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $242,582, expenses of $193,274 and total assets of $500,921 at year end.

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