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SOUTHERN YACHT CLUB OF NEW ORLEANS

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Public IRS 990 nonprofit record

SOUTHERN YACHT CLUB OF NEW ORLEANS

EIN 72-0323180 · Recreation & Sports (N)

What they do

to PROMOTE THE SPORT of SAILING. THE CLUB PROVIDES FACILITIES for STORING and MAINTAINING BOATS and BOATING EQUIPMENT. THE CLUB PROVIDES INSTRUCTION IN THE SCIENCE of SAILING and RACING. IT SPONSORS REGATTAS and EVENTS to ENCOURAGE PARTICIPATION IN SAILING. THE CLUB ALSO PROVIDES ITS CLUBHOUSE FACILITIES to FOSTER SOCIAL INTERACTION.

Before you give

Should I give to this charity?

Easy charity check
We do not have enough spending detail

Basic public information is available, but it is not enough to judge how well donations are used. Ask the charity for a current spending breakdown and results.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders14 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

$75.51spent for every $100 of revenueRevenue covered expenses this year.
$3.52in assets for every $1 spent this yearSome assets cannot be spent right away.
39.2%of its money came from giftsOther money may come from services or investments.

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  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $240,775 for EDWARD GASKELL III (GENERAL MANAGER). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

Money in and money out

Revenue$7,812,739
Expenses$5,899,643
Annual surplus $1,913,096 Revenue was higher than expenses for this filing year.
See all reported dollar amounts
Revenue$7,812,739
Expenses$5,899,643
Assets$20,760,322
Income$8,789,602
Contributions$3,064,330
Accounting fees$16,400
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
EDWARD GASKELL IIIGENERAL MANAGER · 40 hrs/week $240,775Base $222,646 · Other $18,129
CHRISTIAN ROSSITEXECUTIVE CHEF · 40 hrs/week $124,380Base $115,656 · Other $8,724

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (14)

EDWARD GASKELL IIIGENERAL MANAGER

CHRISTIAN ROSSITEXECUTIVE CHEF

ANNE DAVIDBOARD MEMBER

CHARLES A MEADEBOARD MEMBER

DAN SULLIVANBOARD MEMBER

GENE SIMONBOARD MEMBER

HARRY G BARKERDINGBOARD MEMBER

JAMES R SANCHEZ JRVICE COMMODORE

JOHN L MOSS JRBOARD MEMBER

NATHAN P ADAMS IIIREAR COMMODORE

PETER GAMBELBOARD MEMBER

ROBERT D FRIENDBOARD MEMBER

TIMOTHY B MOLONY MDCOMMODORE

WM CHRISTIAN GAMBEL JRSECRETARY/TREASURER

About this charity

Recognized since
January 1942
Location
105 N ROADWAY ST, NEW ORLEANS, LA 70124-1633
County
Orleans
In care of
% MANDY SOLOMON
Primary officer
ED GASKELL, GENERAL MANAGER

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
January 1, 2024
Return type
990
Tax preparer
ERICKSEN KRENTEL LLP
NTEE classification
Recreation & Sports (N)
IRS tax category
Recreation & Sports

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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