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Ipswich Bay Yacht Club

  • Ipswich, MA
  • Tax-exempt since Feb. 1966
  • EIN: 04-6125498

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
$960k (2023)

Expenses
$812k (2023)

Total Assets
$1.84M (2023)

Total Liabilities
$0 (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
$959,621
Expenses
$812,210
Net Income
$147,411
Net Assets
$1,837,428
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $839,144
87.4%
Investment Income $21,162
2.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $99,315
10.3%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,837,428
Total Liabilities $0
Net Assets $1,837,428
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
Thomas Burgess (Commodore) $0 $0 $0
Ken Bates (Vice Commodore) $0 $0 $0
Jeff Cann (Rear Commodore) $0 $0 $0
Edward Andrew Nagus (Treasurer) $0 $0 $0
Mark Prestero (Secretary) $0 $0 $0
Paul Conboy (Membership Committee) $0 $0 $0
Ellen Clarke (Social Committie) $0 $0 $0
Melissa Stella (Communication Committee) $0 $0 $0
Paul Gilligan (Member At Large) $0 $0 $0
Jeff Blizard (Member At Large) $0 $0 $0
Charles Ruebel (Member At Large) $0 $0 $0
Jeff Bruk (Member At Large) $0 $0 $0
Richard Fates (Finacial Advisory Board) $0 $0 $0
Chris Cullinan (Finacial Advisory Board) $0 $0 $0
Greg Smith (Finacial Advisory Board) $0 $0 $0
George Koushivas (Finacial Advisory Board) $0 $0 $0
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Document Links

990
Filed on Sept. 26, 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
$841,135
Expenses
$729,764
Net Income
$111,371
Net Assets
$1,690,018
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $756,014
89.9%
Investment Income $923
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $84,198
10.0%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $295,934
40.6%
Assets/Debt
Total Assets $1,690,018
Total Liabilities $0
Net Assets $1,690,018
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
Paul Conboy (Commodore) $0 $0 $0
Thomas Burgess (Vice Commodore) $0 $0 $0
Christopher Baker (Rear Commodore) $0 $0 $0
Edward Andrew Nagus (Treasurer) $0 $0 $0
Mark Prestero (Secretary) $0 $0 $0
Melissa Stella (Communications Director) $0 $0 $0
Chuck Huntley (Member At Large) $0 $0 $0
Ken Bates (Member At Large) $0 $0 $0
Jeff Cann (Member At Large) $0 $0 $0
Jeff Bruk (Member At Large) $0 $0 $0
Jim Rataj (Membership Chair) $0 $0 $0
Ellen Clarke (Social Chair) $0 $0 $0
Herb Capron (Capital Improvemnent Committee Chair) $0 $0 $0
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Document Links

990
Filed on Nov. 13, 2023

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$779,446
Expenses
$669,257
Net Income
$110,189
Net Assets
$1,578,647
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $749,927
96.2%
Investment Income $719
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $2,019
0.3%
Net Inventory Sales $26,781
3.4%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $271,485
40.6%
Assets/Debt
Total Assets $1,599,208
Total Liabilities $20,561
Net Assets $1,578,647
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
Paul Conboy (Commodore) $0 $0 $0
Thomas Burgess (Vice Commodore) $0 $0 $0
Christopher Baker (Rear Commodore) $0 $0 $0
Edward Andrew Nagus (Treasurer) $0 $0 $0
Mark Prestero (Secretary) $0 $0 $0
Scott Goodwin (Member At Large) $0 $0 $0
Chuck Huntley (Member At Large) $0 $0 $0
Ken Bates (Member At Large) $0 $0 $0
Jeff Cann (Member At Large) $0 $0 $0
Jeff Bruk (Member At Large) $0 $0 $0
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Document Links

990
Filed on Nov. 2, 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
$743,769
Expenses
$667,695
Net Income
$76,074
Net Assets
$1,468,458
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $744,715
> 100%
Investment Income $1,491
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales -$2,437
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $302,836
45.4%
Assets/Debt
Total Assets $1,519,207
Total Liabilities $50,749
Net Assets $1,468,458
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
Mark Prestero (Secretary) $0 $0 $0
Edward Andrew Nagus (Treasurer) $0 $0 $0
Herb Capron (Co Commodore) $0 $0 $0
Richard Kuzmitski (Co Vice Commodore) $0 $0 $0
Paul Conboy (Co Commodore/Co Rear Commodore) $0 $0 $0
Scott Goodwin (Member At Large) $0 $0 $0
Chuck Huntley (Member At Large) $0 $0 $0
Ken Bates (Member At Large) $0 $0 $0
William Mccarthy (Member At Large) $0 $0 $0
Thomas Burgess (Co Vice Commodore) $0 $0 $0
Christopher Baker (Co Rear Commodore) $0 $0 $0
+ View more people

Document Links

990
Filed on Sept. 23, 2021

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

View Filing
XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$724,076
Expenses
$592,483
Net Income
$131,593
Net Assets
$1,392,384
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $580,612
80.2%
Investment Income $2,395
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $141,069
19.5%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $230,454
38.9%
Assets/Debt
Total Assets $1,477,372
Total Liabilities $84,988
Net Assets $1,392,384
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.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$652,624
Expenses
$551,753
Net Income
$100,871
Net Assets
$1,260,790
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $526,952
80.7%
Investment Income $1,516
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $123,564
18.9%
Other Revenue $592
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $205,147
37.2%
Assets/Debt
Total Assets $1,391,668
Total Liabilities $130,878
Net Assets $1,260,790
Club or Co-Op Income
Initiation Fees & Contributions $57,978
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
$590,247
Expenses
$510,856
Net Income
$79,391
Net Assets
$1,159,919
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $463,035
78.4%
Investment Income $1,490
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $125,722
21.3%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $191,216
37.4%
Assets/Debt
Total Assets $1,334,955
Total Liabilities $175,036
Net Assets $1,159,919
Club or Co-Op Income
Initiation Fees & Contributions $44,118
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 Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$613,358
Expenses
$522,583
Net Income
$90,775
Net Assets
$1,080,528
Notable Sources of Revenue Percent of Total Revenue
Contributions $350
0.1%
Program Services $500,613
81.6%
Investment Income $1,022
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $111,373
18.2%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $161,536
30.9%
Assets/Debt
Total Assets $1,298,904
Total Liabilities $218,376
Net Assets $1,080,528
Club or Co-Op Income
Initiation Fees & Contributions $77,100
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.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$591,103
Expenses
$528,325
Net Income
$62,778
Net Assets
$989,753
Notable Sources of Revenue Percent of Total Revenue
Contributions $4,421
0.7%
Program Services $458,332
77.5%
Investment Income $655
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$183
Net Inventory Sales $127,878
21.6%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $149,396
28.3%
Assets/Debt
Total Assets $1,253,204
Total Liabilities $263,451
Net Assets $989,753
Club or Co-Op Income
Initiation Fees & Contributions $43,175
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.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$488,064
Expenses
$456,463
Net Income
$31,601
Net Assets
$926,975
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $398,238
81.6%
Investment Income $569
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $89,257
18.3%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $166,733
36.5%
Assets/Debt
Total Assets $1,151,894
Total Liabilities $224,919
Net Assets $926,975
Club or Co-Op Income
Initiation Fees & Contributions $32,193
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
$502,290
Expenses
$453,707
Net Income
$48,583
Net Assets
$895,374
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $403,176
80.3%
Investment Income $582
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $98,532
19.6%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $173,710
38.3%
Assets/Debt
Total Assets $1,152,923
Total Liabilities $257,549
Net Assets $895,374
Club or Co-Op Income
Initiation Fees & Contributions $50,979
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
$447,422
Expenses
$411,048
Net Income
$36,374
Net Assets
$846,791
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $350,050
78.2%
Investment Income $1,019
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $96,353
21.5%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $145,322
35.4%
Assets/Debt
Total Assets $1,021,179
Total Liabilities $174,388
Net Assets $846,791
Club or Co-Op Income
Initiation Fees & Contributions $30,000
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
$430,587
Expenses
$391,830
Net Income
$38,757
Net Assets
$810,417
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $359,486
83.5%
Investment Income $4,678
1.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $66,423
15.4%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $153,035
39.1%
Assets/Debt
Total Assets $1,002,613
Total Liabilities $192,196
Net Assets $810,417
Club or Co-Op Income
Initiation Fees & Contributions $31,939
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

Primary 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

Primary 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

Primary 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

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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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