EIN: 13-2693380 · LARCHMONT, NY · Data spans: TY2024–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.
$407,765
$428,387
$486,312
$334,155
1 W-2 employees reported (Form W-3, most recent filing — contractors and volunteers excluded) · TY2024 · 990
Total compensation, benefits & payroll taxes (Part IX)
TY2024$138,746
Full cost to employ everyone — wages + employer benefits + payroll taxes. Not officer pay alone.
~$139,000 per employee ⓘ — average across 1W-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.
Named staff org comp sums to $111,133. The remaining $27,613is unlisted staff labor cost — includes benefits & payroll taxes for all employees, not any one person's salary.
Professional & consulting fees (Part IX, line 11)
TY2024$45,596
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 $184,342.
Functional Expense Allocation (Part IX)
TY2024$428,387total 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.
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 |
|---|---|---|
| 11a | MANAGEMENT SERVICES | $84,118 |
| 12 | Total revenue | $407,765 |
| 2a | BLOCK ISLAND RACE WEEK | $176 |
| 2b | BLOCK ISLAND RACE | $33,549 |
| 2c | MEMBERSHIP DUES | $232,569 |
| 2d | INITIATION FEES | $18,500 |
| 2e | ANNUAL MEETING | $7,470 |
| 2f | Total program service revenue | $304,129 |
| 3 | Investment income | $18,183 |
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| Line | Description | BOY | EOY |
|---|---|---|---|
| 16 | Total assets | $363,074 | $486,312 |
| 26 | Total liabilities | $8,297 | $152,157 |
| 33 | Total net assets or fund balances | $354,777 | $334,155 |
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): 106
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 |
|---|---|---|---|
| EDWARD CESARE | PAST COMMODORE | 2 | Volunteer |
| ANDRE PRUETT | TREASURER | 2 | Volunteer |
| RICK ROYCE | FLEET CAPTAIN | 5 | Volunteer |
| FREDERICK HEERDE | TREASURER | 10 | Volunteer |
| JOHN D D BROWNING | SECRETARY | 5 | Volunteer |
| JAMES T L ANDERSON | REAR COMMODORE | 7 | Volunteer |
| ANDREW WEISS | VICE COMMODORE | 7 | Volunteer |
| RAYMOND L REDNISS | COMMODORE | 10 | Volunteer |
| RICHARD DU MOULIN | CHMN ST TRY FDN | 40 | Volunteer |
| CHRISTOPHER LEWIS | GOVERNOR | 2 | Volunteer |
| DAVID SHAEFFER | GOVERNOR | 2 | Volunteer |
| SHEILA MCCURDY | GOVERNOR | 2 | Volunteer |
| MATTHEW GALLAGLHER | GOVERNOR | 2 | Volunteer |
| JOHN EDGECOMB | GOVERNOR | 2 | Volunteer |
| CLARKE SMITH | GOVERNOR | 2 | Volunteer |
| ANDREW BERDON | GOVERNOR | 2 | Volunteer |
| ANN MEYER | GOVERNOR | 2 | Volunteer |
| LARRY FOX | GOVERNOR | 2 | 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.
SEE SCHEDULE O
SEE SCHEDULE O
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
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.
| Name | Title | Comp from Org |
|---|---|---|
| WHITNEY SIMON | EXECUTIVE DIRECTOR | $111,133 |
Compensation shown is reportable compensation from this organization only, as disclosed in Part VII. The $150,000 individual disclosure threshold provides useful 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 reflects that the organization employs paid management rather than relying entirely on unpaid volunteers. Revenue scale, headcount, and operating complexity all shape what compensation levels are common for an organization of a given size. The filing shows what was paid and to whom; only people with inside knowledge of the organization can explain the context behind those numbers.
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 approach is common among nonprofit organizations. An independent consultant provides external market data and a documented rationale; its presence or absence is one piece of context among several when reading compensation disclosures.
Equity-Based Compensation
Schedule J, Part II — Per-person compensation detail
No equity-based compensation reported. This is typical for nonprofits, which have no shareholders and cannot issue ownership stakes. In the for-profit world, equity-based instruments align executive incentives with shareholder value; the nonprofit analog uses different mechanisms such as retention bonuses or deferred compensation. None of the organizations in the sailing and yacht club corpus report equity-based compensation.
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
17
Independent Members
17
Total Employees
1
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.
Governing body decisions Part VI line 7b
CERTAIN MATTERS, SUCH AS THE ELECTION OF OFFICERS AND GOVERNORS, CHANGES TO THE BY-LAWS, AND MEMBER DUES AND INITIATION FEES MUST BE APPROVED BY A MAJORITY VOTE OF THE MEMBERS, EACH OF WHOM HAS ONE VOTE.
Form 990 governing body review Part VI line 11
THE TREASURER REVIEWS THE FORM 990 WITH THE CLUBS COMMODORES AND SECRETARY BEFORE IT IS FILED.
Governing documents etc available to public Part VI line 19
THE CLUBS GOVERNING DOCUMENTS AND FORM 990 ARE AVAILABLE UPON REQUEST AT THE BUSINESS OFFICE.
General explanation attachment
SEE ATTACHMENT TO FORM 990, SCHEDULE O
Mission
TO PROMOTE GOOD FELLOWSHIP AMONG BLUE WATER AND OCEAN RACING SAILORS AND TO ENCOURAGE THE SPORT OF OCEAN RACING AND OFFSHORE CRUISING BY MAINTAINING A LEADERSHIP ROLE IN THE SPORT, INCLUDING ORGANIZING SOCIAL EVENTS AND PREMIER REGATTAS.
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 →