Nonprofit · EIN 03-0135975
LAKE CHAMPLAIN YACHT CLUB
Tax-exempt · SHELBURNE, VT 05482
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $343,870 | $326,852 | $17,018 | $856,119 | $148,341 | $707,778 |
| December 31, 2024 | 990 | $333,162 | $285,576 | $47,586 | $704,355 | $12,186 | $692,169 |
| December 31, 2023 | 990 | $272,522 | $269,350 | $3,172 | $647,545 | $3,264 | $644,281 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $226,705
- Membership dues
- $226,705
- Program service revenue
- $108,605
- Investment income
- $8,560
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $72,135
- Salaries, compensation and benefits (total)
- $79,501
- Professional fundraising fees
- $0
- Occupancy
- $25,818
- Depreciation
- $55,209
- Program services (functional)
- $326,852
Balance sheet and other
- Total assets, start of year
- $704,355
- Total assets, end of year
- $856,119
- Total liabilities, end of year
- $148,341
- Net assets, end of year
- $707,778
- Land, buildings and equipment
- $760,484
- Net assets without donor restrictions
- $707,778
- Gross unrelated business income
- $8,560
- Gross receipts
- $343,870
- Employees
- 15
- Volunteers
- 180
- Year formed
- 1887
- State of legal domicile
- VT
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| John Stetson | Commodore Officer | 10 | $0 |
| Thomas A Porter | Treasurer Officer | 5 | $0 |
| Amy Caldwell | Secretary Officer | 5 | $0 |
| Ben Durant | Vice Commodore Officer | 3 | $0 |
| Kevin Hawko | Rear Commodore Officer | 3 | $0 |
| Erik Filkorn | Stewards Chair Trustee or director | 3 | $0 |
| Robert Finn | Boats Chair Trustee or director | 3 | $0 |
| Doug Hamilton | Harbor Master Trustee or director | 3 | $0 |
| Gene Cloutier | Docks Chair Trustee or director | 3 | $0 |
990 for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jill Gagne | Commodore Officer | 5 | $0 |
| Thomas A Porter | Treasurer Officer | 3 | $0 |
| Amy Caldwell | Secretary Officer | 3 | $0 |
| Ben Durant | Vice Commodore Officer | 3 | $0 |
| Kevin Hawko | Rear Commodore Officer | 3 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jill Gagne | Commodore Officer | 5 | $0 |
| Jay Heaslip | Treasurer Officer | 3 | $0 |
| Betsey Dempsey | Secretary Officer | 3 | $0 |
| John Stetson | Vice Commodore Officer | 3 | $0 |
| Gene Cloutier | Rear Commodore Officer | 3 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 411, SHELBURNE, VT 05482-0411
- In care of
- % THOMAS A PORTER TREASURER
- Principal officer (990 for 2025)
- John Stetson, 411 BARSTOW RD, SHELBURNE, VT 05482
- Signed the 990
- Thomas, Porter
- Phone
- (802) 922-0557
- Website
- lcyc.info
Mission
To promote sailboat racing and facilitate general boating activities on Lake Champlain including providing a junior sailing camp.
Program accomplishments
- Collect membership fees club administrationExpenses $230,203
- Provide moorings & stewards for membersExpenses $49,379
- Provide sailing lessonsExpenses $34,749
- RacingExpenses $19,493 · revenue $12,521
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 03-0135975
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1968
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $856,119
- Income (IRS master file)
- $343,870
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $343,870 | $326,852 | $856,119 | XML |
| 990 | December 2024 | $333,162 | $285,576 | $704,355 | XML |
| 990 | December 2023 | $272,522 | $269,350 | $647,545 | XML |
| 990 | December 2022 | $260,842 | $256,051 | $647,203 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 03-0135975).
Questions about LAKE CHAMPLAIN YACHT CLUB
- What is the EIN of LAKE CHAMPLAIN YACHT CLUB?
- The employer identification number (EIN) of LAKE CHAMPLAIN YACHT CLUB is 03-0135975.
- Is LAKE CHAMPLAIN YACHT CLUB tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1968.
- Are donations to LAKE CHAMPLAIN YACHT CLUB tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does LAKE CHAMPLAIN YACHT CLUB file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LAKE CHAMPLAIN YACHT CLUB due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LAKE CHAMPLAIN YACHT CLUB last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of LAKE CHAMPLAIN YACHT CLUB?
- The 990 for the year ended December 31, 2025 names John Stetson.
- Who are the officers and directors of LAKE CHAMPLAIN YACHT CLUB?
- The 990 for the year ended December 31, 2025 lists 9 people; 0 received compensation from the organization.
- How much revenue does LAKE CHAMPLAIN YACHT CLUB have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $343,870, expenses of $326,852 and total assets of $856,119 at year end.
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