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Bald Head Island Yacht Club

Organization summary

Type of Nonprofit

Designated as a Social and recreational clubs.

Category: Recreation, Sports, Leisure, Athletics / Recreational, Pleasure, or Social Club (NTEE)

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
$574k (2023)

Expenses
$441k (2023)

Total Assets
$2.61M (2023)

Total Liabilities
$283k (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
$574,055
Expenses
$441,261
Net Income
$132,794
Net Assets
$2,328,754
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $569,492
99.2%
Investment Income $444
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $4,119
0.7%
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 $2,611,441
Total Liabilities $282,687
Net Assets $2,328,754
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $23,097
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Vance S Johnson (Director) $0 $0 $0
George Lynn Derrick Jr (Director) $0 $0 $0
John F Munroe (Director) $0 $0 $0
Kristin M Henson (Secretary/Tr) $0 $0 $0
T Steve Henson (Commodore) $0 $0 $0
Alan H Norton (Vice Commodo) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$544,474
Expenses
$437,369
Net Income
$107,105
Net Assets
$2,195,959
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $544,792
> 100%
Investment Income $715
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income -$2,170
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $1,137
0.2%
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 $2,559,172
Total Liabilities $363,213
Net Assets $2,195,959
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $16,210
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
George Lynn Derrick (Director) $0 $0 $0
Vance Johnson (Director) $0 $0 $0
John Munroe (Director) $0 $0 $0
Scott Ingersoll (Director) $0 $0 $0
Alan H Norton (Vice Commodore) $0 $0 $0
Thomas Steve Henson (Commodore) $0 $0 $0
Kristin C Henson (Sectreasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$498,600
Expenses
$356,208
Net Income
$142,392
Net Assets
$2,088,854
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $498,612
> 100%
Investment Income $1,538
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income -$2,310
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $760
0.2%
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 $2,440,689
Total Liabilities $351,835
Net Assets $2,088,854
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $17,459
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Scott Ingersoll (Director) $0 $0 $0
Vance Johnson (Director) $0 $0 $0
John Munroe (Director) $0 $0 $0
Alan H Norton (Director) $0 $0 $0
Thomas Steve Henson (Commodore) $0 $0 $0
Kristin C Henson (Sectreasurer) $0 $0 $0
Darryl Early (Vice Commodore) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$497,284
Expenses
$319,674
Net Income
$177,610
Net Assets
$1,943,812
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $496,340
99.8%
Investment Income $3,044
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income -$2,243
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $143
0.0%
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 $2,220,287
Total Liabilities $276,475
Net Assets $1,943,812
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $15,082
Compensation
Key Employees and Officers Compensation Related Other
Scott Ingersoll (Director) $0 $0 $0
Vance Johnson (Director) $0 $0 $0
John Munroe (Director) $0 $0 $0
Alan H Norton (Director) $0 $0 $0
Steve Henson (Commodore) $0 $0 $0
Kristen C Henson (Sectreasurer) $0 $0 $0
Darryl Early (Vice Commodore) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$485,962
Expenses
$363,317
Net Income
$122,645
Net Assets
$1,766,202
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $490,761
> 100%
Investment Income $3,558
0.7%
Bond Proceeds $0
Royalties $0
Rental Property Income -$10,762
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $2,405
0.5%
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 $2,046,054
Total Liabilities $279,852
Net Assets $1,766,202
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $16,784
Compensation
Key Employees and Officers Compensation Related Other
Alan H Norton (Director) $0 $0 $0
Darryl Early (Director) $0 $0 $0
George Horton (Director) $0 $0 $0
Robert Helgesen (Director) $0 $0 $0
Steve Henson (Commodore) $0 $0 $0
Joyce C Fulton (Sectreasurer) $0 $0 $0
Scott Ingersoll (Vice Commodore) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$488,242
Expenses
$289,033
Net Income
$199,209
Net Assets
$1,643,557
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $482,415
98.8%
Investment Income $2,053
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $3,774
0.8%
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 $1,931,941
Total Liabilities $288,384
Net Assets $1,643,557
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $23,757
Compensation
Key Employees and Officers Compensation Related Other
Alan H Norton (Director) $0 $0 $0
Darryl Early (Director) $0 $0 $0
George Horton (Director) $0 $0 $0
Robert Helgesen (Director) $0 $0 $0
Steve Henson (Commodore) $0 $0 $0
Joyce C Fulton (Sectreasurer) $0 $0 $0
Scott Ingersoll (Vice Commodore) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$480,507
Expenses
$296,700
Net Income
$183,807
Net Assets
$1,444,348
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $472,036
98.2%
Investment Income $2,741
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $5,730
1.2%
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 $1,716,064
Total Liabilities $271,716
Net Assets $1,444,348
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$508,291
Expenses
$255,207
Net Income
$253,084
Net Assets
$1,260,717
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $486,471
95.7%
Investment Income $1,056
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $20,764
4.1%
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 $1,816,517
Total Liabilities $555,800
Net Assets $1,260,717
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $23,368
Compensation
Key Employees and Officers Compensation Related Other
Alan H Norton (Director) $0 $0 $0
Scott Ingersoll (Director) $0 $0 $0
Steve Henson (Vice Commodore) $0 $0 $0
Joyce C Fulton (Sectreasurer) $0 $0 $0
Robert H Helgesen (Commodore) $0 $0 $0
Ann Diggs Herman (Cpa) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$440,832
Expenses
$752,453
Net Income
-$311,621
Net Assets
$1,007,633
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $444,398
> 100%
Investment Income $1,997
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income -$5,563
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 $1,957,845
Total Liabilities $950,212
Net Assets $1,007,633
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $33,493
Compensation
Key Employees and Officers Compensation Related Other
Alan H Norton (Director) $0 $0 $0
Scott Ingersoll (Director) $0 $0 $0
Steve Henson (Vice Commodore) $0 $0 $0
Joyce C Fulton (Sectreasurer) $0 $0 $0
Robert H Helgesen (Commodore) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$411,013
Expenses
$495,010
Net Income
-$83,997
Net Assets
$1,319,254
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $412,267
> 100%
Investment Income $1,949
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income -$3,203
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 $2,431,700
Total Liabilities $1,112,446
Net Assets $1,319,254
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $31,233
Compensation
Key Employees and Officers Compensation Related Other
Alan H Norton (Director) $0 $0 $0
Steve T Henson (Director) $0 $0 $0
Jay Walker (Vice Commodore) $0 $0 $0
Joyce C Fulton (Sectreasurer) $0 $0 $0
Robert H Helgesen (Commodore) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$372,229
Expenses
$529,465
Net Income
-$157,236
Net Assets
$1,403,251
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $378,048
> 100%
Investment Income $2,399
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income -$8,218
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 $2,352,090
Total Liabilities $948,839
Net Assets $1,403,251
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $24,125
Compensation
Key Employees and Officers Compensation Related Other
Jay Walker (Vice Commodore) $0 $0 $0
Steve T Henson (Director) $0 $0 $0
Alan H Norton (Director) $0 $0 $0
Joyce C Fulton (Sectreasurer) $0 $0 $0
Robert H Helgesen (Commodore) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$383,868
Expenses
$328,488
Net Income
$55,380
Net Assets
$1,560,487
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $376,481
98.1%
Investment Income $5,265
1.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $2,122
0.6%
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 $2,322,498
Total Liabilities $762,011
Net Assets $1,560,487
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $19,916

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$410,373
Expenses
$284,186
Net Income
$126,187
Net Assets
$1,505,107
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $392,207
95.6%
Investment Income $13,868
3.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $4,298
1.0%
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 $2,278,526
Total Liabilities $773,419
Net Assets $1,505,107
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $21,644

Document Links

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

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.
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.

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.

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