Nonprofit · EIN 54-0321610
NORFOLK YACHT & COUNTRY CLUB
Tax-exempt · NORFOLK, VA 23505
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $9,916,321 | $9,845,661 | $70,660 | $16,151,907 | $6,305,130 | $9,846,777 |
| December 31, 2023 | 990 | $9,783,378 | $9,484,896 | $298,482 | $16,229,742 | $6,453,625 | $9,776,117 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $7,296,640
- Investment income
- -$22,365
- Net gain from sales of assets
- -$22,365
- Net income from sales of inventory
- $2,575,377
- Other revenue
- $2,642,046
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $273,915
- Other salaries and wages
- $4,362,524
- Salaries, compensation and benefits (total)
- $5,316,481
- Professional fundraising fees
- $0
- Legal fees
- $1,035
- Accounting fees
- $19,715
- Travel
- $93,353
- Depreciation
- $983,204
Balance sheet and other
- Total assets, start of year
- $16,229,742
- Total assets, end of year
- $16,151,907
- Total liabilities, end of year
- $6,305,130
- Net assets, end of year
- $9,846,777
- Land, buildings and equipment
- $14,597,347
- Net assets without donor restrictions
- $9,846,777
- Gross unrelated business income
- $164,841
- Gross receipts
- $11,514,363
- Employees
- 168
- Volunteers
- 8
- Year formed
- 1896
- State of legal domicile
- VA
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.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KENNETH UNDERWOOD | GENERAL MANAGER Officer | 40 | $245,830 | $28,084 |
| MICHAEL PUGH | ASSIST TENNIS PRO Highest-paid employee | 40 | $119,552 | $26,631 |
| JASON A MUELLER | TENNIS PRO Highest-paid employee | 40 | $108,025 | $0 |
| CORNELIA JOHNSON | COMMODORE Trustee or director, Officer | 4 | $5,245 | $0 |
| DAVID CHASE | VICE PRESIDENT Trustee or director, Officer | 4 | $5,245 | $0 |
| DOUGLAS B WILSON | SECRETARY Trustee or director, Officer | 4 | $5,245 | $0 |
| MARIANNE SCOTT | PRESIDENT Trustee or director, Officer | 4 | $5,245 | $0 |
| SHELLOY KIGER | TREASURER Trustee or director, Officer | 4 | $5,245 | $0 |
| BEN SCHILL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BILL VANBUREN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| GRAY GRANDY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOHN BAKER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOHN VELLINES | TRUSTEE Trustee or director | 1 | $0 | $0 |
| NATE DOUGAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SUSAN BLAKE | TRUSTEE Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KENNETH UNDERWOOD | GENERAL MANAGER Officer | 40 | $240,615 | $32,005 |
| Michael Pugh | Assist Tennis Pro Highest-paid employee | 40 | $108,557 | $26,178 |
| JASON A MUELLER | TENNIS PRO Highest-paid employee | 40 | $118,840 | $0 |
| JOHN MURRAY | PRESIDENT Trustee or director, Officer | 4 | $4,968 | $0 |
| MARIANNE SCOTT | VICE PRESIDENT Trustee or director, Officer | 4 | $4,968 | $0 |
| DOUGLAS B WILSON | SECRETARY Trustee or director, Officer | 4 | $4,968 | $0 |
| Cornelia Johnson | COMMODORE Trustee or director, Officer | 4 | $4,968 | $0 |
| DAVID CHASE | TREASURER Trustee or director, Officer | 4 | $4,968 | $0 |
| SUSAN BLAKE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| Gray Grandy | TRUSTEE Trustee or director | 1 | $0 | $0 |
| Shelloy Kiger | TRUSTEE Trustee or director | 1 | $0 | $0 |
| Ben Schill | TRUSTEE Trustee or director | 1 | $0 | $0 |
| Bill VanBuren | TRUSTEE Trustee or director | 1 | $0 | $0 |
| John Vellines | TRUSTEE Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 7001 HAMPTON BLVD, NORFOLK, VA 23505-2966
- In care of
- % NORFOLK YACHT AND COUNTRY CL
- Principal officer (990 for 2024)
- SHELLOY KIGER, 7001 HAMPTON BOULEVARD, NORFOLK, VA 23505
- Signed the 990
- SHELLOY KIGER, TREASURER
- Phone
- (757) 423-4500
- Website
- WWW.NORFOLKYACHT.COM
- Return prepared by
- BDO USA
Mission
EXEMPT SOCIAL CLUB THAT PROVIDES FACILITIES TO ITS MEMBERS.
Program accomplishments
- THE ORGANIZATION IS AN EXEMPT SOCIAL CLUB THAT PROVIDES COUNTRY CLUB FACILITIES TO ITS MEMBERS.
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 54-0321610
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1966
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $16,151,907
- Income (IRS master file)
- $11,514,363
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $9,916,321 | $9,845,661 | $16,151,907 | XML |
| 990 | December 2023 | $9,783,378 | $9,484,896 | $16,229,742 | XML |
| 990 | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 54-0321610).
Questions about NORFOLK YACHT & COUNTRY CLUB
- What is the EIN of NORFOLK YACHT & COUNTRY CLUB?
- The employer identification number (EIN) of NORFOLK YACHT & COUNTRY CLUB is 54-0321610.
- Is NORFOLK YACHT & COUNTRY CLUB tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1966.
- Are donations to NORFOLK YACHT & COUNTRY CLUB tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does NORFOLK YACHT & COUNTRY 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 NORFOLK YACHT & COUNTRY 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 NORFOLK YACHT & COUNTRY 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 NORFOLK YACHT & COUNTRY CLUB?
- The 990 for the year ended December 31, 2024 names SHELLOY KIGER.
- Who are the officers and directors of NORFOLK YACHT & COUNTRY CLUB?
- The 990 for the year ended December 31, 2024 lists 15 people; 8 received compensation from the organization, the highest $245,830 (KENNETH UNDERWOOD, GENERAL MANAGER).
- How much revenue does NORFOLK YACHT & COUNTRY CLUB have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $9,916,321, expenses of $9,845,661 and total assets of $16,151,907 at year end.
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