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EIN 56-1377052

Figure Eight Island Yacht Club

IRS 501(c) type
501(c)(7)
Num. employees
125
City
Wilmington
State
North Carolina
Year formed
1983
Most recent tax filings
2023-09-01
NTEE code, primary
N50: Recreational, Pleasure, or Social Club
Description
Figure Eight Island Yacht Club operates as a private social club, providing recreational and social facilities for its members such as swimming, tennis, boat slip rentals, dining and social activities. The club exists solely for the benefit of its members, with all revenue and expenses being used towards that exempt purpose.
Total revenues
$5,407,481
2023
20192020202120222023$3m$5m
Total expenses
$5,836,945
2023
20192020202120222023$3m$5m
Total assets
$7,512,451
2023
20192020202120222023$7.2m$8m
Num. employees
125
2023
201920202021202220230100200

Program areas at Figure Eight Island Yacht Club

Figure Eight Island Yacht Club is an exempt social Club existing solely for the benefit of its members. All revenue and expenses are used for that exempt purpose.

Personnel at Figure Eight Island Yacht Club

NameTitleCompensation
Peter GushanasGM and Chief Operating Officer$197,495
Paula DurantAccounting Manager$103,010
Craig LabrecheChef and Chef Asst.$123,800
Pam EdmondsSecretary$0
Abney BoxleyVice President$0
...and 9 more key personnel

Financials for Figure Eight Island Yacht Club

RevenuesFYE 09/2023
Total grants, contributions, etc.$0
Program services$4,799,442
Investment income and dividends$54,093
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$481,713
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$72,151
Miscellaneous revenues$82
Total revenues$5,407,481

Form 990s for Figure Eight Island Yacht Club

Fiscal year endingDate received by IRSFormPDF link
2023-092024-07-26990View PDF
2022-092023-07-27990View PDF
2021-092022-08-12990View PDF
2020-092021-08-13990View PDF
2019-092020-10-09990View PDF
...and 9 more Form 990s

Organizations like Figure Eight Island Yacht Club

OrganizationLocationRevenue
Monarch Bay Golf ClubDana Point, CA$2,556,308
The Corsicana Country ClubCorsicana, TX$1,353,941
Highland Meadows Golf ClubSylvania, OH$3,621,852
Pleasant Valley Country ClubLittle Rock, AR$13,567,349
Burlington Golf ClubBurlington, IA$1,852,707
Woodburn Estates and GolfWoodburn, OR$2,046,986
Fargo Country ClubFargo, ND$4,575,761
Moundbuilders Country Club CompanyNewark, OH$2,147,312
Ogden Country ClubOgden, UT$5,004,318
Wilderness Country ClubNaples, FL$6,645,621
Data update history
September 26, 2024
Posted financials
Added Form 990 for fiscal year 2023
August 26, 2023
Posted financials
Added Form 990 for fiscal year 2022
August 24, 2023
Updated personnel
Identified 1 new personnel
August 22, 2023
Posted financials
Added Form 990 for fiscal year 2021
August 21, 2023
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Recreational clubs
Issues
Human servicesSports
Characteristics
State / local level
General information
Address
15 Bridge Rd
Wilmington, NC 28411
Metro area
Wilmington, NC
County
New Hanover County, NC
Website URL
f8iyc.com/ 
Phone
(910) 686-0631
IRS details
EIN
56-1377052
Fiscal year end
September
Taxreturn type
Form 990
Year formed
1983
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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