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IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 38-1230427

INTERNATIONAL LIGHTNING CLASS

Tax-exempt · TARPON SPGS, FL 34689

Financials

$112K$116K2023$167K$156K2024
Revenue Expenses · by fiscal year end
Financials of INTERNATIONAL LIGHTNING CLASS by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-EZ$167,323$155,639$11,684$355,263$18,590$336,673
December 31, 2023990-EZ$111,816$116,379-$4,563$353,270$28,281$324,989
Financial details: 990-EZ for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$70,290
Membership dues
$59,014
Program service revenue
$22,194
Investment income
$15,825

Expenses

Grants and similar amounts paid
$60,792
Compensation of officers, directors and key employees
$51,000
Professional fees and payments to contractors
$54,997
Occupancy
$2,311
Printing, publications and postage
$1,452
Other expenses
$36,087
Program services (functional)
$60,570

Balance sheet and other

Total assets, start of year
$353,270
Total assets, end of year
$355,263
Total liabilities, end of year
$18,590
Net assets, end of year
$336,673
Cash, savings and investments
$287,995
Gross receipts
$167,323

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, 2024, highest compensation first.

NameTitleHours / weekCompensation
Laura JeffersEXECUTIVE SECRETARY40$51,000
David StarckPRESIDENT5$0
Bertie WerleyTreasurer2$0
Julio VelezSecretary2$0
990-EZ for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
Laura JeffersEXECUTIVE SECRETARY40$47,920
David StarckPRESIDENT5$0
Bertie WerleyTreasurer2$0
Julio VelezSecretary2$0

Address and contacts

Address (IRS master file)
1528 BIG BASS DR, TARPON SPGS, FL 34689-5604
In care of
% LAURA JEFFERS
Signed the 990-EZ
LAURA JEFFERS, SECRETARY
Phone
(727) 942-7969
Return prepared by
Well Balanced Accounting Inc

Mission

PROMOTE THE SPORT OF SAILING

990-EZ for the year ended December 31, 2024

Program accomplishments

  • Enhanced International growth by supporting Boat Grant programs in Finland and Chile
    Expenses $35,937
  • Engaging activity for members aged 32 and under. New U32 Regatta and regatta entry fee subisides for other events.
    Expenses $18,099
  • Equipment upgrades for the North American Boat Grant Program included new sails
    Expenses $6,534

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-EZ on file
2023December 31, 2023May 15, 2024990-EZ on file

File the 2025 990-EZ for INTERNATIONAL LIGHTNING CLASS

Due May 15, 2026 · e-filed with the IRS by 990.tax, an IRS-authorized e-file provider

IRS record

EIN
38-1230427
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
1945
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Unknown (Z99Z)
Assets (IRS master file)
$355,263
Income (IRS master file)
$167,323

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2024$167,323$155,639$355,263XML
990-EZDecember 2023$111,816$116,379$353,270XML
990-EZDecember 2022–––IRS
990-EZDecember 2021–––IRS
990-EZDecember 2020–––IRS
990-EZDecember 2019–––IRS
990-EZDecember 2018–––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 38-1230427).

Questions about INTERNATIONAL LIGHTNING CLASS

What is the EIN of INTERNATIONAL LIGHTNING CLASS?
The employer identification number (EIN) of INTERNATIONAL LIGHTNING CLASS is 38-1230427.
Is INTERNATIONAL LIGHTNING CLASS tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1945.
Are donations to INTERNATIONAL LIGHTNING CLASS tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does INTERNATIONAL LIGHTNING CLASS 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 INTERNATIONAL LIGHTNING CLASS 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 INTERNATIONAL LIGHTNING CLASS last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
Who are the officers and directors of INTERNATIONAL LIGHTNING CLASS?
The 990-EZ for the year ended December 31, 2024 lists 4 people; 1 received compensation from the organization, the highest $51,000 (Laura Jeffers, EXECUTIVE SECRETARY).
How much revenue does INTERNATIONAL LIGHTNING CLASS have?
On its 990-EZ for the year ended December 31, 2024 it reported revenue of $167,323, expenses of $155,639 and total assets of $355,263 at year end.

Other nonprofits in TARPON SPGS

All nonprofits in TARPON SPGS · Florida · Unknown