Nonprofit · EIN 36-3104415
LAKE MICHIGAN SAIL RACING FEDERATION INC
Tax-exempt · GRAND RAPIDS, MI 49506
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $34,902 | $56,199 | -$21,297 | $911,223 | $0 | $911,223 |
| December 31, 2023 | 990 | $63,115 | $57,535 | $5,580 | $831,078 | $0 | $831,078 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $31,964
- Membership dues
- $19,925
- Program service revenue
- $0
- Investment income
- $2,938
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $26,805
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $800
Balance sheet and other
- Total assets, start of year
- $831,078
- Total assets, end of year
- $911,223
- Total liabilities, end of year
- $0
- Net assets, end of year
- $911,223
- Publicly traded securities
- $890,507
- Gross receipts
- $34,902
- Employees
- 0
- Volunteers
- 20
- Year formed
- 1980
- 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 |
|---|---|---|---|
| J LAWRENCE TAUNT | COMMODORE Trustee or director | 3 | $0 |
| GRANT CHENEY | VICE COMMODORE Trustee or director | 3 | $0 |
| GAIL TURLUCK | SECRETARY Trustee or director | 30 | $0 |
| LAWRENCE TAUNT | PAST COMMODORE Trustee or director | 3 | $0 |
| THOMAS ATKINS | VICE COMMODORE Trustee or director | 3 | $0 |
| ERICA TREJO | TREASURER Trustee or director | 3 | $0 |
| SKIP WILLIAMS | VICE COMMODORE Trustee or director | 3 | $0 |
| CRAIG CAPILLA | VICE COMMODORE Trustee or director | 3 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GAIL TURLUCK | SECRETARY Trustee or director | 30 | $21,840 |
| J LAWRENCE TAUNT | COMMODORE Trustee or director | 3 | $0 |
| SAMUEL NEDEAU | PAST COMMODORE Trustee or director | 3 | $0 |
| HUGH HAGGERTY | VICE COMMODORE Trustee or director | 3 | $0 |
| GLENN MCCARTHY | VICE COMMODORE Trustee or director | 3 | $0 |
| GRANT CHENEY | VICE COMMODORE Trustee or director | 3 | $0 |
| HERBERT PHILBRICK | TREASURER Trustee or director | 3 | $0 |
| THOMAS ATKINS | VICE COMMODORE Trustee or director | 3 | $0 |
| CHUCK GOES | DIRECTOR OF I.T. Trustee or director | 3 | $0 |
| JORDAN OWEN | VICE COMMORE Trustee or director | 3 | $0 |
Address and contacts
- Address (IRS master file)
- 2561 MAPLEWOOD DR SE, GRAND RAPIDS, MI 49506-4756
- Principal officer (990 for 2024)
- JOSEPH L TAUNT, 2561 MAPLEWOOD DR SE, GRAND RAPIDS, MI 49506
- Signed the 990
- JOSEPH L TAUNT, SECRETARY
- Phone
- (321) 857-6540
- Website
- LMSRG.ORG
- Return prepared by
- J MORSMAN TAX & ACCOUNTING
Mission
SAILING INSTRUCTION AND RACING ACTIVITIES
Program accomplishments
- ASSISTANCE TO RACING SAILORS TO COMPETE IN CHAMPIONSHIPS CONDUCTED BY NATIONAL GOVERNING BODY US SAILING. ASSISTANCE TO RICHARDSON CUP AND INTERNATIONAL TEAM. ASSISTANCE TO MEMBERS IN US SAILING AND OLYMPIC EVENTS AND WORLD CHAMPIONSHIPS TO ENCOURAGE NATIONAL AND INTERNANTIONAL COMPETION.
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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
- 36-3104415
- 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
- 1981
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Recreation and sports (N7XZ)
- Assets (IRS master file)
- $911,223
- Income (IRS master file)
- $34,902
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $34,902 | $56,199 | $911,223 | XML |
| 990 | December 2023 | $63,115 | $57,535 | $831,078 | XML |
| 990 | December 2022 | $65,760 | $56,673 | $757,620 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 36-3104415).
Questions about LAKE MICHIGAN SAIL RACING FEDERATION INC
- What is the EIN of LAKE MICHIGAN SAIL RACING FEDERATION INC?
- The employer identification number (EIN) of LAKE MICHIGAN SAIL RACING FEDERATION INC is 36-3104415.
- Is LAKE MICHIGAN SAIL RACING FEDERATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1981.
- Are donations to LAKE MICHIGAN SAIL RACING FEDERATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LAKE MICHIGAN SAIL RACING FEDERATION INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of LAKE MICHIGAN SAIL RACING FEDERATION 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 LAKE MICHIGAN SAIL RACING FEDERATION 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 LAKE MICHIGAN SAIL RACING FEDERATION INC?
- The 990 for the year ended December 31, 2024 names JOSEPH L TAUNT.
- Who are the officers and directors of LAKE MICHIGAN SAIL RACING FEDERATION INC?
- The 990 for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
- How much revenue does LAKE MICHIGAN SAIL RACING FEDERATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $34,902, expenses of $56,199 and total assets of $911,223 at year end.
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