Ipswich Bay Yacht Club

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

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Type of Nonprofit

Designated as a 501(c)(7) Social and recreational clubs.

Donations to this organization are not tax deductible.

Revenue

$841k (2022)

Expenses

$730k (2022)

Total Assets

$1.69M (2022)

Total Liabilities

$0 (2022)

Source: Form 990 tax filings from 2011 to 2022

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.
2022

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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990

Filed on Nov. 13, 2023

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

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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990

Filed on Nov. 2, 2022

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2020

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

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990

Filed on Sept. 23, 2021

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2019

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

990

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

PDF

Fiscal Year Ending Dec.
2018

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

990

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

PDF

Fiscal Year Ending Dec.
2017

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

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

Fiscal Year Ending Dec.
2016

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

990

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

PDF

Fiscal Year Ending Dec.
2015

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

990

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

PDF

Fiscal Year Ending Dec.
2014

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

990

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

PDF

Fiscal Year Ending Dec.
2013

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

990

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

PDF

Fiscal Year Ending Dec.
2012

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

990

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

PDF

Fiscal Year Ending Dec.
2011

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

990

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

PDF

Fiscal Year Ending Dec.
2010

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990

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

PDF

Fiscal Year Ending Dec.
2009

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990

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

PDF

Fiscal Year Ending Dec.
2008

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990

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

PDF

Fiscal Year Ending Dec.
2007

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990

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

PDF

Fiscal Year Ending Dec.
2006

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990

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

PDF

Fiscal Year Ending Dec.
2005

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990

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

PDF

Fiscal Year Ending Dec.
2004

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

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.

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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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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.
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Updated September 24, 2024

Ipswich Bay Yacht Club

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $841k (2022)

Expenses $730k (2022)

Total Assets $1.69M (2022)

Total Liabilities $0 (2022)

Tax Filings by Year

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

No Document Links

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2011

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2010

No Extracted Financial Data

Document Links

990

Fiscal Year Ending Dec. 2009

No Extracted Financial Data

Document Links

990

Fiscal Year Ending Dec. 2008

Revenue

$841k (2022)

Expenses

$730k (2022)

Total Assets

$1.69M (2022)

Total Liabilities

$0 (2022)

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004