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Nonprofit · EIN 39-1083870

INLAND LAKE YACHTING ASSOCIATION INC

Tax-exempt · EAST TROY, WI 53120

Financials

$728K$818K2023$420K$465K2024
Revenue Expenses · by fiscal year end
Financials of INLAND LAKE YACHTING ASSOCIATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$419,563$465,282-$45,719$187,718$39,378$148,340
December 31, 2023990$727,912$817,892-$89,980$232,861$38,802$194,059
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$158,531
Program service revenue
$257,798
Investment income
$2,868
Other revenue
$366

Expenses

Grants and similar amounts paid
$171,521
Other salaries and wages
$52,000
Salaries, compensation and benefits (total)
$57,095
Professional fundraising fees
$0
Travel
$1,338
Program services (functional)
$438,682
Management and general (functional)
$26,600

Balance sheet and other

Total assets, start of year
$232,861
Total assets, end of year
$187,718
Total liabilities, end of year
$39,378
Net assets, end of year
$148,340
Net assets without donor restrictions
$118,075
Net assets with donor restrictions
$30,265
Gross receipts
$419,563
Employees
1
Volunteers
50
Year formed
1957
State of legal domicile
WI

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, 2024, highest compensation first.

NameTitleHours / weekCompensation
LEE ALNESPAST COMMODO
Trustee or director, Officer
0.5$0
TODD HAINESCOMMODORE
Trustee or director, Officer
0.5$0
CHARLES LAMPHEREVICE COMMODO
Trustee or director, Officer
0.5$0
TED ROLFSSECRETARY
Trustee or director, Officer
0.5$0
CHRIS JEWETTDIRECTOR AT
Trustee or director
0.25$0
THOMAS FREYTAGASCOW REPRES
Trustee or director
0.25$0
MARK TESARTREASURER
Trustee or director, Officer
0.25$0
MICHAEL BARRC SCOW REP
Trustee or director
0.25$0
MICHELE HEINZEDIRECTOR AT
Trustee or director
0.25$0
THOMAS CASTLEE SCOW REPRE
Trustee or director
0.25$0
CHRIS KUBICEKMC REPRESENT
Trustee or director
0.25$0
LINDSAY VALASEKDIRECTOR AT
Trustee or director
0.25$0
DR BILL LIEBERDIRECTOR AT
Trustee or director
0.25$0
JOHN PORTERDIRECTOR AT
Trustee or director
0.25$0
STACY KEANEIOD REPRESEN
Trustee or director
0.25$0
5 more people on this return
NameTitleHours / weekCompensation
LOU MORGANX BOAT REPRE
Trustee or director
0.25$0
TIM REGANMELGES 15 RE
Trustee or director
0.25$0
BRIGID WILKENINGDIRECTOR AT
Trustee or director
0.25$0
DAVID BERGEXECUTIVE DI
Officer
40$0
SEAN WAGNERDIRECTOR AT
Trustee or director
0.25$0
990 for the year ended December 31, 2023: 20 people
NameTitleHours / weekCompensation
LEE ALNESPAST COMMODO
Trustee or director, Officer
–$0
TODD HAINESCOMMODORE
Trustee or director, Officer
–$0
CHARLES LAMPHEREVICE COMMODO
Trustee or director, Officer
–$0
TED ROLFSSECRETARY/TR
Trustee or director, Officer
–$0
CHRIS JEWETTDIRECTOR AT
Trustee or director
–$0
THOMAS FREYTAGASCOW REPRES
Trustee or director
–$0
MARK TESARDIRECTOR AT
Trustee or director
–$0
MICHAEL BARRC SCOW REP
Trustee or director
–$0
MICHELE HEINZEDIRECTOR AT
Trustee or director
–$0
THOMAS CASTLEE SCOW REPRE
Trustee or director
–$0
CHRIS KUBICEKMC REPRESENT
Trustee or director
–$0
LINDSAY VALASEKDIRECTOR AT
Trustee or director
–$0
DR BILL LIEBERDIRECTOR AT
Trustee or director
–$0
JOHN PORTERDIRECTOR AT
Trustee or director
–$0
STACY KEANEIOD REPRESEN
Trustee or director
–$0
LOU MORGANX BOAT REPRE
Trustee or director
–$0
TIM REGANMELGES 15 RE
Trustee or director
–$0
BRIGID WILKENINGDIRECTOR AT
Trustee or director
–$0
DAVID BERGEXECUTIVE DI
Officer
–$0
SEAN WAGNERDIRECTOR AT
Trustee or director
–$0

Address and contacts

Address (IRS master file)
PO BOX 662, EAST TROY, WI 53120-0662
In care of
% INLAND LAKE YACHTING ASSOCIATION
Principal officer (990 for 2024)
TODD HAINES, W330S3000 COUNTY ROAD G, DOUSMAN, WI 53118
Signed the 990
MARK TESAR, TREASURER
Phone
(847) 675-6434
Website
ILYA.ORG
Return prepared by
TAXMAN 2

Mission

TO ENCOURAGE, DEVELOP, PROMOTE AND FOSTER AMATEUR YACHTING AND YACHT RACING ON THE INLAND LAKES OF THE MIDWEST OF THE UNITED STATES.

990 for the year ended December 31, 2024

Program accomplishments

  • PUBLICIZE, CO-ORGANIZE AND CO-HOST COMPETITIVE SAILING EVENTS AND JUNIOR TRAINING EVENTS IN THE MIDWEST USA.
    Expenses $213,348 · revenue $185,194
  • PROVIDE GRANTS TO AMATEUR SAILING TEAMS COMPETING IN OR TO QUALIFY IN OLYMPIC SAILING EVENTS OR OTHER NATIONAL OR INTERNATIONAL COMPETITION, AND PROVIDE GRANTS TO SAILING SCHOOLS TO HELP FOSTER JUNIOR SAILING COMPETITION.
    Expenses $173,334 · grants $171,521
  • UNRELATED PUBLICATION REVENUE
    Expenses $52,000

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
39-1083870
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1984
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$187,718
Income (IRS master file)
$419,563

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$419,563$465,282$187,718XML
990December 2023$727,912$817,892$232,861XML
990December 2022$609,524$437,884$327,010IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––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 39-1083870).

Questions about INLAND LAKE YACHTING ASSOCIATION INC

What is the EIN of INLAND LAKE YACHTING ASSOCIATION INC?
The employer identification number (EIN) of INLAND LAKE YACHTING ASSOCIATION INC is 39-1083870.
Is INLAND LAKE YACHTING ASSOCIATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1984.
Are donations to INLAND LAKE YACHTING ASSOCIATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does INLAND LAKE YACHTING ASSOCIATION 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 INLAND LAKE YACHTING ASSOCIATION 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 INLAND LAKE YACHTING ASSOCIATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of INLAND LAKE YACHTING ASSOCIATION INC?
The 990 for the year ended December 31, 2024 names TODD HAINES.
Who are the officers and directors of INLAND LAKE YACHTING ASSOCIATION INC?
The 990 for the year ended December 31, 2024 lists 20 people; 0 received compensation from the organization.
How much revenue does INLAND LAKE YACHTING ASSOCIATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $419,563, expenses of $465,282 and total assets of $187,718 at year end.

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