Nonprofit · EIN 59-0165090
BISCAYNE BAY YACHT CLUB
Tax-exempt · MIAMI, FL 33133
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| April 30, 2025 | 990 | $3,299,069 | $2,819,920 | $479,149 | $11,442,227 | $1,634,552 | $9,807,675 |
| April 30, 2024 | 990 | $3,048,124 | $2,669,650 | $378,474 | $10,595,543 | $1,399,236 | $9,196,307 |
| April 30, 2023 | 990 | $2,840,719 | $2,442,970 | $397,749 | $9,666,369 | $1,200,269 | $8,466,100 |
Financial details: 990 for the year ended April 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,242,667
- Investment income
- $276,846
- Net income from sales of inventory
- $751,970
- Other revenue
- $779,556
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $226,492
- Other salaries and wages
- $727,907
- Salaries, compensation and benefits (total)
- $1,147,812
- Professional fundraising fees
- $0
- Accounting fees
- $152,358
- Occupancy
- $460,023
- Depreciation
- $229,576
Balance sheet and other
- Total assets, start of year
- $10,595,543
- Total assets, end of year
- $11,442,227
- Total liabilities, end of year
- $1,634,552
- Net assets, end of year
- $9,807,675
- Land, buildings and equipment
- $4,541,577
- Publicly traded securities
- $5,027,138
- Net assets without donor restrictions
- $9,807,675
- Gross unrelated business income
- $515,878
- Gross receipts
- $3,777,741
- Employees
- 17
- Volunteers
- 0
- Year formed
- 1887
- State of legal domicile
- FL
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 April 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| NEAL CHANDA | GENERAL MANAGER Officer | 40 | $203,221 | $11,924 |
| JEFFREY NEHMS | COMMODORE Trustee or director, Officer | 10 | $0 | $0 |
| WIRTH T MUNROE | VICE COMMODORE Trustee or director, Officer | 10 | $0 | $0 |
| JOHN M PENNEKAMP | SECRETARY Trustee or director, Officer | 10 | $0 | $0 |
| TAIT C KEON | TREASURER Trustee or director, Officer | 12 | $0 | $0 |
| DAVID BIANCHI | REAR COMMODORE Trustee or director, Officer | 10 | $0 | $0 |
| WALTER ORTH | DIRECTOR Trustee or director | 4 | $0 | $0 |
| JON EWING | DIRECTOR Trustee or director | 4 | $0 | $0 |
| DR WILLIAM CULBERTSON IV | DIRECTOR Trustee or director | 4 | $0 | $0 |
| WILLIAM MUNROE | DIRECTOR Trustee or director | 4 | $0 | $0 |
| ERIC THYRRE | DIRECTOR Trustee or director | 4 | $0 | $0 |
| LOUIS L LAFONTISEE JR | DIRECTOR Trustee or director | 4 | $0 | $0 |
| THOMAS BYRNE JR | DIRECTOR Trustee or director | 4 | $0 | $0 |
| CHRIS DAMIAN | DIRECTOR Trustee or director | 4 | $0 | $0 |
| CHARLES KLINE | DIRECTOR Trustee or director | 4 | $0 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| EDUARDO HERNANDEZ | DIRECTOR Trustee or director | 4 | $0 |
| SPENCER CROWLEY | DIRECTOR Trustee or director | 4 | $0 |
| EZRA CULVER | DIRECTOR Trustee or director | 4 | $0 |
| MICHAEL LINGSWILER | DIRECTOR Trustee or director | 4 | $0 |
| CHRISTOPHER WILLITS | DIRECTOR Trustee or director | 4 | $0 |
| JOH SIEGEL | DIRECTOR Trustee or director | 4 | $0 |
990 for the year ended April 30, 2024: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| NEAL CHANDA | GENERAL MANAGER Officer | 40 | $192,187 | $13,117 |
| JEFFREY NEHMS | COMMODORE Trustee or director, Officer | 10 | $0 | $0 |
| WIRTH T MUNROE | VICE COMMODORE Trustee or director, Officer | 10 | $0 | $0 |
| JOHN M PENNEKAMP | SECRETARY Trustee or director, Officer | 10 | $0 | $0 |
| TAIT C KEON | TREASURER Trustee or director, Officer | 12 | $0 | $0 |
| DAVID BIANCHI | REAR COMMODORE Trustee or director, Officer | 10 | $0 | $0 |
| WALTER ORTH | DIRECTOR Trustee or director | 4 | $0 | $0 |
| THOMAS OTTO | DIRECTOR Trustee or director | 4 | $0 | $0 |
| DR WILLIAM CULBERTSON IV | DIRECTOR Trustee or director | 4 | $0 | $0 |
| WILLIAM MUNROE | DIRECTOR Trustee or director | 4 | $0 | $0 |
| BRUCE HARPER | DIRECTOR Trustee or director | 4 | $0 | $0 |
| LOUIS L LAFONTISEE JR | DIRECTOR Trustee or director | 4 | $0 | $0 |
| THOMAS BYRNE JR | DIRECTOR Trustee or director | 4 | $0 | $0 |
| CHRIS DAMIAN | DIRECTOR Trustee or director | 4 | $0 | $0 |
| CHARLES KLINE | DIRECTOR Trustee or director | 4 | $0 | $0 |
| EDUARDO HERNANDEZ | DIRECTOR Trustee or director | 4 | $0 | $0 |
| SPENCER CROWLEY | DIRECTOR Trustee or director | 4 | $0 | $0 |
| EZRA CULVER | DIRECTOR Trustee or director | 4 | $0 | $0 |
| DEREK MCDOWELL | DIRECTOR Trustee or director | 4 | $0 | $0 |
| JOSEPH HASSAN | DIRECTOR Trustee or director | 4 | $0 | $0 |
| PAUL CALLAHAN | DIRECTOR Trustee or director | 4 | $0 | $0 |
990 for the year ended April 30, 2023: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| NEAL CHANDA | GENERAL MANAGER Officer | 40 | $140,556 | $13,807 |
| JEFFREY NEHMS | COMMODORE Trustee or director, Officer | 10 | $0 | $0 |
| WIRTH T MUNROE | VICE COMMODORE Trustee or director, Officer | 10 | $0 | $0 |
| JOHN M PENNEKAMP | SECRETARY Trustee or director, Officer | 10 | $0 | $0 |
| TAIT C KEON | TREASURER Trustee or director, Officer | 12 | $0 | $0 |
| DAVID BIANCHI | REAR COMMODORE Trustee or director, Officer | 10 | $0 | $0 |
| WALTER ORTH | DIRECTOR Trustee or director | 4 | $0 | $0 |
| THOMAS OTTO | DIRECTOR Trustee or director | 4 | $0 | $0 |
| DR WILLIAM CULBERTSON IV | DIRECTOR Trustee or director | 4 | $0 | $0 |
| WILLIAM MUNROE | DIRECTOR Trustee or director | 4 | $0 | $0 |
| BRUCE HARPER | DIRECTOR Trustee or director | 4 | $0 | $0 |
| LOUIS L LAFONTISEE JR | DIRECTOR Trustee or director | 4 | $0 | $0 |
| THOMAS BYRNE JR | DIRECTOR Trustee or director | 4 | $0 | $0 |
| CHRIS DAMIAN | DIRECTOR Trustee or director | 4 | $0 | $0 |
| CHARLES KLINE | DIRECTOR Trustee or director | 4 | $0 | $0 |
| EDUARDO HERNANDEZ | DIRECTOR Trustee or director | 4 | $0 | $0 |
| SPENCER CROWLEY | DIRECTOR Trustee or director | 4 | $0 | $0 |
| EZRA CULVER | DIRECTOR Trustee or director | 4 | $0 | $0 |
| DEREK MCDOWELL | DIRECTOR Trustee or director | 4 | $0 | $0 |
| JOSEPH HASSAN | DIRECTOR Trustee or director | 4 | $0 | $0 |
| PAUL CALLAHAN | DIRECTOR Trustee or director | 4 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2540 S BAYSHORE DR, MIAMI, FL 33133-4705
- Principal officer (990 for 2024)
- TAIT KEON, 2540 SOUTH BAYSHORE DRIVE, MIAMI, FL 33133
- Signed the 990
- TAIT KEON, TREASURER
- Phone
- (305) 858-6303
- Return prepared by
- CARR RIGGS & INGRAM LLC
Mission
THE PURPOSES ARE THE ENCOURAGEMENT, IMPROVEMENT AND THE ENJOYMENT OF SAILING AS A SPORT AND THE ENJOYMENT BY ITS MEMBERS OF SOCIAL CONTACT, ENTERTAINMENT AND GOOD FELLOWSHIP.
Program accomplishments
- THE CLUB PROVIDES FOOD, BEVERAGE, AND DOCK FACILITIES AND SERVICES TO APPROXIMATELY 370 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 April, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | April 30, 2026 | September 15, 2026 | Not on file |
| 2024 | April 30, 2025 | September 15, 2025 | 990 on file |
| 2023 | April 30, 2024 | September 16, 2024 | 990 on file |
IRS record
- EIN
- 59-0165090
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1950
- Accounting year ends
- April
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $11,442,227
- Income (IRS master file)
- $3,777,741
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | April 2025 | $3,299,069 | $2,819,920 | $11,442,227 | XML |
| 990 | April 2024 | $3,048,124 | $2,669,650 | $10,595,543 | XML |
| 990 | April 2023 | $2,840,719 | $2,442,970 | $9,666,369 | XML |
| 990 | April 2022 | $2,457,875 | $2,089,384 | $9,181,078 | IRS |
| 990 | April 2021 | – | – | – | IRS |
| 990 | April 2020 | – | – | – | IRS |
| 990 | April 2019 | – | – | – | IRS |
| 990 | April 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 59-0165090).
Questions about BISCAYNE BAY YACHT CLUB
- What is the EIN of BISCAYNE BAY YACHT CLUB?
- The employer identification number (EIN) of BISCAYNE BAY YACHT CLUB is 59-0165090.
- Is BISCAYNE BAY YACHT CLUB tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1950.
- Are donations to BISCAYNE BAY YACHT CLUB tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does BISCAYNE BAY 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 BISCAYNE BAY YACHT CLUB due?
- The return for tax year 2025 (the year ending April 30, 2026) is due September 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BISCAYNE BAY YACHT CLUB last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended April 2025.
- Who is the principal officer of BISCAYNE BAY YACHT CLUB?
- The 990 for the year ended April 30, 2025 names TAIT KEON.
- Who are the officers and directors of BISCAYNE BAY YACHT CLUB?
- The 990 for the year ended April 30, 2025 lists 21 people; 1 received compensation from the organization, the highest $203,221 (NEAL CHANDA, GENERAL MANAGER).
- How much revenue does BISCAYNE BAY YACHT CLUB have?
- On its 990 for the year ended April 30, 2025 it reported revenue of $3,299,069, expenses of $2,819,920 and total assets of $11,442,227 at year end.
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