Nonprofit · EIN 37-0609211
ISLAND BAY YACHT CLUB
Tax-exempt · SPRINGFIELD, IL 62712
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $3,112,940 | $2,867,153 | $245,787 | $5,202,495 | $1,207,531 | $3,994,964 |
| September 30, 2024 | 990 | $2,882,100 | $2,640,454 | $241,646 | $5,131,462 | $1,382,285 | $3,749,177 |
| September 30, 2023 | 990 | $2,704,710 | $2,804,802 | -$100,092 | $4,874,681 | $1,367,150 | $3,507,531 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $2,186,446
- Membership dues
- $2,186,446
- Program service revenue
- $135,793
- Investment income
- $29,234
- Net income from sales of inventory
- $758,531
- Other revenue
- $761,467
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $127,163
- Other salaries and wages
- $1,259,529
- Salaries, compensation and benefits (total)
- $1,686,359
- Professional fundraising fees
- $0
- Accounting fees
- $21,795
- Occupancy
- $196,173
- Depreciation
- $238,399
Balance sheet and other
- Total assets, start of year
- $5,131,462
- Total assets, end of year
- $5,202,495
- Total liabilities, end of year
- $1,207,531
- Net assets, end of year
- $3,994,964
- Land, buildings and equipment
- $3,435,765
- Net assets without donor restrictions
- $3,994,964
- Gross unrelated business income
- $160,837
- Gross receipts
- $3,599,485
- Employees
- 140
- Volunteers
- 0
- Year formed
- 1935
- State of legal domicile
- IL
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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ROBERT TREGONING | GENERAL MANAGER Highest-paid employee | 40 | $114,788 | $12,375 |
| JEFF COX | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ALEX RABIN | PAST COMMODORE Trustee or director, Officer | 1 | $0 | $0 |
| KATHY RIDLEY | COMMODORE Trustee or director, Officer | 3 | $0 | $0 |
| KEN DAY | TREASURER Trustee or director, Officer | 7 | $0 | $0 |
| LJ POWELL | VICE COMMODORE Trustee or director, Officer | 2 | $0 | $0 |
| MIKE REISINGER | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| TREVOR WALLNER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NANCY PETERSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MISSY GRADY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MIKE S JOHNSON | REAR COMMODORE Trustee or director, Officer | 2 | $0 | $0 |
| BRANDI STRADER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GREG JOHNSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NICKEY SPERRY | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended September 30, 2024: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ROBERT TREGONING | GENERAL MANAGER Highest-paid employee | 40 | $114,010 | $12,375 |
| BRANDY LOFTUS | PAST COMMODORE Trustee or director, Officer | 1 | $0 | $0 |
| ALEX RABIN | COMMODORE Trustee or director, Officer | 3 | $0 | $0 |
| KATHY RIDLEY | VICE COMMODORE Trustee or director, Officer | 2 | $0 | $0 |
| KEN DAY | TREASURER Trustee or director, Officer | 7 | $0 | $0 |
| LJ POWELL | REAR COMMODORE/DIRECTOR Trustee or director, Officer | 2 | $0 | $0 |
| MIKE REISINGER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TREVOR WALLNER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NANCY PETERSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MISSY GRADY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MIKE S JOHNSON | SECRETARY/DIRECTOR Trustee or director, Officer | 1 | $0 | $0 |
| BRANDI STRADER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GREG JOHNSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NICKEY SPERRY | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended September 30, 2023: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ROBERT TREGONING | GENERAL MANAGER Highest-paid employee | 40 | $112,206 | $12,375 |
| BRANDY LOFTUS | COMMODORE Trustee or director, Officer | 3 | $0 | $0 |
| ALEX RABIN | VICE COMMODORE Trustee or director, Officer | 2 | $0 | $0 |
| KATHY RIDLEY | REAR COMMODORE/DIRECTOR Trustee or director, Officer | 2 | $0 | $0 |
| CHRIS HANKEN | PAST COMMODORE Trustee or director, Officer | 1 | $0 | $0 |
| KEN DAY | TREASURER Trustee or director, Officer | 7 | $0 | $0 |
| LJ POWELL | SECRETARY/DIRECTOR Trustee or director, Officer | 1 | $0 | $0 |
| SARAH CHANDLER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DIANA JORDAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MIKE REISINGER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MIKE S JOHNSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SCOTT LARKIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TREVOR WALLNER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NANCY PETERSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MISSY GRADY | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 76 YACHT CLUB RD, SPRINGFIELD, IL 62712-9525
- In care of
- % LARRY DAVSKO
- Principal officer (990 for 2024)
- KATHY RIDLEY, 76 YACHT CLUB DR, SPRINGFIELD, IL 62712
- Signed the 990
- KEN DAY, TREASURER
- Phone
- (217) 529-5418
- Website
- WWW.IBYCONLINE.COM
- Return prepared by
- KERBER ECK & BRAECKEL LLP
Mission
TO ENCOURAGE AND FOSTER THE SPORT OF SAILING, YACHTING, AND OTHER WHOLESOME RECREATION AND TO PROMOTE FELLOWSHIP AMONG ITS MEMBERS.
Program accomplishments
- PAYMENT OF EXPENSES TO FOSTER THE SPORT OF SAILING, YACHTING AND OTHER WHOLESOME RECREATION.
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 September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 37-0609211
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1936
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $5,202,495
- Income (IRS master file)
- $3,599,485
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $3,112,940 | $2,867,153 | $5,202,495 | XML |
| 990 | September 2024 | $2,882,100 | $2,640,454 | $5,131,462 | XML |
| 990 | September 2023 | $2,704,710 | $2,804,802 | $4,874,681 | XML |
| 990 | September 2022 | $2,540,644 | $2,602,125 | $5,104,323 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 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 37-0609211).
Questions about ISLAND BAY YACHT CLUB
- What is the EIN of ISLAND BAY YACHT CLUB?
- The employer identification number (EIN) of ISLAND BAY YACHT CLUB is 37-0609211.
- Is ISLAND BAY YACHT CLUB tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1936.
- Are donations to ISLAND BAY YACHT CLUB tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ISLAND BAY YACHT CLUB 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 ISLAND BAY YACHT CLUB due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ISLAND BAY YACHT CLUB last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of ISLAND BAY YACHT CLUB?
- The 990 for the year ended September 30, 2025 names KATHY RIDLEY.
- Who are the officers and directors of ISLAND BAY YACHT CLUB?
- The 990 for the year ended September 30, 2025 lists 14 people; 1 received compensation from the organization, the highest $114,788 (ROBERT TREGONING, GENERAL MANAGER).
- How much revenue does ISLAND BAY YACHT CLUB have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $3,112,940, expenses of $2,867,153 and total assets of $5,202,495 at year end.
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