Nonprofit · EIN 26-4788788
ERIE YACHT CLUB FOUNDATION INC
Tax-exempt · ERIE, PA 16505
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| October 31, 2025 | 990 | $135,912 | $105,697 | $30,215 | $1,660,415 | $1,946 | $1,658,469 |
| October 31, 2024 | 990 | $151,415 | $82,139 | $69,276 | $1,532,442 | $2,179 | $1,530,263 |
| October 31, 2023 | 990 | $87,507 | $77,053 | $10,454 | $1,320,091 | $0 | $1,320,091 |
Financial details: 990 for the year ended October 31, 2025
Revenue
- Contributions, gifts and grants
- $136,694
- Program service revenue
- $0
- Investment income
- $19,803
- Net income from fundraising events
- -$20,585
- Other revenue
- -$20,585
Expenses
- Grants and similar amounts paid
- $64,311
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $200
- Depreciation
- $25,843
- Program services (functional)
- $64,311
- Management and general (functional)
- $32,847
- Fundraising (functional)
- $8,539
Balance sheet and other
- Total assets, start of year
- $1,532,442
- Total assets, end of year
- $1,660,415
- Total liabilities, end of year
- $1,946
- Net assets, end of year
- $1,658,469
- Land, buildings and equipment
- $673,822
- Net assets without donor restrictions
- $832,393
- Net assets with donor restrictions
- $826,076
- Gross receipts
- $165,246
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2009
- 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 October 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Peter Lund | Vice-Chair Trustee or director, Officer | 10 | $0 |
| Char Mashyna | Trustee Trustee or director | 5 | $0 |
| James McBrier | Trustee Trustee or director | 5 | $0 |
| Russell Thompson | Trustee Trustee or director | 10 | $0 |
| Jamie Taylor | Trustee Trustee or director | 5 | $0 |
| Marc Turner | Trustee Trustee or director | 5 | $0 |
| Julie Arthurs | Trustee Trustee or director | 5 | $0 |
| William Lillis | Trustee Trustee or director | 5 | $0 |
| Doug Loesel | Chair Trustee or director, Officer | 15 | $0 |
| Lawrence Serafin | Treasurer Trustee or director, Officer | 15 | $0 |
| Alex Cox | Secretary Trustee or director, Officer | 10 | $0 |
990 for the year ended October 31, 2024: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Peter Lund | Trustee Trustee or director | 10 | $0 |
| Char Mashyna | Trustee Trustee or director | 15 | $0 |
| James McBrier | Trustee Trustee or director | 10 | $0 |
| Mike Squeglia | Trustee Trustee or director | 10 | $0 |
| Jamie Taylor | Trustee Trustee or director | 10 | $0 |
| Marc Turner | Trustee Trustee or director | 10 | $0 |
| Barb Weibel | Trustee Trustee or director | 20 | $0 |
| William Lillis | Chair Officer | 25 | $0 |
| Doug Loesel | Vice Chair Officer | 15 | $0 |
| Lawrence Serafin | Treasurer Officer | 15 | $0 |
| Alex Cox | Secretary Officer | 10 | $0 |
990 for the year ended October 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHARLOTTE MASHYNA | TRUSTEE Trustee or director, Officer | 25 | $0 |
| ALEX COX | SECRETARY Trustee or director, Officer | 25 | $0 |
| LARRY SERAFIN | TREASURER Trustee or director, Officer | 25 | $0 |
| DOUG LOESEL | VICE CHAIR Trustee or director | 25 | $0 |
| WILLIAM LILLIS | CHAIR Trustee or director, Officer | 25 | $0 |
| JAMES MCBRIER | TRUSTEE Trustee or director | 25 | $0 |
| HARVEY DOWNEY | TRUSTEE Trustee or director | 25 | $0 |
| MARC TURNER | TRUSTEE Trustee or director | 25 | $0 |
| JAMIE TAYLOR | TRUSTEE Trustee or director | 25 | $0 |
| BARB WEIBEL | TRUSTEE Trustee or director | 25 | $0 |
| PETER LUND | TRUSTEE Trustee or director | 25 | $0 |
Address and contacts
- Address (IRS master file)
- 1 RAVINE DR, ERIE, PA 16505-2308
- In care of
- % DOUG LOESEL
- Mailing address (990-N for 2008)
- PO Box 648, Erie PA 16512
- Principal officer (990 for 2024)
- Doug Loesel, 1903 W 8TH ST, PMB 232, ERIE, PA 16505
- Principal officer (990-N for 2008)
- Karen Imig, PO Box 648, Erie PA 16512
- Signed the 990
- Douglas Loesel, Chairman
- Phone
- (814) 881-7681
- Website
- www.erieycfoundation.org
Mission
The Foundations mission is to advance maritime education promote youth and intercollegiate sailing and expand opportunities in boating.
Program accomplishments
- Grants to the United Way and Reyburn Sailing School to provide summer sailing training and competition to underpriviledged children in the Erie Community.Expenses $10,563 · grants $10,563
- Provided support to two local universities student sailing clubs for the purpose of purchasing equipment funding training competition and related travel expenses. Also supported boating experiences with the boy scouts At the Lake Ministries and Bayfront Maritime Center.Expenses $22,448 · grants $22,448
- Supported various organizations who educate the community on boating and maritime knowledge including the Flagship Niagara League and Regional Science Consortium. Supported a two-day intercollegiate sailing regatta with seven college teams at the Battle of Lake Erie.Expenses $31,300 · grants $31,300
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 October, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | October 31, 2026 | March 15, 2027 | Not due yet |
| 2024 | October 31, 2025 | March 16, 2026 | 990 on file |
| 2023 | October 31, 2024 | March 17, 2025 | 990 on file |
IRS record
- EIN
- 26-4788788
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2009
- Accounting year ends
- October
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N67)
- Assets (IRS master file)
- $1,660,415
- Income (IRS master file)
- $165,246
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | October 2025 | $135,912 | $105,697 | $1,660,415 | XML |
| 990 | October 2024 | $151,415 | $82,139 | $1,532,442 | XML |
| 990 | October 2023 | $87,507 | $77,053 | $1,320,091 | XML |
| 990 | October 2022 | $76,202 | $77,010 | $1,288,388 | IRS |
| 990 | October 2021 | – | – | – | IRS |
| 990 | October 2020 | – | – | – | IRS |
| 990 | October 2019 | – | – | – | IRS |
| 990 | October 2018 | – | – | – | IRS |
| 990-N for 2008 Officer: Karen Imig | October 31, 2009 | ≤ $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 26-4788788).
Questions about ERIE YACHT CLUB FOUNDATION INC
- What is the EIN of ERIE YACHT CLUB FOUNDATION INC?
- The employer identification number (EIN) of ERIE YACHT CLUB FOUNDATION INC is 26-4788788.
- Is ERIE YACHT CLUB FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
- Are donations to ERIE YACHT CLUB FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ERIE YACHT CLUB FOUNDATION 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 ERIE YACHT CLUB FOUNDATION INC due?
- The return for tax year 2025 (the year ending October 31, 2026) is due March 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ERIE YACHT CLUB FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended October 2025.
- Who is the principal officer of ERIE YACHT CLUB FOUNDATION INC?
- The 990 for the year ended October 31, 2025 names Doug Loesel.
- Who are the officers and directors of ERIE YACHT CLUB FOUNDATION INC?
- The 990 for the year ended October 31, 2025 lists 11 people; 0 received compensation from the organization.
- How much revenue does ERIE YACHT CLUB FOUNDATION INC have?
- On its 990 for the year ended October 31, 2025 it reported revenue of $135,912, expenses of $105,697 and total assets of $1,660,415 at year end.
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All nonprofits in ERIE · Pennsylvania · Recreation and sports