Civic Intelligence

Marblehead Yacht Club Inc

EIN 04-2222212 • 501(c)7 • Marblehead, MA

Profile

Provide launch service, club house, social events and classes on boating

PO Box 943Marblehead, MA 01945

marbleheadyc.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

66th percentile

0.01x

Higher debt load relative to assets than 66% of similar nonprofits.

501(c)7 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

64th percentile

0.01x

Higher debt load relative to revenue than 64% of similar nonprofits.

501(c)7 • <$500k nonprofits • Source year 2024

Net Margin

27th percentile

-6.7%

Higher net margin than 27% of similar nonprofits.

501(c)7 • <$500k nonprofits • Source year 2024

Top Officer Pay

95th percentile

$1,212

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 0.3% of source-year revenue.

501(c)7 • <$500k nonprofits • Source year 2024

Asset Growth

26th percentile

-13%

Faster asset growth than 26% of similar nonprofits.

501(c)7 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

58th percentile

5.3%

Faster revenue growth than 58% of similar nonprofits.

501(c)7 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Down

$206,389

Down $30,081 (-13%) from 2023

Liabilities

Down

$2,445

Down $3,314 (-58%) from 2023

Net Assets

Down

$203,944

Down $26,767 (-12%) from 2023

Revenue

Up

$400,267

Up $20,302 (+5.3%) from 2023

Expenses

Up

$427,033

Up $48,223 (+13%) from 2023

Net Income

Down

-$26,766

Down $27,921 (-2417%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300K$200K$100K$0Assets 2009: $228,331Liabilities 2009: $0Net Assets 2009: $228,3312009Assets 2011: $162,851Liabilities 2011: $5,914Net Assets 2011: $156,9372011Assets 2012: $182,703Liabilities 2012: $10,675Net Assets 2012: $172,0282012Assets 2013: $186,922Liabilities 2013: $9,343Net Assets 2013: $177,5792013Assets 2014: $206,101Liabilities 2014: $10,440Net Assets 2014: $195,6612014Assets 2015: $221,939Liabilities 2015: $12,786Net Assets 2015: $209,1532015Assets 2016: $219,609Liabilities 2016: $9,844Net Assets 2016: $209,7652016Assets 2017: $270,147Liabilities 2017: $41,402Net Assets 2017: $228,7452017Assets 2018: $233,655Liabilities 2018: $7,128Net Assets 2018: $226,5272018Assets 2019: $258,124Liabilities 2019: $23,238Net Assets 2019: $234,8862019Assets 2020: $269,815Liabilities 2020: $34,850Net Assets 2020: $234,9652020Assets 2021: $276,593Liabilities 2021: $16,700Net Assets 2021: $259,8932021Assets 2022: $254,763Liabilities 2022: $25,208Net Assets 2022: $229,5552022Assets 2023: $236,470Liabilities 2023: $5,759Net Assets 2023: $230,7112023Assets 2024: $206,389Liabilities 2024: $2,445Net Assets 2024: $203,9442024

Highlighted filing

2024

Assets$206,389
Liabilities$2,445
Net Assets$203,944

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KRevenue 2009: $212,891Expenses 2009: $232,158Net Income 2009: -$19,2672009Revenue 2011: $233,089Expenses 2011: $223,197Net Income 2011: $9,8922011Revenue 2012: $262,017Expenses 2012: $245,596Net Income 2012: $16,4212012Revenue 2013: $260,221Expenses 2013: $243,662Net Income 2013: $16,5592013Revenue 2014: $282,524Expenses 2014: $254,270Net Income 2014: $28,2542014Revenue 2015: $269,872Expenses 2015: $272,783Net Income 2015: -$2,9112015Revenue 2016: $294,717Expenses 2016: $295,107Net Income 2016: -$3902016Revenue 2017: $299,399Expenses 2017: $280,131Net Income 2017: $19,2682017Revenue 2018: $308,737Expenses 2018: $310,955Net Income 2018: -$2,2182018Revenue 2019: $332,839Expenses 2019: $324,480Net Income 2019: $8,3592019Revenue 2020: $335,206Expenses 2020: $335,127Net Income 2020: $792020Revenue 2021: $348,469Expenses 2021: $323,541Net Income 2021: $24,9282021Revenue 2022: $349,156Expenses 2022: $362,813Net Income 2022: -$13,6572022Revenue 2023: $379,965Expenses 2023: $378,810Net Income 2023: $1,1552023Revenue 2024: $400,267Expenses 2024: $427,033Net Income 2024: -$26,7662024

Highlighted filing

2024

Revenue$400,267
Expenses$427,033
Net Income-$26,766

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.06$0.02$2.04$4.00$4.27$0.27
2023Detailed filing. Detailed filing data is available for this year.$2.36$0.06$2.31$3.80$3.79$0.01
2022Detailed filing. Detailed filing data is available for this year.$2.55$0.25$2.30$3.49$3.63$0.14
2021Detailed filing. Detailed filing data is available for this year.$2.77$0.17$2.60$3.48$3.24$0.25
2020Detailed filing. Detailed filing data is available for this year.$2.70$0.35$2.35$3.35$3.35$0.00
2019Detailed filing. Detailed filing data is available for this year.$2.58$0.23$2.35$3.33$3.24$0.08
2018Summary only. Only limited summary data is available for this year.$2.34$0.07$2.27$3.09$3.11$0.02
2017Summary only. Only limited summary data is available for this year.$2.70$0.41$2.29$2.99$2.80$0.19
2016Summary only. Only limited summary data is available for this year.$2.20$0.10$2.10$2.95$2.95$0.00
2015Summary only. Only limited summary data is available for this year.$2.22$0.13$2.09$2.70$2.73$0.03
2014Summary only. Only limited summary data is available for this year.$2.06$0.10$1.96$2.83$2.54$0.28
2013Summary only. Only limited summary data is available for this year.$1.87$0.09$1.78$2.60$2.44$0.17
2012Summary only. Only limited summary data is available for this year.$1.83$0.11$1.72$2.62$2.46$0.16
2011Summary only. Only limited summary data is available for this year.$1.63$0.06$1.57$2.33$2.23$0.10
2009Summary only. Only limited summary data is available for this year.$2.28$0.00$2.28$2.13$2.32$0.19
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Sep 17, 2025
Return Version
2024v5.2
Gross Receipts
$400,267
Mission and Program Overview

Mission

Provide launch service, club house, social events and classes on boating

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$92,499$88,354▼ $4,145
Land, Buildings, and Equipment, Net$51,904$64,216▲ $12,312
Cash and Non-Interest-Bearing Accounts$92,067$53,819▼ $38,248
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$236,470$206,389▼ $30,081
Liabilities
Accounts Payable and Accrued Expenses$5,759$2,445▼ $3,314
Total Liabilities$5,759$2,445▼ $3,314
Net Assets / Fund Balance
Total Net Assets Fund Balance$230,711$203,944▼ $26,767
Total Liabilities and Net Assets / Fund Balance$236,470$206,389▼ $30,081

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$64,216$127,554$191,770
Compensation and Service Providers

Employees

NameTitleOtherTotal
David WilliamsDirector$1,212$1,212

Board Members and Trustees

NameTitle
David WeberPresident
David WalkerVice President
Thomas HarneyVice President
Andrew GarnitzDirector
Jane ClaytonDirector
Marcel NyffeneggerDirector
Mary LandryDirector
Neil MccannClerk
Neal CohenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$353,776
Program Service Revenue
$43,822
Investment Income
$2,669
Other Revenue
$0
All Other Contributions
$7,294
Change in Net Assets
$-26,766
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$243,317
Salaries, Compensation, and Employee Benefits$183,716
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$166,451--$166,451
All Other Expenses$37,283--$37,283
Other Expenses$17,868--$17,868
Payroll Taxes$17,265--$17,265
Office Expenses$15,622--$15,622
Depreciation Depletion$8,407--$8,407
Total Functional Expenses$427,033$0$0$427,033
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The organization has members

Form 990, Part VI, Section A, Line 7A

The members have the power to elect the governing body

Form 990, Part VI, Section B, Line 11B

The treasurer provides copies to the directors for review prior to filing.

Form 990, Part VI, Section B, Line 12C

The conflict of interest policy is reviewed annually by the board.

Form 990, Part VI, Section C, Line 19

Governing documents are available upon request to the treasurer

Filing and Contact Details

Filer

Filer Name
Marblehead Yacht Club Inc
EIN
04-2222212
Phone
7816319771
Address
PO BOX 943, MARBLEHEAD, MA 01945

Signing Officer

Name
Neal J Cohen
Title
Treasurer
Phone
7816319771
Signed
2025-09-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Neal J Cohen
Formed
1878
Legal Domicile
Ma
Voting Board Members
9
Independent Board Members
9
Employees
14
Volunteers
0

Preparer

Firm
Gauthier & Company Cpas Inc
Address
7 ESSEX GREEN DRIVE SUITE 51, PEABODY, MA 01960-2920
Preparer
Bradley R Gauthier
Phone
9785310024
Raw XML Appendix363 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ReconcilationRevenueExpnssAmt0-26766
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt092499
IRS990/SavingsAndTempCashInvstGrp/EOYAmt088354
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt064216
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0127554
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0191770
IRS990ScheduleD/TotalBookValueLandBuildingsAmt064216
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MEMBERS HAVE THE POWER TO ELECT THE GOVERNING BODY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE TREASURER PROVIDES COPIES TO THE DIRECTORS FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST TO THE TREASURER
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0236470
IRS990/TotalAssetsEOYAmt0206389
IRS990/TotalAssetsGrp/BOYAmt0236470
IRS990/TotalAssetsGrp/EOYAmt0206389
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0353776
IRS990/TotalEmployeeCnt014
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0427033
IRS990/TotalFunctionalExpensesGrp/TotalAmt0427033
IRS990/TotalGrossUBIAmt01977
IRS990/TotalLiabilitiesBOYAmt05759
IRS990/TotalLiabilitiesEOYAmt02445
IRS990/TotalLiabilitiesGrp/BOYAmt05759
IRS990/TotalLiabilitiesGrp/EOYAmt02445
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0230711
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0203944
IRS990/TotalOtherCompensationAmt01212
IRS990/TotalOtherProgSrvcExpenseAmt0427033
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt024455
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt024455
IRS990/TotalProgramServiceExpensesAmt0427033
IRS990/TotalProgramServiceRevenueAmt043822
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt044514
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0400267
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt01977
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0236470
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0206389
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt04 CLIFF STREET
IRS990/USAddress/CityNm0MARBLEHEAD
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd001945
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0MARBLEHEADYC.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0NEAL J COHEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum07816319771
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-09-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MARBLEHEAD YACHT CLUB INC
ReturnHeader/Filer/BusinessNameControlTxt0MARB
ReturnHeader/Filer/EIN0042222212
ReturnHeader/Filer/PhoneNum07816319771
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 943
ReturnHeader/Filer/USAddress/CityNm0MARBLEHEAD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd001945
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0042996529
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GAUTHIER & COMPANY CPAS INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07 ESSEX GREEN DRIVE SUITE 51
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PEABODY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0019602920
ReturnHeader/PreparerPersonGrp/PhoneNum09785310024
ReturnHeader/PreparerPersonGrp/PreparationDt02025-09-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRADLEY R GAUTHIER
ReturnHeader/ReturnTs02025-09-17T15:37:39-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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