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Ocean Reef 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
$654k (2025)

Expenses
$770k (2025)

Total Assets
$73.1k (2025)

Total Liabilities
$28.3k (2025)

Source: Form 990 tax filings from 2011 to 2025

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 April
2025

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$653,811
Expenses
$769,886
Net Income
-$116,075
Net Assets
$44,741
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $692,555
> 100%
Investment Income $12,945
2.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales -$51,689
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 $73,075
Total Liabilities $28,334
Net Assets $44,741
Club or Co-Op Income
Initiation Fees & Contributions $56,000
Income From Public Use of Club Facilities $0
Compensation
Key Employees and Officers Compensation Related Other
Jay Beatty (Governor) $0 $0 $0
Michael Conley (Governor) $0 $0 $0
Phyllis A Elden (Treasurer) $0 $0 $0
Bonny Gothier (Governor) $0 $0 $0
Jorge Guarch (Fleet Captai) $0 $0 $0
Chip Hillyer (Commodore) $0 $0 $0
Tom Mckenzie (Rear Commodo) $0 $0 $0
Craig Wierda (Vice Commodo) $0 $0 $0

Document Links

Fiscal Year Ending April
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$645,121
Expenses
$686,627
Net Income
-$41,506
Net Assets
$160,816
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $642,441
99.6%
Investment Income $17,031
2.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales -$14,351
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 $160,816
Total Liabilities $0
Net Assets $160,816
Club or Co-Op Income
Initiation Fees & Contributions $66,500
Income From Public Use of Club Facilities $0
Compensation
Key Employees and Officers Compensation Related Other
Jay Beatty (Governor) $0 $0 $0
Sarah Cart (Commodore) $0 $0 $0
Phyllis A Elden (Treasurer) $0 $0 $0
Bonny Gothier (Governor) $0 $0 $0
Jorge Guarch (Governor) $0 $0 $0
Chip Hillyer (Vice Commodo) $0 $0 $0
Tom Mckenzie (Fleet Captai) $0 $0 $0
Craig Wierda (Rear Commodo) $0 $0 $0

Document Links

Fiscal Year Ending April
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$606,454
Expenses
$685,390
Net Income
-$78,936
Net Assets
$202,322
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $607,486
> 100%
Investment Income $3,668
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales -$4,700
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 $209,922
Total Liabilities $7,600
Net Assets $202,322
Club or Co-Op Income
Initiation Fees & Contributions $91,000
Income From Public Use of Club Facilities $0
Compensation
Key Employees and Officers Compensation Related Other
Donald Bermant (Commodore) $0 $0 $0
Sarah Cart (Vice Commodo) $0 $0 $0
Chip Hillyer (Rear Commodo) $0 $0 $0
Craig Wierda (Fleet Captai) $0 $0 $0
Phyllis A Elden (Treasurer) $0 $0 $0
Rob Kurz (Governor) $0 $0 $0
J M Guarch (Governor) $0 $0 $0
Tom Mckenzie (Governor) $0 $0 $0

Document Links

Fiscal Year Ending April
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$643,183
Expenses
$602,227
Net Income
$40,956
Net Assets
$287,622
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $642,986
100.0%
Investment Income $197
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
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 $287,622
Total Liabilities $0
Net Assets $287,622
Club or Co-Op Income
Initiation Fees & Contributions $55,000
Income From Public Use of Club Facilities $0
Compensation
Key Employees and Officers Compensation Related Other
Tom Duderewicz (Commodore) $0 $0 $0
Don Bermant (Vice Commodo) $0 $0 $0
Sarah Cart (Rear Commodo) $0 $0 $0
Chip Hillyer (Fleet Captai) $0 $0 $0
Craig Wierda (Governor) $0 $0 $0
Rob Kurz (Governor) $0 $0 $0
Gerald Blackie (Governor) $0 $0 $0
Phyllis A Elden (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending April
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$372,725
Expenses
$402,045
Net Income
-$29,320
Net Assets
$246,666
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $371,148
99.6%
Investment Income $1,577
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
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 $246,666
Total Liabilities $0
Net Assets $246,666
Club or Co-Op Income
Initiation Fees & Contributions $45,000
Income From Public Use of Club Facilities $0
Compensation
Key Employees and Officers Compensation Related Other
Don Bermant (Rear Commodo) $0 $0 $0
Sarah Cart (Fleet Captai) $0 $0 $0
Tom Duderewicz (Vice Commod) $0 $0 $0
Phyllis A Elden (Treasurer) $0 $0 $0
Bob Garces (Commodore) $0 $0 $0
Christopher Streit (Past Commod) $0 $0 $0

Document Links

Fiscal Year Ending April
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$497,079
Expenses
$411,141
Net Income
$85,938
Net Assets
$275,986
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $493,285
99.2%
Investment Income $3,794
0.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
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 $288,736
Total Liabilities $12,750
Net Assets $275,986
Club or Co-Op Income
Initiation Fees & Contributions $40,000
Income From Public Use of Club Facilities $0
Compensation
Key Employees and Officers Compensation Related Other
Don Bermant (Fleet Captai) $0 $0 $0
Sarah Cart (Governor) $0 $0 $0
Tom Duderewicz (Rear Commodo) $0 $0 $0
Phyllis A Elden (Treasurer) $0 $0 $0
Bob Garces (Vice Commodo) $0 $0 $0
Betty Hamilton (Past Commodo) $0 $0 $0
Christopher Streit (Commodore) $0 $0 $0

Document Links

Fiscal Year Ending April
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$679,774
Expenses
$685,840
Net Income
-$6,066
Net Assets
$190,048
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $677,205
99.6%
Investment Income $2,569
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
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 $190,048
Total Liabilities $0
Net Assets $190,048
Club or Co-Op Income
Initiation Fees & Contributions $30,000
Income From Public Use of Club Facilities $0
Compensation
Key Employees and Officers Compensation Related Other
Betty Hamilton (Commodore) $0 $0 $0
Phyllis A Elden (Treasurer) $0 $0 $0
Christopher Streit (Vice Commodo) $0 $0 $0
Bob Garces (Rear Commodo) $0 $0 $0
Harold Zeigler (Governor) $0 $0 $0
Tom Duderewicz (Fleet Captai) $0 $0 $0
Sarah Cart (Governor) $0 $0 $0
Don Bermant (Governor) $0 $0 $0

Document Links

Fiscal Year Ending April
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$553,029
Expenses
$517,774
Net Income
$35,255
Net Assets
$196,114
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $552,527
99.9%
Investment Income $502
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
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 $196,114
Total Liabilities $0
Net Assets $196,114
Club or Co-Op Income
Initiation Fees & Contributions $57,500
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 April
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$598,840
Expenses
$613,461
Net Income
-$14,621
Net Assets
$160,859
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $598,488
99.9%
Investment Income $352
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
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 $160,859
Total Liabilities $0
Net Assets $160,859
Club or Co-Op Income
Initiation Fees & Contributions $22,500
Income From Public Use of Club Facilities $0
Compensation
Key Employees and Officers Compensation Related Other
Henry Stout (Vice Commodo) $0 $0 $0
Betty Hamilton (Fleet Captai) $0 $0 $0
Phyllis A Elden (Treasurer) $0 $0 $0
Christopher Streit (Governor) $0 $0 $0
Ned Ferrarone (Rear Commodo) $0 $0 $0
Gary List (Commodore) $0 $0 $0
Ken Owens (Governor) $0 $0 $0
Bob Garces (Governor) $0 $0 $0

Document Links

Fiscal Year Ending April
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$590,936
Expenses
$553,661
Net Income
$37,275
Net Assets
$175,480
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $590,656
100.0%
Investment Income $280
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
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 $175,480
Total Liabilities $0
Net Assets $175,480
Club or Co-Op Income
Initiation Fees & Contributions $18,750
Income From Public Use of Club Facilities $0
Compensation
Key Employees and Officers Compensation Related Other
Henry Stout (Vice Commodo) $0 $0 $0
Betty Hamilton (Fleet Captai) $0 $0 $0
Phyllis A Elden (Treasurer) $0 $0 $0
Christopher Streit (Governor) $0 $0 $0
Ned Ferrarone (Rear Commodo) $0 $0 $0
Gary List (Commodore) $0 $0 $0
Ken Owens (Governor) $0 $0 $0
Bob Garces (Governor) $0 $0 $0

Document Links

Fiscal Year Ending April
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$538,465
Expenses
$498,898
Net Income
$39,567
Net Assets
$138,205
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $538,153
99.9%
Investment Income $312
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
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 $138,205
Total Liabilities $0
Net Assets $138,205
Club or Co-Op Income
Initiation Fees & Contributions $22,000
Income From Public Use of Club Facilities $0
Compensation
Key Employees and Officers Compensation Related Other
Henry Stout (Rear Commodo) $0 $0 $0
Betty Hamilton (Governor) $0 $0 $0
Phyllis A Elden (Treasurer) $0 $0 $0
Raymond Jansen (Commodore) $0 $0 $0
Christopher Streit (Governor) $0 $0 $0
Ned Ferrarone (Fleet Captai) $0 $0 $0
Terry Baxter (Governor) $0 $0 $0
Gary List (Vice Commodo) $0 $0 $0

Document Links

Fiscal Year Ending April
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$363,193
Expenses
$331,909
Net Income
$31,284
Net Assets
$98,638
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $363,015
100.0%
Investment Income $178
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
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 $98,638
Total Liabilities $0
Net Assets $98,638
Club or Co-Op Income
Initiation Fees & Contributions $32,750
Income From Public Use of Club Facilities $0
Compensation
Key Employees and Officers Compensation Related Other
Henry Stout (Rear Commodo) $0 $0 $0
Betty Hamilton (Governor) $0 $0 $0
Phyllis A Elden (Treasurer) $0 $0 $0
Raymond Jansen (Commodore) $0 $0 $0
Christopher Streit (Governor) $0 $0 $0
Ned Ferrarone (Fleet Captai) $0 $0 $0
Terry Baxter (Governor) $0 $0 $0
Gary List (Vice Commodo) $0 $0 $0

Document Links

Fiscal Year Ending April
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$492,386
Expenses
$495,331
Net Income
-$2,945
Net Assets
$67,354
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $491,779
99.9%
Investment Income $607
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
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 $67,354
Total Liabilities $0
Net Assets $67,354
Club or Co-Op Income
Initiation Fees & Contributions $20,000
Income From Public Use of Club Facilities $0

Document Links

Fiscal Year Ending April
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$388,980
Expenses
$437,745
Net Income
-$48,765
Net Assets
$70,299
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $388,402
99.9%
Investment Income $578
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
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 $70,299
Total Liabilities $0
Net Assets $70,299
Club or Co-Op Income
Initiation Fees & Contributions $20,000
Income From Public Use of Club Facilities $0

Document Links

Fiscal Year Ending April
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$397,855
Expenses
$373,105
Net Income
$24,750
Net Assets
$119,064
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $397,196
99.8%
Investment Income $659
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
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 $119,064
Total Liabilities $0
Net Assets $119,064
Club or Co-Op Income
Initiation Fees & Contributions $23,000
Income From Public Use of Club Facilities $0

Document Links

Fiscal Year Ending April
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

Fiscal Year Ending April
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 April
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 April
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 April
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

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.

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 »

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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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  • 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.

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