Nonprofit · EIN 93-0257930
PORTLAND YACHT CLUB
Tax-exempt · PORTLAND, OR 97211
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,601,312 | $2,695,320 | -$94,008 | $10,151,680 | $4,327,415 | $5,824,265 |
| December 31, 2023 | 990 | $2,701,449 | $2,692,974 | $8,475 | $10,152,186 | $4,233,913 | $5,918,273 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $877,022
- Membership dues
- $868,079
- Program service revenue
- $1,733,424
- Investment income
- $122
- Net rental income
- -$9,256
- Other revenue
- -$9,256
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $1,144,197
- Salaries, compensation and benefits (total)
- $1,144,197
- Professional fundraising fees
- $0
- Depreciation
- $243,982
Balance sheet and other
- Total assets, start of year
- $10,152,186
- Total assets, end of year
- $10,151,680
- Total liabilities, end of year
- $4,327,415
- Net assets, end of year
- $5,824,265
- Land, buildings and equipment
- $9,649,353
- Net assets without donor restrictions
- $5,824,265
- Gross unrelated business income
- -$9,256
- Gross receipts
- $2,712,011
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1908
- State of legal domicile
- OR
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 |
|---|---|---|---|
| GLENN MORAGNE | COMMODORE Trustee or director, Officer | 10 | $0 |
| MIKE BRADFORD | VICE COMMODORE Trustee or director, Officer | 10 | $0 |
| MIKE HORSFALL | SECRETARY/TREASURER Trustee or director, Officer | 10 | $0 |
| RON HODGSON | REAR COMMODORE Trustee or director, Officer | 10 | $0 |
| CHRISTINA CHAMBERLAIN | TRUSTEE Trustee or director | 2 | $0 |
| RANDY DUNCAN | TRUSTEE Trustee or director | 2 | $0 |
| LIZ FISCHER | TRUSTEE Trustee or director | 2 | $0 |
| DAN TEDROW | TRUSTEE Trustee or director | 2 | $0 |
| MICK WILSON | TRUSTEE Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TIM CARMAN | COMMODORE Trustee or director, Officer | 10 | $0 |
| RON HODGSON | VICE COMMODORE Trustee or director, Officer | 10 | $0 |
| GLENN MORAGNE | SECRETARY/TREASURER Trustee or director, Officer | 10 | $0 |
| DAVID GUNSUL | REAR COMMODORE Trustee or director, Officer | 10 | $0 |
| RANDY DUNCAN | TRUSTEE Trustee or director | 2 | $0 |
| LIZ FISCHER | TRUSTEE Trustee or director | 2 | $0 |
| GARY KUNZ | TRUSTEE Trustee or director | 2 | $0 |
| CHRISTINE QUIGLEY | TRUSTEE Trustee or director | 2 | $0 |
| KEN TENNEFOSS | TRUSTEE Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 1241 NE MARINE DR, PORTLAND, OR 97211-1109
- Principal officer (990 for 2024)
- RON HODGSON
- Signed the 990
- RON HODGSON, COMMODORE
- Phone
- (503) 285-1922
- Website
- WWW.PORTLANDYC.COM/
- Return prepared by
- CARNEGIE ACCOUNTING LLP
Mission
THE PORTLAND YACHT CLUB WAS FOUNDED IN 1908 FOR THE PURPOSE OF PROMOTING GENERAL INTEREST IN THE SPORT OF YACHTING; TO PROVIDE A CLUBHOUSE, MOORAGE AND FACILITIES FOR THE USE OF ITS MEMBERS AND TO AFFORD A MEANS OF GOOD FELLOWSHIP AMOUNG THE DEVOTEES OF YACHTING.
Program accomplishments
- THE PORTLAND YACHT CLUB WAS FOUNDED IN 1908 FOR THE PURPOSE OF PROMOTING GENERAL INTEREST IN THE SPORT OF YACHTING; TO PROVIDE A CLUBHOUSE, MOORAGE AND FACILITIES FOR THE USE OF ITS MEMBERS AND TO AFFORD A MEANS OF GOOD FELLOWSHIP AMOUNG THE DEVOTEES OF YACHTING.
- THE CLUB CONTINUES TO MEET IT'S STATED EXEMPT FUNCTION.
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
- 93-0257930
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1946
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $10,151,680
- Income (IRS master file)
- $2,712,011
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,601,312 | $2,695,320 | $10,151,680 | XML |
| 990 | December 2023 | $2,701,449 | $2,692,974 | $10,152,186 | XML |
| 990 | December 2022 | $3,038,375 | $2,537,807 | $10,390,560 | 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 93-0257930).
Questions about PORTLAND YACHT CLUB
- What is the EIN of PORTLAND YACHT CLUB?
- The employer identification number (EIN) of PORTLAND YACHT CLUB is 93-0257930.
- Is PORTLAND YACHT CLUB tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1946.
- Are donations to PORTLAND YACHT CLUB tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does PORTLAND YACHT CLUB 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 PORTLAND YACHT CLUB 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 PORTLAND YACHT CLUB 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 PORTLAND YACHT CLUB?
- The 990 for the year ended December 31, 2024 names RON HODGSON.
- Who are the officers and directors of PORTLAND YACHT CLUB?
- The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
- How much revenue does PORTLAND YACHT CLUB have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,601,312, expenses of $2,695,320 and total assets of $10,151,680 at year end.
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