Nonprofit · EIN 36-2039018
WAUKEGAN YACHT CLUB
Tax-exempt · WAUKEGAN, IL 60079
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $40,876 | $35,732 | $5,144 | $6,578 | $2,482 | $4,096 |
| December 31, 2023 | 990 | $25,471 | $29,631 | -$4,160 | $1,289 | $6,083 | -$4,794 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $19,989
- Membership dues
- $16,900
- Program service revenue
- $20,896
- Investment income
- $0
- Net rental income
- $2,644
- Net income from sales of inventory
- -$4,103
- Other revenue
- -$9
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $1,386
- Salaries, compensation and benefits (total)
- $1,386
- Professional fundraising fees
- $0
- Accounting fees
- $759
- Occupancy
- $6,524
- Depreciation
- $842
Balance sheet and other
- Total assets, start of year
- $1,289
- Total assets, end of year
- $6,578
- Total liabilities, end of year
- $2,482
- Net assets, end of year
- $4,096
- Land, buildings and equipment
- $842
- Gross receipts
- $75,599
- Employees
- 0
- Volunteers
- 27
- Year formed
- 1927
- State of legal domicile
- IL
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Nicole Sullivan | Commodore Officer | 25 | $0 |
| Jason Fergerson | Past Commodore Trustee or director | 0 | $0 |
| Johnathan Gaetz | Secretary Officer | 11 | $0 |
| Trish Lewis | Treasurer Officer | 21 | $0 |
| Jonathan Burba | Director Trustee or director | 5 | $0 |
| Bob Christiansen | Director Trustee or director | 1 | $0 |
| Robert Klueg | Director Trustee or director | 1 | $0 |
| Toby Payne | Director Trustee or director | 17 | $0 |
| Jennifer Kosatka | Sail Chair - Director Trustee or director | 8 | $0 |
| Howard Larson | Director Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Nicole Sullivan | Commodore Officer | 20 | $0 |
| Jason Fergerson | Past Commodore Officer | 1 | $0 |
| Johnathan Gaetz | Secretary Officer | 5 | $0 |
| Charles Olsen | Treasurer Officer | 0 | $0 |
| Jonathan Burba | Director Trustee or director | 5 | $0 |
| Bob Christiansen | Director Trustee or director | 1 | $0 |
| Robert Klueg | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 75, WAUKEGAN, IL 60079-0075
- In care of
- % NICOLE L SULLIVAN
- Principal officer (990 for 2024)
- Nicole L Sullivan, PO BOX 75, WAUKEGAN, IL 600790075
- Signed the 990
- Nicole Sullivan, Commodore
- Phone
- (847) 623-4188
Mission
Mentoring individuals and families in safe participation on watercraft activities on Lake Michigan from the Port of Waukegan.
Program accomplishments
- 93rd annual Chicago to Waukegan Sail Race 108 participating boats Approximately 1100 sailor participants and families in attendance and utilizing surrounding businesses and services. Example: Transient slips leased by out of town boats business to Waukegan Port District Metra rail services to Chicago early AM and PM restaurants downtown Genesee Street area and in the harbor itselfExpenses $6,246 · revenue $10,950
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 | Not 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
- 36-2039018
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1946
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N67Z)
- Assets (IRS master file)
- $6,578
- Income (IRS master file)
- $75,599
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $40,876 | $35,732 | $6,578 | XML |
| 990 | December 2023 | $25,471 | $29,631 | $1,289 | XML |
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 36-2039018).
Questions about WAUKEGAN YACHT CLUB
- What is the EIN of WAUKEGAN YACHT CLUB?
- The employer identification number (EIN) of WAUKEGAN YACHT CLUB is 36-2039018.
- Is WAUKEGAN YACHT CLUB tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1946.
- Are donations to WAUKEGAN YACHT CLUB tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does WAUKEGAN 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 WAUKEGAN YACHT CLUB 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 WAUKEGAN YACHT CLUB 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 WAUKEGAN YACHT CLUB?
- The 990 for the year ended December 31, 2024 names Nicole L Sullivan.
- Who are the officers and directors of WAUKEGAN YACHT CLUB?
- The 990 for the year ended December 31, 2024 lists 10 people; 0 received compensation from the organization.
- How much revenue does WAUKEGAN YACHT CLUB have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $40,876, expenses of $35,732 and total assets of $6,578 at year end.
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