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Nonprofit · EIN 59-2601311

PLATINUM POINT YACHT CLUB INC

Tax-exempt · PUNTA GORDA, FL 33955

Financials

$220K$224K2022$239K$239K2023$246K$223K2024
Revenue Expenses · by fiscal year end
Financials of PLATINUM POINT YACHT CLUB INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
October 31, 2025990$245,951$222,821$23,130$1,467,446$316,668$1,150,778
October 31, 2024990$239,097$238,584$513$1,472,898$345,250$1,127,648
October 31, 2023990$219,662$223,852-$4,190$1,428,841$301,318$1,127,523
Financial details: 990 for the year ended October 31, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$167,853
Investment income
$11,058
Net income from fundraising events
$49,655
Net income from sales of inventory
$318
Other revenue
$67,040

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$0
Other salaries and wages
$42,135
Salaries, compensation and benefits (total)
$45,329
Professional fundraising fees
$0
Accounting fees
$2,457
Depreciation
$12,455
Program services (functional)
$159,783
Management and general (functional)
$63,038

Balance sheet and other

Total assets, start of year
$1,472,898
Total assets, end of year
$1,467,446
Total liabilities, end of year
$316,668
Net assets, end of year
$1,150,778
Land, buildings and equipment
$1,139,959
Net assets without donor restrictions
$1,150,778
Gross unrelated business income
$318
Gross receipts
$257,475
Employees
2
Year formed
1984
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 October 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
BILL LANGERDirector
Trustee or director
1$0
SCOTT KINGDONDirector
Trustee or director
1$0
TINA DELFDirector
Trustee or director
1$0
KELLEE GABELDirector
Trustee or director
1$0
DOUG TERRELLDirector
Trustee or director
1$0
PAUL CHLANDirector
Trustee or director
1$0
MANNY PEREZDirector
Trustee or director
1$0
HANS BOERMADirector
Trustee or director
1$0
MIKE KOKINDADirector
Trustee or director
1$0
DIANE SEGGERPAST COMMODORE
Trustee or director
1$0
JACK BUTLERTreasurer
Officer
2$0
KATIE SAUERVICE COMMODORE
Officer
2$0
GEORGE STAPLESREAR COMMODORE
Officer
2$0
SUE SMITHSecretary
Officer
2$0
JACK BUTLERTreasurer
Officer
2$0
990 for the year ended October 31, 2024: 15 people
NameTitleHours / weekCompensation
PAUL CHLANDIRECTOR
Trustee or director
1$0
HELEN CLAUSSENDIRECTOR
Trustee or director
1$0
VANESSA JORDANDIRECTOR
Trustee or director
1$0
BILL LANGERDIRECTOR
Trustee or director
1$0
MANNY PEREZDIRECTOR
Trustee or director
1$0
CYNTHIA RAMSEYDIRECTOR
Trustee or director
1$0
KATIE SAUERDIRECTOR
Trustee or director
1$0
GEORGE STAPLESDIRECTOR
Trustee or director
1$0
LORETTA STEEVESDIRECTOR
Trustee or director
1$0
GREG BROXTERMANCOMMODORE
Officer
2$0
JERI BUTLERPAST COMMODO
Officer
2$0
GREG JORDANTREASURER
Officer
2$0
DREW MYERSREAR COMMODO
Officer
2$0
DIANE SEGGERVICE COMMODO
Officer
2$0
SUE SMITHSECRETARY
Officer
2$0
990 for the year ended October 31, 2023: 15 people
NameTitleHours / weekCompensation
PAUL CHLANDIRECTOR
Trustee or director
1$0
HELEN CLAUSSENDIRECTOR
Trustee or director
1$0
VANESSA JORDANDIRECTOR
Trustee or director
1$0
BILL LANGERDIRECTOR
Trustee or director
1$0
MANNY PEREZDIRECTOR
Trustee or director
1$0
CYNTHIA RAMSEYDIRECTOR
Trustee or director
1$0
KATIE SAUERDIRECTOR
Trustee or director
1$0
GEORGE STAPLESDIRECTOR
Trustee or director
1$0
LORETTA STEEVESDIRECTOR
Trustee or director
1$0
GREG BROXTERMANCOMMODORE
Officer
2$0
JERI BUTLERPAST COMMODO
Officer
2$0
GREG JORDANTREASURER
Officer
2$0
DREW MYERSREAR COMMODO
Officer
2$0
DIANE SEGGERVICE COMMODO
Officer
2$0
SUE SMITHSECRETARY
Officer
2$0

Address and contacts

Address (IRS master file)
3601 CAPE COLE BLVD, PUNTA GORDA, FL 33955-1917
Principal officer (990 for 2024)
DREW MYERS
Signed the 990
JACK BUTLER, Treasurer
Phone
(941) 639-0733
Return prepared by
Hammer Navarro Tanoli And Associates

Mission

SOCIAL AND EDUCATIONAL BOAT CLUB

990 for the year ended October 31, 2025

Program accomplishments

  • TAXPAYER IS A SOCIAL CLUB WHOSE MEMBERS MEET REGULARLY FOR SOCIAL AND EDUCATIONAL PURPOSES RELATED TO BOATING
    Expenses $154,786 · revenue $167,853
  • COMMITTEES PLAN LUNCHES AND LONG-DISTANCE CRUISES FOR MEMBERS
    Expenses $3,055
  • THE TAXPAYER ORGANIZES RACES, PROVIDES RECREATIONAL RACE COMMITTEE EXPERTISE, INSTRUCTIONS AND SEMINARS RELATED TO BOATING SAFETY AND RACING.
    Expenses $1,942

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 October, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025October 31, 2026March 15, 2027Not due yet
2024October 31, 2025March 16, 2026990 on file
2023October 31, 2024March 17, 2025990 on file

IRS record

EIN
59-2601311
Tax-exempt status
501(c)(7): Social or recreational club
Donations deductible
No
Exempt since
1986
Accounting year ends
October
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,467,446
Income (IRS master file)
$257,475

Filing history

FormYear endedRevenueExpensesAssetsReturn
990October 2025$245,951$222,821$1,467,446XML
990October 2024$239,097$238,584$1,472,898XML
990October 2023$219,662$223,852$1,428,841XML
990October 2022$206,689$195,974$1,416,063IRS
990October 2021–––IRS
990October 2020–––IRS
990October 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 59-2601311).

Questions about PLATINUM POINT YACHT CLUB INC

What is the EIN of PLATINUM POINT YACHT CLUB INC?
The employer identification number (EIN) of PLATINUM POINT YACHT CLUB INC is 59-2601311.
Is PLATINUM POINT YACHT CLUB INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1986.
Are donations to PLATINUM POINT YACHT CLUB INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does PLATINUM POINT 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 PLATINUM POINT YACHT CLUB INC due?
The return for tax year 2025 (the year ending October 31, 2026) is due March 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did PLATINUM POINT YACHT CLUB INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended October 2025.
Who is the principal officer of PLATINUM POINT YACHT CLUB INC?
The 990 for the year ended October 31, 2025 names DREW MYERS.
Who are the officers and directors of PLATINUM POINT YACHT CLUB INC?
The 990 for the year ended October 31, 2025 lists 15 people; 0 received compensation from the organization.
How much revenue does PLATINUM POINT YACHT CLUB INC have?
On its 990 for the year ended October 31, 2025 it reported revenue of $245,951, expenses of $222,821 and total assets of $1,467,446 at year end.

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