Nonprofit · EIN 27-1035675
LAUDERDALE YACHT CLUB SAILING FOUNDATION INC
Tax-exempt · FT LAUDERDALE, FL 33316
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| April 30, 2025 | 990 | $407,411 | $279,006 | $128,405 | $1,009,083 | $0 | $1,009,083 |
| April 30, 2024 | 990 | $171,644 | $211,936 | -$40,292 | $906,776 | $0 | $906,776 |
| April 30, 2023 | 990 | $223,107 | $125,247 | $97,860 | $909,060 | $0 | $909,060 |
Financial details: 990 for the year ended April 30, 2025
Revenue
- Contributions, gifts and grants
- $235,589
- Program service revenue
- $0
- Investment income
- $49,285
- Net gain from sales of assets
- $3,837
- Net income from fundraising events
- $122,537
- Other revenue
- $122,537
Expenses
- Grants and similar amounts paid
- $118,262
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $6,000
- Program services (functional)
- $263,895
- Management and general (functional)
- $15,111
Balance sheet and other
- Total assets, start of year
- $906,776
- Total assets, end of year
- $1,009,083
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,009,083
- Publicly traded securities
- $744,823
- Net assets without donor restrictions
- $1,009,083
- Gross receipts
- $569,060
- Employees
- 0
- Volunteers
- 30
- Year formed
- 2009
- State of legal domicile
- FL
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 April 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| AUSTIN PAYNE | ASST. TREASURER Trustee or director, Officer | 0 | $0 |
| GREG BELLOWS | DIRECTOR Trustee or director | 0 | $0 |
| KARL RYDER | DIRECTOR Trustee or director | 0 | $0 |
| BUZZ SMITH | DIRECTOR Trustee or director | 0 | $0 |
| MALCOLM FARREL | VICE CHAIRMAN Trustee or director, Officer | 0 | $0 |
| ROBIN MEAGHER | DIRECTOR Trustee or director | 0 | $0 |
| DENNY ST ROMAIN | DIRECTOR Trustee or director | 0 | $0 |
| BETH RIELLY | CHAIRMAN Trustee or director, Officer | 0 | $0 |
| CHRISTINE FANCHI | ASST. SECRETARY Trustee or director, Officer | 0 | $0 |
| NICK PEIRSON | TREASURER Trustee or director, Officer | 0 | $0 |
| DAVID RULIEN | DIRECTOR Trustee or director | 0 | $0 |
| MIKE RUTLEDGE | ASST. LEGAL OFFICER Trustee or director, Officer | 0 | $0 |
| PETER COMMETTE | LEGAL OFFICER Trustee or director, Officer | 0 | $0 |
| BETH WELKER | SECRETARY Trustee or director, Officer | 0 | $0 |
| MIKE BONDURANT | DIRECTOR Trustee or director | 0 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| VILHELM ROBERTS | DIRECTOR Trustee or director | 0 | $0 |
| NIKI CURRY-HILL | DIRECTOR Trustee or director | 0 | $0 |
| STEPHANIE TOOTHAKER | DIRECTOR Trustee or director | 0 | $0 |
| LYNNE AGNESE | COR. SECRETARY Trustee or director, Officer | 0 | $0 |
| JOHN KELLY | DIRECTOR Trustee or director | 0 | $0 |
| JOHNNY MANN | DIRECTOR Trustee or director | 0 | $0 |
990 for the year ended April 30, 2024: 21 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Austin Payne | Asst. Treasurer Trustee or director, Officer | 0 | $0 |
| Greg Bellows | Director Trustee or director | 0 | $0 |
| Karl Ryder | Director Trustee or director | 0 | $0 |
| Buzz Smith | Director Trustee or director | 0 | $0 |
| Malcolm Farrel | Vice Chairman Trustee or director, Officer | 0 | $0 |
| Robin Meagher | Director Trustee or director | 0 | $0 |
| Denny St Romain | Director Trustee or director | 0 | $0 |
| Beth Rielly | Chairman Trustee or director, Officer | 0 | $0 |
| Christine Fanchi | Asst. Secretary Trustee or director, Officer | 0 | $0 |
| Nick Peirson | Treasurer Trustee or director, Officer | 0 | $0 |
| David Rulien | Director Trustee or director | 0 | $0 |
| Mike Rutledge | Asst. Legal Off Trustee or director, Officer | 0 | $0 |
| Peter Commette | Legal Officer Trustee or director, Officer | 0 | $0 |
| Beth Welker | Secretary Trustee or director, Officer | 0 | $0 |
| Mike Bondurant | Director Trustee or director | 0 | $0 |
| Vilhelm Roberts | Director Trustee or director | 0 | $0 |
| Niki Curry-Hill | Director Trustee or director | 0 | $0 |
| Stephanie Toothaker | Director Trustee or director | 0 | $0 |
| Lynne Agnese | Cor. Secretary Trustee or director, Officer | 0 | $0 |
| John Kelly | Director Trustee or director | 0 | $0 |
| Johnny Mann | Director Trustee or director | 0 | $0 |
990 for the year ended April 30, 2023: 17 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Angelo Golemi | Asst. Treasurer Trustee or director | 0 | $0 |
| Greg Bellows | Director Trustee or director | 0 | $0 |
| Lee Patterson | Marketing Trustee or director | 0 | $0 |
| Andrew Mescaloto | Director Trustee or director | 0 | $0 |
| Malcolm Farrel | Director Trustee or director | 0 | $0 |
| Robin Meagher | Director Trustee or director | 0 | $0 |
| William Kinirons | Marketing Trustee or director | 0 | $0 |
| Phil Purcell | Director Trustee or director | 0 | $0 |
| Beth Rielly | Vice Chairman Trustee or director, Officer | 0 | $0 |
| Vickie Miller | Asst. Secretary Trustee or director | 0 | $0 |
| Nick Peirson | Treasurer Trustee or director, Officer | 0 | $0 |
| David Rulien | Director Trustee or director | 0 | $0 |
| Peter Commette | Director Trustee or director | 0 | $0 |
| Nicole Curry-Hill | Secretary Trustee or director, Officer | 0 | $0 |
| Vilhelm Roberts | Chairman Trustee or director, Officer | 0 | $0 |
| Stacy Moss | Cor. Secretary Trustee or director | 0 | $0 |
| Lynne Agnese | Cor. Secretary Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 1725 SE 12TH ST, FT LAUDERDALE, FL 33316-1437
- In care of
- % DARREN BETZ
- Mailing address (990-N for 2009)
- 1725 SE 12TH STREET, FORT LAUDERDALE FL 33316
- Principal officer (990 for 2024)
- BETH RIELLY, 1725 SE 12TH STREET, FORT LAUDERDALE, FL 33316
- Principal officer (990-N for 2009)
- MARK W SMITH, 1725 SE 12TH STREET, FORT LAUDERDALE FL 33316
- Signed the 990
- BETH RIELLY, CHAIRWOMAN
- Phone
- (954) 525-2842
- Website
- LYCSF.ORG
- Return prepared by
- KAUFMAN ROSSIN & CO PA
Mission
SEE SCHEDULE O
Program accomplishments
- THE ORGANIZATION PROVIDES FINANCIAL ASSISTANCE TO YOUNG PEOPLE TO PROMOTE ACCESS TO EDUCATIONAL AND COMPETITIVE SAILING OPPORTUNITIES. GRANTS ARE AWARDED THROUGH AN APPLICATION AND REVIEW PROCESS AND ARE USED TO OFFSET OUT-OF-POCKET COSTS SUCH AS PROGRAM TUITION, COACHING FEES, COMPETITION ENTRY FEES, TRAVEL, AND REQUIRED EQUIPMENT. BY REDUCING THESE FINANCIAL BARRIERS, THE PROGRAM ENABLES YOUTH SAILORS OF VARYING ECONOMIC BACKGROUNDS TO PARTICIPATE IN ORGANIZED SAILING INSTRUCTION, TRAINING, AND REGATTAS AT THE LOCAL, REGIONAL, AND NATIONAL LEVELS. IN FISCAL YEAR 2024 THE FOUNDATION AWARDED 103 INDIVIDUAL SCHOLARSHIPS, 11 COMPETITION GRANTS AND ONE SPECIAL GRANT.Expenses $263,895 · grants $118,262
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 April, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | April 30, 2026 | September 15, 2026 | Not on file |
| 2024 | April 30, 2025 | September 15, 2025 | 990 on file |
| 2023 | April 30, 2024 | September 16, 2024 | 990 on file |
IRS record
- EIN
- 27-1035675
- 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
- 2009
- Accounting year ends
- April
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N60)
- Assets (IRS master file)
- $1,009,083
- Income (IRS master file)
- $569,060
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | April 2025 | $407,411 | $279,006 | $1,009,083 | XML |
| 990 | April 2024 | $171,644 | $211,936 | $906,776 | XML |
| 990 | April 2023 | $223,107 | $125,247 | $909,060 | XML |
| 990 | April 2022 | $142,584 | $74,893 | $823,044 | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2009 Officer: MARK W SMITH | December 31, 2009 | ≤ $50,000 receipts | – | – | e-Postcard |
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 27-1035675).
Questions about LAUDERDALE YACHT CLUB SAILING FOUNDATION INC
- What is the EIN of LAUDERDALE YACHT CLUB SAILING FOUNDATION INC?
- The employer identification number (EIN) of LAUDERDALE YACHT CLUB SAILING FOUNDATION INC is 27-1035675.
- Is LAUDERDALE YACHT CLUB SAILING FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
- Are donations to LAUDERDALE YACHT CLUB SAILING FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LAUDERDALE YACHT CLUB SAILING 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 LAUDERDALE YACHT CLUB SAILING FOUNDATION INC due?
- The return for tax year 2025 (the year ending April 30, 2026) is due September 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LAUDERDALE YACHT CLUB SAILING FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended April 2025.
- Who is the principal officer of LAUDERDALE YACHT CLUB SAILING FOUNDATION INC?
- The 990 for the year ended April 30, 2025 names BETH RIELLY.
- Who are the officers and directors of LAUDERDALE YACHT CLUB SAILING FOUNDATION INC?
- The 990 for the year ended April 30, 2025 lists 21 people; 0 received compensation from the organization.
- How much revenue does LAUDERDALE YACHT CLUB SAILING FOUNDATION INC have?
- On its 990 for the year ended April 30, 2025 it reported revenue of $407,411, expenses of $279,006 and total assets of $1,009,083 at year end.
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