Indian Neck Yacht Club Inc

EIN: 06-0883429 · Branford, CT · 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.

Cash basisNo audit disclosedPart XII · TY2025
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.

$411,992

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.

$327,358

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

$1,296,035

Net Assetsℹ️Form 990, Part X — Total assets minus total liabilities. When positive, assets exceed liabilities; when negative, liabilities exceed assets. Also called 'fund balance.'

$1,196,012

0 W-2 employees reported (Form W-3, most recent filing — contractors and volunteers excluded) · TY2025 · 990

Total compensation, benefits & payroll taxes (Part IX)

TY2025

$0

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

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

$4,681

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 $4,681.

Legal$4,091
Accounting$590

Functional Expense Allocation (Part IX)

TY2025

$327,358total functional expenses

98.1%

Program services

$321,146

1.9%

Management & general

$6,212

0.0%

Fundraising

$0

Source: Form 990, Part IX, line 25. Shows how this organization allocated total expenses across program services, management and general, and fundraising for this filing year.

Historical Trends

Revenue vs. Expenses

Net Revenue / Operating Margin

Net Assets

Revenue Trend

Tax YearPeriodFormRevenueExpensesNet RevenueNet Assets
TY20202020–2021990N/AN/AN/A
TY20202020–2021990$210,404$212,781-$2,377$796,594
TY20212020–2021990N/AN/AN/A
TY20212020–2021990$296,189$289,419$6,770$924,105
TY20222022+990N/AN/AN/A
TY20222022+990$237,600$307,135-$69,535$818,545
TY20232022+990N/AN/AN/A
TY20232022+990$349,599$262,678$86,921$989,009
TY20242022+990N/AN/AN/A
TY20242022+990$385,228$261,590$123,638$1,067,377
TY20252022+990$411,992$327,358$84,634$1,196,012

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
11aHall Donations$4,423
11bMiscellaneous$36,751
11c75th Anniv Gala$14,218
12Total revenue$411,992
1bMembership dues$47,607
1hTotal contributions and grants$47,607
2aClub Bar$73,804
2bEntertainment$51,283
2cMoorings$91,629
2dBoat Storage$44,079
2eYear Book Ad Sales$2,285
2fTotal program service revenue$263,480
3Investment income$5,810

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)

TY2025
LineDescriptionBOYEOY
16Total assets$1,199,388$1,296,035
26Total liabilities$132,011$100,023
33Total net assets or fund balances$1,067,377$1,196,012

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): 34

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
Brian MurrayRecording Secretary2Volunteer
Joseph BishopFinancial Secretary2Volunteer
Anthony VitaleTreasurer10Volunteer
Dylan RedmanRear Commodore2Volunteer
Matthew E AndersonVice Commodore2Volunteer
James MurrayCommodore5Volunteer
Steve AndersonEntertainment Chairman1Volunteer
Gary W SteginaBy-Law Chairman1Volunteer
Paul CanzanellaHouse Chairman2Volunteer
Paul KickosickiBar Chairman3Volunteer
Patricia BerlepschRegatta Chairman1Volunteer
Carl BerlepschLong Range Chairman1Volunteer
Tony DLlietoMembership Chairman2Volunteer

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.

Maintain waterfront facilities for docking, mooring, and winter storage of members boats

Expenses: $135,141

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

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

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

13

Independent Members

0

Total Employees

0

Total Volunteers

90

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.

Members or stockholder classes and rights Part VI line 6

All members have voting rights.

Member election for additional members Part VI line 7a

All members may vote to elect members of the Board of Governors and flag officers

Form 990 governing body review Part VI line 11

Flag officers review Form 990 prior to submission.

Governing documents etc available to public Part VI line 19

Documents are made avilable to the public upon request.

List of other expenses Part IX line 24e

Porta-Potties $ 1,228 Miscellaneous 1,985 Paper Products 3,241 Refuse Pickup 3,227 Repair & Replace 11,790 Dock Repair 65,430 Mooring Thimbles 4,110 Club Improvement 1,350 Landscaping 528 Supplies 663

Mission

We provide a venue for social interaction among member yachtsmen and their families and docks, moorings and storage for members boats.

As stated in the organization's 990 filing.

IRS Source Filings

TY2025 (990)TY2024 (990)TY2024 (990)TY2023 (990)TY2023 (990)TY2022 (990)TY2022 (990)TY2021 (990)TY2021 (990)TY2020 (990)TY2020 (990)

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 (9 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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