Nonprofit · EIN 87-3826938
WLCC FOUNDATION INC
Tax-exempt · PETOSKEY, MI 49770
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $174,942 | $111,712 | $63,230 | $401,233 | $0 | $401,233 |
| December 31, 2024 | 990-EZ | $87,513 | $76,129 | $11,384 | $338,003 | $0 | $338,003 |
| December 31, 2023 | 990-EZ | $77,249 | $58,274 | $18,975 | $326,619 | $0 | $326,619 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $155,450
- Investment income
- $19,492
Expenses
- Grants and similar amounts paid
- $102,500
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $3,883
- Occupancy
- $574
- Other expenses
- $4,755
- Program services (functional)
- $9,212
Balance sheet and other
- Total assets, start of year
- $338,003
- Total assets, end of year
- $401,233
- Total liabilities, end of year
- $0
- Net assets, end of year
- $401,233
- Cash, savings and investments
- $401,233
- Gross receipts
- $174,942
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TERRY GRAESSLE | PRESIDENT | 1 | $0 |
| KAREN MULLIGAN | VICE PRESIDENT | 1 | $0 |
| THOMAS BALAMES | SECRETARY | 1 | $0 |
| DANIEL VAN VOORHIS | TREASURER | 1 | $0 |
990-EZ for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TERRY GRAESSLE | PRESIDENT | 1 | $0 |
| KAREN MULLIGAN | VICE PRESIDENT | 1 | $0 |
| THOMAS BALAMES | SECRETARY | 1 | $0 |
| DANIEL VAN VOORHIS | TREASURER | 1 | $0 |
990-EZ for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TERRY GRAESSLE | PRESIDENT | 1 | $0 |
| KAREN MULLIGAN | VICE PRESIDENT | 1 | $0 |
| THOMAS BALAMES | SECRETARY | 1 | $0 |
| DANIEL VAN VOORHIS | TREASURER | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 5995 COUNTRY CLUB SHRS, PETOSKEY, MI 49770-9422
- In care of
- % HARRY DIXON
- Mailing address (990-N for 2022)
- 410 East Lake Street Suite 200, Petoskey MI 49770
- Principal officer (990-N for 2022)
- Robert F Boesiger, 410 East Lake Street Suite 200, Petoskey MI 49770
- Signed the 990-EZ
- TERRY GRAESSLE, PRESIDENT
- Phone
- (231) 203-3474
- Return prepared by
- DGN LLC
Mission
1)TO PROVIDE FINANCIAL ASSISTANCE AND NEED-BASED SCHOLARSHIPS TO WALLOON LAKE COUNTRY CLUB EMPLOYEES AND THEIR CHILDREN AND GRANDCHILDREN.2)TO PROVIDE FINANCIAL ASSISTANCE FOR THE BEAUTIFICATION AND MAINTENANCE OF THE PUBLIC LAND, EGRESSES, AND SURROUNDING AREAS ADJACENT TO THE CLUB IN WALLOON LAKE, MICHIGAN.
Program accomplishments
- 1)TO PROVIDE FINANCIAL ASSISTANCE AND NEED-BASED SCHOLARSHIPS TO WALLOON LAKE COUNTRY CLUB EMPLOYEES AND THEIR CHILDREN AND GRANDCHILDREN.2)TO PROVIDE FINANCIAL ASSISTANCE FOR THE BEAUTIFICATION AND MAINTENANCE OF THE PUBLIC LAND, EGRESSES, AND SURROUNDING AREAS ADJACENT TO THE CLUB IN WALLOON LAKE, MICHIGAN.Expenses $9,212 · grants $102,500
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-EZ 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
- 87-3826938
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B12)
- Assets (IRS master file)
- $401,233
- Income (IRS master file)
- $174,942
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $174,942 | $111,712 | $401,233 | XML |
| 990-EZ | December 2024 | $87,513 | $76,129 | $338,003 | IRS |
| 990-EZ | December 2023 | $77,249 | $58,274 | $326,619 | XML |
| 990-N for 2022 Officer: Robert F Boesiger | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990 | December 2022 | – | – | – | 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 87-3826938).
Questions about WLCC FOUNDATION INC
- What is the EIN of WLCC FOUNDATION INC?
- The employer identification number (EIN) of WLCC FOUNDATION INC is 87-3826938.
- Is WLCC FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to WLCC FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WLCC FOUNDATION 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 WLCC FOUNDATION 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 WLCC FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who is the principal officer of WLCC FOUNDATION INC?
- The 990-N for 2022 names Robert F Boesiger.
- Who are the officers and directors of WLCC FOUNDATION INC?
- The 990-EZ for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does WLCC FOUNDATION INC have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $174,942, expenses of $111,712 and total assets of $401,233 at year end.
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