Nonprofit · EIN 63-1091730
GULF YACHTING ASSOCIATION FOUNDATION INC
Tax-exempt · GULFPORT, MS 39507
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | -$803,545 | $2,696 | -$806,241 | $365,227 | – | $365,227 |
| December 31, 2023 | 990 (amended) | $21,567 | $1,650 | $19,917 | $1,150,774 | $0 | $1,150,774 |
| December 31, 2023 | 990-EZ | $21,567 | $1,650 | $19,917 | $250,774 | – | $250,774 |
| December 31, 2022 | 990 (amended) | $912,063 | $29,307 | $882,756 | $1,108,481 | $0 | $1,108,481 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,570
- Investment income
- $10,885
- Net gain from sales of assets
- -$816,000
Expenses
- Grants and similar amounts paid
- $1,000
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $1,250
- Other expenses
- $446
- Program services (functional)
- $1,000
Balance sheet and other
- Total assets, start of year
- $1,150,774
- Total assets, end of year
- $365,227
- Total liabilities, end of year
- –
- Net assets, end of year
- $365,227
- Cash, savings and investments
- $365,227
- Gross receipts
- $96,455
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BERNARD MOSEBY | President | 1.5 | $0 |
| JANET MILLER-SCHMIDT | Board Member | 2 | $0 |
| CHRIS LUPPENS | Vice President | 1 | $0 |
| KAREN REISCH | Secretary | 1 | $0 |
| SAM HOPKINS | Treasurer | 1 | $0 |
| DANNY KILLEEN JR | President | 1 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JANET MILLER-SCHMIDT | BOARD MEMBER Institutional trustee | 2 | $0 |
| KAREN REISCH | BOARD MEMBER Institutional trustee | 1 | $0 |
| ROB DOOLITTLE | BOARD MEMBER Institutional trustee | 1 | $0 |
| DANNY KILLEEN JR | BOARD MEMBER Institutional trustee | 1 | $0 |
| BERNARD MOSEBY | President Officer | 1.5 | $0 |
| CHRIS LUPPENS | Vice President Officer | 1 | $0 |
| SAM HOPKINS | Treasurer Officer | 1 | $0 |
990-EZ for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BERNARD MOSEBY | President | 1.5 | $0 |
| JANET MILLER-SCHMIDT | BOARD MEMBER | 2 | $0 |
| CHRIS LUPPENS | Vice President | 1 | $0 |
| KAREN REISCH | BOARD OF DIRECT | 1 | $0 |
| SAM HOPKINS | Treasurer | 1 | $0 |
| ROB DOOLITTLE | BOARD OF DIRECT | 1 | $0 |
| DANNY KILLEEN JR | BOARD OF DIRECT | 1 | $0 |
990 for the year ended December 31, 2022: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JANET MILLER-SCHMIDT | BOARD MEMBER Institutional trustee | 2 | $0 |
| KAREN REISCH | BOARD MEMBER Institutional trustee | 1 | $0 |
| ROB DOOLITTLE | BOARD MEMBER Institutional trustee | 1 | $0 |
| DANNY KILLEEN JR | BOARD MEMBER Institutional trustee | 1 | $0 |
| BERNARD MOSEBY | President Officer | 1.5 | $0 |
| CHRIS LUPPENS | Vice President Officer | 1 | $0 |
| SAM HOPKINS | Treasurer Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 18 COLONEL WINK DR, GULFPORT, MS 39507-4203
- Signed the 990-EZ
- SAM HOPKINS, Treasurer
- Phone
- (228) 297-5850
- Return prepared by
- PACIERA GAUTREAU & PRIEST LLC CPAS
Mission
TO ENCOURAGE AND PROMOTE RACING OF SAILING YACHTS,FOSTER INTERNATIONAL SPORTS COMPETITION,EXPAND DEVELOPING EDUCATIONAL AND TRAINING PROGRAMS
Program accomplishments
- PROMOTED THE RACING OF SAILING YACHTS BY AMATEUR SAILORSExpenses $1,000 · grants $1,000
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-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 63-1091730
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1993
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N70Z)
- Assets (IRS master file)
- $365,227
- Income (IRS master file)
- $96,455
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | -$803,545 | $2,696 | $365,227 | IRS |
| 990 | December 2023 | $21,567 | $1,650 | $1,150,774 | IRS |
| 990-EZ | December 2023 | $21,567 | $1,650 | $250,774 | XML |
| 990 | December 2022 | $912,063 | $29,307 | $1,108,481 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | 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 63-1091730).
Questions about GULF YACHTING ASSOCIATION FOUNDATION INC
- What is the EIN of GULF YACHTING ASSOCIATION FOUNDATION INC?
- The employer identification number (EIN) of GULF YACHTING ASSOCIATION FOUNDATION INC is 63-1091730.
- Is GULF YACHTING ASSOCIATION FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
- Are donations to GULF YACHTING ASSOCIATION FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GULF YACHTING ASSOCIATION FOUNDATION 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 GULF YACHTING ASSOCIATION FOUNDATION 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 GULF YACHTING ASSOCIATION FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who are the officers and directors of GULF YACHTING ASSOCIATION FOUNDATION INC?
- The 990-EZ for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does GULF YACHTING ASSOCIATION FOUNDATION INC have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of -$803,545, expenses of $2,696 and total assets of $365,227 at year end.
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All nonprofits in GULFPORT · Mississippi · Recreation and sports