Masons Island Yacht Club Inc

Mystic, CT
Tax-exempt since Oct. 1976
EIN: 06-0714276

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Type of Nonprofit

Designated as a 501(c)(7) Social and recreational clubs.

Donations to this organization are not tax deductible.

Revenue

$609k (2024)

Expenses

$509k (2024)

Total Assets

$1.27M (2024)

Total Liabilities

$320 (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

Revenue

$608,918

Expenses

$508,582

Net Income

$100,336

Net Assets

$1,271,354

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$322,765	53.0%
Program Services	$169,925	27.9%
Investment Income	$17,863	2.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$98,365	16.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$117,429	23.1%

Assets/Debt
Total Assets	$1,271,674
Total Liabilities	$320
Net Assets	$1,271,354

Club or Co-Op Income
Initiation Fees & Contributions	$44,550
Income From Public Use of Club Facilities	$0

Compensation

Key Employees and Officers	Compensation	Related	Other
Kevin Miller (Commodore)	$0	$0	$0
Jody Phillips Clark (Vice Commodre)	$0	$0	$0
Jim Wilson (Rear Commodore)	$0	$0	$0
Sarah Lee Willey (Secretary)	$0	$0	$0
David Ludwig (Treasurer)	$0	$0	$0
Various Trustees 7 Total (Trustee)	$0	$0	$0

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990

Filed on June 2, 2025

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

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Fiscal Year Ending Dec.
2023

Revenue

$550,114

Expenses

$524,777

Net Income

$25,337

Net Assets

$1,171,018

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$317,169	57.7%
Program Services	$159,975	29.1%
Investment Income	$23	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$72,947	13.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$103,002	19.6%

Assets/Debt
Total Assets	$1,173,023
Total Liabilities	$2,005
Net Assets	$1,171,018

Club or Co-Op Income
Initiation Fees & Contributions	$55,000
Income From Public Use of Club Facilities	$0

Compensation

Key Employees and Officers	Compensation	Related	Other
Victoria Christian (Commodore)	$0	$0	$0
Kevin Miller (Vice Commodre)	$0	$0	$0
Jody Phillips Clark (Rear Commodore)	$0	$0	$0
Sarah Lee Willey (Secretary)	$0	$0	$0
David Ludwig (Treasurer)	$0	$0	$0
Various Trustees 7 Total (Trustee)	$0	$0	$0

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990

Filed on May 27, 2024

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

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Fiscal Year Ending Dec.
2022

Revenue

$498,268

Expenses

$444,860

Net Income

$53,408

Net Assets

$1,143,686

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$281,382	56.5%
Program Services	$150,391	30.2%
Investment Income	$21	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$66,474	13.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$93,563	21.0%

Assets/Debt
Total Assets	$1,146,075
Total Liabilities	$2,389
Net Assets	$1,143,686

Club or Co-Op Income
Initiation Fees & Contributions	$44,000
Income From Public Use of Club Facilities	$0

Compensation

Key Employees and Officers	Compensation	Related	Other
Victoria Christian (Commodore)	$0	$0	$0
Kevin Miller (Vice Commodre)	$0	$0	$0
Cate Moffett (Rear Commodore)	$0	$0	$0
Jody Phillips Clark (Secretary)	$0	$0	$0
Gary King (Treasurer)	$0	$0	$0
Variuos Trustees 7 Total (Trustee)	$0	$0	$0

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990

Filed on May 18, 2023

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

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Fiscal Year Ending Dec.
2021

Revenue

$527,846

Expenses

$421,691

Net Income

$106,155

Net Assets

$1,090,278

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$300,916	57.0%
Program Services	$171,399	32.5%
Investment Income	$13	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$55,518	10.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$80,106	19.0%

Assets/Debt
Total Assets	$1,089,159
Total Liabilities	-$1,119
Net Assets	$1,090,278

Club or Co-Op Income
Initiation Fees & Contributions	$55,000
Income From Public Use of Club Facilities	$0

Compensation

Key Employees and Officers	Compensation	Related	Other
Andrew Halsey (Commodore)	$0	$0	$0
Victoria Christian (Vice Commodre)	$0	$0	$0
Kevin Miller (Rear Commodore)	$0	$0	$0
Jean Anderson (Secretary)	$0	$0	$0
Gary King (Treasurer)	$0	$0	$0
Variuos Trustees 7 Total (Trustee)	$0	$0	$0

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990

Filed on May 16, 2022

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

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Fiscal Year Ending Dec.
2020

Revenue

$402,599

Expenses

$366,811

Net Income

$35,788

Net Assets

$984,123

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$221,489	55.0%
Program Services	$59,561	14.8%
Investment Income	$8	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$121,541	30.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$86,008	23.4%

Assets/Debt
Total Assets	$982,051
Total Liabilities	-$2,072
Net Assets	$984,123

Club or Co-Op Income
Initiation Fees & Contributions	$29,593
Income From Public Use of Club Facilities	$0

Compensation

Key Employees and Officers	Compensation	Related	Other
Andrew Halsey (Commodore)	$0	$0	$0
Victora Christian (Vice Commodore)	$0	$0	$0
Kevin Miller (Rear Commodore)	$0	$0	$0
Jean Anderson (Secretary)	$0	$0	$0
Thomas Cooke (Treasurer)	$0	$0	$0
Various Trustees Seven (Trustee)	$0	$0	$0

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990

Filed on Jan. 6, 2022

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

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Fiscal Year Ending Dec.
2019

Revenue

$388,687

Expenses

$257,645

Net Income

$131,042

Net Assets

$928,744

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$220,860	56.8%
Program Services	$85,024	21.9%
Investment Income	$5	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$82,798	21.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$79,156	30.7%

Assets/Debt
Total Assets	$928,939
Total Liabilities	$195
Net Assets	$928,744

Club or Co-Op Income
Initiation Fees & Contributions	$0
Income From Public Use of Club Facilities	$0

990

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

PDF

Fiscal Year Ending Dec.
2018

Revenue

$357,656

Expenses

$379,133

Net Income

-$21,477

Net Assets

$871,977

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$210,683	58.9%
Program Services	$91,078	25.5%
Investment Income	$12	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$55,883	15.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$83,447	22.0%

Assets/Debt
Total Assets	$872,463
Total Liabilities	$486
Net Assets	$871,977

Club or Co-Op Income
Initiation Fees & Contributions	$53,313
Income From Public Use of Club Facilities	$0

990

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

PDF

Fiscal Year Ending Dec.
2017

Revenue

$314,056

Expenses

$388,904

Net Income

-$74,848

Net Assets

$915,524

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$217,742	69.3%
Program Services	$96,305	30.7%
Investment Income	$9	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$78,131	20.1%

Assets/Debt
Total Assets	$983,043
Total Liabilities	$67,519
Net Assets	$915,524

Club or Co-Op Income
Initiation Fees & Contributions	$58,500
Income From Public Use of Club Facilities	$0

990

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

PDF

Fiscal Year Ending Dec.
2016

Revenue

$353,866

Expenses

$400,511

Net Income

-$46,645

Net Assets

$889,295

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$190,621	53.9%
Program Services	$85,895	24.3%
Investment Income	$10	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$77,340	21.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$84,708	21.1%

Assets/Debt
Total Assets	$997,846
Total Liabilities	$108,551
Net Assets	$889,295

Club or Co-Op Income
Initiation Fees & Contributions	$0
Income From Public Use of Club Facilities	$0

990

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

PDF

Fiscal Year Ending Dec.
2015

Revenue

$323,057

Expenses

$354,050

Net Income

-$30,993

Net Assets

$889,377

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$191,908	59.4%
Program Services	$81,336	25.2%
Investment Income	$15	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$49,798	15.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$77,415	21.9%

Assets/Debt
Total Assets	$1,036,617
Total Liabilities	$147,240
Net Assets	$889,377

Club or Co-Op Income
Initiation Fees & Contributions	$0
Income From Public Use of Club Facilities	$0

990

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

PDF

Fiscal Year Ending Dec.
2014

Revenue

$252,121

Expenses

$312,296

Net Income

-$60,175

Net Assets

$890,674

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$153,086	60.7%
Program Services	$94,614	37.5%
Investment Income	$13	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$4,408	1.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$65,554	21.0%

Assets/Debt
Total Assets	$1,071,655
Total Liabilities	$180,981
Net Assets	$890,674

Club or Co-Op Income
Initiation Fees & Contributions	$93,226
Income From Public Use of Club Facilities	$0

990

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

PDF

Fiscal Year Ending Dec.
2013

Revenue

$524,355

Expenses

$317,885

Net Income

$206,470

Net Assets

$874,854

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$422,353	80.5%
Program Services	$99,992	19.1%
Investment Income	$12	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$2,008	0.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$71,850	22.6%

Assets/Debt
Total Assets	$1,079,360
Total Liabilities	$204,506
Net Assets	$874,854

Club or Co-Op Income
Initiation Fees & Contributions	$42,168
Income From Public Use of Club Facilities	$0

990

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

PDF

Fiscal Year Ending Dec.
2012

Revenue

$342,497

Expenses

$347,961

Net Income

-$5,464

Net Assets

$719,528

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$243,585	71.1%
Program Services	$93,562	27.3%
Investment Income	$55	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$5,295	1.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$72,865	20.9%

Assets/Debt
Total Assets	$916,243
Total Liabilities	$196,715
Net Assets	$719,528

Club or Co-Op Income
Initiation Fees & Contributions	$0
Income From Public Use of Club Facilities	$0

990

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$311,349

Expenses

$271,556

Net Income

$39,793

Net Assets

$729,645

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$207,144	66.5%
Program Services	$84,786	27.2%
Investment Income	$57	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$14,070	4.5%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$5,292	1.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$71,460	26.3%

Assets/Debt
Total Assets	$946,216
Total Liabilities	$216,571
Net Assets	$729,645

Club or Co-Op Income
Initiation Fees & Contributions	$0
Income From Public Use of Club Facilities	$0

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

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Updated December 22, 2025

Masons Island Yacht Club Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $609k (2024)

Expenses $509k (2024)

Total Assets $1.27M (2024)

Total Liabilities $320 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2011

Revenue

$609k (2024)

Expenses

$509k (2024)

Total Assets

$1.27M (2024)

Total Liabilities

$320 (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005