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Nonprofit · EIN 52-1198273

EASTPORT YACHT CLUB LTD

Tax-exempt · ANNAPOLIS, MD 21403

Financials

$2.6M$1.9M2023$3.6M$2.9M2024
Revenue Expenses · by fiscal year end
Financials of EASTPORT YACHT CLUB LTD by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$3,613,528$2,927,671$685,857$10,779,930$3,328,427$7,451,503
December 31, 2023990$2,594,512$1,888,875$705,637$10,228,868$4,032,894$6,195,974
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$2,399,951
Investment income
$143,397
Net gain from sales of assets
$2,100
Net income from sales of inventory
$1,034,287
Other revenue
$1,070,180

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$121,178
Other salaries and wages
$1,032,727
Salaries, compensation and benefits (total)
$1,359,111
Professional fundraising fees
$0
Accounting fees
$54,761
Occupancy
$170,814
Depreciation
$290,288

Balance sheet and other

Total assets, start of year
$10,228,868
Total assets, end of year
$10,779,930
Total liabilities, end of year
$3,328,427
Net assets, end of year
$7,451,503
Land, buildings and equipment
$6,771,550
Net assets without donor restrictions
$7,451,503
Gross unrelated business income
$259,560
Gross receipts
$4,127,991
Employees
91
Volunteers
50
Year formed
1980
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
DAN MCQUAYCLUB MANAGER
Officer
40$117,698$3,480
BOB SCHNABELCOMMODORE
Trustee or director, Officer
2$0$0
JOHN RYDERVICE COMMODORE
Trustee or director, Officer
2$0$0
JENNIFER ELLEFSONREAR COMMODORE
Trustee or director
2$0$0
BILL PHILLIPSFLEET CAPITAN
Trustee or director
2$0$0
AMY STRYKERKEEPER OF THE LOG
Trustee or director
2$0$0
JIM BURDICKTREASURER
Trustee or director, Officer
2$0$0
LEE MAYNARDPAST COMMODORE
Trustee or director, Officer
2$0$0
990 for the year ended December 31, 2023: 8 people
NameTitleHours / weekCompensationOther / benefits
DAN MCQUAYCLUB MANAGER
Officer
40$115,057$3,845
LEE MAYNARDCOMMODORE
Trustee or director, Officer
2$0$0
RICK LOBERVICE COMMODORE
Trustee or director, Officer
2$0$0
JENNIFER ELLEFSONREAR COMMODORE
Trustee or director
2$0$0
BILL PHILLIPSFLEET CAPITAN
Trustee or director
2$0$0
JOHN RYDERKEEPER OF THE LOG
Trustee or director
2$0$0
STEPHANIE SAMSTREASURER
Trustee or director, Officer
2$0$0
LIZ FILTERPAST COMMODORE
Trustee or director, Officer
2$0$0

Address and contacts

Address (IRS master file)
PO BOX 3205, ANNAPOLIS, MD 21403-0205
Principal officer (990 for 2024)
ROBERT SCHNABEL, PO BOX 3205, ANNAPOLIS, MD 21403
Signed the 990
BOB SCHNABEL, COMMODORE
Phone
(410) 267-9549
Return prepared by
PBMARES LLP

Mission

TO PROMOTE AND ENCOURAGE SAILING

990 for the year ended December 31, 2024

Program accomplishments

  • PROMOTION OF PLEASURE SAILING. DEVELOP AND SUSTAIN INTEREST IN WATERCRAFTS OF ALL TYPES. SPONSOR SAILING EVENTS AND FURTHER THE ENJOYMENT OF SAILING.

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, 2026Check at the IRS
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
52-1198273
Tax-exempt status
501(c)(7): Social or recreational club
Donations deductible
No
Exempt since
1996
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$11,023,083
Income (IRS master file)
$3,992,534

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$3,613,528$2,927,671$10,779,930XML
990December 2023$2,594,512$1,888,875$10,228,868XML
990December 2022$2,693,086$1,778,146$9,804,715IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––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 52-1198273).

Questions about EASTPORT YACHT CLUB LTD

What is the EIN of EASTPORT YACHT CLUB LTD?
The employer identification number (EIN) of EASTPORT YACHT CLUB LTD is 52-1198273.
Is EASTPORT YACHT CLUB LTD tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1996.
Are donations to EASTPORT YACHT CLUB LTD tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does EASTPORT YACHT CLUB LTD 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 EASTPORT YACHT CLUB LTD 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 EASTPORT YACHT CLUB LTD 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 EASTPORT YACHT CLUB LTD?
The 990 for the year ended December 31, 2024 names ROBERT SCHNABEL.
Who are the officers and directors of EASTPORT YACHT CLUB LTD?
The 990 for the year ended December 31, 2024 lists 8 people; 1 received compensation from the organization, the highest $117,698 (DAN MCQUAY, CLUB MANAGER).
How much revenue does EASTPORT YACHT CLUB LTD have?
On its 990 for the year ended December 31, 2024 it reported revenue of $3,613,528, expenses of $2,927,671 and total assets of $10,779,930 at year end.

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