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Keystone Yacht Club Inc

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
$809k (2024)

Expenses
$626k (2024)

Total Assets
$717k (2024)

Total Liabilities
$11k (2024)

Source: Form 990 tax filings from 2012 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 March
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$808,937
Expenses
$625,530
Net Income
$183,407
Net Assets
$705,977
Notable Sources of Revenue Percent of Total Revenue
Contributions $173,545
21.5%
Program Services $0
Investment Income $15,346
1.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $620,046
76.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $84,057
13.4%
Assets/Debt
Total Assets $716,993
Total Liabilities $11,016
Net Assets $705,977
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
Michael Laxton (Commodore) $0 $0 $0
Robert Clark (Vice Commodore) $0 $0 $0
Enzo Guidi (Financial Secretary) $0 $0 $0
Gary Minzer (Recording Secretary) $0 $0 $0
Jason Teramo (Treasurer) $0 $0 $0
Steven Liquori (Rear Commodore) $0 $0 $0

Document Links

Fiscal Year Ending March
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$455,828
Expenses
$515,163
Net Income
-$59,335
Net Assets
$522,571
Notable Sources of Revenue Percent of Total Revenue
Contributions $175,187
38.4%
Program Services $0
Investment Income $142
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $280,499
61.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $94,692
18.4%
Assets/Debt
Total Assets $590,017
Total Liabilities $67,446
Net Assets $522,571
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 Norman (Commodore) $0 $0 $0
Michael Laxton (Vice Commodore) $0 $0 $0
Enzo Guidi (Financial Secretary) $0 $0 $0
Steven Liguori (Recording Secretary) $0 $0 $0
Jason Teramo (Treasurer) $0 $0 $0
Robert Clark (Rear Commodore) $0 $0 $0

Document Links

Fiscal Year Ending March
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$460,246
Expenses
$529,972
Net Income
-$69,726
Net Assets
$581,906
Notable Sources of Revenue Percent of Total Revenue
Contributions $166,283
36.1%
Program Services $0
Investment Income $259
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $293,704
63.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $105,415
19.9%
Assets/Debt
Total Assets $605,877
Total Liabilities $23,971
Net Assets $581,906
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 Norman (Commodore) $0 $0 $0
Michael Laxton (Vice Commodore) $0 $0 $0
Enzo Guidi (Financial Secretary) $0 $0 $0
Steven Liguori (Recording Secretary) $0 $0 $0
Jason Teramo (Treasurer) $0 $0 $0
Robert Clark (Rear Commodore) $0 $0 $0

Document Links

Fiscal Year Ending March
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$385,329
Expenses
$449,488
Net Income
-$64,159
Net Assets
$651,632
Notable Sources of Revenue Percent of Total Revenue
Contributions $149,652
38.8%
Program Services $0
Investment Income $616
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $235,061
61.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $73,266
16.3%
Assets/Debt
Total Assets $696,800
Total Liabilities $45,168
Net Assets $651,632
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
Robert Mango (Commodore) $0 $0 $0
David Norman (Vice Commodore) $0 $0 $0
Joseph Adorno (Financial Secretary) $0 $0 $0
Steven Liguori (Recording Secretary) $0 $0 $0
Jason Teramo (Treasurer) $0 $0 $0
Michael Laxton (Rear Commodore) $0 $0 $0

Document Links

Fiscal Year Ending March
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$464,656
Expenses
$477,909
Net Income
-$13,253
Net Assets
$715,791
Notable Sources of Revenue Percent of Total Revenue
Contributions $170,771
36.8%
Program Services $0
Investment Income $811
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $293,074
63.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $98,255
20.6%
Assets/Debt
Total Assets $718,146
Total Liabilities $2,355
Net Assets $715,791
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
Louis Esposito (Commodore) $0 $0 $0
Robert Mango (Vice Commodore) $0 $0 $0
Joseph Adorno (Financial Secretary) $0 $0 $0
Robert Sprance (Recording Secretary) $0 $0 $0
Jason Teramo (Treasurer) $0 $0 $0
David Norman (Rear Commodore) $0 $0 $0

Document Links

Fiscal Year Ending March
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$397,161
Expenses
$446,479
Net Income
-$49,318
Net Assets
$729,044
Notable Sources of Revenue Percent of Total Revenue
Contributions $148,017
37.3%
Program Services $0
Investment Income $403
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $248,741
62.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $65,740
14.7%
Assets/Debt
Total Assets $730,279
Total Liabilities $1,235
Net Assets $729,044
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
Louis Esposito (Commodore) $0 $0 $0
Robert Mango (Vice Commodore) $0 $0 $0
Joseph Adorno (Financial Secretary) $0 $0 $0
William Mcguiness (Recording Secretary) $0 $0 $0
Jason Teramo (Treasurer) $0 $0 $0
David Norman (Rear Commodore) $0 $0 $0

Document Links

Fiscal Year Ending March
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$398,980
Expenses
$421,191
Net Income
-$22,211
Net Assets
$778,362
Notable Sources of Revenue Percent of Total Revenue
Contributions $152,790
38.3%
Program Services $0
Investment Income $259
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $245,931
61.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $82,408
19.6%
Assets/Debt
Total Assets $788,401
Total Liabilities $10,039
Net Assets $778,362
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
Brad Glasser (Commodore) $0 $0 $0
Louis Esposito (Vice Commodore) $0 $0 $0
Joseph Adorno (Financial Secretary) $0 $0 $0
Sam Joseph (Recording Secretary) $0 $0 $0
Jason Teramo (Treasurer) $0 $0 $0
Robert Mango (Rear Commodore) $0 $0 $0

Document Links

Fiscal Year Ending March
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$375,370
Expenses
$383,717
Net Income
-$8,347
Net Assets
$800,573
Notable Sources of Revenue Percent of Total Revenue
Contributions $156,033
41.6%
Program Services $0
Investment Income $454
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $218,883
58.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $63,200
16.5%
Assets/Debt
Total Assets $800,952
Total Liabilities $379
Net Assets $800,573
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
James Van Duyne (Commodore) $0 $0 $0
Brad Glasser (Vice Commodo) $0 $0 $0
Joseph Adorno (Financial Se) $0 $0 $0
Robert Mango (Recording Se) $0 $0 $0
Jason Teramo (Treasurer) $0 $0 $0
Louis Esposito (Rear Commodo) $0 $0 $0

Document Links

Fiscal Year Ending March
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$357,083
Expenses
$439,189
Net Income
-$82,106
Net Assets
$808,920
Notable Sources of Revenue Percent of Total Revenue
Contributions $143,894
40.3%
Program Services $0
Investment Income $384
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $212,805
59.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $61,520
14.0%
Assets/Debt
Total Assets $898,695
Total Liabilities $89,775
Net Assets $808,920
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
James Van Duyne (Commodore) $0 $0 $0
Brad Glasser (Vice Commodo) $0 $0 $0
Joseph Adorno (Financial Se) $0 $0 $0
Robert Mango (Recording Se) $0 $0 $0
Jason Teramo (Treasurer) $0 $0 $0
Louis Esposito (Rear Commodo) $0 $0 $0

Document Links

Fiscal Year Ending March
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$370,430
Expenses
$419,841
Net Income
-$49,411
Net Assets
$891,026
Notable Sources of Revenue Percent of Total Revenue
Contributions $153,356
41.4%
Program Services $0
Investment Income $191
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $216,883
58.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $57,304
13.6%
Assets/Debt
Total Assets $1,005,464
Total Liabilities $114,438
Net Assets $891,026
Club or Co-Op Income
Initiation Fees & Contributions $5,600
Income From Public Use of Club Facilities $0
Compensation
Key Employees and Officers Compensation Related Other
John Barbarino (Commodore) $0 $0 $0
James Van Duyne (Vice Commodo) $0 $0 $0
Joseph Adorno (Financial Se) $0 $0 $0
Richard Arnone (Recording Se) $0 $0 $0
Jason Teramo (Treasurer) $0 $0 $0
Brad Glasser (Rear Commodo) $0 $0 $0

Document Links

Fiscal Year Ending March
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$422,073
Expenses
$383,997
Net Income
$38,076
Net Assets
$940,437
Notable Sources of Revenue Percent of Total Revenue
Contributions $146,969
34.8%
Program Services $0
Investment Income $234
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $274,870
65.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $59,926
15.6%
Assets/Debt
Total Assets $1,174,471
Total Liabilities $234,034
Net Assets $940,437
Club or Co-Op Income
Initiation Fees & Contributions $9,250
Income From Public Use of Club Facilities $0
Compensation
Key Employees and Officers Compensation Related Other
John Barbarino (Commodore) $0 $0 $0
James Van Duyne (Vice Commodo) $0 $0 $0
Joseph Adorno (Financial Se) $0 $0 $0
Richard Arnone (Recording Se) $0 $0 $0
Jason Teramo (Treasurer) $0 $0 $0
Brad Glasser (Rear Commodo) $0 $0 $0

Document Links

Fiscal Year Ending March
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$635,596
Expenses
$446,636
Net Income
$188,960
Net Assets
$902,361
Notable Sources of Revenue Percent of Total Revenue
Contributions $155,856
24.5%
Program Services $0
Investment Income $243
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $479,497
75.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $47,219
10.6%
Assets/Debt
Total Assets $1,165,493
Total Liabilities $263,132
Net Assets $902,361
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $0

No Document Links

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

Fiscal Year Ending March
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$395,628
Expenses
$365,755
Net Income
$29,873
Net Assets
$713,401
Notable Sources of Revenue Percent of Total Revenue
Contributions $157,337
39.8%
Program Services $0
Investment Income $651
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $237,640
60.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $47,201
12.9%
Assets/Debt
Total Assets $1,035,708
Total Liabilities $322,307
Net Assets $713,401
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $0

Document Links

Fiscal Year Ending March
2011

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 March
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 March
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 March
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 March
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 March
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 March
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

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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  • 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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