EIN: 52-0414916 · ST MICHAELS, MD · 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.
$1,963,617
$1,593,798
$3,827,794
$1,906,850
90 W-2 employees reported (Form W-3, most recent filing — contractors and volunteers excluded) · TY2025 · 990
Total compensation, benefits & payroll taxes (Part IX)
TY2025$785,356
Full cost to employ everyone — wages + employer benefits + payroll taxes. Not officer pay alone.
~$9,000 per employee ⓘ — average across 90W-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$7,350
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 $792,706.
Functional Expense Allocation (Part IX)
TY2025$1,593,798total 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 | $980,699 | $971,975 | $8,724 | $919,943 |
| TY2021 | 2020–2021 | 990 | N/A | N/A | — | N/A |
| TY2021 | 2020–2021 | 990 | $1,174,449 | $1,159,236 | $15,213 | $935,156 |
| TY2022 | 2022+ | 990 | N/A | N/A | — | N/A |
| TY2022 | 2022+ | 990 | $1,355,111 | $1,436,991 | -$81,880 | $853,276 |
| TY2023 | 2022+ | 990 | N/A | N/A | — | N/A |
| TY2023 | 2022+ | 990 | $1,908,654 | $1,492,410 | $416,244 | $1,269,520 |
| TY2024 | 2022+ | 990 | N/A | N/A | — | N/A |
| TY2024 | 2022+ | 990 | $1,779,817 | $1,512,306 | $267,511 | $1,537,031 |
| TY2025 | 2022+ | 990 | $1,963,617 | $1,593,798 | $369,819 | $1,906,850 |
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 |
|---|---|---|
| 11a | MISCELLANEOUS | $34,451 |
| 12 | Total revenue | $1,963,617 |
| 1b | Membership dues | $1,597,491 |
| 1h | Total contributions and grants | $1,597,491 |
| 2a | ASSOCIATIONS | $308,510 |
| 2b | BOAT SHARE PROGRAM | $41,100 |
| 2c | POOL | $29,907 |
| 2d | ENTERTAINMENT/SPEC EVEN | $24,318 |
| 2e | SAIL COMMITTEE | $8,003 |
| 2f | Total program service revenue | $411,838 |
| 3 | Investment income | $27,689 |
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| Line | Description | BOY | EOY |
|---|---|---|---|
| 16 | Total assets | $3,540,001 | $3,827,794 |
| 26 | Total liabilities | $2,002,970 | $1,920,944 |
| 33 | Total net assets or fund balances | $1,537,031 | $1,906,850 |
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): 21
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 |
|---|---|---|---|
| RICH KOLL | DIRECTOR/GOVENOR | 1 | Volunteer |
| ROB NOBLE | DIRECTOR/GOVENOR | 1 | Volunteer |
| ROBERT FOLEY | DIRECTOR/GOVENOR | 1 | Volunteer |
| ADAM OWENS | DIRECTOR/GOVENOR | 1 | Volunteer |
| CLAY CAMPBELL | DIRECTOR/GOVENOR | 1 | Volunteer |
| JEAN BROOKS | DIRECTOR/GOVENOR | 1 | Volunteer |
| JERRY CRAMBLETT | DIRECTOR/GOVENOR | 1 | Volunteer |
| TIM PARIS | DIRECTOR/GOVENOR | 1 | Volunteer |
| DOUG ABBOTT | DIRECTOR/GOVENOR | 1 | Volunteer |
| JOHN HINES | TREASURER | 2 | Volunteer |
| JENNIFER WILLIANS | SECRETARY | 2 | Volunteer |
| ANDREW SOUTHWORTH | F/C | 2 | Volunteer |
| MATT KEALY | R/C | 2 | Volunteer |
| DENNIS KELLY | VICE COMMODORE | 2 | Volunteer |
| NICK SIMPSON | COMMODORE | 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.
DUES ARE PAID BY MEMBERS TO CONTINUE THE EXISTENCE OF THE CLUB. THIS INCOME PAYS FOR OPERATIONS OF THE CLUB.
THE YACHT CLUB HAS SEVERAL MISCELLANEOUS RELATED ACTIVITIES, FOR EXAMPLE A YEARBOOK IS PUBLISHED ANNUALLY FOR THE USEFULNESS OF THE CLUB.
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
15
Independent Members
15
Total Employees
90
Total Volunteers
59
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 A, LINE 6
THE YACHT CLUB CONSISTS OF MEMBERS. THERE ARE SIX CLASSES OF MEMBERSHIP: SENIOR, INTERMEDIATE, JUNIOR, HONORED SERVICES, HONORARY AND ASSOCIATE.
FORM 990, PART VI, SECTION A, LINE 7A
THE BOARD OF GOVERNORS APPOINTS A NOMINATING COMMITTEE WHO PROPOSES A SLATE OF ELIGIBLE MEMBERS FOR ELECTION TO THE BOARD. THE NOMINEES ARE PRESENTED AT THE SEPTEMBER QUARTERLY MEETING. THE NEWLY ELECTED BEGIN THEIR TERM ON NOVEMBER 1 OF EACH YEAR. ONLY SENIOR, INTERMEDIATE AND HONORED SERVICES MEMBERS MAY VOTE OR HOLD OFFICE.
FORM 990, PART VI, SECTION A, LINE 7B
THE FOLLOWING ACTIONS REQUIRE AUTHORIZATION BY THE MEMBERSHIP AT THE MEMBERSHIP MEETING AND CAN ONLY BE CONSIDERED IF THE MEMBERSHIP HAS BEEN INFORMED OF THE PROPOSED ACTION AT LEAST 30 DAYS BEFORE THE MEETING: INCREASE IN DUES, ASSESSMENTS, BORROWING OF FUNDS, DISBURSEMENT FROM THE PROPERTY IMPROVEMENT FUND, SELL OR TRANSFER OF OWNERSHIP OF ANY CLUB OWNED REAL ESTATE.
FORM 990, PART VI, SECTION B, LINE 11B
A COPY OF A DRAFT FORM 990 IS PRESENTED AND REVIEWED BY THE TREASURER BEFORE THE ACTUAL FILING.
FORM 990, PART VI, SECTION C, LINE 19
THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO ALL MEMBERS OF THE CLUB. OUTSIDE REVIEW OF SUCH DOCUMENTS ARE AVAILABLE UPON REQUEST.
Mission
TO PROVIDE TRADITIONAL EASTERN SHORE ACTIVITIES AND MAINTAIN FACILITIES SURROUNDING THE WATER.
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 (7 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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