EIN 21-0625526

Toms River Yacht Club

IRS 501(c) type
501(c)(7)
Num. employees
43
Year formed
1871
Most recent tax filings
2022-12-01
Description
Toms River Yacht Club aims to provide recreation facilities for adults and junior sailing as well as dining facilities for its members. Formed in 1871, the club hosts sailboat races throughout the year for different classes of sailboats. It also allows several schools in the area to use their facilities. Members can enjoy dining facilities and even host parties for guests. In addition, the club provides meeting spaces free of charge to many non-profit organizations.
Total revenues
$1,222,514
2022
Total expenses
$1,181,242
2022
Total assets
$3,203,756
2022
Num. employees
43
2022

Program areas at Toms River Yacht Club

The Club has dining facilities for its members. The facility is available for parties for members and guests. Several dinners will be held in conjuction with regattas. The Club makes its facilities available (on a non-fee basis) for meetings to many non-profit groups, such as the BBYRA, NJ State Boating Commission, Island Heights Sailing Foundation and other yacht clubs in the area.
Toms River Yacht Club holds a Club liquor license. The Club sells beverages to its members and guests. Sales are made at social events and after sailing regattas.
Toms River Yacht Club was formed in 1871 to support sailboat racing. The Club conducts races throughout the year for many different classes of sailboats. The club also permits Ocean County College and Kean College and several High Schools in the area to use the facility and grounds for their teams 7 months out of the year. The Club also conducts an 8 week Junior Sailing Program each year for members and guests. The Club hosts regattas and events for several non-profit organizations, such as US Sailing, Ocean County College, Kean College and BBYRA junior sailing & senior sailing programs.

Who funds Toms River Yacht Club

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Sailing Foundation of Barnegat BayFor Construction of Sailing Center$433,954

Personnel at Toms River Yacht Club

NameTitleCompensation
William WarnerTreasurer$7,500
Mary CoghlanManager$57,782
George BurgerCommodore$0
Mandie RhodesVice Commodore$0
Mike PaccioneFleet Captain$0
...and 3 more key personnel

Financials for Toms River Yacht Club

RevenuesFYE 12/2022
Total grants, contributions, etc.$643,604
Program services$423,908
Investment income and dividends$21,782
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$60,728
Net gain from sale of non-inventory assets$17,607
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$54,885
Miscellaneous revenues$0
Total revenues$1,222,514

Form 990s for Toms River Yacht Club

Fiscal year endingDate received by IRSFormPDF link
2022-122023-06-09990View PDF
2021-122022-05-18990View PDF
2020-122021-06-24990View PDF
2019-122021-04-01990OView PDF
2018-122019-03-25990OView PDF
...and 7 more Form 990s

Organizations like Toms River Yacht Club

OrganizationLocationRevenue
Crystal Lake Country ClubCrystal Lake, IL$3,840,480
Mathews Yacht ClubMathews, VA$408,534
The Greeley Country ClubGreeley, CO$861,406
Youngstown Yacht ClubYoungstown, NY$907,404
Newport Country ClubNewport, RI$3,485,070
Biltmore Country ClubNorth Barrington, IL$5,681,513
New Bedford Yacht ClubSouth Dartmouth, MA$2,159,932
Buffalo Yacht ClubBuffalo, NY$1,876,845
Highland Golf and Country ClubIndianapolis, IN$4,502,163
Rhode Island Yacht ClubCranston, RI$612,330
Data update history
July 25, 2023
Updated personnel
Identified 4 new personnel
May 26, 2023
Received grants
Identified 1 new grant, including a grant for $433,954 from Sailing Foundation of Barnegat Bay
August 13, 2022
Posted financials
Added Form 990 for fiscal year 2020
August 2, 2022
Updated personnel
Identified 4 new personnel
August 2, 2022
Used new vendors
Identified 2 new vendors, including , and
Nonprofit Types
Recreational clubsHeadquarter / parent organizations
Issues
Human services
Characteristics
MembershipsState / local level
General information
Address
1464 Riviera
Toms River, NJ 08753
Metro area
New York-Newark-Jersey City, NY-NJ-PA
Website URL
tryc.com/ 
Phone
(732) 929-0888
IRS details
EIN
21-0625526
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1871
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
N50: Recreational, Pleasure, or Social Club
NAICS code, primary
713910: Golf Courses and Country Clubs
Parent/child status
Independent
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