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Town River Yacht Club

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
$972k (2024)

Expenses
$915k (2024)

Total Assets
$371k (2024)

Total Liabilities
$224k (2024)

Source: Form 990 tax filings from 2011 to 2024

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.
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$972,279
Expenses
$914,804
Net Income
$57,475
Net Assets
$147,031
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $431,033
44.3%
Investment Income $6,946
0.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $350,642
36.1%
Other Revenue $183,658
18.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $123,518
13.5%
Assets/Debt
Total Assets $371,119
Total Liabilities $224,088
Net Assets $147,031
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
Mark Sarofeen (Commodore) $0 $0 $0
Michael Noonan (Vice Commodore) $0 $0 $0
Joanne Blunt (Treasurer) $0 $0 $0
Laura Cormican (Recording Secretary) $0 $0 $0
Alfred Gallinaro (Financial Secretary) $0 $0 $0
Peter Sarofeen (Rear Commodore) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,176,403
Expenses
$811,666
Net Income
$364,737
Net Assets
$3,850
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $437,839
37.2%
Investment Income $2,473
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $372,869
31.7%
Other Revenue $363,222
30.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $167,969
20.7%
Assets/Debt
Total Assets $355,889
Total Liabilities $352,039
Net Assets $3,850
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
Joseph Hart (Commodore) $0 $0 $0
Mark Sarofeen (Vice Commodore) $0 $0 $0
Joanne Blunt (Treasurer) $0 $0 $0
Laura Cormican (Recording Secretary) $0 $0 $0
Alfred Gallinaro (Financial Secretary) $0 $0 $0
Michael Noonan (Rear Commodore) $0 $0 $0

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Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$932,166
Expenses
$865,083
Net Income
$67,083
Net Assets
-$359,851
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $398,175
42.7%
Investment Income $103
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $343,326
36.8%
Other Revenue $190,562
20.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $177,270
20.5%
Assets/Debt
Total Assets $32,729
Total Liabilities $392,580
Net Assets -$359,851
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
David Puglisi (Commodore) $0 $0 $0
Joseph Hart (Vice Commodore) $0 $0 $0
Mark Sarofeen (Rear Commodore) $0 $0 $0
Joanne Blunt (Treasurer) $0 $0 $0
Laura Cormican (Recording Secretary) $0 $0 $0
John Stewart (Financial Secretary) $0 $0 $0

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Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$797,976
Expenses
$848,127
Net Income
-$50,151
Net Assets
-$426,778
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $361,003
45.2%
Investment Income $95
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $327,505
41.0%
Other Revenue $109,373
13.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $205,008
24.2%
Assets/Debt
Total Assets $4,184
Total Liabilities $430,962
Net Assets -$426,778
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
David Puglisi (Vice Commodore) $0 $0 $0
Joseph Hart (Rear Commodore) $0 $0 $0
Dennis Knudsen (Commodore) $0 $0 $0
Joanne Blunt (Treasurer) $0 $0 $0
Robert Gilmartin (Secretary) $0 $0 $0
John Stewart (Financial Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$597,477
Expenses
$821,302
Net Income
-$223,825
Net Assets
-$352,718
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $299,402
50.1%
Investment Income $218
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $202,240
33.8%
Other Revenue $95,617
16.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $123,244
15.0%
Assets/Debt
Total Assets $114,579
Total Liabilities $467,297
Net Assets -$352,718
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
David Puglisi (Rear Commodore) $0 $0 $0
Alfred Gallinaro (Commodore) $0 $0 $0
Dennis Knudsen (Vice Commodore) $0 $0 $0
Joanne Blunt (Treasurer) $0 $0 $0
Robert Gilmartin (Secretary) $0 $0 $0
John Stewart (Financial Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$876,352
Expenses
$1,060,814
Net Income
-$184,462
Net Assets
-$112,386
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $343,208
39.2%
Investment Income $858
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $336,402
38.4%
Other Revenue $195,884
22.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $156,393
14.7%
Assets/Debt
Total Assets $289,228
Total Liabilities $401,614
Net Assets -$112,386
Club or Co-Op Income
Initiation Fees & Contributions $10,000
Income From Public Use of Club Facilities $0
Compensation
Key Employees and Officers Compensation Related Other
Dennis Knudsen (Rear Commodore) $0 $0 $0
Austin Mc Knight (Commodore) $0 $0 $0
Alfred Gallinaro (Vice Commodore) $0 $0 $0
Joanne Blunt (Treasurer) $0 $0 $0
John Stewart (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$709,087
Expenses
$747,291
Net Income
-$38,204
Net Assets
$72,076
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $165,845
23.4%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $436,366
61.5%
Other Revenue $106,876
15.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $108,939
14.6%
Assets/Debt
Total Assets $72,076
Total Liabilities $0
Net Assets $72,076
Club or Co-Op Income
Initiation Fees & Contributions $5,000
Income From Public Use of Club Facilities $0
Compensation
Key Employees and Officers Compensation Related Other
Gary Mac Neil (Commodore) $0 $0 $0
Austin Mc Knight (Vice Commodore) $0 $0 $0
Al Gallinaro (Rear Commodore) $0 $0 $0
Richard Wells (Treasurer) $0 $0 $0
Robert Gilmartin (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$373,307
Expenses
$383,543
Net Income
-$10,236
Net Assets
$110,280
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $27,275
7.3%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $190,638
51.1%
Other Revenue $155,394
41.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $93,557
24.4%
Assets/Debt
Total Assets $110,280
Total Liabilities $0
Net Assets $110,280
Club or Co-Op Income
Initiation Fees & Contributions $5,000
Income From Public Use of Club Facilities $0
Compensation
Key Employees and Officers Compensation Related Other
Robert Ga1rnett (Commodore) $0 $0 $0
Gary Mac Neil (Vice Commodore) $0 $0 $0
Michael Richards (Rear Commodore) $0 $0 $0
Richard Wells (Treasurer) $0 $0 $0
Robert Gilmartin (Secretary) $0 $0 $0
John Stewart (Financial Secretary) $0 $0 $0
Jack Pantano (Director) $0 $0 $0
Joe Leuchte (Director) $0 $0 $0
Bruce Swan (Director) $0 $0 $0
Robert Breen (Director) $0 $0 $0
Peter Sarofeen (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$495,839
Expenses
$411,410
Net Income
$84,429
Net Assets
$120,516
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $27,751
5.6%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $204,082
41.2%
Other Revenue $264,006
53.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $94,309
22.9%
Assets/Debt
Total Assets $120,516
Total Liabilities $0
Net Assets $120,516
Club or Co-Op Income
Initiation Fees & Contributions $5,000
Income From Public Use of Club Facilities $0
Compensation
Key Employees and Officers Compensation Related Other
Robert Ga1rnett (Commodore) $0 $0 $0
Gary Mac Neil (Vice Commodore) $0 $0 $0
Michael Richards (Rear Commodore) $0 $0 $0
Richard Wells (Treasurer) $0 $0 $0
Robert Gilmartin (Secretary) $0 $0 $0
John Stewart (Financial Secretary) $0 $0 $0
Jack Pantano (Director) $0 $0 $0
Joe Leuchte (Director) $0 $0 $0
Bruce Swan (Director) $0 $0 $0
Robert Breen (Director) $0 $0 $0
Peter Sarofeen (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$441,941
Expenses
$512,982
Net Income
-$71,041
Net Assets
$36,087
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $174,363
39.5%
Other Revenue $267,578
60.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $101,295
19.7%
Assets/Debt
Total Assets $36,087
Total Liabilities $0
Net Assets $36,087
Club or Co-Op Income
Initiation Fees & Contributions $3,000
Income From Public Use of Club Facilities $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$396,599
Expenses
$346,691
Net Income
$49,908
Net Assets
$107,128
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $10
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $128,636
32.4%
Other Revenue $267,953
67.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $103,456
29.8%
Assets/Debt
Total Assets $107,128
Total Liabilities $0
Net Assets $107,128
Club or Co-Op Income
Initiation Fees & Contributions $6,000
Income From Public Use of Club Facilities $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$369,470
Expenses
$349,202
Net Income
$20,268
Net Assets
$57,220
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $98,225
26.6%
Other Revenue $271,245
73.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $93,998
26.9%
Assets/Debt
Total Assets $57,220
Total Liabilities $0
Net Assets $57,220
Club or Co-Op Income
Initiation Fees & Contributions $5,000
Income From Public Use of Club Facilities $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$364,664
Expenses
$401,427
Net Income
-$36,763
Net Assets
$36,952
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $39
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $96,329
26.4%
Other Revenue $268,296
73.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $91,410
22.8%
Assets/Debt
Total Assets $36,952
Total Liabilities $0
Net Assets $36,952
Club or Co-Op Income
Initiation Fees & Contributions $8,000
Income From Public Use of Club Facilities $0

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$367,739
Expenses
$369,177
Net Income
-$1,438
Net Assets
$73,715
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Bond Proceeds $47
0.0%
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $97,864
26.6%
Other Revenue $269,828
73.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $74,375
20.1%
Assets/Debt
Total Assets $73,715
Total Liabilities $0
Net Assets $73,715
Club or Co-Op Income
Initiation Fees & Contributions $5,000
Income From Public Use of Club Facilities $0

Document Links

Fiscal Year Ending Dec.
2010

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

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

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

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

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

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

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

About This Data

What Is 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 »

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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.
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  • 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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