Nonprofit · EIN 59-2287093
PALM COAST YACHT CLUB INC
Tax-exempt · PALM COAST, FL 32135
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $18,244 | $24,333 | -$6,089 | $300,437 | – | $300,437 |
| December 31, 2024 | 990-EZ | $24,580 | $22,686 | $1,894 | $306,526 | – | $306,627 |
| December 31, 2023 | 990-EZ | $15,821 | $47,278 | -$31,457 | $304,733 | – | $304,733 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $2,080
- Membership dues
- $10,257
- Investment income
- $5,907
Expenses
- Grants and similar amounts paid
- $3,320
- Benefits paid to members
- $9,286
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $2,034
- Occupancy
- $6,172
- Other expenses
- $3,521
- Program services (functional)
- $9,286
Balance sheet and other
- Total assets, start of year
- $306,526
- Total assets, end of year
- $300,437
- Total liabilities, end of year
- –
- Net assets, end of year
- $300,437
- Cash, savings and investments
- $286,365
- Land and buildings
- $14,072
- Gross receipts
- $18,244
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-EZ for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Les Ball | Commodore | 5 | $0 |
| John Negovetich | Vice Commodore | 5 | $0 |
| Linda Allen | Rear Commodore | 5 | $0 |
| Mike Norris | Fleet Captain | 5 | $0 |
| Barbara Kipnis | Treasurer | 5 | $0 |
| Brenda Damiani | Secretary | 5 | $0 |
| Candice Schmidt | Past Commodore | 5 | $0 |
| Lynn Toben | Member at Large | 5 | $0 |
990-EZ for the year ended December 31, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Sarah Ulis | Vice Commodore | 5 | $0 |
| Brenda Damiani | Secretary | 5 | $0 |
| Donella Crawford | Past Commodore | 5 | $0 |
| Barbara Kipnis | Treasurer | 5 | $0 |
| Otis Gilyard | Fleet Captain | 5 | $0 |
| Candice Schmidt | Commodore | 5 | $0 |
| Terry Camilleri | Rear Commodore | 5 | $0 |
990-EZ for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Sarah Ulis | VICE COMMODORE | 5 | $0 |
| Steven Franklin | TREASURER | 5 | $0 |
| Donella Crawford | PAST COMMODORE | 5 | $0 |
| B KIPNIS | SECRETARY | 5 | $0 |
| Otis Gilyard | FLEET CAPTAIN | 5 | $0 |
| Candice Schmidt | COMMODORE | 5 | $0 |
| Terry Franklin | Rear Commodore | 5 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 352362, PALM COAST, FL 32135-2362
- Mailing address (990-N for 2022)
- 250 PALM COAST PKWY 607-253, PALM COAST FL 32137
- Principal officer (990-N for 2022)
- CANDYCE SCHMIDT, 800 CANOPY WALK LANE UNIT 815, PALM COAST FL 32137
- Signed the 990-EZ
- Barbara Kipnis, Treasurer
- Website
- PALMCOASTYACHTCLUB.COM
- Return prepared by
- Mazzie & Co LLC
Mission
Boating Safety and Education
Program accomplishments
- Meetings and lectures regarding boating safety and education including Knot tying, anchoring, raft up, and navigationExpenses $9,286
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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 | 990-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 59-2287093
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1985
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Assets (IRS master file)
- $300,437
- Income (IRS master file)
- $18,244
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $18,244 | $24,333 | $300,437 | XML |
| 990-EZ | December 2024 | $24,580 | $22,686 | $306,526 | XML |
| 990-EZ | December 2023 | $15,821 | $47,278 | $304,733 | XML |
| 990-N for 2022 Officer: CANDYCE SCHMIDT | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-EZ | 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 59-2287093).
Questions about PALM COAST YACHT CLUB INC
- What is the EIN of PALM COAST YACHT CLUB INC?
- The employer identification number (EIN) of PALM COAST YACHT CLUB INC is 59-2287093.
- Is PALM COAST YACHT CLUB INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1985.
- Are donations to PALM COAST YACHT CLUB INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does PALM COAST YACHT CLUB INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of PALM COAST YACHT CLUB INC 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 PALM COAST YACHT CLUB INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who is the principal officer of PALM COAST YACHT CLUB INC?
- The 990-N for 2022 names CANDYCE SCHMIDT.
- Who are the officers and directors of PALM COAST YACHT CLUB INC?
- The 990-EZ for the year ended December 31, 2025 lists 8 people; 0 received compensation from the organization.
- How much revenue does PALM COAST YACHT CLUB INC have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $18,244, expenses of $24,333 and total assets of $300,437 at year end.
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