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Nonprofit · EIN 52-0227500

ANNAPOLIS YACHT CLUB INC

Tax-exempt · ANNAPOLIS, MD 21401

Financials

$11.7M$10.8M2023$12.2M$10.7M2024
Revenue Expenses · by fiscal year end
Financials of ANNAPOLIS YACHT CLUB INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$12,202,157$10,749,880$1,452,277$65,910,116$28,268,904$37,641,212
December 31, 2023990$11,731,726$10,844,865$886,861$64,515,877$28,326,942$36,188,935
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$47,175
Program service revenue
$11,186,657
Investment income
$651,905
Net gain from sales of assets
-$98,266
Net income from sales of inventory
$316,420
Other revenue
$316,420

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$912,698
Other salaries and wages
$2,381,632
Salaries, compensation and benefits (total)
$3,796,661
Professional fundraising fees
$0
Accounting fees
$36,430
Occupancy
$791,698
Travel
$16,810
Depreciation
$2,212,469

Balance sheet and other

Total assets, start of year
$64,515,877
Total assets, end of year
$65,910,116
Total liabilities, end of year
$28,268,904
Net assets, end of year
$37,641,212
Land, buildings and equipment
$42,238,495
Net assets without donor restrictions
$37,641,212
Gross unrelated business income
$297,327
Gross receipts
$20,323,366
Employees
328
Volunteers
300
Year formed
1937
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.

NameTitleHours / weekCompensationOther / benefits
BRIAN ASCHGENERAL MANAGER
Key employee
50$508,710$21,981
MICHAEL HERREXECUTIVE CHEF
Key employee
50$198,472$21,881
MERCEDES BUCLEATODIRECTOR OF FINANCE
Key employee
50$205,516$7,004
TIMOTHY CUSACKCOMMODORE
Trustee or director, Officer
2$0$0
C EDWARD HARTMAN IIIPAST COMMODORE
Trustee or director
1$0$0
CHRISTOPHER BELLVICE COMMODORE
Trustee or director, Officer
2$0$0
TED KACZMARSKIREAR COMMODORE
Trustee or director, Officer
2$0$0
CEDRIC LEWISFLEET CAPTAIN
Trustee or director
1$0$0
ERIC KEITZSECRETARY
Trustee or director
1$0$0
STEPHEN PALMERTREASURER
Trustee or director
1$0$0
KEITH MISNERGENERAL MEMBER
Trustee or director
1$0$0
ELIOT POWELLGENERAL MEMBER
Trustee or director
1$0$0
MAJOR GENERAL ANDREW DAVISGENERAL MEMBER
Trustee or director
1$0$0
990 for the year ended December 31, 2023: 14 people
NameTitleHours / weekCompensationOther / benefits
BRIAN ASCHGENERAL MANAGER
Key employee
50$499,901$18,626
MICHAEL HERREXECUTIVE CHEF
Key employee
50$194,142$16,626
MERCEDES BUCLEATODIRECTOR OF FINANCE
Key employee
50$192,424$2,168
TRACIE PARKINSONHR/MEMBERSHIP DIRECTOR
Key employee
50$179,939$10,921
TIMOTHY CUSACKCOMMODORE
Trustee or director, Officer
2$0$0
C EDWARD HARTMAN IIIPAST COMMODORE
Trustee or director
1$0$0
CHRISTOPHER BELLVICE COMMODORE
Trustee or director, Officer
2$0$0
TED KACZMARSKIREAR COMMODORE
Trustee or director, Officer
2$0$0
WALTER LAIRDFLEET CAPTAIN
Trustee or director
1$0$0
JENNIFER NORWOODSECRETARY
Trustee or director
1$0$0
STEPHEN PALMERTREASURER
Trustee or director
1$0$0
KEITH MISNERGENERAL MEMBER
Trustee or director
1$0$0
DAVID HAGLERGENERAL MEMBER
Trustee or director
1$0$0
MAJOR GENERAL ANDREW DAVISGENERAL MEMBER
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
2 COMPROMISE ST, ANNAPOLIS, MD 21401-1819
Principal officer (990 for 2024)
TIM CUSACK, PO BOX 908, ANNAPOLIS, MD 214040908
Signed the 990
TIM CUSACK, COMMODORE
Phone
(410) 263-9147
Return prepared by
PKF O'CONNOR DAVIES ADVISORY LLC

Mission

THE ANNAPOLIS YACHT CLUB'S MISSION IS TO ENCOURAGE AND SUPPORT A WIDE RANGE OF BOATING ACTIVITIES, AND TO PROVIDE AND MAINTAIN A SUITABLE CLUBHOUSE AND ASSOCIATED FACILITIES FOR THE RECREATIONAL AND SOCIAL USE OF ITS MEMBERS.

990 for the year ended December 31, 2024

Program accomplishments

  • THE CLUB PROVIDES SOCIAL AND RECREATIONAL ACTIVITIES TO ITS MEMBERS SUCH AS YACHTING AND DINING FACILITIES.

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
52-0227500
Tax-exempt status
501(c)(7): Social or recreational club
Donations deductible
No
Exempt since
1945
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$65,910,116
Income (IRS master file)
$20,323,366

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$12,202,157$10,749,880$65,910,116XML
990December 2023$11,731,726$10,844,865$64,515,877XML
990December 2022$10,221,791$9,304,082$63,087,004IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––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 52-0227500).

Questions about ANNAPOLIS YACHT CLUB INC

What is the EIN of ANNAPOLIS YACHT CLUB INC?
The employer identification number (EIN) of ANNAPOLIS YACHT CLUB INC is 52-0227500.
Is ANNAPOLIS YACHT CLUB INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1945.
Are donations to ANNAPOLIS YACHT CLUB INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does ANNAPOLIS YACHT CLUB 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 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 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 INC?
The 990 for the year ended December 31, 2024 names TIM CUSACK.
Who are the officers and directors of ANNAPOLIS YACHT CLUB INC?
The 990 for the year ended December 31, 2024 lists 13 people; 3 received compensation from the organization, the highest $508,710 (BRIAN ASCH, GENERAL MANAGER).
How much revenue does ANNAPOLIS YACHT CLUB INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $12,202,157, expenses of $10,749,880 and total assets of $65,910,116 at year end.

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