Nonprofit · EIN 35-1703105
WAWASEE YACHT CLUB
Tax-exempt · FORT WAYNE, IN 46804
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $176,136 | $164,773 | $11,363 | $807,458 | $188,138 | $619,320 |
| December 31, 2024 | 990 | $158,619 | $150,276 | $8,343 | $588,737 | $1,549 | $587,188 |
| December 31, 2023 | 990 | $116,968 | $124,507 | -$7,539 | $568,750 | $1,590 | $567,160 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $109,059
- Membership dues
- $68,705
- Program service revenue
- $60,807
- Investment income
- $2,704
- Net rental income
- $3,000
- Net gain from sales of assets
- $2,700
- Net income from sales of inventory
- $566
- Other revenue
- $3,566
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $4,500
- Other salaries and wages
- $17,958
- Salaries, compensation and benefits (total)
- $24,134
- Professional fundraising fees
- $0
- Occupancy
- $86,945
- Depreciation
- $25,848
Balance sheet and other
- Total assets, start of year
- $588,737
- Total assets, end of year
- $807,458
- Total liabilities, end of year
- $188,138
- Net assets, end of year
- $619,320
- Land, buildings and equipment
- $614,488
- Net assets without donor restrictions
- $619,320
- Gross receipts
- $186,532
- Employees
- 13
- Volunteers
- 11
- Year formed
- 1931
- State of legal domicile
- IN
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 |
|---|---|---|---|
| Andrew Wallach | Junior Sailing Trustee or director, Officer | 8 | $4,500 |
| Bradey Wright | Commodore Trustee or director, Officer | 8 | $0 |
| Frank Levinson Jr | Vice Commodore Trustee or director, Officer | 8 | $0 |
| Dave Newcomer | Rear Commodore Trustee or director, Officer | 8 | $0 |
| Andrew Schmahl | Member at Large Trustee or director, Officer | 5 | $0 |
| Stephen Wolfer | Treasurer Trustee or director, Officer | 8 | $0 |
| Adam Speicher | Secretary Trustee or director, Officer | 5 | $0 |
| Casey Call | Race Chairman Trustee or director, Officer | 5 | $0 |
| Ralph Smith | Building & Grounds Trustee or director, Officer | 5 | $0 |
| Andrew Allen | Docks & Harbor Trustee or director, Officer | 5 | $0 |
| CJ Szeplaki | Social Events Trustee or director, Officer | 5 | $0 |
990 for the year ended December 31, 2024: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Dave Newcomer | Commodore Trustee or director, Officer | 8 | $0 |
| Bradey Wright | Vice Commodore Trustee or director, Officer | 5 | $0 |
| Mike Blackwell | Rear Commodore Trustee or director, Officer | 5 | $0 |
| Frank Levinson | Member at Large Trustee or director, Officer | 5 | $0 |
| Stephen Wolfer | Treasurer Trustee or director, Officer | 8 | $0 |
| John McClain | Secretary Trustee or director, Officer | 3 | $0 |
| Casey Call | Race Chairman Trustee or director, Officer | 5 | $0 |
| Ralph Smith | Building & Grounds Trustee or director, Officer | 5 | $0 |
| Andrew Allen | Docks & Harbor Trustee or director, Officer | 5 | $0 |
| Jeffrey Schmahl | Junior Sailing Trustee or director, Officer | 5 | $0 |
| Olivia Bennett | Social Events Trustee or director, Officer | 5 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Mike Blackwell | Commodore Trustee or director, Officer | 5 | $0 |
| Dave Newcomer | Vice Commodore Trustee or director, Officer | 5 | $0 |
| Betsy Berry | Rear Commodore Trustee or director, Officer | 3 | $0 |
| Bradey Wright | Member at Large Trustee or director, Officer | 5 | $0 |
| Stephen Wolfer | Treasurer Trustee or director, Officer | 8 | $0 |
| John McClain | Secretary Trustee or director, Officer | 5 | $0 |
| Casey Call | Race Chairman Trustee or director, Officer | 5 | $0 |
| Ralph Smith | Building & Grounds Trustee or director, Officer | 5 | $0 |
| Andrew Allen | Docks & Harbor Trustee or director, Officer | 5 | $0 |
| Jeffrey Schmahl | Junior Sailing Trustee or director, Officer | 5 | $0 |
| Amanda Yoder | Social Events Trustee or director, Officer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 9487 CRESTRIDGE DR, FORT WAYNE, IN 46804-4705
- In care of
- % STEPHEN SOLFER TREASURER
- Principal officer (990 for 2025)
- Stephen J Wolfer, 9487 Crestridge Drive, 9487 Crestridge Dr, Fort Wayne, IN 46804
- Signed the 990
- Stephen Wolfer, Treasurer
- Phone
- (260) 348-6906
- Website
- www.wawaseeyachtclub.com
Mission
Foster, promote and encourage the sport of sailboat racing and to promote the science of seamanship.
Program accomplishments
- For over 80 years, WYC has conducted sailboat races on Lake Wawasee (Syracuse, IN) each weekend from Memorial Day to Labor Day. Four classes of one-design sailboats (E Scow / Lightning / Sunfish / I-20) allowed over 70 members to compete in races. In addition to weekly sail races, WYC also annually conducts a number of regattas that are attended by sailors from the Midwest (E Scow and Hoosier Regatta).Expenses $19,783 · revenue $26,817
- WYC conducts five weeks of junior sailing classes during the summer (Jun - Jul), teaching over 170 children from ages 8 - 16 how to sail in a safe, fun, and structured environment that promotes sportsmanship, self-discipline, self-reliance, and a respect for nature and fellow sailors. The goal is to develop in each child an appreciation for, and a love of, sailing and confidence in his or her ability. The B.W. Duck Memorial Award is presented annually to the WYC Junior Sailing participant who is considered to be the "best sailor" of the season. The Alfred Tag Snook Award is presented annually to the WYC Junior Sailing participant who best demonstrates "overall excellence" in the Junior Sailing class. The honoree will have demonstrated the Corinthian Spirit through outstanding classroom work, a high level of sportsmanship, respect for others, and sound sailing skills.Expenses $25,405 · revenue $33,990
- WYC also holds social events to further the interest in sailing and the club. It hosts four to five events at the clubhouse plus fun sailing events (e.g., poker runs) to spur interest in sailing.Expenses $1,567
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 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 35-1703105
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1996
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $807,458
- Income (IRS master file)
- $186,532
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $176,136 | $164,773 | $807,458 | IRS |
| 990 | December 2024 | $158,619 | $150,276 | $588,737 | IRS |
| 990 | December 2023 | $116,968 | $124,507 | $568,750 | XML |
| 990 | December 2022 | $109,066 | $123,031 | $558,174 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | 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 35-1703105).
Questions about WAWASEE YACHT CLUB
- What is the EIN of WAWASEE YACHT CLUB?
- The employer identification number (EIN) of WAWASEE YACHT CLUB is 35-1703105.
- Is WAWASEE YACHT CLUB tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1996.
- Are donations to WAWASEE YACHT CLUB tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does WAWASEE YACHT CLUB 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 WAWASEE YACHT CLUB 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 WAWASEE YACHT CLUB 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 WAWASEE YACHT CLUB?
- The 990 for the year ended December 31, 2025 names Stephen J Wolfer.
- Who are the officers and directors of WAWASEE YACHT CLUB?
- The 990 for the year ended December 31, 2025 lists 11 people; 1 received compensation from the organization, the highest $4,500 (Andrew Wallach, Junior Sailing).
- How much revenue does WAWASEE YACHT CLUB have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $176,136, expenses of $164,773 and total assets of $807,458 at year end.
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