Nonprofit · EIN 34-1780342
LAKE COUNTY YACHT CLUB INC
Tax-exempt · MENTOR, OH 44061
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $309,721 | $283,085 | $26,636 | $551,630 | $461,844 | $89,786 |
| December 31, 2024 | 990 | $299,320 | $291,964 | $7,356 | $560,534 | $497,384 | $63,150 |
| December 31, 2023 | 990 (amended) | $300,017 | $289,682 | $10,335 | $586,462 | $530,668 | $55,794 |
| December 31, 2022 | 990 (amended) | $270,552 | $281,696 | -$11,144 | $604,300 | $558,841 | $45,459 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $298,701
- Membership dues
- $275,714
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $11,020
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $1,116
- Accounting fees
- $1,245
- Occupancy
- $100,784
- Depreciation
- $43,808
Balance sheet and other
- Total assets, start of year
- $560,534
- Total assets, end of year
- $551,630
- Total liabilities, end of year
- $461,844
- Net assets, end of year
- $89,786
- Land, buildings and equipment
- $468,221
- Gross receipts
- $309,721
- Employees
- 0
- Year formed
- 1965
- State of legal domicile
- OH
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 |
|---|---|---|---|
| KEN KOSTELNIK | TRUSTEE Trustee or director | 4 | $0 |
| BOB PALMER | TRUSTEE Trustee or director | 4 | $0 |
| BOB SCHWEISS | TRUSTEE Trustee or director | 4 | $0 |
| GEFF TURCHON | TRUSTEE Trustee or director | 4 | $0 |
| STEVE LEGAT | TRUSTEE Trustee or director | 4 | $0 |
| JOE PRUCEY | COMMODORE Officer | 4 | $0 |
| ROBERT DRAGOLIC | ADVISOR Officer | 6 | $0 |
| ELLIE CHALKO | SECRETARY Officer | 6 | $0 |
| RAY KOETH | TREASURER Officer, Highest-paid employee | 6 | $0 |
990 for the year ended December 31, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KEN KOSTELNIK | TRUSTEE Trustee or director | 4 | $0 |
| BOB PALMER | TRUSTEE Trustee or director | 4 | $0 |
| JOHN KROMAR | TRUSTEE Trustee or director | 4 | $0 |
| BRIAN WOLFE | TRUSTEE Trustee or director | 4 | $0 |
| STEVE LEGAT | TRUSTEE Trustee or director | 4 | $0 |
| MATT MORAN | ADVISOR Officer | 4 | $0 |
| ROBERT DRAGOLIC | COMMODORE Officer | 6 | $0 |
| KYLE REESE | SECRETARY Officer | 6 | $0 |
| RAY KOETH | TREASURER Officer, Highest-paid employee | 6 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KEN KOSTELNIK | TRUSTEE Trustee or director | 4 | $0 |
| BOB PALMER | TRUSTEE Trustee or director | 4 | $0 |
| JOHN KROMAR | TRUSTEE Trustee or director | 4 | $0 |
| BRIAN WOLFE | TRUSTEE Trustee or director | 4 | $0 |
| PHIL FRIEDEL | TRUSTEE Trustee or director | 4 | $0 |
| PC CHRIS CHALKO | ADVISOR Officer | 4 | $0 |
| ROBERT DRAGOLIC | COMMODORE Officer | 6 | $0 |
| KYLE REESE | SECRETARY Officer | 6 | $0 |
| RAY KOETH | TREASURER Officer, Highest-paid employee | 6 | $0 |
990 for the year ended December 31, 2022: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KYLE REESE | TRUSTEE Trustee or director | 4 | $0 |
| BOB PALMER | TRUSTEE Trustee or director | 4 | $0 |
| JOHN KROMAR | TRUSTEE Trustee or director | 4 | $0 |
| RAY KOETH | TRUSTEE Trustee or director | 4 | $0 |
| PHIL FRIEDEL | TRUSTEE Trustee or director | 4 | $0 |
| PC REBECCA SCAFFIDE | TRUSTEE Officer | 4 | $0 |
| CHRIS CHALKO | COMMODORE Officer | 6 | $0 |
| KATHY THOMAS | SECRETARY Officer | 6 | $0 |
| KEITH BOOTH | TREASURER Officer, Highest-paid employee | 6 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 5005, MENTOR, OH 44061-5005
- Principal officer (990 for 2025)
- RAY KOETH, 201 MARILYN LANE, Eastlake, OH 44095
- Signed the 990
- RAY KOETH, TREASURER
- Phone
- (440) 376-9174
- Website
- WWW.LCYCOHIO.COM
- Return prepared by
- J Kromar & Associates
Mission
Provide general informationto members relating to government boating regulations Provide informationrelating to care and maintenance of boats Promote boating safety, Encourage sociobility among the boating community.
Program accomplishments
- N/A
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
- 34-1780342
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1995
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $551,630
- Income (IRS master file)
- $309,721
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $309,721 | $283,085 | $551,630 | XML |
| 990 | December 2024 | $299,320 | $291,964 | $560,534 | XML |
| 990 | December 2023 | $300,017 | $289,682 | $586,462 | XML |
| 990 | December 2022 | $270,552 | $281,696 | $604,300 | XML |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 34-1780342).
Questions about LAKE COUNTY YACHT CLUB INC
- What is the EIN of LAKE COUNTY YACHT CLUB INC?
- The employer identification number (EIN) of LAKE COUNTY YACHT CLUB INC is 34-1780342.
- Is LAKE COUNTY YACHT CLUB INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1995.
- Are donations to LAKE COUNTY YACHT CLUB INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does LAKE COUNTY 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 LAKE COUNTY YACHT CLUB INC 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 COUNTY YACHT CLUB INC 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 COUNTY YACHT CLUB INC?
- The 990 for the year ended December 31, 2025 names RAY KOETH.
- Who are the officers and directors of LAKE COUNTY YACHT CLUB INC?
- The 990 for the year ended December 31, 2025 lists 9 people; 0 received compensation from the organization.
- How much revenue does LAKE COUNTY YACHT CLUB INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $309,721, expenses of $283,085 and total assets of $551,630 at year end.
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