EIN: 05-0254070 · NEWPORT, RI · Data spans: TY2020–TY2025
Most recent filing: Tax Year 2025.
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.
$1,499,092
$1,296,446
$2,659,684
$2,456,842
40 W-2 employees reported (Form W-3, most recent filing — contractors and volunteers excluded) · TY2025 · 990
Total compensation, benefits & payroll taxes (Part IX)
TY2025$624,331
Full cost to employ everyone — wages + employer benefits + payroll taxes. Not officer pay alone.
~$16,000 per employee ⓘ — average across 40W-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)
TY2025$28,710
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 $653,041.
Functional Expense Allocation (Part IX)
TY2025$1,296,446total functional expenses
Part IX functional expense detail (program / management / fundraising allocation) was not reported in this filing. This is common for organizations whose filing form does not require the breakout, including many 501(c)(7) recreational clubs.
Historical Trends
Revenue vs. Expenses
Net Revenue / Operating Margin
Net Assets
Revenue Trend
| Tax Year | Period | Form | Revenue | Expenses | Net Revenue | Net Assets |
|---|---|---|---|---|---|---|
| TY2020 | 2020–2021 | 990 | N/A | N/A | — | N/A |
| TY2020 | 2020–2021 | 990 | $1,067,790 | $1,061,398 | $6,392 | $1,570,428 |
| TY2021 | 2020–2021 | 990 | N/A | N/A | — | N/A |
| TY2021 | 2020–2021 | 990 | $1,330,018 | $1,107,291 | $222,727 | $1,796,408 |
| TY2022 | 2022+ | 990 | N/A | N/A | — | N/A |
| TY2022 | 2022+ | 990 | $1,275,092 | $1,202,055 | $73,037 | $1,762,677 |
| TY2023 | 2022+ | 990 | N/A | N/A | — | N/A |
| TY2023 | 2022+ | 990 | $1,484,448 | $1,246,366 | $238,082 | $2,027,412 |
| TY2024 | 2022+ | 990 | N/A | N/A | — | N/A |
| TY2024 | 2022+ | 990 | $1,522,754 | $1,331,650 | $191,104 | $2,238,083 |
| TY2025 | 2022+ | 990 | $1,499,092 | $1,296,446 | $202,646 | $2,456,842 |
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.
| Line | Description | Amount |
|---|---|---|
| 12 | Total revenue | $1,499,092 |
| 1f | All other contributions, gifts, grants | $10,016 |
| 1h | Total contributions and grants | $10,016 |
| 2a | MEMBERSHIP DUES & INITIATION FEES | $683,741 |
| 2b | FLOAT & DOCK | $669,253 |
| 2c | JUNIOR ACTIVITIES | $62,883 |
| 2d | FROSTBITE COMMITTEE ACTIVITIES | $8,472 |
| 2e | REGATTA & FLEET ACTIVITIES | $12,001 |
| 2f | Total program service revenue | $1,480,464 |
| 3 | Investment income | $42,559 |
Most revenue is reported in a single category this year. That can be normal for some org types; see the source filing for detail.
Endowment (Schedule D, Part V)
$134,359
Ending endowment balance as of TY2025
Ending balance — 5-year trend
TY2021
$148,397
TY2022
$110,417
TY2023
$123,274
TY2024
$134,359
TY2025
$134,359
TY2025 rollforward
Source:Form 990, Schedule D, Part V. Endowment funds reflect the organization's long-term investment reserves.
Balance Sheet (Part X)
TY2025| Line | Description | BOY | EOY |
|---|---|---|---|
| 16 | Total assets | $2,424,647 | $2,659,684 |
| 26 | Total liabilities | $186,564 | $202,842 |
| 33 | Total net assets or fund balances | $2,238,083 | $2,456,842 |
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): 85
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.
| Name | Title | Hours/Week | Status |
|---|---|---|---|
| MORGAN EVERSON | TREASURER | 5 | Volunteer |
| JIM HOUSTON | SECRETARY | 1 | Volunteer |
| LEW ABRAMSON | REAR COMMODORE | 5 | Volunteer |
| KYLE LEPLEY | VICE COMMODORE | 5 | Volunteer |
| FJ RITT | COMMODORE | 5 | Volunteer |
| TOM ROBINSON | MEMBER AT LARGE | 2 | Volunteer |
| PETER JENCKS | MEMBER AT LARGE | 2 | Volunteer |
| STEVE DAMAS | MEMBER AT LARGE | 2 | Volunteer |
| LAURA DARGAN | MEMBER AT LARGE | 2 | Volunteer |
| KURT SCHLICHTING | HOUSE COMMITTEE CHAIR | 2 | Volunteer |
| KELSY PATNAUDE | YOUNG ADULTS CHAIR thru Oct. | 1 | Volunteer |
| BEA GRIMMITT | FROSTBITE COMMITTEE CHAIR | 5 | Volunteer |
| ROY GUAY | OFFSHORE COMMITTEE CHAIR | 5 | Volunteer |
| AL SGAMBATO | JR. ACTIVITIES CHAIR | 5 | Volunteer |
| JANET BOTTLIGEIRI | FINANCE COMM. CHAIR | 5 | Volunteer |
| SARA MARIANI | COMMUNICATIONS CHAIR start Oct. | 2 | Volunteer |
| MARK MAROSITS | COMMUNICATIONS CHAIR thru Oct. | 2 | Volunteer |
| NANCY HARLEY | ENTERTAINMENT CHAIR start Oct. | 2 | Volunteer |
| LAURA DARGAN | ENTERTAINMENT CHAIR thru Oct. | 2 | Volunteer |
| STEVE PARKS | FLOAT & DOCK CHAIR | 10 | Volunteer |
| SCOTT WALKER | MEMBERSHIP CHAIR | 5 | Volunteer |
| STEVE WHITE | REGATTA CHAIR start Oct. | 5 | Volunteer |
| ALAN RENFREW | REGATTA CHAIR thru Oct. | 5 | Volunteer |
Programs (Part III — most recent year)
Form 990, Part III — Statement of Program Service Accomplishments. These are the activities that directly further the organization's exempt purpose. Expenses, grants, and revenue are as reported in the organization's own sworn filing.
HOUSE COMMITTEE: MAINTENANCE & UPKEEP OF CLUBHOUSE FACILITIES FOR USE BY MEMBERS AND VISITING YACHTSMEN.
JUNIOR ACTIVITIES: SAIL TRAINING AND ACTIVITIES FOR YOUTH.
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
No conflict of interest policy reported. This question is part of Form 990’s Part VI governance disclosures. A written policy documents how the organization identifies and manages situations where a board member, officer, or key employee has a financial interest in a decision — and how those individuals step back from related votes. The IRS does not legally require this policy. Many volunteer-run clubs manage these situations through informal norms rather than written procedure; formal documentation becomes more common as organizations grow in size and operating complexity.
Whistleblower Protection Policy
Form 990, Part VI — Line 13
No whistleblower protection policy reported. Without a documented process, a staff member or volunteer who notices irregular transactions has no protected channel to report it — and no written assurance they won’t face consequences for raising the issue. The IRS added this question in 2008 following Sarbanes-Oxley. Absence does not imply wrongdoing; many small clubs haven’t formalized this in writing even when informal norms are healthy.
Officer & Key Employee Compensation (Part VII)
Form 990, Part VII — Named individuals with reportable compensation
No individual compensation reported for this organization in the most recent filing.
This is the norm for volunteer-run sailing clubs. Part VII still exists in the filing — it simply shows $0 compensation for all listed officers and directors, meaning this club is led entirely by unpaid volunteers. When you see compensation appear here in other organizations, it marks a meaningful transition: the club has grown to the point where professional management was hired. The largest clubs in this corpus — those above $3M in revenue — are the most likely to have paid executive staff.
Independent Compensation Consultant
Schedule J, Part I — Organizations filing when comp exceeds $150K
Schedule J not required for this organization.
Schedule J is only filed when at least one individual in Part VII received more than $150,000 in total compensation. This organization doesn’t meet that threshold, so this schedule is not required. Among the 35.7% of organizations in this corpus that do file Schedule J, 35.7% used an independent compensation consultant. When Schedule J IS required, this question asks whether the board hired an outside firm — unconnected to the organization — to benchmark executive pay against market rates. It reduces the risk that a board approves whatever the ED requests rather than what comparable organizations actually pay.
Equity-Based Compensation
Schedule J, Part II — Per-person compensation detail
Schedule J not required for this organization.
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.
No related-party transactions found in our data for this organization. Schedule L is only required when transactions occur — absence means none were reported, not necessarily that none occurred.
Voting Board Members
19
Independent Members
19
Total Employees
40
Total Volunteers
100
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.
Pt VI, Line 6
THERE ARE THREE CLASSES OF MEMBERSHIP - VOTING, SPOUSAL AND JUNIOR MEMBERSHIPS.
Pt VI, Line 7a
VOTING MEMBERS ELECT A NOMINATING COMMITTEE CONSISTING OF FIVE VOTING MEMBERS. THIS COMMITTEE PUTS FORTH A SLATE OF OFFICERS AND THREE MEMBERS FOR THE STANDING COMMITTEES. AT THE OCTOBER MEETING, ALL UNCONTESTED MEMBERS ON THE SLATE BECOME OFFICERS OR COMMITTEE MEMBERS. ADDITIONALLY, FOUR MEMBERS AT LARGE ARE DIRECTLY ELECTED BY THE VOTING MEMBERS ATTENDING THE OCTOBER MEETING. THE BOARD OF DIRECTORS IS COMPRISED OF THE OFFICERS, THE MEMBERS AT LARGE, AND ONE MEMBER OF EACH STANDING COMMITTEE, W…
Pt VI, Line 7b
ALL DECISIONS RELATING TO THE MANAGEMENT OF THE CLUB ARE MADE BY THE BOARD OF DIRECTORS, WITH THE EXCEPTION OF THE ANNUAL BUDGET WHICH IS PREPARED BY THE BOARD AND PRESENTED FOR APPROVAL, OR MODIFICATION, TO THE VOTING MEMBERS AT THE DECEMBER MEETING, EXCEPT AS MAY BE GOVERNED BY ROBERTS RULES.
Pt VI, Line 8b
THERE IS CURRENTLY NO REQUIREMENT OF COMMITTEE MEETINGS; HOWEVER, ALL COMMITTEE DECISIONS ARE BROUGHT TO THE BOARD FOR BOARD APPROVAL.
Pt VI, Line 11b
THE TREASURER REVIEWS A DRAFT OF THE FORM 990 AND FORM 990-T FOR APPROVAL AND/OR MODIFICATION BEFORE COMPLETION AND FILING.
Mission
NEWPORT YACHT CLUB IS A MEMBER ORGANIZATION THAT PROVIDES ITS MEMBERS VARIOUS SERVICES RELATED TO YACHTING ACTIVITIES WITH THE OBJECTIVE OF ENCOURAGING YACHTING IN AND AROUND NEWPORT.
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.
Similar Organizations
Finding peer organizations…
See an error?
If you spot a data discrepancy, misattribution, or filing mismatch — let us know.
Send us a signal →