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Nonprofit · EIN 39-6120087

FIFTH STREET YACHT CLUB OF RACINE INC

Tax-exempt · RACINE, WI 53404

Financials

$223K$210K2023$230K$192K2024
Revenue Expenses · by fiscal year end
Financials of FIFTH STREET YACHT CLUB OF RACINE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$229,892$191,545$38,347$191,057$4,183$186,874
December 31, 2023990$222,579$210,338$12,241$152,981$4,454$148,527
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$31,075
Membership dues
$31,075
Program service revenue
$54,827
Investment income
$13
Net income from sales of inventory
$143,977
Other revenue
$143,977

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$0
Other salaries and wages
$41,517
Salaries, compensation and benefits (total)
$46,694
Professional fundraising fees
$0
Accounting fees
$630
Occupancy
$61,902
Depreciation
$5,050

Balance sheet and other

Total assets, start of year
$152,981
Total assets, end of year
$191,057
Total liabilities, end of year
$4,183
Net assets, end of year
$186,874
Land, buildings and equipment
$99,246
Gross receipts
$295,959
Employees
0
Year formed
1970
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, 2024, highest compensation first.

NameTitleHours / weekCompensation
TOM VERSCHUERENDirector
Trustee or director
0$0
JERRY BOEHMDirector
Trustee or director
0$0
JIM GUERRERODirector
Trustee or director
0$0
CHUCK KAPLANDirector
Trustee or director
0$0
JED HASSDirector
Trustee or director
0$0
KEVIN DAUGHERTYVICE COMMODORE
Officer
0$0
JEFF WINKLERREAR COMMODORE
Officer
0$0
CHARLES KIRCHNERTreasurer
Officer
0$0
TODD OLSONPAST COMMODROE
Officer
0$0
JIM MULESKICOMMODORE
Officer
0$0
JERRY RUUDSecretary
Officer
0$0
STEVE ANDERSONDirector
Officer
0$0
990 for the year ended December 31, 2023: 11 people
NameTitleHours / weekCompensation
CHRIS OLSONDirector
Trustee or director, Officer
0$0
JIM MULESKIVICE COMMODORE
Trustee or director
0$0
TODD OLSONDirector
Trustee or director
0$0
CHUCK KAPLANDirector
Trustee or director
0$0
STEVE ANDERSONDirector
Trustee or director
0$0
STEVE GOTTSCHALKTreasurer
Officer
0$0
ROGER SCHLINKREAR COMMODORE
Officer
0$0
MIKE FRIESRECORDING SECRE
Officer
0$0
THOMAS MICHELSCOMMODORE
Officer
0$0
CHRIS ANTONNEAUDirector
Officer
0$0
MIKE BAUERDirector
Officer
0$0

Address and contacts

Address (IRS master file)
761 MARQUETTE ST, RACINE, WI 53404-3329
Signed the 990
STEVE GOTTSCHALK, Treasurer
Phone
(262) 930-7829
Return prepared by
SMA Tax & Accounting LLC

Mission

CLUB PROVIDES SOCIAL AND BOATING ACTIVITIES FOR ITS MEMBERS

990 for the year ended December 31, 2024

Program accomplishments

  • CLUB HELD ACTIVITIES FOR BENEFIT OF MEMBERS
    Expenses $191,545 · revenue $229,892

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 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
39-6120087
Tax-exempt status
501(c)(7): Social or recreational club
Donations deductible
No
Exempt since
1973
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$191,057
Income (IRS master file)
$295,959

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$229,892$191,545$191,057XML
990December 2023$222,579$210,338$152,981XML
990December 2022$179,163$167,835$140,181IRS
990December 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 39-6120087).

Questions about FIFTH STREET YACHT CLUB OF RACINE INC

What is the EIN of FIFTH STREET YACHT CLUB OF RACINE INC?
The employer identification number (EIN) of FIFTH STREET YACHT CLUB OF RACINE INC is 39-6120087.
Is FIFTH STREET YACHT CLUB OF RACINE INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1973.
Are donations to FIFTH STREET YACHT CLUB OF RACINE INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does FIFTH STREET YACHT CLUB OF RACINE 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 FIFTH STREET YACHT CLUB OF RACINE 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 FIFTH STREET YACHT CLUB OF RACINE INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who are the officers and directors of FIFTH STREET YACHT CLUB OF RACINE INC?
The 990 for the year ended December 31, 2024 lists 12 people; 0 received compensation from the organization.
How much revenue does FIFTH STREET YACHT CLUB OF RACINE INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $229,892, expenses of $191,545 and total assets of $191,057 at year end.

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