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Palmers Cove 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
$515k (2023)

Expenses
$549k (2023)

Total Assets
$2.06M (2023)

Total Liabilities
$571k (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
$515,336
Expenses
$548,545
Net Income
-$33,209
Net Assets
$1,492,980
Notable Sources of Revenue Percent of Total Revenue
Contributions $20,338
3.9%
Program Services $432,523
83.9%
Investment Income $29,672
5.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $30,068
5.8%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $102,517
18.7%
Assets/Debt
Total Assets $2,063,508
Total Liabilities $570,528
Net Assets $1,492,980
Club or Co-Op Income
Initiation Fees & Contributions $20,586
Income From Public Use of Club Facilities $0
Compensation
Key Employees and Officers Compensation Related Other
Richard Mourneau (Director) $0 $0 $0
Timothy Boucher (Director) $0 $0 $0
T Eric Berube (Commodore/Director) $0 $0 $0
Michael Mcmahon (Secretary/Director) $0 $0 $0
Laurence Robertie (Treasurer/Director) $0 $0 $0
Scott Fleet (Director) $0 $0 $0
James Tanch (Vice Commodore/Director) $0 $0 $0
Maura Varney (Rear Commodore/Director) $0 $0 $0
Fred Pfeil Iii (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$553,515
Expenses
$477,563
Net Income
$75,952
Net Assets
$1,526,189
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $490,916
88.7%
Investment Income $7,787
1.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $53,824
9.7%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $104,378
21.9%
Assets/Debt
Total Assets $2,031,921
Total Liabilities $505,732
Net Assets $1,526,189
Club or Co-Op Income
Initiation Fees & Contributions $178,715
Income From Public Use of Club Facilities $0
Compensation
Key Employees and Officers Compensation Related Other
Richard Mourneau (Director) $0 $0 $0
Timothy Boucher (Director) $0 $0 $0
David Bystrom (Commodore/Director) $0 $0 $0
Robert Connors (Secretary/Director) $0 $0 $0
Laurence Robertie (Treasurer/Director) $0 $0 $0
Maura Varney (Director) $0 $0 $0
T Eric Berube (Vice Commodore/Director) $0 $0 $0
James Tanch (Rear Commodore/Director) $0 $0 $0
Fred Pfeil Iii (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$505,004
Expenses
$363,648
Net Income
$141,356
Net Assets
$1,450,237
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $437,219
86.6%
Investment Income $4,417
0.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $63,173
12.5%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $85,080
23.4%
Assets/Debt
Total Assets $1,539,931
Total Liabilities $89,694
Net Assets $1,450,237
Club or Co-Op Income
Initiation Fees & Contributions $111,706
Income From Public Use of Club Facilities $0
Compensation
Key Employees and Officers Compensation Related Other
Neil Bohnwagner (Director) $0 $0 $0
Timothy Boucher (Director) $0 $0 $0
Richard Morneau (Commodore/Director) $0 $0 $0
Robert Connors (Secretary/Director) $0 $0 $0
Laurence Robertie (Treasurer/Director) $0 $0 $0
Maura Varney (Director) $0 $0 $0
David Bystrom (Vice Commodore/Director) $0 $0 $0
T Eric Berube (Rear Commodore/Director) $0 $0 $0
James Tanch (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$331,953
Expenses
$304,133
Net Income
$27,820
Net Assets
$1,308,881
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $294,806
88.8%
Investment Income $8,432
2.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $28,715
8.7%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $67,517
22.2%
Assets/Debt
Total Assets $1,425,118
Total Liabilities $116,237
Net Assets $1,308,881
Club or Co-Op Income
Initiation Fees & Contributions $22,176
Income From Public Use of Club Facilities $0
Compensation
Key Employees and Officers Compensation Related Other
Neil Bohnwagner (Director) $0 $0 $0
Eric Berube (Director) $0 $0 $0
Laurence Robertie (Commodore/Director) $0 $0 $0
Robert Connors (Secretary/Director) $0 $0 $0
W Thomas Cassano (Treasurer/Director) $0 $0 $0
Jeffrey Plouff (Director) $0 $0 $0
Richard Morneau (Vice Commodore/Director) $0 $0 $0
David Bystrom (Rear Commodore/Director) $0 $0 $0
James Tanch (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$527,470
Expenses
$387,863
Net Income
$139,607
Net Assets
$1,267,589
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $467,667
88.7%
Investment Income $5,919
1.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $52,397
9.9%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $88,788
22.9%
Assets/Debt
Total Assets $1,358,124
Total Liabilities $90,535
Net Assets $1,267,589
Club or Co-Op Income
Initiation Fees & Contributions $180,408
Income From Public Use of Club Facilities $0
Compensation
Key Employees and Officers Compensation Related Other
David Bystrom (Director) $0 $0 $0
Timothy Boucher (Director) $0 $0 $0
Robert Strasnick (Commodore/Director) $0 $0 $0
Robert Connors (Secretary/Director) $0 $0 $0
W Thomas Cassano (Treasurer/Director) $0 $0 $0
Jeffrey Plouff (Director) $0 $0 $0
Elizabeth Bryce (Vice Commodore/Director) $0 $0 $0
Richard Morneau (Rear Commodore/Director) $0 $0 $0
James Tanch (Director) $0 $0 $0

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Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$520,780
Expenses
$400,781
Net Income
$119,999
Net Assets
$1,127,477
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $439,426
84.4%
Investment Income $5,164
1.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $71,385
13.7%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $87,944
21.9%
Assets/Debt
Total Assets $1,204,901
Total Liabilities $77,424
Net Assets $1,127,477
Club or Co-Op Income
Initiation Fees & Contributions $168,425
Income From Public Use of Club Facilities $0
Compensation
Key Employees and Officers Compensation Related Other
David Bystrom (Director) $0 $0 $0
Eric Berube (Commodore/Director) $0 $0 $0
Robert Strasnick (Vice Commodore/Director) $0 $0 $0
Robert Connors (Secretary/Director) $0 $0 $0
W Thomas Cassano (Treasurer/Director) $0 $0 $0
Jeffrey Plouff (Director) $0 $0 $0
Beth Bryce (Rear Commodore/Director) $0 $0 $0
Richard Morneau (Director) $0 $0 $0
Larry Roberte (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$484,662
Expenses
$457,574
Net Income
$27,088
Net Assets
$984,497
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $416,049
85.8%
Investment Income $4,082
0.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $60,662
12.5%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $86,943
19.0%
Assets/Debt
Total Assets $1,064,480
Total Liabilities $79,983
Net Assets $984,497
Club or Co-Op Income
Initiation Fees & Contributions $161,138
Income From Public Use of Club Facilities $0
Compensation
Key Employees and Officers Compensation Related Other
Richard Morneau (Director) $0 $0 $0
Larry Robertie (Commodore/Director) $0 $0 $0
Eric Berube (Vice Commodore/Director) $0 $0 $0
Robert Connors (Secretary/Director) $0 $0 $0
W Thomas Cassano (Treasurer/Director) $0 $0 $0
Mark Sullivan (Director) $0 $0 $0
Robert Strasnick (Rear Commodore/Director) $0 $0 $0
Dana Duhaime (Director) $0 $0 $0
Jeffrey Plouff (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$547,235
Expenses
$389,122
Net Income
$158,113
Net Assets
$980,658
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $472,241
86.3%
Investment Income $2,295
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $68,181
12.5%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $83,631
21.5%
Assets/Debt
Total Assets $1,032,429
Total Liabilities $51,771
Net Assets $980,658
Club or Co-Op Income
Initiation Fees & Contributions $190,408
Income From Public Use of Club Facilities $0
Compensation
Key Employees and Officers Compensation Related Other
Richard Morneau (Commodore/Director) $0 $0 $0
Larry Robertie (Vice Commodore/Director) $0 $0 $0
Eric Berube (Rear Commodore/Director) $0 $0 $0
Robert Connors (Secretary/Director) $0 $0 $0
W Thomas Cassano (Treasurer/Director) $0 $0 $0
Mark Sullivan (Director) $0 $0 $0
Thomas Boucher (Director) $0 $0 $0
Neil Bohnwagner (Director) $0 $0 $0
Jeffrey Plouff (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$424,143
Expenses
$349,805
Net Income
$74,338
Net Assets
$815,215
Notable Sources of Revenue Percent of Total Revenue
Contributions $100,500
23.7%
Program Services $285,348
67.3%
Investment Income $2,206
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $36,089
8.5%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $80,814
23.1%
Assets/Debt
Total Assets $851,558
Total Liabilities $36,343
Net Assets $815,215
Club or Co-Op Income
Initiation Fees & Contributions $15,400
Income From Public Use of Club Facilities $0
Compensation
Key Employees and Officers Compensation Related Other
Robert Strasnick (Commodore/Director) $0 $0 $0
Richard Morneau (Vice Commodore/Director) $0 $0 $0
Larry Robertie (Rear Commodore/Director) $0 $0 $0
Robert Connors (Secretary/Director) $0 $0 $0
W Thomas Cassano (Treasurer/Director) $0 $0 $0
Mark Sullivan (Director) $0 $0 $0
Roger Boucher (Director) $0 $0 $0
Neil Bohnwagner (Director) $0 $0 $0
Eric Beriberi (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$316,388
Expenses
$359,858
Net Income
-$43,470
Net Assets
$740,434
Notable Sources of Revenue Percent of Total Revenue
Contributions $96,825
30.6%
Program Services $165,218
52.2%
Investment Income $887
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $51,267
16.2%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $76,401
21.2%
Assets/Debt
Total Assets $845,620
Total Liabilities $105,186
Net Assets $740,434
Club or Co-Op Income
Initiation Fees & Contributions $15,400
Income From Public Use of Club Facilities $0
Compensation
Key Employees and Officers Compensation Related Other
Robert Strasnick (Commodore/Director) $0 $0 $0
Richard Morneau (Vice Commodore/Director) $0 $0 $0
Larry Robertie (Rear Commodore/Director) $0 $0 $0
Robert Connors (Secretary/Director) $0 $0 $0
W Thomas Cassano (Treasurer/Director) $0 $0 $0
Mark Sullivan (Director) $0 $0 $0
Roger Boucher (Director) $0 $0 $0
Neil Bohnwagner (Director) $0 $0 $0
Eric Beriberi (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$323,418
Expenses
$338,249
Net Income
-$14,831
Net Assets
$783,904
Notable Sources of Revenue Percent of Total Revenue
Contributions $91,400
28.3%
Program Services $178,092
55.1%
Investment Income $2,243
0.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $51,221
15.8%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $68,114
20.1%
Assets/Debt
Total Assets $842,114
Total Liabilities $58,210
Net Assets $783,904
Club or Co-Op Income
Initiation Fees & Contributions $10,500
Income From Public Use of Club Facilities $0
Compensation
Key Employees and Officers Compensation Related Other
Cynthia Smiszek (Commodore/Director) $0 $0 $0
Robert Strasnick (Vice Commodore/Director) $0 $0 $0
Edward Principe (Rear Commodore/Director) $0 $0 $0
Robert Connors (Secretary/Director) $0 $0 $0
W Thomas Cassano (Treasurer/Director) $0 $0 $0
Mark Sullivan (Director) $0 $0 $0
Frank Limoli (Director) $0 $0 $0
Dan Tsoutsouras (Director) $0 $0 $0
Eric Beriberi (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$276,761
Expenses
$268,260
Net Income
$8,501
Net Assets
$842,363
Notable Sources of Revenue Percent of Total Revenue
Contributions $110,224
39.8%
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 $26,228
9.5%
Other Revenue $140,309
50.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $22,775
8.5%
Assets/Debt
Total Assets $868,029
Total Liabilities $25,666
Net Assets $842,363
Club or Co-Op Income
Initiation Fees & Contributions $11,900
Income From Public Use of Club Facilities $500

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$312,990
Expenses
$322,127
Net Income
-$9,137
Net Assets
$833,862
Notable Sources of Revenue Percent of Total Revenue
Contributions $128,519
41.1%
Program Services $0
Investment Income $3,203
1.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $19,516
6.2%
Other Revenue $161,752
51.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $26,880
8.3%
Assets/Debt
Total Assets $845,514
Total Liabilities $11,652
Net Assets $833,862
Club or Co-Op Income
Initiation Fees & Contributions $14,700
Income From Public Use of Club Facilities $300

Document Links

Fiscal Year Ending Dec.
2010

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$317,526
Expenses
$293,109
Net Income
$24,417
Net Assets
$835,353
Notable Sources of Revenue Percent of Total Revenue
Contributions $127,542
40.2%
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 $29,492
9.3%
Other Revenue $160,492
50.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $26,173
8.9%
Assets/Debt
Total Assets $845,798
Total Liabilities $10,445
Net Assets $835,353
Club or Co-Op Income
Initiation Fees & Contributions $20,402
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.
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.

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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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  • Raw filing data. Includes EINs and summary financials as structured data.
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