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Nonprofit · EIN 39-0478680

MILWAUKEE YACHT CLUB

Tax-exempt · MILWAUKEE, WI 53202

Financials

$1.6M$1.7M2023$1.5M$1.7M2024
Revenue Expenses · by fiscal year end
Financials of MILWAUKEE YACHT CLUB by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,541,282$1,724,903-$183,621$2,791,094$1,924,897$866,197
December 31, 2023990$1,579,497$1,719,896-$140,399$3,010,410$1,960,592$1,049,818
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$16,370
Program service revenue
$1,635,281
Investment income
$5,523
Net income from sales of inventory
-$192,738
Other revenue
-$115,892

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$149,189
Other salaries and wages
$461,419
Salaries, compensation and benefits (total)
$710,781
Professional fundraising fees
$0
Legal fees
$1,336
Accounting fees
$10,000
Occupancy
$279,367
Travel
$706
Depreciation
$165,903

Balance sheet and other

Total assets, start of year
$3,010,410
Total assets, end of year
$2,791,094
Total liabilities, end of year
$1,924,897
Net assets, end of year
$866,197
Land, buildings and equipment
$743,099
Net assets without donor restrictions
$866,197
Gross unrelated business income
$139,944
Gross receipts
$2,398,328
Employees
97
Volunteers
8
Year formed
1871
State of legal domicile
WI

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 / weekCompensationOther / benefits
KATHERINE NEWTONGENERAL MANAGER - PART YEAR
Officer
40$94,321$3,305
MATT MICHAELGENERAL MANAGER - PART YEAR
Officer
40$40,775$3,133
JOE MILLERCOMMODORE
Trustee or director, Officer
5$4,874$0
CURTIS GLASSENVICE COMMODORE
Trustee or director, Officer
5$0$0
WILLIAM WALKERREAR COMMODORE
Trustee or director, Officer
5$0$0
JOHN WINGERSECRETARY
Trustee or director, Officer
5$0$0
WILLIAM BAXTERTREASURER
Trustee or director, Officer
5$0$0
RYAN FOLGERDIRECTOR
Trustee or director
5$0$0
PEYTON TAMERDIRECTOR
Trustee or director
5$0$0
MATT SIRINEKDIRECTOR
Trustee or director
5$0$0
PHILIPPE HEVESYDIRECTOR
Trustee or director
5$0$0
990 for the year ended December 31, 2023: 11 people
NameTitleHours / weekCompensationOther / benefits
MATT MICHAELGENERAL MANAGER
Officer
40$116,683$11,639
JOE MILLERCOMMODORE
Trustee or director, Officer
5$772$0
CURTIS GLASSENVICE COMMODORE - PART YEAR
Trustee or director, Officer
5$0$0
WILLIAM WALKERREAR COMMODORE
Trustee or director, Officer
5$0$0
JOHN WINGERSECRETARY
Trustee or director, Officer
5$0$0
WILLIAM BAXTERTREASURER
Trustee or director, Officer
5$0$0
RYAN FOLGERDIRECTOR
Trustee or director
5$0$0
PEYTON TANNERDIRECTOR
Trustee or director
5$0$0
MATT SIRINEKDIRECTOR
Trustee or director
5$0$0
PHILIPPE HEVESYDIRECTOR
Trustee or director
5$0$0
OWEN BROWNDIRECTOR
Trustee or director
5$0$0

Address and contacts

Address (IRS master file)
1700 N LINCOLN MEMORIAL DR, MILWAUKEE, WI 53202-1336
Principal officer (990 for 2024)
WILLIAM BAXTER, 1700 N LINCOLN MEMORIAL DRIVE, MILWAUKEE, WI 53202
Signed the 990
WILLIAM BAXTER, TREASURER
Phone
(414) 271-4455
Return prepared by
REILLY PENNER & BENTON LLP

Mission

THE ORGANIZATION'S MISSION IS TO COOPERATE WITH THE UNITED STATES NAVY AND THE UNITED STATES COAST GUARD; TO DEVELOP AND ENCOURAGE SAIL AND POWER BOATING AND YACHT BUILDING, AND THE KNOWLEDGE OF NAVAL ARCHITECTURE; TO ACQUIRE, CULTIVATE, AND DISSEMINATE NAVAL SCIENCE AND NAUTICAL KNOWLEDGE, CUSTOMS AND BELIEFS; TO STUDY, TEACH AND INDULGE IN SAILING, POWER BOATING, SWIMMING AND ALL OTHER OUTDOOR OR INDOOR SPORTS AND RECREATION WHICH TEND TO PROMOTE SPORTSMANSHIP, CLOSER FELLOWSHIP AND SOCIAL INTERCOURSE AMONG ITS MEMBERS; AND TO ACQUIRE, HOLD AND OWN SUCH REAL AND PERSONAL PROPERTY AS MAY BE DEEMED NECESSARY OR USEFUL FOR THE FURTHERANCE OF ITS BUSINESS AND PURPOSES.

990 for the year ended December 31, 2024

Program accomplishments

  • THE CLUB PROVIDES SAILING, BOATING, AND OTHER FORMS OF RECREATION TO ITS MEMBERS. THE CLUB ALSO OFFERS ITS MEMBERS DINING AND SOCIAL ACTIVITIES. THE CLUB HAS A FULL-TIME STAFF TO OFFER A WIDE VARIETY OF DOCK SERVICES INCLUDING SUMMER AND WINTER STORAGE. THE CLUB ALSO MAINTAINS A JUNIOR PROGRAM FOR BOATERS, WHICH ENTAILS SAILING AND RACING LESSONS FOR BEGINNERS AND INTERMEDIATE BOATERS. THE CLUB ALSO ORGANIZES VARIOUS REGATTAS THROUGHOUT THE YEAR TO FURTHER ENHANCE THE YACHTING EXPERIENCE.

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
39-0478680
Tax-exempt status
501(c)(7): Social or recreational club
Donations deductible
No
Exempt since
1942
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$2,791,094
Income (IRS master file)
$2,398,328

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,541,282$1,724,903$2,791,094IRS
990December 2023$1,579,497$1,719,896$3,010,410XML
990December 2022$1,754,339$2,109,918$3,449,892IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––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 39-0478680).

Questions about MILWAUKEE YACHT CLUB

What is the EIN of MILWAUKEE YACHT CLUB?
The employer identification number (EIN) of MILWAUKEE YACHT CLUB is 39-0478680.
Is MILWAUKEE YACHT CLUB tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1942.
Are donations to MILWAUKEE YACHT CLUB tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does MILWAUKEE 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 MILWAUKEE YACHT CLUB 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 MILWAUKEE YACHT CLUB 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 MILWAUKEE YACHT CLUB?
The 990 for the year ended December 31, 2024 names WILLIAM BAXTER.
Who are the officers and directors of MILWAUKEE YACHT CLUB?
The 990 for the year ended December 31, 2024 lists 11 people; 3 received compensation from the organization, the highest $94,321 (KATHERINE NEWTON, GENERAL MANAGER - PART YEAR).
How much revenue does MILWAUKEE YACHT CLUB have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,541,282, expenses of $1,724,903 and total assets of $2,791,094 at year end.

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