Nonprofit · EIN 83-2313185
CAPE FEAR YACHT CLUB FOR YOUTH SAILING INC
Tax-exempt · SOUTHPORT, NC 28461
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $45,917 | $54,116 | -$8,199 | $72,998 | $0 | $72,998 |
| December 31, 2024 | 990-PF | $30,806 | $15,219 | $15,587 | $42,171 | $0 | $81,308 |
| December 31, 2023 | 990-PF | $23,465 | $0 | $23,465 | $50,461 | $0 | $0 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $45,417
- Net gain from sales of assets
- $500
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
Balance sheet and other
- Total assets, start of year
- $81,308
- Total assets, end of year
- $72,998
- Total liabilities, end of year
- $0
- Net assets, end of year
- $72,998
- Fair market value of assets
- $72,998
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-PF for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| John Hall 3956 Baynard Ct, Southport, NC 28461 | Chairman | 4 | $0 |
| Andy Kowal 1413 Van Valkenburgh Ln, Alexandria, VA 22301 | Vice Chairman | 4 | $0 |
| Tim Simkins 7328 Seville Dr, Myrtle Beach, SC 29572 | Fleet Captain | 4 | $0 |
| Bob Holben 114 W Moore St, Southport, NC 28461 | Treasurer | 4 | $0 |
990-PF for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| John Bates 2701 West Yacht Drive, Oak Island, NC 28465 | Commodore | 4 | $0 |
| Stephen Kane 102 Park Avenue, Southport, NC 28461 | Vice Commodore | 4 | $0 |
| Don Feather 4163 2 Cambrige Cove Circle SE, Southport, NC 28461 | Rear Commodore | 4 | $0 |
| Jack Clegg 5002 Summerswell Lane, Southport, NC 28461 | Treasurer | 6 | $0 |
990-PF for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DEB ALT 6165 Cottage Creek Road, Southport, NC 28461 | Commodore | 4 | $0 |
| RICHARD PERFINI 1242 Opaca Dr SE, Bolivia, NC 28422 | Vice Commodore | 4 | $0 |
| JOHN BATES 2701 W Yacht Dr, Oak Island, NC 28465 | Rear Commodore | 4 | $0 |
| DONALD FEATHER 4163 2 Cambridge Cove Cir SE, Southport, NC 28461 | Fleet Captain | 4 | $0 |
| SUSAN FORSYTH 309 W Brown St, Southport, NC 28461 | Governor | 2 | $0 |
| BILL HAPPER 507 Clarendon Ave, Southport, NC 28461 | Governor | 2 | $0 |
| STEPHEN KANE 102 Park Ave, Southport, NC 28461 | Governor | 2 | $0 |
| SUSAN PAYNE 3461 Scupper Run SE, Southport, NC 28461 | Governor | 2 | $0 |
| ANN WADDLE 3100 March Grove Lane, Southport, NC 28461 | Governor | 2 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 10180, SOUTHPORT, NC 28461-0180
- Signed the 990-PF
- Bob Holben, Treasurer
- Phone
- (404) 784-7646
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 83-2313185
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2019
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Youth development (O50)
- Assets (IRS master file)
- $72,998
- Income (IRS master file)
- $45,917
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $45,917 | $54,116 | $72,998 | IRS |
| 990-PF | December 2024 | $30,806 | $15,219 | $42,171 | IRS |
| 990-PF | December 2023 | $23,465 | $0 | $50,461 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | 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 83-2313185).
Questions about CAPE FEAR YACHT CLUB FOR YOUTH SAILING INC
- What is the EIN of CAPE FEAR YACHT CLUB FOR YOUTH SAILING INC?
- The employer identification number (EIN) of CAPE FEAR YACHT CLUB FOR YOUTH SAILING INC is 83-2313185.
- Is CAPE FEAR YACHT CLUB FOR YOUTH SAILING INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to CAPE FEAR YACHT CLUB FOR YOUTH SAILING INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does CAPE FEAR YACHT CLUB FOR YOUTH SAILING INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of CAPE FEAR YACHT CLUB FOR YOUTH SAILING 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 CAPE FEAR YACHT CLUB FOR YOUTH SAILING INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of CAPE FEAR YACHT CLUB FOR YOUTH SAILING INC?
- The 990-PF for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does CAPE FEAR YACHT CLUB FOR YOUTH SAILING INC have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $45,917, expenses of $54,116 and total assets of $72,998 at year end.
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All nonprofits in SOUTHPORT · North Carolina · Youth development