Nonprofit · EIN 34-0638827
EDGEWATER YACHT CLUB OF CLEVELAND INC
Tax-exempt · CLEVELAND, OH 44102
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,412,989 | $3,406,459 | $6,530 | $5,340,075 | $2,195,096 | $3,144,979 |
| December 31, 2023 | 990 | $3,357,751 | $3,266,817 | $90,934 | $5,630,290 | $2,491,841 | $3,138,449 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,446,526
- Investment income
- $13,350
- Net income from sales of inventory
- $953,113
- Other revenue
- $953,113
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $170,276
- Other salaries and wages
- $1,301,272
- Salaries, compensation and benefits (total)
- $1,841,071
- Professional fundraising fees
- $0
- Legal fees
- $31,167
- Occupancy
- $488,736
- Travel
- $2,043
- Depreciation
- $325,079
Balance sheet and other
- Total assets, start of year
- $5,630,290
- Total assets, end of year
- $5,340,075
- Total liabilities, end of year
- $2,195,096
- Net assets, end of year
- $3,144,979
- Land, buildings and equipment
- $3,662,066
- Net assets without donor restrictions
- $3,144,979
- Gross unrelated business income
- $14,123
- Gross receipts
- $4,101,660
- Employees
- 105
- Volunteers
- 179
- Year formed
- 1928
- State of legal domicile
- OH
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 |
|---|---|---|---|
| RON WOLFE | GENERAL MANAGER Officer | 40 | $132,596 |
| ED GARRITY | ACCOUNTANT Officer | 5 | $37,680 |
| MARK SAFFELL | TRUSTEE Trustee or director | 1 | $0 |
| JIM HEROLD | TRUSTEE Trustee or director | 1 | $0 |
| BOB BENNETT | TRUSTEE Trustee or director | 1 | $0 |
| AUD JUCAITIS | TRUSTEE Trustee or director | 1 | $0 |
| MARC UHRICH | TRUSTEE Trustee or director | 1 | $0 |
| GRETCHEN OLESKI | TRUSTEE/BOARD CHAIRMAN Trustee or director | 1 | $0 |
| TIM GIBBS | TRUSTEE Trustee or director | 1 | $0 |
| RONNIE COPFER | TRUSTEE Trustee or director | 1 | $0 |
| TERRY FORD III | TRUSTEE Trustee or director | 1 | $0 |
| ED FRINDT | TRUSTEE Trustee or director | 1 | $0 |
| MIKE VINING | TRUSTEE Trustee or director | 1 | $0 |
| CHIP SCHAFFNER | TRUSTEE Trustee or director | 1 | $0 |
| KEN BLOCK | REAR COMMODORE Officer | 1 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JULIA OSBORNE | COMMODORE Officer | 1 | $0 |
| NICK LUBAR | TREASURER Officer | 1 | $0 |
| MICHAEL LECHNER | FLEET SURGEON Officer | 1 | $0 |
| KAREN FORD | VICE COMMODORE Officer | 1 | $0 |
| TOM JAMES | FLEET CAPTAIN Officer | 1 | $0 |
| PAULA COLAHAN-SEDERSTROM | SECRETARY Officer | 1 | $0 |
990 for the year ended December 31, 2023: 21 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RON WOLFE | GENERAL MANAGER Officer | 40 | $132,324 |
| ED GARRITY | ACCOUNTANT Officer | 5 | $28,569 |
| MARK SAFFELL | TRUSTEE Trustee or director | 1 | $0 |
| JIM HEROLD | TRUSTEE Trustee or director | 1 | $0 |
| BOB BENNETT | TRUSTEE Trustee or director | 1 | $0 |
| AUD JUCAITIS | TRUSTEE Trustee or director | 1 | $0 |
| MARC UHRICH | TRUSTEE Trustee or director | 1 | $0 |
| GRETCHEN OLESKI | TRUSTEE/BOARD CHAIRMAN Trustee or director | 1 | $0 |
| TIM GIBBS | TRUSTEE Trustee or director | 1 | $0 |
| RONNIE COPFER | TRUSTEE Trustee or director | 1 | $0 |
| TERRY FORD III | TRUSTEE Trustee or director | 1 | $0 |
| ED FRINDT | TRUSTEE Trustee or director | 1 | $0 |
| MIKE VINING | TRUSTEE Trustee or director | 1 | $0 |
| CHIP SCHAFFNER | TRUSTEE Trustee or director | 1 | $0 |
| KEN BLOCK | REAR COMMODORE Officer | 1 | $0 |
| JULIA OSBORNE | COMMODORE Officer | 1 | $0 |
| NICK LUBAR | TREASURER Officer | 1 | $0 |
| MICHAEL LECHNER | FLEET SURGEON Officer | 1 | $0 |
| KAREN FORD | VICE COMMODORE Officer | 1 | $0 |
| TOM JAMES | FLEET CAPTAIN Officer | 1 | $0 |
| PAULA COLAHAN-SEDERSTROM | SECRETARY Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 6700 MEMORIAL SHOREWAY NW, CLEVELAND, OH 44102-0000
- Principal officer (990 for 2024)
- NICK LUBAR, 6700 MEMORIAL SHOREWAY NW, CLEVELAND, OH 44102
- Signed the 990
- NICK LUBAR, TREASURER
- Phone
- (216) 281-6470
- Website
- WWW.EYCWEB.COM
- Return prepared by
- MEADEN & MOORE LTD
Mission
TO PROMOTE, PROTECT, AND ENCOURAGE THE SPORT OF BOATING; TO ENCOURAGE THE MEMBERS TO BECOME FAMILIAR WITH AND TO ADHERE TO THE RULES AND LAWS OF NAVIGATION AND SEAMANSHIP, AND TO PROMOTE AND ENCOURAGE SOCIALIBILITY AND FRIENDSHIP AMONG MEMBERS.
Program accomplishments
- TO PROMOTE, PROTECT, AND ENCOURAGE THE SPORT OF BOATING; TO ENCOURAGE THE MEMBERS TO BECOME FAMILIAR WITH AND TO ADHERE TO THE RULES AND LAWS OF NAVIGATION AND SEAMANSHIP, AND TO PROMOTE AND ENCOURAGE SOCIALIBILITY AND FRIENDSHIP AMONG 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 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
- 34-0638827
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1967
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $5,340,075
- Income (IRS master file)
- $4,101,660
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,412,989 | $3,406,459 | $5,340,075 | IRS |
| 990 | December 2023 | $3,357,751 | $3,266,817 | $5,630,290 | XML |
| 990 | December 2022 | $3,342,123 | $3,073,239 | $5,840,337 | 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 34-0638827).
Questions about EDGEWATER YACHT CLUB OF CLEVELAND INC
- What is the EIN of EDGEWATER YACHT CLUB OF CLEVELAND INC?
- The employer identification number (EIN) of EDGEWATER YACHT CLUB OF CLEVELAND INC is 34-0638827.
- Is EDGEWATER YACHT CLUB OF CLEVELAND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1967.
- Are donations to EDGEWATER YACHT CLUB OF CLEVELAND INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does EDGEWATER YACHT CLUB OF CLEVELAND 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 EDGEWATER YACHT CLUB OF CLEVELAND 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 EDGEWATER YACHT CLUB OF CLEVELAND 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 EDGEWATER YACHT CLUB OF CLEVELAND INC?
- The 990 for the year ended December 31, 2024 names NICK LUBAR.
- Who are the officers and directors of EDGEWATER YACHT CLUB OF CLEVELAND INC?
- The 990 for the year ended December 31, 2024 lists 21 people; 2 received compensation from the organization, the highest $132,596 (RON WOLFE, GENERAL MANAGER).
- How much revenue does EDGEWATER YACHT CLUB OF CLEVELAND INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,412,989, expenses of $3,406,459 and total assets of $5,340,075 at year end.
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