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Nonprofit · EIN 46-3045188

LASER CLASS ASSOCIATION INC

Also known as INTERNATIONAL LASER CLASS ASSN

Tax-exempt · AUSTIN, TX 78765

Financials

$2.2M$2.2M2023$2.4M$2.3M2024
Revenue Expenses · by fiscal year end
Financials of LASER CLASS ASSOCIATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$2,416,029$2,286,928$129,101$2,592,184$1,254,012$1,338,172
December 31, 2023990$2,209,523$2,245,846-$36,323$2,380,669$1,175,669$1,205,000
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$144,628
Membership dues
$144,628
Program service revenue
$2,141,790
Investment income
$23,680
Royalties
$139,517
Net income from sales of inventory
-$33,586
Other revenue
$105,931

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
$18,433
Accounting fees
$6,500
Occupancy
$30,954
Travel
$50,256
Program services (functional)
$1,742,966
Management and general (functional)
$543,962

Balance sheet and other

Total assets, start of year
$2,380,669
Total assets, end of year
$2,592,184
Total liabilities, end of year
$1,254,012
Net assets, end of year
$1,338,172
Gross receipts
$2,468,277
Employees
0
Volunteers
500
Year formed
2013
State of legal domicile
TX

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
Tracy UsherPresident
Trustee or director, Officer
10$0
Jean-Luc MichonWorld Council Member
Trustee or director
5$0
Ryan MinthWorld Council Member
Trustee or director
5$0
Ken HurlingWorld Council Member
Trustee or director
5$0
Aileen LooWorld Council Member
Trustee or director
5$0
Mark LyttleVice President
Trustee or director, Officer
5$0
Carlos PalomboWorld Council Member
Trustee or director
5$0
Takao OtaniWorld Council Member
Trustee or director
5$0
Nick PageTreasurer
Trustee or director, Officer
5$0
Eric FaustExecutive Secretary
Officer
40$0
990 for the year ended December 31, 2023: 10 people
NameTitleHours / weekCompensation
Tracy UsherPresident
Trustee or director, Officer
10$0
Jean-Luc MichonWorld Council Member
Trustee or director
5$0
Ryan MinthWorld Council Member
Trustee or director
5$0
Ken HurlingWorld Council Member
Trustee or director
2$0
Aileen LooWorld Council Member
Trustee or director
5$0
Mark LyttleVice President
Trustee or director, Officer
5$0
Carlos PalomboWorld Council Member
Trustee or director
5$0
Takao OtaniWorld Council Member
Trustee or director
2$0
Eric FaustExecutive Secretary
Officer
40$0
Nick PageTreasurer
Key employee
5$0

Address and contacts

Address (IRS master file)
PO BOX 49250, AUSTIN, TX 78765-9250
Principal officer (990 for 2024)
Mark Lyttle, PO Box 49250, Austin, TX 78765
Signed the 990
Eric Faust, Executive Secretary
Phone
(512) 270-6727

Mission

To foster national and international amateur athletic competition in the sport of sailing ILCA class sailboats, including conducting national and international sports competitions for Olympic athletes and athletes seeking to qualify for the Olympic Games. To ensure the strict "one-design" nature of the ILCA class sailboat and foster communication among the organization's members.

990 for the year ended December 31, 2024

Program accomplishments

  • Organization and Management of Sailing Competitions -- Scheduled, organized, and managed seven world championship sailing competitions serving over 1400 athletes from over 110 countries. Competitions included Olympic qualification events for men and women and three age-specific events (youth and masters). Provided equitable entry process services utilizing custom-built web applications to assure equal access to events for all countries in accordance with the Olympic Charter. Arranged over 80 volunteer race officials, international judges, and measurers to support events. Provided on site support and oversaw the conduct of all racing and equipment inspections.
    Expenses $991,433 · revenue $1,359,370
  • Equipment Certification -- Ensured the principles of equality and fair play through the certification of sailing equipment to be used in competition. Carried out inspections and audits of all equipment manufacturers to ensure compliance with rules and building specifications. Carried out equipment inspections on-site at events to ensure all equipment meets rules and manufacturing requirements. Oversaw and managed updates and change register for the technical building specifications documents. Trained and certified six new volunteer measurers and equipment inspectors for use in future events.
    Expenses $536,248 · revenue $782,420
  • Media and Publications -- Facilitated communication with athletes around the world by publishing news and information on websites and social media reaching over 500,000 people worldwide. Handled media and press coverage for sailing competitions for all World Championships. Managed and updated social media and website with current news and information about ILCA sailing events. Published annual handbook with rules and regulations to inform athletes of compliance requirements and assure fair and equal competition at events worldwide.
    Expenses $215,285

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
46-3045188
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
2015
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$2,592,184
Income (IRS master file)
$2,468,277

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$2,416,029$2,286,928$2,592,184XML
990December 2023$2,209,523$2,245,846$2,380,669XML
990December 2022$2,085,191$2,002,528$1,638,931IRS
990December 2021–––IRS
990December 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 46-3045188).

Questions about LASER CLASS ASSOCIATION INC

What is the EIN of LASER CLASS ASSOCIATION INC?
The employer identification number (EIN) of LASER CLASS ASSOCIATION INC is 46-3045188.
Is LASER CLASS ASSOCIATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
Are donations to LASER CLASS ASSOCIATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does LASER CLASS 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 LASER CLASS 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 LASER CLASS 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 LASER CLASS ASSOCIATION INC?
The 990 for the year ended December 31, 2024 names Mark Lyttle.
Who are the officers and directors of LASER CLASS ASSOCIATION INC?
The 990 for the year ended December 31, 2024 lists 10 people; 0 received compensation from the organization.
How much revenue does LASER CLASS ASSOCIATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $2,416,029, expenses of $2,286,928 and total assets of $2,592,184 at year end.

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