Nonprofit · EIN 31-0896393
LEATHERLIPS YACHT CLUB INC
Tax-exempt · POWELL, OH 43065
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $163,022 | $140,524 | $22,498 | $378,377 | $4,546 | $373,831 |
| December 31, 2023 | 990-EZ | $161,956 | $154,412 | $7,544 | $358,106 | $4,770 | $353,334 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,674
- Membership dues
- $80,324
- Program service revenue
- $77,237
- Investment income
- $3,457
- Other revenue
- $330
Expenses
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $49,137
- Occupancy
- $40,945
- Printing, publications and postage
- $53
- Other expenses
- $50,389
Balance sheet and other
- Total assets, start of year
- $358,105
- Total assets, end of year
- $378,377
- Total liabilities, end of year
- $4,546
- Net assets, end of year
- $373,831
- Cash, savings and investments
- $279,259
- Land and buildings
- $89,536
- Gross receipts
- $163,022
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-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Robert White | Commodore | 20 | $0 |
| Matt Pitsenbarger | Vice Commodore | 10 | $0 |
| Warren Watkins | Rear Commodore | 10 | $0 |
| Susan Fawcett | Treasurer | 15 | $0 |
| Joe Hunt | Member at Large | 5 | $0 |
| Dick Bartz | Member at Large | 5 | $0 |
| Matt Mandry | Immediate Past Commodore | 2 | $0 |
| Sam Trost | Fleet Captain | 10 | $0 |
| Carolyn Tanner | Secretary | 15 | $0 |
990-EZ for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Matt Mandry | Commodore | 20 | $0 |
| Robert White | Vice Commodore | 10 | $0 |
| Matt Pittsenbarger | Rear Commodore | 10 | $0 |
| Warren Watkins | Fleet Captain | 10 | $0 |
| Carolyn Tanner | Secretary | 11 | $0 |
| Dick Bartz | Member at Large | 5 | $0 |
| Joe Hunt | Member at Large | 5 | $0 |
| Dennis McIntyre | Treasurer | 15 | $0 |
| Patti Nussle | Past Commodore | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 9230 SHAWNEE TRL, POWELL, OH 43065-5012
- In care of
- % PETER POLITES TREASURER
- Signed the 990-EZ
- Susan Fawcett, Treasurer
- Phone
- (614) 889-8997
- Website
- www.leatherlips.com
- Return prepared by
- WEALTHSTONE TAX ADVISORS
Mission
To provide the necessary facilities for sailing enthusiasts to participate in pleasure sailing, provide learn to sail activities for children and adults, and to conduct, promote and participate in local and national sailboat racing events with a focus on safety.
Program accomplishments
- Sports Competitions Programs; Hosted and provided safety equipment for 49 sailing races from May through October for members and guests; In addition, there were 11 regattas: Each regatta is a minimum of 3 races. The Laser fleet also held 120 races on Tuesday nights throughout the sailing season. A Junior Racing Team was active with 12 children and 4 adult coaches. The racing team practiced weekly and attended regattas. A high school Sailing Team was active for the 4th year with 17 spring participants and 19 fall participants, and 3 coaches. (Some students participated in both) They practiced weekly and participated in regattas. Non-racing recreational boating activity by members in their sailboats, kayaks and rowing shells also is a significant activity, but participation levels are not recorded or tracked.
- Boating Programs: Provided sailing instruction to 154 students (children and adults) in the Sailing School program. Various sizes of club owned boats were used to accomodate a wide variety of skill and age. Many students were first time sailors.
- Leisure, Recreational and Safety Activities: Our social activites during the year included 4 picnics following holiday club regattas. There were 28 Friday night potlucks, a commodore's reception, and 2 work parties. Our annual awards banquet took place in January. Our Racing and Safety Chairman provided classes to members on how to serve on race committees and boat safety. The Junior race team offered a boat wash to raise funds so that they could attend regattas and pay their coach. A CPR course was held in November and a US Sailing Level 1 Instructor course was held in May.
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 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 31-0896393
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1976
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $378,377
- Income (IRS master file)
- $163,022
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $163,022 | $140,524 | $378,377 | XML |
| 990-EZ | December 2023 | $161,956 | $154,412 | $358,106 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | 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 31-0896393).
Questions about LEATHERLIPS YACHT CLUB INC
- What is the EIN of LEATHERLIPS YACHT CLUB INC?
- The employer identification number (EIN) of LEATHERLIPS YACHT CLUB INC is 31-0896393.
- Is LEATHERLIPS YACHT CLUB INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1976.
- Are donations to LEATHERLIPS YACHT CLUB INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does LEATHERLIPS YACHT CLUB INC 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 LEATHERLIPS YACHT CLUB INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LEATHERLIPS YACHT CLUB INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who are the officers and directors of LEATHERLIPS YACHT CLUB INC?
- The 990-EZ for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
- How much revenue does LEATHERLIPS YACHT CLUB INC have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $163,022, expenses of $140,524 and total assets of $378,377 at year end.
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