Nonprofit · EIN 59-0603864
CORAL RIDGE YACHT CLUB INC
Tax-exempt · FT LAUDERDALE, FL 33304
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $5,439,434 | $5,982,209 | -$542,775 | $15,803,784 | $11,020,421 | $4,783,363 |
| December 31, 2023 | 990 | $5,269,936 | $5,475,927 | -$205,991 | $12,567,526 | $8,765,607 | $3,801,919 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $3,814,079
- Investment income
- -$12,485
- Net gain from sales of assets
- -$54,710
- Net income from sales of inventory
- $1,386,563
- Other revenue
- $1,637,840
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $2,567,370
- Salaries, compensation and benefits (total)
- $2,930,259
- Professional fundraising fees
- $0
- Depreciation
- $466,316
Balance sheet and other
- Total assets, start of year
- $12,567,526
- Total assets, end of year
- $15,803,784
- Total liabilities, end of year
- $11,020,421
- Net assets, end of year
- $4,783,363
- Land, buildings and equipment
- $13,184,395
- Net assets without donor restrictions
- $4,783,363
- Gross unrelated business income
- $417,183
- Gross receipts
- $6,425,595
- Employees
- 122
- Volunteers
- 40
- Year formed
- 1978
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| NADINE ROCKWELL | GENERAL MANAGER (THROUGH 9/1/24) Officer | 50 | $186,512 | $12,744 |
| KIM LODOVICO | CONTROLLER Officer | 40 | $153,215 | $8,804 |
| STEVEN ZOBEL | HEAD CHEF Highest-paid employee | 45 | $112,766 | $7,310 |
| JAY BUTLER | GENERAL MANAGER (AS OF 9/23/24) Officer | 50 | $51,627 | $1,975 |
| MAYNARD HELLMAN | IMMEDIATE PAST COMMODORE Trustee or director, Officer | 10 | $0 | $0 |
| T FRED ROCHE | COMMODORE Trustee or director, Officer | 10 | $0 | $0 |
| PAUL SHEERIN | VICE COMMODORE Trustee or director, Officer | 10 | $0 | $0 |
| KEVIN CASSELL | REAR COMMODORE Trustee or director, Officer | 10 | $0 | $0 |
| BARBARA GEHRIG | TREASURER Trustee or director, Officer | 15 | $0 | $0 |
| ASHLEY WALKER | SECRETARY Trustee or director, Officer | 10 | $0 | $0 |
| AJ STARKS | GOVERNOR Trustee or director | 5 | $0 | $0 |
| JACKLIN CORNISH | GOVERNOR Trustee or director | 5 | $0 | $0 |
| BILL O'DONNELL | GOVERNOR Trustee or director | 5 | $0 | $0 |
| JIM PEASE | GOVERNOR Trustee or director | 5 | $0 | $0 |
| KATE NELSON | GOVERNOR Trustee or director | 5 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANDREW SHEILS | GOVERNOR Trustee or director | 5 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| NADINE ROCKWELL | GENERAL MANAGER Officer | 40 | $239,677 | $12,677 |
| KIM LODOVICO | CONTROLLER Officer | 40 | $140,131 | $2,974 |
| STEVEN ZOBEL | HEAD CHEF Highest-paid employee | 40 | $109,110 | $1,027 |
| MAYNARD HELLMAN | COMMODORE Trustee or director, Officer | 15 | $0 | $0 |
| T FRED ROCHE | VICE COMMODORE Trustee or director, Officer | 10 | $0 | $0 |
| PAUL SHEERIN | REAR COMMODORE Trustee or director, Officer | 10 | $0 | $0 |
| CHIP STARKEY | IMMEDIATE PAST COMMODORE Trustee or director, Officer | 15 | $0 | $0 |
| DENNIS LINCOLN | TREASURER Trustee or director, Officer | 15 | $0 | $0 |
| ROZ ALFORD | SECRETARY Trustee or director, Officer | 10 | $0 | $0 |
| AJ STARKS | GOVERNOR Trustee or director | 5 | $0 | $0 |
| JACKLIN CORNISH | GOVERNOR Trustee or director | 5 | $0 | $0 |
| BILL O'DONNELL | GOVERNOR Trustee or director | 5 | $0 | $0 |
| KEVIN CASSELL | GOVERNOR Trustee or director | 5 | $0 | $0 |
| MARK FORTIER | GOVERNOR Trustee or director | 5 | $0 | $0 |
| RICHARD SCHEFF | GOVERNOR Trustee or director | 5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2800 YACHT CLUB BLVD, FT LAUDERDALE, FL 33304-4542
- Principal officer (990 for 2024)
- PAUL SHEERIN, 2800 YACHT CLUB BOULEVARD, FORT LAUDERDALE, FL 33304
- Signed the 990
- PAUL SHEERIN, HEAD COMMODORE
- Phone
- (954) 566-1514
- Website
- CORALRIDGEYACHTCLUB.COM
- Return prepared by
- RSM US LLP
Mission
TO BIND THE CLUB'S MEMBERS TOGETHER UNDER A COMMON PURPOSE DIRECTED AT PLEASURE AND RECREATION.
Program accomplishments
- THE CLUB PROVIDES FOOD, BEVERAGE, ENTERTAINMENT, AND DOCKAGE FOR YACHT CLUB 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
- 59-0603864
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1952
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $15,803,784
- Income (IRS master file)
- $6,425,595
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $5,439,434 | $5,982,209 | $15,803,784 | XML |
| 990 | December 2023 | $5,269,936 | $5,475,927 | $12,567,526 | XML |
| 990 | December 2022 | $4,124,405 | $5,197,498 | $9,093,521 | IRS |
| 990 | December 2021 | $2,987,436 | $3,313,163 | $7,604,329 | 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 59-0603864).
Questions about CORAL RIDGE YACHT CLUB INC
- What is the EIN of CORAL RIDGE YACHT CLUB INC?
- The employer identification number (EIN) of CORAL RIDGE YACHT CLUB INC is 59-0603864.
- Is CORAL RIDGE YACHT CLUB INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1952.
- Are donations to CORAL RIDGE YACHT CLUB INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CORAL RIDGE 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 CORAL RIDGE 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 CORAL RIDGE 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 CORAL RIDGE YACHT CLUB INC?
- The 990 for the year ended December 31, 2024 names PAUL SHEERIN.
- Who are the officers and directors of CORAL RIDGE YACHT CLUB INC?
- The 990 for the year ended December 31, 2024 lists 16 people; 4 received compensation from the organization, the highest $186,512 (NADINE ROCKWELL, GENERAL MANAGER (THROUGH 9/1/24)).
- How much revenue does CORAL RIDGE YACHT CLUB INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $5,439,434, expenses of $5,982,209 and total assets of $15,803,784 at year end.
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