Nonprofit · EIN 39-1016242
GENEVA LAKE SAILING SCHOOL INC
Tax-exempt · FONTANA, WI 53125
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $665,133 | $724,065 | -$58,932 | $4,302,655 | $746,595 | $3,556,060 |
| December 31, 2024 | 990 | $647,055 | $684,944 | -$37,889 | $4,341,471 | $726,479 | $3,614,992 |
| December 31, 2023 | 990 | $677,347 | $673,948 | $3,399 | $4,377,156 | $724,275 | $3,652,881 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $52,575
- Program service revenue
- $530,489
- Investment income
- $39,538
- Other revenue
- $42,531
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $120,718
- Other salaries and wages
- $143,987
- Salaries, compensation and benefits (total)
- $305,870
- Professional fundraising fees
- $0
- Accounting fees
- $31,193
- Occupancy
- $41,531
- Travel
- $28,710
- Depreciation
- $136,743
- Program services (functional)
- $645,124
- Management and general (functional)
- $69,690
- Fundraising (functional)
- $9,251
Balance sheet and other
- Total assets, start of year
- $4,341,471
- Total assets, end of year
- $4,302,655
- Total liabilities, end of year
- $746,595
- Net assets, end of year
- $3,556,060
- Land, buildings and equipment
- $2,581,970
- Net assets without donor restrictions
- $3,534,576
- Net assets with donor restrictions
- $21,484
- Gross receipts
- $665,133
- Employees
- 27
- Year formed
- 1938
- State of legal domicile
- WI
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 |
|---|---|---|---|
| MAREK VALASEK | EXECUTIVE DIRECTOR Key employee, Highest-paid employee | 40 | $117,339 |
| LU HAN | DIRECTOR Trustee or director | 2 | $0 |
| KATIE LYNCH | DIRECTOR Trustee or director | 2 | $0 |
| SARAH OBELSBY | DIRECTOR Trustee or director | 2 | $0 |
| RACHEL LYNCH | DIRECTOR Trustee or director | 2 | $0 |
| KEVIN ALCOCK | DIRECTOR Trustee or director | 2 | $0 |
| GARTH CHAMBERS | DIRECTOR Trustee or director | 2 | $0 |
| JOSH LACROIX | PRESIDENT Trustee or director, Officer | 3 | $0 |
| JORDAN GRAY | VICE-PRESIDENT Trustee or director, Officer | 3 | $0 |
| LEIGH OTZEN | TREASURER Trustee or director, Officer | 3 | $0 |
| SARA SEXTON | SECRETARY Trustee or director, Officer | 3 | $0 |
990 for the year ended December 31, 2024: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MAREK VALASEK | EXECUTIVE DIRECTOR Key employee, Highest-paid employee | 40 | $123,622 |
| JORDAN GRAY | SECRETARY Trustee or director, Officer | 3 | $0 |
| KATIE LYNCH | VICE RESIDENT Trustee or director, Officer | 2 | $0 |
| TOM LARIMER | PRESIDENT Trustee or director, Officer | 3 | $0 |
| JOSHUA LACROIX | TREASURER Trustee or director, Officer | 2 | $0 |
| LEIGH OTZEN | DIRECTOR Trustee or director | 2 | $0 |
| KEVIN ALCOCK | DIRECTOR Trustee or director | 2 | $0 |
| MARK GERARD | DIRECTOR Trustee or director | 2 | $0 |
| SARA SEXTON | DIRECTOR Trustee or director | 2 | $0 |
| LU HAN | DIRECTOR Trustee or director | 2 | $0 |
| SARAH OGLESBY | DIRECTOR Trustee or director | 2 | $0 |
| GARTH CHAMPERS | DIRECTOR Trustee or director | 2 | $0 |
| RACHEL LYNCH | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MAREK VALASEK | EXECUTIVE DIRECTOR Key employee, Highest-paid employee | 40 | $108,861 |
| PETER STROTHMAN | PRESIDENT Trustee or director, Officer | 3 | $0 |
| KATIE LYNCH | VICE RESIDENT Trustee or director, Officer | 2 | $0 |
| TOM LARIMER | TREASURER Trustee or director, Officer | 3 | $0 |
| JOSHUA LACROIX | SECRETARY Trustee or director, Officer | 2 | $0 |
| LEIGH OTZEN | DIRECTOR Trustee or director | 2 | $0 |
| KEVIN ALCOCK | DIRECTOR Trustee or director | 2 | $0 |
| MARK GERARD | DIRECTOR Trustee or director | 2 | $0 |
| SARA SEXTON | DIRECTOR Trustee or director | 2 | $0 |
| JORDAN GRAY | DIRECTOR Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 1250 S LAKESHORE DR, FONTANA, WI 53125-1803
- Principal officer (990 for 2025)
- JOSHUA LACROIX, 1250 SOUTH LAKE SHORE DRIVE, FONTANA, WI 53125
- Signed the 990
- JOSHUA LACROIX, TREASURER
- Phone
- (262) 275-8489
- Website
- GLSS.ORG
- Return prepared by
- PATRICK W ROMENESKO SC
Mission
TO TEACH ENROLLED STUDENTS THE SPORT OF SAILING.
Program accomplishments
- COSTS ARE INCURRED FOR PROVIDING SAILING INSTRUCTIONS TO ENROLLED STUDENTS.Expenses $645,124
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
- 39-1016242
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1954
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N6XZ)
- Assets (IRS master file)
- $4,302,655
- Income (IRS master file)
- $665,133
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $665,133 | $724,065 | $4,302,655 | IRS |
| 990 | December 2024 | $647,055 | $684,944 | $4,341,471 | IRS |
| 990 | December 2023 | $677,347 | $673,948 | $4,377,156 | XML |
| 990 | December 2022 | $705,228 | $601,918 | $4,359,230 | 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 39-1016242).
Questions about GENEVA LAKE SAILING SCHOOL INC
- What is the EIN of GENEVA LAKE SAILING SCHOOL INC?
- The employer identification number (EIN) of GENEVA LAKE SAILING SCHOOL INC is 39-1016242.
- Is GENEVA LAKE SAILING SCHOOL INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1954.
- Are donations to GENEVA LAKE SAILING SCHOOL INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GENEVA LAKE SAILING SCHOOL 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 GENEVA LAKE SAILING SCHOOL INC 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 GENEVA LAKE SAILING SCHOOL INC 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 GENEVA LAKE SAILING SCHOOL INC?
- The 990 for the year ended December 31, 2025 names JOSHUA LACROIX.
- Who are the officers and directors of GENEVA LAKE SAILING SCHOOL INC?
- The 990 for the year ended December 31, 2025 lists 11 people; 1 received compensation from the organization, the highest $117,339 (MAREK VALASEK, EXECUTIVE DIRECTOR).
- How much revenue does GENEVA LAKE SAILING SCHOOL INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $665,133, expenses of $724,065 and total assets of $4,302,655 at year end.
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All nonprofits in FONTANA · Wisconsin · Recreation and sports