DUXBURY YACHT CLUB

EIN: 04-1266650 · DUXBURY, MA · Data spans: TY2020–TY2024

Most recent filing: Tax Year 2024.

A more recent filing may not yet be published.

Sailing's public record, made legible. All numbers come directly from this organization's own sworn 990 filing. Patterns are computed from years of filings — not assessments or judgments.

Read trends in context: compare like with like, note the filing year, and treat major disruptions (like 2020–2021) as discontinuities rather than a continuous baseline.

Missing or N/A does not always mean absent. It can mean the item was not disclosed on that form, not collected on that filing type, or not available for that year.

Accrual basisAuditedAudit committeePart XII · TY2024
Total Revenueℹ️Form 990, Part VIII — Statement of Revenue. Includes contributions, grants, member dues, program service revenue, and investment income. Does NOT include borrowed funds or asset sales proceeds.

$5,863,386

Total Expensesℹ️Form 990, Part IX (full 990) or Part I Line 17 (990-EZ) — Total functional expenses. Includes program service expenses, management and general, and fundraising. The gap between revenue and expenses is the operating surplus or deficit for the year.

$5,418,843

Total Assetsℹ️Form 990, Part X — Balance Sheet, end of year. Includes cash, receivables, investments, land, buildings, and equipment.

$13,495,975

Net Assetsℹ️Form 990, Part X — Total assets minus total liabilities. Positive = financially solvent. Negative = liabilities exceed assets. Also called 'fund balance.'

$10,533,289

137 W-2 employees reported (Form W-3, most recent filing — contractors and volunteers excluded) · TY2024 · 990

Total compensation, benefits & payroll taxes (Part IX)

TY2024

$2,283,591

Full cost to employ everyone — wages + employer benefits + payroll taxes. Not officer pay alone.

~$17,000 per employee average across 137 W-2 employees; includes benefits & payroll taxes; part-time and seasonal staff counted at full weight.

Named officers/key employees (Part VII‑A) show reportable compensation only and are already included in the Part IX total above. They are not additive.

Professional & consulting fees (Part IX, line 11)

TY2024

$27,290

Payments to outside firms and independent contractors — not included in the Part IX labor total above. Combined with the labor total, full people cost is $2,310,881.

Legal$552
Accounting$26,738

Functional Expense Allocation (Part IX)

TY2024

$5,418,843total functional expenses

0.0%

Program services

$0

0.0%

Management & general

$0

0.0%

Fundraising

$0

Source: Form 990, Part IX, line 25. A higher program-service percentage generally indicates more mission-directed spending.

Historical Trends

Revenue vs. Expenses

Net Revenue / Operating Margin

Net Assets

Revenue Trend

Tax YearPeriodFormRevenueExpensesNet RevenueNet Assets
TY20202020–2021990$4,395,955$3,849,748$546,207$8,605,762
TY20212020–2021990$4,927,504$4,173,563$753,941$9,357,903
TY20222022+990$5,375,913$5,086,446$289,467$9,646,570
TY20232022+990$5,516,260$5,078,484$437,776$10,089,146
TY20242022+990$5,863,386$5,418,843$444,543$10,533,289

Revenue trend is a filing-history view. It helps you compare operating periods, not infer the club's live condition today.

Revenue Breakdown (Part VIII — most recent year)

Form 990, Part VIII — Statement of Revenue. Includes, but is not limited to: Line 1 = contributions and grants (including member dues reported as contributions). Lines 2a–2f = program service revenue (activities that directly further the organization's exempt purpose). Line 3 = investment income. The specific mix varies by organization type. Source: the organization's own sworn filing.

LineDescriptionAmount
12Total revenue$5,863,386
2aMEMBERSHIP DUES & ASSE$4,890,941
2bGOLF FEES$441,233
2cTOURNAMENT & EVENTS$338,834
2dWATERFRONT$41,635
2eRACQUET SPORTS$36,068
2fTotal program service revenue$5,915,400
3Investment income$78,547
6cNet rental income or (loss)-$47,277

Most revenue is reported in a single category this year. That can be normal for some org types; see the source filing for detail.

Balance Sheet (Part X)

TY2024
LineDescriptionBOYEOY
16Total assets$13,564,483$13,495,975
26Total liabilities$3,475,337$2,962,686
33Total net assets or fund balances$10,089,146$10,533,289

Source: Form 990, Part X, Balance Sheet.

Officers & Key Staff (Part VII)

How to read this section

This is not a full staff directory. It is the subset of people the organization had to disclose in Form 990, Part VII (the officer, director, trustee, key employee, and highest-compensated employee section of the filing). Why this matters: a missing name does not mean a person was not employed or involved.

Total Volunteer Board Hours/Week (Selected Year): 46

Hours per week are self-reported by each officer on Form 990, Part VII. They are not verified.

Officers and directors as reported on Form 990, Part VII. These are typically unpaid, elected positions. If an officer receives compensation, it will appear in the Paid Staff tab.

Operationally, this section is most useful for understanding disclosed leadership structure, compensation visibility, and board labor — not for reconstructing the full staffing model of a club.

NameTitleHours/WeekStatus
SAMUEL DAVENPORTDIRECTOR EFFECTIVE 9/241Volunteer
FRANK HOLDEN MDDIRECTOR1Volunteer
JON LEMIEUXDIRECTOR EFFECTIVE 9/241Volunteer
JONATHAN MCGRATHDIRECTOR1Volunteer
AMY O'CONNORDIRECTOR1Volunteer
LINDA QUINLANDIRECTOR1Volunteer
CATHERINE ROGERSONDIRECTOR EFFECTIVE 9/241Volunteer
JENNIFER ROVEGNODIRECTOR1Volunteer
CHARLES WEILBRENNERDIRECTOR UNTIL 9/241Volunteer
BRADFORD WHITEDIRECTOR1Volunteer
DONNA WOODDIRECTOR UNTIL 9/241Volunteer
COLIN O'KEEFFEDIRECTOR UNTIL 9/241Volunteer
MARK KEATINGTREASURER EFFECTIVE 9/244Volunteer
KURT D FRANKECOMMODORE4Volunteer
FRANK P TENGLIACOMMODORE UNTIL 9/244Volunteer
MORGAN C MOHRMANTREASURER UNTIL 9/244Volunteer
ERIC CRESSMANDIRECTOR1Volunteer
BLAKE DOYLESECRETARY4Volunteer
CONSTANCE ENNISACTIVITIES CHAIR4Volunteer
JESSICA WILLIAMSVICE COMMODORE4Volunteer
MICHAEL J GILLREAR COMMODORE EFFECTIVE 9/244Volunteer
CHRISTOPHER ALLENDIRECTOR1Volunteer

Governance & Transparency Signals

The IRS Form 990 is a sworn disclosure document — not just a tax return. Beyond financials, it captures governance policies, compensation practices, and relationships between insiders and the organization. Every category below comes directly from that filing. When a field is blank, it is often because this form type doesn’t require it, or the org doesn’t meet the threshold that triggers disclosure. That context is itself worth knowing.

Conflict of Interest Policy

Form 990, Part VI — Line 12a

Governance data not available for this organization’s most recent filing year. This can occur for newly filed returns not yet in the corpus, or for organizations whose XML filing did not include Part VI.

Whistleblower Protection Policy

Form 990, Part VI — Line 13

Governance data not available for this organization’s most recent filing year.

Officer & Key Employee Compensation (Part VII)

Form 990, Part VII — Named individuals with reportable compensation

Part VII requires individual disclosure of all officers, directors, trustees, key employees, and the five highest-compensated employees earning above the reporting threshold. The individuals listed here are from the most recent available filing.

NameTitleComp from Org
RANDALL GRILLSHEAD GOLF PROFESSIONAL$301,098
RANDALL GRILLSHEAD GOLF PROFESSIONAL$280,542
RANDALL GRILLSHEAD GOLF PROFESSIONAL$262,124
RANDALL GRILLSHEAD GOLF PROFESSIONAL$224,340
RANDALL GRILLSHEAD GOLF PROFESSIONAL$212,143
BRIAN BUITENHUYSDIRECTOR OF RACQUETS$196,613
BRIAN BUITENHUYSDIRECTOR OF RACQUETS$177,836
SPENCER WITHINGTONDIRECTOR OF RACQUETS$173,811

Compensation shown is reportable compensation from this organization only, as disclosed in Part VII. The $150,000 threshold is significant context: most volunteer-run sailing clubs report $0 for all officers. When professional staff — a General Manager, Executive Director, or Harbor Master — earns above that level, it signals an org operating more like a business than a volunteer collective. That’s not inherently good or bad: a $12M club with 45 full-time employees may well need a $200K GM. But a $400K club paying its Commodore $180K warrants scrutiny.

Independent Compensation Consultant

Schedule J, Part I — Organizations filing when comp exceeds $150K

No independent compensation consultant reported for the most recent year with Schedule J data (2024). Executive pay was set through internal board processes — a compensation committee, comparison to prior years, or board vote — without outside benchmarking. This is common and not inherently concerning for organizations paying market-rate salaries. It becomes more notable as compensation levels rise and the board’s judgment becomes harder to validate externally.

Equity-Based Compensation

Schedule J, Part II — Per-person compensation detail

None reported

No equity-based compensation reported — expected for a nonprofit. Nonprofits cannot issue ownership stakes because they have no shareholders. In the for-profit world, equity aligns executive incentives with long-term value creation; the nonprofit analog takes different forms (retention bonuses, deferred comp) but not equity. Zero percent of organizations in the sailing and yacht club corpus report this. If any did, it would immediately raise questions about whether the arrangement is consistent with tax-exempt status.

Related-Party Transactions (Schedule L)

Schedule L — Transactions with Interested Persons (officers, directors, their families, controlled entities)

Schedule L requires disclosure of loans, grants, and business transactions between the organization and its own insiders — board members, officers, key employees, and their family members or entities they control. Nonprofits are not prohibited from transacting with insiders, but they must disclose it, follow fair-market-value standards, and document that the transaction benefited the organization, not just the insider. These disclosures exist because self-dealing is the most direct way nonprofit assets can flow to those in control.

51 transactions found across all available filing years. Sorted largest to most recent.

Person / EntityRelationshipTypeAmountYear
ROBERT C HEWITTFORMER DIRECTORloan$157,8822024
KENNETH ZIMMERFORMER DIRECTORloan$82,4192024
KLAUS JENSENFORMER DIRECTORloan$68,5042024
CHARLES C HEWITT IIIFORMER OFFICER/DIRECTORloan$55,1252024
MICHAEL GILLCURRENT DIRECTORloan$51,3782024
JULIA TRUELOVE IRAFORMER OFFICER/DIRECTORloan$23,9772024
BARBARA PALFREYSPOUSE OF FORMER DIRECTORloan$20,8732024
JOHN M TRUELOVE IRAFORMER OFFICER/DIRECTORloan$19,4822024
SIDNEY MCCLURE ROSESPOUSE OF FORMER DIRECTOR AND FORMER OFFICERloan$13,9162024
JOHN CARNUCCIOFORMER DIRECTORloan$6,9582024
FRANK M HOLDENCURRENT DIRECTORloan$5,5662024
ROBERT C HEWITTFORMER DIRECTORloan$184,3462023

Showing 12 of 51 total transactions.

📋 Context note. Where available, transactional context may be supplemented by audited financial statements or other independent disclosures that are not derived from 990 XML data alone. When an independent audit confirms the terms, repayment schedule, and arm's-length pricing of a related-party loan, the transaction carries a materially different risk profile than the 990 alone would suggest.

Member capital loans are the most common Schedule L pattern in the sailing corpus. When a club needs dock repairs, marina upgrades, or clubhouse renovations, it sometimes turns to its own members as lenders rather than commercial banks — effectively, members financing their own infrastructure. These can be legitimate and transparent. What to look for: Are the loans repaid? Are interest rates reasonable? Are new loans replacing old ones, or is the balance growing?

Schedule O — Supplemental Information (most recent year)

Organizations use Schedule O to provide additional explanation for answers given on the main 990 form. These are direct excerpts from the filed document.

FORM 990, PART VI, SECTION C, LINE 19

THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE NOT PUBLIC INFORMATION. THE CLUB'S ARTICLES OF INCORPORATION ARE AVAILABLE IN THE ACCOUNTING OFFICE UPON REQUEST.

FORM 990, PART XI, LINE 9:

REDEMPTION OF INDEBTEDNESS CERTIFICATES -400.

FORM 990, PART XII, LINE 2C

NO CHANGE FROM PRIOR YEAR.

FORM 990, PART VI, SECTION B, LINE 11B

A FULL COPY OF THE 990 IS MADE AVAILABLE TO THE BOARD PRIOR TO ITS FILING. THE BOARD IS GIVEN A SET NUMBER OF DAYS TO REVIEW AND RETURN ANY COMMENTS. THE BOARD HAS DELEGATED THE RESPONSIBILITY FOR THE DETAILED REVIEW OF THE CLUB'S TAX RETURNS (PRIOR TO FILING) TO THE FINANCE AND EXECUTIVE COMMITTEES.

FORM 990, PART VI, SECTION A, LINE 7A

THE FOLLOWING CLASSES OF MEMBERS HAVE THE RIGHT TO ELECT THE MEMBERS OF THE GOVERNING BODY: CERTIFICATE, ACTIVE, INTERMEDIATE, JUNIOR, SENIOR, AND SUMMER.

Mission

THE DUXBURY YACHT CLUB IS A FAMILY-ORIENTED, COMMITTEE-BASED, ACTIVITY-FOCUSED CLUB MAINTAINED PRINCIPALLY THROUGH THE VOLUNTEER EFFORTS OF ITS MEMBERS. AS A PRIVATE CLUB, WE ARE ORGANIZED AND OPERATED FOR THE ATHLETIC, RECREATIONAL AND SOCIAL USE OF OUR MEMBERS. WE ARE ONE CLUB WITH ONE MEMBERSHIP; ALL MEMBERS HAVE ACCESS TO ALL FACILITIES. THE CLUB IS COMMITTED TO WELL-MAINTAINED FACILITIES, TO OPERATING WITHIN A BALANCED BUDGET, AND TO REMAINING AFFORDABLE.

As stated in the organization's 990 filing.

IRS Source Filings

Source filings are IRS e-file records in XML (Extensible Markup Language) format — a structured data standard used by the IRS for electronic filing. If you open one of these links, it will look like code. That's not an error — that's what XML looks like. Harbor Commons processes this raw XML and presents the structured, readable view you see above.

Why this matters: the XML is the receipt. Harbor Commons is the reading layer on top of that receipt. If you ever need to verify a number, wording choice, or disclosure, the source filing is where to check.

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📡 Filing Signals (1 total)

Trends and shifts computed from this organization's own public filings across all available years. Signals highlight where numbers changed — not whether those changes are good or bad. Only people with inside knowledge of this organization can interpret what these signals mean.

Signals describe filing history, not the club's live operating state. The newest filing may still lag current reality by many months.

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