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Chelsea Yacht Club

  • Chelsea, NY
  • Tax-exempt since Dec. 1941
  • EIN: 14-0561195

Organization summary

Type of Nonprofit

Designated as a Social and recreational clubs.

Donations to this organization are not tax deductible.

Details

According to its Dec. 2023 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$282k (2023)

Expenses
$268k (2023)

Total Assets
$396k (2023)

Total Liabilities
$27.7k (2023)

Source: Form 990 tax filings from 2011 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
$282,391
Expenses
$267,554
Net Income
$14,837
Net Assets
$368,613
Notable Sources of Revenue Percent of Total Revenue
Contributions $91,601
32.4%
Program Services $185,333
65.6%
Investment Income $9,274
3.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales -$3,817
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $10,006
3.7%
Professional Fundraising Fees $0
Other Salaries and Wages $29,464
11.0%
Assets/Debt
Total Assets $396,298
Total Liabilities $27,685
Net Assets $368,613
Club or Co-Op Income
Initiation Fees & Contributions $3,020
Income From Public Use of Club Facilities $0
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Sven Willkehr (Rc Marina) $4,520 $0 $485
Michael Pike (Fleet Captai) $3,042 $0 $485
Mark Maxam (Commodore) $2,288 $0 $485
Michael Colucci (Rc Hauling &) $156 $0 $485
Steven Parker (Trustee) $0 $0 $485
Russell Polo (Trustee) $0 $0 $485
Kurt Worell (Trustee) $0 $0 $485
John Amico (Rc House) $0 $0 $485
Michael Barra (Rc Waterfron) $0 $0 $485
Amy Cloutier (Treasurer) $0 $0 $485
Corinna Deigan (Rc Entertain) $0 $0 $485
Regina Hojnacki (Rc Grounds) $0 $0 $485
Roy Newman (Rc Boats And) $0 $0 $485
Martin Rosner (Vice Commodo) $0 $0 $485
William Gordon (Director Sai) $0 $0 $283
Katrina Duffy (Secretary) $0 $0 $243
Wendy Smart (Secretary (F) $0 $0 $243
+ View more people

Document Links

990
Filed on May 31, 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
$295,584
Expenses
$266,128
Net Income
$29,456
Net Assets
$353,776
Notable Sources of Revenue Percent of Total Revenue
Contributions $95,597
32.3%
Program Services $195,461
66.1%
Investment Income $2,450
0.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$2,448
Net Inventory Sales $4,524
1.5%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $6,040
2.3%
Professional Fundraising Fees $0
Other Salaries and Wages $37,311
14.0%
Assets/Debt
Total Assets $381,831
Total Liabilities $28,055
Net Assets $353,776
Club or Co-Op Income
Initiation Fees & Contributions $7,680
Income From Public Use of Club Facilities $0
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Mark Maxam (Commodore) $2,188 $0 $485
Michael Pike (Fleet Captai) $1,977 $0 $485
Jeremy Moore (Director Sai) $1,875 $0 $485
Sharon Herring (Trustee) $0 $0 $485
Steve Parker (Trustee) $0 $0 $485
Russell Polo (Trustee) $0 $0 $485
John Amico (Rc House) $0 $0 $485
Amy Cloutier (Treasurer) $0 $0 $485
Corinna Deigan (Rc Grounds) $0 $0 $485
Regina Hojnacki (Rc Entertain) $0 $0 $485
Charlie Kirstein (Rc Marina) $0 $0 $485
Chris Kotrotsios (Rc Hauling &) $0 $0 $485
Michael Kraus (Rc Waterfron) $0 $0 $485
Kyle Mcconnell (Rc Boats And) $0 $0 $485
Martin Rosner (Vice Commodo) $0 $0 $485
Wendy Smart (Secretary) $0 $0 $485
Michael Colucci (Rc Hauling &) $0 $0 $40
+ View more people

Document Links

990
Filed on Sept. 13, 2023

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

View Filing
XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$268,287
Expenses
$264,377
Net Income
$3,910
Net Assets
$324,320
Notable Sources of Revenue Percent of Total Revenue
Contributions $87,131
32.5%
Program Services $179,276
66.8%
Investment Income $624
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $1,256
0.5%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $10,795
4.1%
Professional Fundraising Fees $0
Other Salaries and Wages $27,502
10.4%
Assets/Debt
Total Assets $361,777
Total Liabilities $37,457
Net Assets $324,320
Club or Co-Op Income
Initiation Fees & Contributions $10,970
Income From Public Use of Club Facilities $0
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Michael Colucci (Commodore) $6,800 $0 $475
Mark Maxam (Vice Commodo) $2,215 $0 $475
Michael Pike (Fleet Captai) $1,780 $0 $475
Sharon Herring (Trustee) $0 $0 $475
Steve Parker (Trustee) $0 $0 $475
Amy Cloutier (Treasurer) $0 $0 $475
Corinna Deigan (Rc Grounds) $0 $0 $475
Regina Hojnacki (Rc Entertain) $0 $0 $475
Chris Kotrotsios (Rc Hauling &) $0 $0 $475
Michael Kraus (Rc Waterfron) $0 $0 $475
Margaret Mcnamara (Secretary) $0 $0 $475
Roy Newman (Rc Boats And) $0 $0 $475
Martin Rosner (Rc House) $0 $0 $475
Ed Wolfe (Rc Marina) $0 $0 $475
Kurt Worell (Director Sai) $0 $0 $475
Bruce Cohen (Trustee) $0 $0 $0
+ View more people

Document Links

990
Filed on June 28, 2022

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

View Filing
XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$163,595
Expenses
$188,293
Net Income
-$24,698
Net Assets
$320,410
Notable Sources of Revenue Percent of Total Revenue
Contributions $75,705
46.3%
Program Services $85,545
52.3%
Investment Income $1,410
0.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $935
0.6%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $8,049
4.3%
Assets/Debt
Total Assets $362,910
Total Liabilities $42,500
Net Assets $320,410
Club or Co-Op Income
Initiation Fees & Contributions $6,640
Income From Public Use of Club Facilities $0
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Mark Maxam (Vice Commodo) $1,850 $0 $475
David Eberhart (Rc Waterfron) $1,615 $0 $475
Michael Colucci (Commodore) $0 $0 $475
Martin Rosner (Rc House) $0 $0 $475
Ed Wolfe (Rc Marina) $0 $0 $475
Roy Newman (Rc Boats & M) $0 $0 $198
Corinna Diegan (Rc Grounds) $0 $0 $198
Nadell Swanson (Rc Entertain) $0 $0 $475
Chris Kotrotsios (Rc Hauling &) $0 $0 $475
Daniel Halama (Dir. Sailing) $0 $0 $475
Jeremy Moore (Fleet Captai) $0 $0 $475
Margaret Mcnamara (Secretary) $0 $0 $475
Amy Cloutier (Treasurer) $0 $0 $475
Bruce Cohen (Trustee) $0 $0 $0
Robert Brigham (Trustee) $0 $0 $475
Sharon Herring (Trustee) $0 $0 $198
+ View more people

Document Links

990
Filed on July 5, 2022

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$248,521
Expenses
$237,565
Net Income
$10,956
Net Assets
$345,311
Notable Sources of Revenue Percent of Total Revenue
Contributions $75,939
30.6%
Program Services $168,709
67.9%
Investment Income $1,967
0.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $1,906
0.8%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $28,661
12.1%
Assets/Debt
Total Assets $365,811
Total Liabilities $20,500
Net Assets $345,311
Club or Co-Op Income
Initiation Fees & Contributions $7,600
Income From Public Use of Club Facilities $0

Document Links

990

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

PDF
PDF (2 of 2)

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$250,183
Expenses
$235,292
Net Income
$14,891
Net Assets
$334,598
Notable Sources of Revenue Percent of Total Revenue
Contributions $62,081
24.8%
Program Services $178,854
71.5%
Investment Income $2,158
0.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $7,090
2.8%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $26,471
11.3%
Assets/Debt
Total Assets $361,098
Total Liabilities $26,500
Net Assets $334,598
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $0

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
$218,560
Expenses
$216,827
Net Income
$1,733
Net Assets
$320,040
Notable Sources of Revenue Percent of Total Revenue
Contributions $64,381
29.5%
Program Services $148,152
67.8%
Investment Income $2,074
0.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $3,953
1.8%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $29,696
13.7%
Assets/Debt
Total Assets $352,540
Total Liabilities $32,500
Net Assets $320,040
Club or Co-Op Income
Initiation Fees & Contributions $3,975
Income From Public Use of Club Facilities $522

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
$193,634
Expenses
$202,354
Net Income
-$8,720
Net Assets
$318,493
Notable Sources of Revenue Percent of Total Revenue
Contributions $62,346
32.2%
Program Services $121,456
62.7%
Investment Income $2,241
1.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $7,591
3.9%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $23,791
11.8%
Assets/Debt
Total Assets $349,993
Total Liabilities $31,500
Net Assets $318,493
Club or Co-Op Income
Initiation Fees & Contributions $5,128
Income From Public Use of Club Facilities $860

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
$188,532
Expenses
$194,308
Net Income
-$5,776
Net Assets
$327,375
Notable Sources of Revenue Percent of Total Revenue
Contributions $56,716
30.1%
Program Services $126,368
67.0%
Investment Income $2,059
1.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $3,389
1.8%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $21,877
11.3%
Assets/Debt
Total Assets $354,875
Total Liabilities $27,500
Net Assets $327,375
Club or Co-Op Income
Initiation Fees & Contributions $3,122
Income From Public Use of Club Facilities $2,463

Document Links

990

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

PDF

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$187,233
Expenses
$189,082
Net Income
-$1,849
Net Assets
$333,151
Notable Sources of Revenue Percent of Total Revenue
Contributions $62,158
33.2%
Program Services $118,369
63.2%
Investment Income $1,278
0.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $4,250
2.3%
Net Inventory Sales $1,178
0.6%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $20,423
10.8%
Assets/Debt
Total Assets $355,651
Total Liabilities $22,500
Net Assets $333,151
Club or Co-Op Income
Initiation Fees & Contributions $7,125
Income From Public Use of Club Facilities $0

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
$259,140
Expenses
$256,583
Net Income
$2,557
Net Assets
$334,998
Notable Sources of Revenue Percent of Total Revenue
Contributions $54,674
21.1%
Program Services $122,229
47.2%
Investment Income $1,541
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $2,490
1.0%
Other Revenue $78,206
30.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $22,150
8.6%
Assets/Debt
Total Assets $335,024
Total Liabilities $26
Net Assets $334,998
Club or Co-Op Income
Initiation Fees & Contributions $2,138
Income From Public Use of Club Facilities $0

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
$189,378
Expenses
$242,900
Net Income
-$53,522
Net Assets
$332,441
Notable Sources of Revenue Percent of Total Revenue
Contributions $62,193
32.8%
Program Services $123,868
65.4%
Investment Income $1,583
0.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$476
Net Inventory Sales $2,210
1.2%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $21,617
8.9%
Assets/Debt
Total Assets $332,456
Total Liabilities $15
Net Assets $332,441
Club or Co-Op Income
Initiation Fees & Contributions $7,838
Income From Public Use of Club Facilities $0

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
$268,303
Expenses
$164,100
Net Income
$104,203
Net Assets
$386,050
Notable Sources of Revenue Percent of Total Revenue
Contributions $53,393
19.9%
Program Services $118,930
44.3%
Investment Income $1,727
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $632
0.2%
Other Revenue $93,621
34.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $23,751
14.5%
Assets/Debt
Total Assets $388,075
Total Liabilities $2,025
Net Assets $386,050
Club or Co-Op Income
Initiation Fees & Contributions $5,700
Income From Public Use of Club Facilities $0

Document Links

990

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

PDF

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

990-EZ

Short form 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-EZ

Short form 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.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

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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