Nonprofit · EIN 31-1721302
ANNAPOLIS YACHT CLUB FOUNDATION INC
Tax-exempt · ANNAPOLIS, MD 21404
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,087,107 | $84,704 | $1,002,403 | $1,106,829 | $3,300 | $1,103,529 |
| December 31, 2023 | 990-EZ | $128,605 | $176,959 | -$48,354 | $113,146 | $12,020 | $101,126 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,023,136
- Program service revenue
- $0
- Investment income
- $3,433
- Net income from fundraising events
- $60,538
- Other revenue
- $60,538
Expenses
- Grants and similar amounts paid
- $57,115
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $3,331
- Program services (functional)
- $57,458
- Management and general (functional)
- $2,534
- Fundraising (functional)
- $24,712
Balance sheet and other
- Total assets, start of year
- $113,146
- Total assets, end of year
- $1,106,829
- Total liabilities, end of year
- $3,300
- Net assets, end of year
- $1,103,529
- Net assets without donor restrictions
- $78,529
- Net assets with donor restrictions
- $1,025,000
- Gross receipts
- $1,111,819
- Employees
- 0
- Volunteers
- 19
- Year formed
- 1999
- State of legal domicile
- MD
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 |
|---|---|---|---|
| KATHY PARKS | PRESIDENT Trustee or director, Officer | 2 | $0 |
| ADEN KING | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| BRAD JULIAN | TREASURER Trustee or director, Officer | 1 | $0 |
| CEDRIC LEWIS | SECRETARY Trustee or director, Officer | 1 | $0 |
| CHIP CARR | BOARD MEMBER Trustee or director | 1 | $0 |
| JENNY CRAWFORD | BOARD MEMBER Trustee or director | 1 | $0 |
| DONALD FARNAN | BOARD MEMBER Trustee or director | 1 | $0 |
| JIM PRALEY | BOARD MEMBER Trustee or director | 1 | $0 |
| JACKIE ROLLERI | BOARD MEMBER Trustee or director | 1 | $0 |
| ANDREW SKIBO | BOARD MEMBER Trustee or director | 1 | $0 |
| JACELYN SWENSON | BOARD MEMBER Trustee or director | 1 | $0 |
990-EZ for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MATTHEW SCHUBERT | PRESIDENT | 1 | $0 |
| JENNIFER NORWOOD | BOARD MEMBER | 1 | $0 |
| JACOB DOYLE | TREASURER | 1 | $0 |
| CEDRIC LEWIS | SECRETARY | 1 | $0 |
| ADEN KING | BOARD MEMBER | 1 | $0 |
| JENNY CRAWFORD | BOARD MEMBER | 1 | $0 |
| CHIP CARR | BOARD MEMBER | 1 | $0 |
| JAMES PRALEY | BOARD MEMBER | 1 | $0 |
| JACIE SWENSON | BOARD MEMBER | 1 | $0 |
| BRAD JULIAN | BOARD MEMBER | 1 | $0 |
| KATHY PARKS | VICE PRESIDENT | 1 | $0 |
| JACKIE ROLLERI | BOARD MEMBER | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 908, ANNAPOLIS, MD 21404-0908
- In care of
- % ANNAPOLIS YACHT CLUB
- Mailing address (990-N for 2021)
- 2 Compromise Street, Annapolis MD 21404
- Principal officer (990 for 2024)
- KATHY PARKS, PO BOX 908, ANNAPOLIS, MD 21404
- Principal officer (990-N for 2021)
- Matthew Schubert, 2 Compromise Street, Annapolis MD 21404
- Signed the 990
- KATHY PARKS, PRESIDENT
- Phone
- (410) 263-9147
- Website
- www.aycfoundation.org
- Return prepared by
- PKF O'CONNOR DAVIES ADVISORY LLC
Mission
TO SUPPORT AND DEVELOP AMATEUR SAILORS AND INTERNATIONAL RACING COMPETITIONS TO SUPPORT SAILING INSTRUCTION FOR DESERVING YOUTH.
Program accomplishments
- SCHOLARSHIPS FOR INDIVIDUALS DEVELOPING AS SAILORS FOR NATIONAL AND INTERNATIONAL RACING COMPETITIONS AND SCHOLARSHIPS FOR YOUTH WITHOUT ACCESS TO SAILING.Expenses $57,458 · grants $57,115
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-EZ on file |
IRS record
- EIN
- 31-1721302
- 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
- 2000
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N67)
- Assets (IRS master file)
- $1,106,829
- Income (IRS master file)
- $1,111,819
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,087,107 | $84,704 | $1,106,829 | XML |
| 990-EZ | December 2023 | $128,605 | $176,959 | $113,146 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-N for 2021 Officer: Matthew Schubert | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2020 Officer: Matthew Schubert | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: Matthew Schubert | December 31, 2019 | ≤ $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 31-1721302).
Questions about ANNAPOLIS YACHT CLUB FOUNDATION INC
- What is the EIN of ANNAPOLIS YACHT CLUB FOUNDATION INC?
- The employer identification number (EIN) of ANNAPOLIS YACHT CLUB FOUNDATION INC is 31-1721302.
- Is ANNAPOLIS YACHT CLUB FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to ANNAPOLIS YACHT CLUB FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ANNAPOLIS 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 ANNAPOLIS YACHT CLUB FOUNDATION 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 ANNAPOLIS YACHT CLUB FOUNDATION 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 ANNAPOLIS YACHT CLUB FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names KATHY PARKS.
- Who are the officers and directors of ANNAPOLIS YACHT CLUB FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 11 people; 0 received compensation from the organization.
- How much revenue does ANNAPOLIS YACHT CLUB FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,087,107, expenses of $84,704 and total assets of $1,106,829 at year end.
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