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Corinthian Yacht Club Of Cape May

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
$1.24M (2023)

Expenses
$914k (2023)

Total Assets
$1.89M (2023)

Total Liabilities
$332k (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
$1,241,330
Expenses
$913,731
Net Income
$327,599
Net Assets
$1,554,150
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,014,179
81.7%
Investment Income $2,122
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,350
0.1%
Net Inventory Sales $223,679
18.0%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $247,181
27.1%
Assets/Debt
Total Assets $1,886,009
Total Liabilities $331,859
Net Assets $1,554,150
Club or Co-Op Income
Initiation Fees & Contributions $292,650
Income From Public Use of Club Facilities $46,970
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Alyssa Gaines (Club Manager) $100,916 $0 $0
Lewis Price (Commodore Thru 83123) $0 $0 $0
Geoffrey King (Commodore) $0 $0 $0
William Brady (Vice Commodore) $0 $0 $0
Robert Wilson (Director Thru 823) $0 $0 $0
Russell Dickhart (Director) $0 $0 $0
Roberta Nuss (Rear Commodore 923) $0 $0 $0
Michael Yeager (Director Finance) $0 $0 $0
Michelle O'donnell (Director) $0 $0 $0
Roland Bullard (Director Thru 823) $0 $0 $0
William Kurtz (Director Thru 823) $0 $0 $0
Carol York (Treasurer) $0 $0 $0
Susan Reilly (Secretary) $0 $0 $0
Charles Wahl (Director) $0 $0 $0
George Chmiel (Directorresigned 823) $0 $0 $0
Martyn Greenacre (Director As Of 923) $0 $0 $0
Charlotte List (Director As Of 923) $0 $0 $0
Leslie Fog (Director) $0 $0 $0
Stephen Ward (Director) $0 $0 $0
Carol List (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$876,308
Expenses
$837,369
Net Income
$38,939
Net Assets
$1,228,223
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $697,192
79.6%
Investment Income $892
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $150,448
17.2%
Other Revenue $27,776
3.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $220,769
26.4%
Assets/Debt
Total Assets $1,594,413
Total Liabilities $366,190
Net Assets $1,228,223
Club or Co-Op Income
Initiation Fees & Contributions $79,790
Income From Public Use of Club Facilities $70,264
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Lewis Price (Commodore As Of 9122) $0 $0 $0
Geoffrey King (Vice Commodore 9122) $0 $0 $0
William Brady (Rear Commodore 9122) $0 $0 $0
Robert Wilson (Commodore Thru 83123) $0 $0 $0
Russell Dickhart (Director) $0 $0 $0
Roberta Nuss (Director) $0 $0 $0
Michael Yeager (Director Finance) $0 $0 $0
Heather Turner (Director Thru 831) $0 $0 $0
Michelle O'donnell (Director) $0 $0 $0
Roland Bullard (Director) $0 $0 $0
William Kurtz (Director) $0 $0 $0
Carol York (Treasurer) $0 $0 $0
Susan Reilly (Secretary) $0 $0 $0
Mark Sorensen (Director) $0 $0 $0
Charles Wahl (Director) $0 $0 $0
George Chmiel (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$807,663
Expenses
$697,848
Net Income
$109,815
Net Assets
$1,178,484
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $648,875
80.3%
Investment Income $80
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $106,833
13.2%
Other Revenue $51,875
6.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $192,241
27.5%
Assets/Debt
Total Assets $1,495,452
Total Liabilities $316,968
Net Assets $1,178,484
Club or Co-Op Income
Initiation Fees & Contributions $57,790
Income From Public Use of Club Facilities $94,535
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Harry Gleason (Highest Compensated) $140,699 $0 $0
Mark Sorensen (Commodore Thru 831) $0 $0 $0
Robert Wilson (Commodore As Of 91) $0 $0 $0
Lewis Price (Vice Commodore) $0 $0 $0
Jessica Devivo (Director) $0 $0 $0
Russell Dickhart (Director) $0 $0 $0
Roberta Nuss (Director) $0 $0 $0
Michael Yeager (Director Finance) $0 $0 $0
Carol List (Director) $0 $0 $0
Heather Turner (Director) $0 $0 $0
Michelle O'donnell (Director) $0 $0 $0
Roland Bullard (Director) $0 $0 $0
William Kurtz (Director) $0 $0 $0
Carol York (Treasurer) $0 $0 $0
Susan Reilly (Secretary) $0 $0 $0
Thomas Lord (Director) $0 $0 $0
William Brady (Director) $0 $0 $0
Geoffrey King (Vice Commodore) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$607,340
Expenses
$638,058
Net Income
-$30,718
Net Assets
$1,067,582
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $536,210
88.3%
Investment Income $151
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$13,205
Net Inventory Sales $27,484
4.5%
Other Revenue $56,700
9.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $152,970
24.0%
Assets/Debt
Total Assets $1,423,863
Total Liabilities $356,281
Net Assets $1,067,582
Club or Co-Op Income
Initiation Fees & Contributions $54,821
Income From Public Use of Club Facilities $58,450
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Harry Gleason (Highest Compensated) $92,641 $0 $0
Mark Sorensen (Commodore) $0 $0 $0
Robert Wilson (Vice Commodore) $0 $0 $0
Lewis Price (Rear Commodore) $0 $0 $0
Jessica Devivo (Commodore Thru 831) $0 $0 $0
Russell Dickhart (Director) $0 $0 $0
Roberta Nuss (Director) $0 $0 $0
Robert Bredehoft (Director) $0 $0 $0
Debbie Robertson (Director) $0 $0 $0
Michael Yeager (Director Finance) $0 $0 $0
Carol List (Director) $0 $0 $0
Thomas Lord (Director) $0 $0 $0
Heather Turner (Director) $0 $0 $0
Michelle O'donnell (Director) $0 $0 $0
Roland Bullard (Director) $0 $0 $0
William Kurtz (Director) $0 $0 $0
Carol York (Treasurer) $0 $0 $0
Susan Reilly (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$807,293
Expenses
$764,843
Net Income
$42,450
Net Assets
$1,095,050
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $565,785
70.1%
Investment Income $4,787
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$4,887
Net Inventory Sales $241,608
29.9%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $156,971
20.5%
Assets/Debt
Total Assets $1,533,316
Total Liabilities $438,266
Net Assets $1,095,050
Club or Co-Op Income
Initiation Fees & Contributions $71,229
Income From Public Use of Club Facilities $35,241

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$673,224
Expenses
$656,156
Net Income
$17,068
Net Assets
$1,006,236
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $515,328
76.5%
Investment Income $4,826
0.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $153,070
22.7%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $144,198
22.0%
Assets/Debt
Total Assets $1,441,454
Total Liabilities $435,218
Net Assets $1,006,236
Club or Co-Op Income
Initiation Fees & Contributions $55,409
Income From Public Use of Club Facilities $48,770

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$614,419
Expenses
$637,619
Net Income
-$23,200
Net Assets
$980,054
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $461,370
75.1%
Investment Income $2,860
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $150,189
24.4%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $153,410
24.1%
Assets/Debt
Total Assets $1,479,514
Total Liabilities $499,460
Net Assets $980,054
Club or Co-Op Income
Initiation Fees & Contributions $49,079
Income From Public Use of Club Facilities $32,929

No Document Links

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

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$554,720
Expenses
$567,503
Net Income
-$12,783
Net Assets
$992,254
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $414,410
74.7%
Investment Income $2,664
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $137,646
24.8%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $133,138
23.5%
Assets/Debt
Total Assets $1,532,400
Total Liabilities $540,146
Net Assets $992,254
Club or Co-Op Income
Initiation Fees & Contributions $46,896
Income From Public Use of Club Facilities $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$748,562
Expenses
$700,016
Net Income
$48,546
Net Assets
$997,307
Notable Sources of Revenue Percent of Total Revenue
Contributions $6,991
0.9%
Program Services $393,906
52.6%
Investment Income $2,586
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $345,079
46.1%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $10,500
1.5%
Professional Fundraising Fees $0
Other Salaries and Wages $283,216
40.5%
Assets/Debt
Total Assets $1,525,130
Total Liabilities $527,823
Net Assets $997,307
Club or Co-Op Income
Initiation Fees & Contributions $0
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
$704,511
Expenses
$679,933
Net Income
$24,578
Net Assets
$935,012
Notable Sources of Revenue Percent of Total Revenue
Contributions $293,488
41.7%
Program Services $94,729
13.4%
Investment Income $10
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $12,225
1.7%
Sales of Assets $4,185
0.6%
Net Inventory Sales $299,872
42.6%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $114,423
16.8%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,330,751
Total Liabilities $395,739
Net Assets $935,012
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $35,844

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$698,155
Expenses
$659,472
Net Income
$38,683
Net Assets
$870,664
Notable Sources of Revenue Percent of Total Revenue
Contributions $277,258
39.7%
Program Services $93,070
13.3%
Investment Income $12
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $13,336
1.9%
Sales of Assets $112
0.0%
Net Inventory Sales $314,377
45.0%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $117,072
17.8%
Professional Fundraising Fees $0
Other Salaries and Wages $183,408
27.8%
Assets/Debt
Total Assets $1,300,189
Total Liabilities $429,525
Net Assets $870,664
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $37,184

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$683,095
Expenses
$629,467
Net Income
$53,628
Net Assets
$815,312
Notable Sources of Revenue Percent of Total Revenue
Contributions $272,104
39.8%
Program Services $95,342
14.0%
Investment Income $16
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $7,882
1.2%
Sales of Assets $1,510
0.2%
Net Inventory Sales $306,239
44.8%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $114,438
18.2%
Professional Fundraising Fees $0
Other Salaries and Wages $172,339
27.4%
Assets/Debt
Total Assets $1,274,467
Total Liabilities $459,155
Net Assets $815,312
Club or Co-Op Income
Initiation Fees & Contributions $4,000
Income From Public Use of Club Facilities $37,539

No Document Links

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

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$561,173
Expenses
$588,909
Net Income
-$27,736
Net Assets
$752,499
Notable Sources of Revenue Percent of Total Revenue
Contributions $262,205
46.7%
Program Services $76,014
13.5%
Investment Income $45
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $7,318
1.3%
Sales of Assets $0
Net Inventory Sales $215,588
38.4%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $249,553
42.4%
Assets/Debt
Total Assets $1,227,851
Total Liabilities $475,352
Net Assets $752,499
Club or Co-Op Income
Initiation Fees & Contributions $4,200
Income From Public Use of Club Facilities $26,188

Document Links

Fiscal Year Ending Dec.
2010

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$570,777
Expenses
$568,352
Net Income
$2,425
Net Assets
$734,174
Notable Sources of Revenue Percent of Total Revenue
Contributions $264,182
46.3%
Program Services $85,860
15.0%
Investment Income $64
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $13,130
2.3%
Sales of Assets $0
Net Inventory Sales $207,539
36.4%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $234,993
41.3%
Assets/Debt
Total Assets $1,243,618
Total Liabilities $509,444
Net Assets $734,174
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $0

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.
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.
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

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.

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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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