Nonprofit · EIN 38-1647249
DIAMOND ISLAND ASSN
Tax-exempt · CASSOPOLIS, MI 49031
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $216,765 | $204,335 | $12,430 | $308,659 | $65,928 | $242,731 |
| December 31, 2024 | 990-EZ | $187,157 | $163,466 | $23,691 | $301,033 | $117,058 | $183,975 |
| December 31, 2023 | 990-EZ | $167,585 | $168,644 | -$1,059 | $214,276 | $117,728 | $96,548 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $216,765
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $37,160
- Salaries, compensation and benefits (total)
- $44,266
- Professional fundraising fees
- $0
- Depreciation
- $32,776
- Program services (functional)
- $204,335
Balance sheet and other
- Total assets, start of year
- $301,034
- Total assets, end of year
- $308,659
- Total liabilities, end of year
- $65,928
- Net assets, end of year
- $242,731
- Land, buildings and equipment
- $251,201
- Gross receipts
- $216,765
- Employees
- 8
- Volunteers
- 0
- Year formed
- 1961
- State of legal domicile
- MI
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 |
|---|---|---|---|
| Jason Stabnik | President Trustee or director, Officer | 0 | $0 |
| Dean Nerad | Treasurer Trustee or director, Officer | 0 | $0 |
| VINCE COLETTA | Vice President Trustee or director, Officer | 0 | $0 |
| Lisa Marley | Secretary Institutional trustee, Officer | 0 | $0 |
990-EZ for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jason Stabnik | President | 5 | $0 |
| Lisa Marley | Secretary | 5 | $0 |
| Dean Nerad | Treasurer | 5 | $0 |
| VINCE COLETTA | Vice President | 5 | $0 |
990-EZ for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Gary Gries | President | 2 | $0 |
| Lisa Marley | Secretary | 2 | $0 |
| Dean Nerad | Treasurer | 2 | $0 |
| VINCE COLETTA | Vice President | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 21290 CARLTON DRIVE, CASSOPOLIS, MI 49031-8319
- In care of
- % TREASURER
- Principal officer (990 for 2025)
- Dean Nerad, 3900 N Claremont Ave Unit 105, Chicago, IL 60618
- Signed the 990
- DEAN NERAD, TREASURER/DIRECTOR
- Phone
- (630) 306-4940
- Website
- DIAMOND-ISLAND.COM
Mission
The Association owns a (Capital Cost, ~$421,000) lake barge and operates a barge service between April and October each season, to connect an island community of 93 homes with the mainland on Diamond Lake, Michigan.
Program accomplishments
- Operate a six-car barge ferry connecting Diamond Island with the mainland between April 1 and November 1 using a staff of 5-6 employee operators and Island volunteers.Expenses $204,335 · revenue $216,400
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-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 38-1647249
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20)
- Assets (IRS master file)
- $308,659
- Income (IRS master file)
- $216,765
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $216,765 | $204,335 | $308,659 | XML |
| 990-EZ | December 2024 | $187,157 | $163,466 | $301,033 | IRS |
| 990-EZ | December 2023 | $167,585 | $168,644 | $214,276 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-EZ | 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 38-1647249).
Questions about DIAMOND ISLAND ASSN
- What is the EIN of DIAMOND ISLAND ASSN?
- The employer identification number (EIN) of DIAMOND ISLAND ASSN is 38-1647249.
- Is DIAMOND ISLAND ASSN tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2019.
- Are donations to DIAMOND ISLAND ASSN tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does DIAMOND ISLAND ASSN 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 DIAMOND ISLAND ASSN 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 DIAMOND ISLAND ASSN 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 DIAMOND ISLAND ASSN?
- The 990 for the year ended December 31, 2025 names Dean Nerad.
- Who are the officers and directors of DIAMOND ISLAND ASSN?
- The 990 for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does DIAMOND ISLAND ASSN have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $216,765, expenses of $204,335 and total assets of $308,659 at year end.
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All nonprofits in CASSOPOLIS · Michigan · Community improvement and capacity building