Nonprofit · EIN 46-3711395
12 METRE YACHT CLUB INC
Tax-exempt (reinstated) · NEWPORT, RI 02840
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | – | – | – | $6,185 | – | $6,185 |
| December 31, 2023 | 990-EZ | $196,498 | $197,457 | -$959 | $6,185 | – | $6,185 |
| December 31, 2022 | 990-EZ | $75,041 | $76,478 | -$1,437 | $7,144 | – | $7,144 |
| December 31, 2021 | 990-EZ | $75,223 | $88,460 | -$13,237 | $8,581 | – | $8,581 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
Expenses
- Compensation of officers, directors and key employees
- $0
Balance sheet and other
- Total assets, start of year
- $6,185
- Total assets, end of year
- $6,185
- Total liabilities, end of year
- –
- Net assets, end of year
- $6,185
- Cash, savings and investments
- $6,185
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-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEVE EDDLESTON | PRESIDENT | 2 | $0 |
| JACK KLINCK | TREASURER | 2 | $0 |
| CINDY ALTEN-DELOTTO | DIRECTOR | 1 | $0 |
| WILLIAM LYNN | DIRECTOR | 1 | $0 |
| DYER JONES | DIRECTOR | 1 | $0 |
990-EZ for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARGARET HERSAM | EXECUTIVE DI | 5 | $36,000 |
| STEVE EDDLESTON | PRESIDENT | 1 | $0 |
| JACK KLINCK | TREASURER | 1 | $0 |
| MICHAEL FORTENBAUGH | DIRECTOR | 1 | $0 |
| MICHAEL PATTERSON | DIRECTOR | 1 | $0 |
| JACK LEFORT | DIRECTOR | 1 | $0 |
| CINDY ALTEN DELOTTO | DIRECTOR | 1 | $0 |
| JAMES GUBELMANN | COMMODORE EM | 1 | $0 |
990-EZ for the year ended December 31, 2022: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARGARET HERSAM | EXECUTIVE DI | 5 | $36,000 |
| STEVE EDDLESTON | PRESIDENT | 1 | $0 |
| JACK KLINCK | TREASURER | 1 | $0 |
| MICHAEL FORTENBAUGH | DIRECTOR | 1 | $0 |
| MICHAEL PATTERSON | DIRECTOR | 1 | $0 |
| JACK LEFORT | DIRECTOR | 1 | $0 |
| CINDY ALTEN DELOTTO | DIRECTOR | 1 | $0 |
| JAMES GUBELMANN | COMMODORE EM | 1 | $0 |
990-EZ for the year ended December 31, 2021: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARGARET HERSAM | EXECUTIVE DI | 5 | $15,000 |
| STEVE EDDLESTON | PRESIDENT | 1 | $0 |
| JACK KLINCK | TREASURER | 1 | $0 |
| MICHAEL FORTENBAUGH | DIRECTOR | 1 | $0 |
| MICHAEL PATTERSON | DIRECTOR | 1 | $0 |
| JACK LEFORT | DIRECTOR | 1 | $0 |
| CINDY ALTEN DELOTTO | DIRECTOR | 1 | $0 |
| JAMES GUBELMANN | COMMODORE EM | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 148, NEWPORT, RI 02840-0002
- In care of
- % RICHARD N SAYER
- Mailing address (990-N for 2025)
- PO Box 148, Newport RI 02840
- Principal officer (990-N for 2025)
- Peter Gerard, PO Box 148, Newport RI 02840
- Signed the 990-EZ
- JACK KLINCK, TREASURER
- Phone
- (401) 851-1216
- Website
- HTTPS://12MYC.ORG/
- Return prepared by
- WADOVICK & COMPANY
Mission
ORGANIZATION MISSION IS TO RESTORE AND FOSTER INTEREST IN THE 12 METRE STYLE OF YACHT RACING BY HOSTING EDUCATIONAL SEMINARS, LECTURES AND AMATEUR RACING EVENTS.
Program accomplishments
- ANNUAL 12 METRE SAILING EDUCATIONAL SEMINAR HELD IN RHODE ISLAND. APPROXIMATE ATTENDANCE 100.
- SUPPORT OF THE INTERNATIONAL 12 METRE ASSOCIATION, AMERICAS FLEET, TO INCREASE PUBLIC AWARENESS AND APPRECIATION OF THE AMATEUR SPORT OF 12 METRE SAILING AND TO PARTICIPATE IN, AT AN AMATEUR LEVEL.
- SUPPORT OF THE EUROPEAN 12 METRE FLEET TO INCREASE PUBLIC AWARENESS AND APPRECIATION OF THE AMATEUR SPORT OF 12 METRE SAILING AND TO PARTICIPATE IN, AT AN AMATEUR LEVEL.
- 12 METRE YACHT CLUB NEWPORT STATION WAS HOST FOR THE 2023 12 METRE WORLD CHAMPIONSHIP HELD IN AUGUST 2023. THE EVENT FEATURED PARTICIPANTS FROM ALL OVER THE WORLD.
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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 | 990-N on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 46-3711395
- 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
- 2017
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Recreation and sports (N70)
Revocation and reinstatement
- Exemption revoked
- May 15, 2016
- Posted by the IRS
- June 28, 2017
- Reinstated
- Effective May 15, 2016
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-N for 2025 Officer: Peter Gerard | December 31, 2025 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-EZ | December 2024 | – | – | $6,185 | IRS |
| 990-EZ | December 2023 | $196,498 | $197,457 | $6,185 | XML |
| 990-EZ | December 2022 | $75,041 | $76,478 | $7,144 | XML |
| 990-EZ | December 2021 | $75,223 | $88,460 | $8,581 | XML |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-N for 2017 Officer: James B Gubelmann | December 31, 2017 | ≤ $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 46-3711395).
Questions about 12 METRE YACHT CLUB INC
- What is the EIN of 12 METRE YACHT CLUB INC?
- The employer identification number (EIN) of 12 METRE YACHT CLUB INC is 46-3711395.
- Is 12 METRE YACHT CLUB INC tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2016 and reinstated it effective May 15, 2016.
- Are donations to 12 METRE YACHT CLUB INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does 12 METRE YACHT CLUB INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of 12 METRE YACHT CLUB INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did 12 METRE YACHT CLUB INC last file with the IRS?
- The latest return in the IRS public files is the 990-N for 2025 for the year ended December 31, 2025.
- Who is the principal officer of 12 METRE YACHT CLUB INC?
- The 990-N for 2025 names Peter Gerard.
- Who are the officers and directors of 12 METRE YACHT CLUB INC?
- The 990-EZ for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
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