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Point Independence Yacht Club Inc

  • Onset, MA
  • Tax-exempt since Feb. 1945
  • EIN: 04-1734331

Organization summary

Type of Nonprofit

Designated as a Social and recreational clubs.

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$642k (2023)

Expenses
$634k (2023)

Total Assets
$2.15M (2023)

Total Liabilities
$619k (2023)

Source: Form 990 tax filings from 2010 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$641,931
Expenses
$633,619
Net Income
$8,312
Net Assets
$1,526,547
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $532,130
82.9%
Investment Income $749
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $11,793
1.8%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $52,583
8.2%
Other Revenue $44,676
7.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $109,730
17.3%
Assets/Debt
Total Assets $2,145,926
Total Liabilities $619,379
Net Assets $1,526,547
Club or Co-Op Income
Initiation Fees & Contributions $24,897
Income From Public Use of Club Facilities $230,000
Compensation
Key Employees and Officers Compensation Related Other
Chris Kuppens (Director) $0 $0 $0
Thomas P Sullivan (Director) $0 $0 $0
Daniel J Donovan (Director) $0 $0 $0
Michael Iappini (Director) $0 $0 $0
Richard Melloni (Director) $0 $0 $0
Donald E Phipps (Director) $0 $0 $0
Jeffrey J Bukunt (Director) $0 $0 $0
Paul Sullivan (Director) $0 $0 $0
Neil Sullivan (Director) $0 $0 $0
Emanual Gomes (Director) $0 $0 $0
Gregory Bukunt (Director) $0 $0 $0
Dennis Langlais (Director) $0 $0 $0
Christine Coughlin (President) $0 $0 $0
Erin Schaaf (Treasurer) $0 $0 $0
Ronald Enos (Clerk) $0 $0 $0
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Document Links

990
Filed on Nov. 15, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$617,941
Expenses
$580,060
Net Income
$37,881
Net Assets
$1,518,235
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $551,308
89.2%
Investment Income $632
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $4,746
0.8%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $17,395
2.8%
Other Revenue $43,860
7.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $109,487
18.9%
Assets/Debt
Total Assets $2,162,491
Total Liabilities $644,256
Net Assets $1,518,235
Club or Co-Op Income
Initiation Fees & Contributions $25,000
Income From Public Use of Club Facilities $229,923
Compensation
Key Employees and Officers Compensation Related Other
Chris Kuppens (Director) $0 $0 $0
Thomas P Sullivan (Director) $0 $0 $0
Daniel J Donovan (Director) $0 $0 $0
Michael Iappini (Director) $0 $0 $0
Richard Melloni (Director) $0 $0 $0
Donald E Phipps (Director) $0 $0 $0
Jeffrey J Bukunt (Director) $0 $0 $0
Paul Sullivan (Director) $0 $0 $0
Neil Sullivan (Director) $0 $0 $0
Emanual Gomes (Director) $0 $0 $0
Gregory Bukunt (Director) $0 $0 $0
Dennis Langlais (Director) $0 $0 $0
Christine Coughlin (President) $0 $0 $0
Erin Schaaf (Treasurer) $0 $0 $0
Ronald Enos (Clerk) $0 $0 $0
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Document Links

990
Filed on Nov. 14, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$555,269
Expenses
$490,422
Net Income
$64,847
Net Assets
$1,480,442
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $536,833
96.7%
Investment Income $1,035
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $2,446
0.4%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $1,614
0.3%
Other Revenue $13,341
2.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $80,338
16.4%
Assets/Debt
Total Assets $2,151,281
Total Liabilities $670,839
Net Assets $1,480,442
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $0
Compensation
Key Employees and Officers Compensation Related Other
Chris Kuppens (Director) $0 $0 $0
Thomas P Sullivan (Director) $0 $0 $0
Daniel J Donovan (Director) $0 $0 $0
Michael Iappini (Director) $0 $0 $0
Richard Melloni (Director) $0 $0 $0
Donald E Phipps (Director) $0 $0 $0
Jeffrey J Bukunt (Director) $0 $0 $0
Paul Sullivan (Director) $0 $0 $0
Neil Sullivan (Director) $0 $0 $0
Emanual Gomes (Director) $0 $0 $0
Gregory Bukunt (Director) $0 $0 $0
Dennis Langlais (Director) $0 $0 $0
Christine Coughlin (President) $0 $0 $0
Erin Schaaf (Treasurer) $0 $0 $0
Ronald Enos (Clerk) $0 $0 $0
+ View more people

Document Links

990
Filed on Nov. 15, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$519,429
Expenses
$447,927
Net Income
$71,502
Net Assets
$1,396,032
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $479,975
92.4%
Investment Income $799
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income -$618
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $39,273
7.6%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $91,004
20.3%
Assets/Debt
Total Assets $2,110,784
Total Liabilities $714,752
Net Assets $1,396,032
Club or Co-Op Income
Initiation Fees & Contributions $24,500
Income From Public Use of Club Facilities $126,969
Compensation
Key Employees and Officers Compensation Related Other
Emanuel Gomes (Director) $0 $0 $0
Dennis Langlais (Director) $0 $0 $0
Daniel J Donovan (Past Commodore) $0 $0 $0
Christine Coughlin (Commodore) $0 $0 $0
Donald E Phipps (Director) $0 $0 $0
Michael Iappini (Director) $0 $0 $0
Erin Schaaf (Treasurer) $0 $0 $0
Paul Sullivan (Director) $0 $0 $0
Thomas P Sullivan (Rear Commodore) $0 $0 $0
Ron Enos (Secretary) $0 $0 $0
Richard Melloni (Director) $0 $0 $0
Jeffrey J Bukunt (Director) $0 $0 $0
Gregory Bukunt (Director) $0 $0 $0
Chris Kuppens (Vice Commodore) $0 $0 $0
Neil Sullivan (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Nov. 9, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$551,614
Expenses
$449,731
Net Income
$101,883
Net Assets
$1,324,530
Notable Sources of Revenue Percent of Total Revenue
Contributions $13,000
2.4%
Program Services $475,545
86.2%
Investment Income $290
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income -$886
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $63,665
11.5%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $89,055
19.8%
Assets/Debt
Total Assets $2,032,385
Total Liabilities $707,855
Net Assets $1,324,530
Club or Co-Op Income
Initiation Fees & Contributions $14,000
Income From Public Use of Club Facilities $77,864
Compensation
Key Employees and Officers Compensation Related Other
Emanuel C Gomes (Secretary) $0 $0 $0
Dennis Langlais (Past Commodore) $0 $0 $0
Daniel J Donovan (Commodore) $0 $0 $0
Christine Coughlin (Vice Commodore) $0 $0 $0
Donald E Phipps (Director) $0 $0 $0
Michael Iappini (Treasurer) $0 $0 $0
Kevin Rakos (Director) $0 $0 $0
Paul Sullivan (Director) $0 $0 $0
Thomas P Sullivan (Director) $0 $0 $0
Francis J Lynch Iii (Director) $0 $0 $0
Richard A Penney (Director) $0 $0 $0
Scott Onanian (Director) $0 $0 $0
Gregory Bukunt (Director) $0 $0 $0
Chris Kuppens (Rear Commodore) $0 $0 $0
John Grasso (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Nov. 12, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$574,839
Expenses
$479,426
Net Income
$95,413
Net Assets
$1,222,647
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $508,643
88.5%
Investment Income $44
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income -$2,058
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $68,210
11.9%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $92,307
19.3%
Assets/Debt
Total Assets $1,934,711
Total Liabilities $712,064
Net Assets $1,222,647
Club or Co-Op Income
Initiation Fees & Contributions $49,000
Income From Public Use of Club Facilities $51,263

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$460,489
Expenses
$456,997
Net Income
$3,492
Net Assets
$1,127,234
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $397,362
86.3%
Investment Income $37
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income -$1,930
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $64,118
13.9%
Other Revenue $902
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $90,228
19.7%
Assets/Debt
Total Assets $1,894,575
Total Liabilities $767,341
Net Assets $1,127,234
Club or Co-Op Income
Initiation Fees & Contributions $42,000
Income From Public Use of Club Facilities $50,583

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$440,874
Expenses
$475,016
Net Income
-$34,142
Net Assets
$1,123,740
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $381,823
86.6%
Investment Income $417
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income -$5,056
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $62,228
14.1%
Other Revenue $1,462
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $92,094
19.4%
Assets/Debt
Total Assets $1,884,717
Total Liabilities $760,977
Net Assets $1,123,740
Club or Co-Op Income
Initiation Fees & Contributions $14,000
Income From Public Use of Club Facilities $46,833

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$465,736
Expenses
$419,914
Net Income
$45,822
Net Assets
$1,157,882
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $420,303
90.2%
Investment Income $145
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income -$1,023
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $46,311
9.9%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $81,671
19.4%
Assets/Debt
Total Assets $1,803,581
Total Liabilities $645,699
Net Assets $1,157,882
Club or Co-Op Income
Initiation Fees & Contributions $38,500
Income From Public Use of Club Facilities $40,831

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF
PDF (2 of 2)

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$329,560
Expenses
$345,218
Net Income
-$15,658
Net Assets
$1,112,063
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $317,627
96.4%
Investment Income $73
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income -$4,046
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $15,906
4.8%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $49,261
14.3%
Assets/Debt
Total Assets $1,517,923
Total Liabilities $405,860
Net Assets $1,112,063
Club or Co-Op Income
Initiation Fees & Contributions $14,200
Income From Public Use of Club Facilities $77,727

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$366,399
Expenses
$300,940
Net Income
$65,459
Net Assets
$1,127,721
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $294,469
80.4%
Investment Income $22
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income -$2,765
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $74,447
20.3%
Other Revenue $226
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $79,158
26.3%
Assets/Debt
Total Assets $1,294,221
Total Liabilities $166,500
Net Assets $1,127,721
Club or Co-Op Income
Initiation Fees & Contributions $3,000
Income From Public Use of Club Facilities $82,380

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$376,212
Expenses
$324,376
Net Income
$51,836
Net Assets
$1,062,262
Notable Sources of Revenue Percent of Total Revenue
Contributions $22,000
5.8%
Program Services $295,435
78.5%
Investment Income $14
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income -$4,756
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $63,163
16.8%
Other Revenue $356
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $67,012
20.7%
Assets/Debt
Total Assets $1,224,262
Total Liabilities $162,000
Net Assets $1,062,262
Club or Co-Op Income
Initiation Fees & Contributions $15,000
Income From Public Use of Club Facilities $119,680

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$343,029
Expenses
$310,994
Net Income
$32,035
Net Assets
$1,010,426
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $297,724
86.8%
Investment Income $4
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income -$3,968
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $48,545
14.2%
Other Revenue $724
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $70,265
22.6%
Assets/Debt
Total Assets $1,173,928
Total Liabilities $163,502
Net Assets $1,010,426
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $133,510

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2010

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$342,435
Expenses
$277,654
Net Income
$64,781
Net Assets
$978,391
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $288,126
84.1%
Investment Income $14
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income -$4,774
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $58,889
17.2%
Other Revenue $180
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $73,792
26.6%
Assets/Debt
Total Assets $1,140,392
Total Liabilities $162,001
Net Assets $978,391
Club or Co-Op Income
Initiation Fees & Contributions $15,000
Income From Public Use of Club Facilities $95,513

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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Byline

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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