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Nonprofit · EIN 42-1336038

KYC INC

Tax-exempt · KEOKUK, IA 52632

Financials

$345K$317K2024$298K$336K2025
Revenue Expenses · by fiscal year end
Financials of KYC INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$297,675$336,041-$38,366$209,484$13,155$196,329
December 31, 2024990$345,356$316,701$28,655$270,783$36,092$234,691
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$47,708
Membership dues
$47,408
Program service revenue
$77,173
Investment income
$58
Net rental income
$2,620
Net income from sales of inventory
$164,068
Other revenue
$172,736

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$10,972
Other salaries and wages
$64,921
Salaries, compensation and benefits (total)
$83,826
Professional fundraising fees
$0
Accounting fees
$5,260
Occupancy
$76,344
Depreciation
$28,898
Program services (functional)
$286,501
Management and general (functional)
$49,540

Balance sheet and other

Total assets, start of year
$270,783
Total assets, end of year
$209,484
Total liabilities, end of year
$13,155
Net assets, end of year
$196,329
Land, buildings and equipment
$165,926
Net assets without donor restrictions
$196,329
Gross receipts
$427,990
Employees
149
Year formed
1989
State of legal domicile
IA

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.

NameTitleHours / weekCompensation
RICHARD MEYERSCOMMODORE
Trustee or director, Officer
1$0
JEFF ZINNERTDIRECTOR
Trustee or director
1$0
SARA KUGLERSECRETARY
Trustee or director, Officer
15$0
RUSTY GUYMONDIRECTOR
Trustee or director
1$0
GARY PLATZVICE COMMODORE
Trustee or director, Officer
1$0
TRENT FINKDIRECTOR
Trustee or director
1$0
DAVE GROGANDIRECTOR
Trustee or director
1$0
BRIAN CARROLLDIRECTOR
Trustee or director
1$0
JOHNATHAN HENDRICKSONDIRECTOR
Trustee or director
1$0
990 for the year ended December 31, 2024: 9 people
NameTitleHours / weekCompensation
JEFF ZINNERTDIRECTOR
Trustee or director
1$0
RUSTY GUYMONDIRECTOR
Trustee or director
1$0
TRENT FINKDIRECTOR
Trustee or director
1$0
DAVE GROGANDIRECTOR
Trustee or director
1$0
BRIAN CARROLLDIRECTOR
Trustee or director
1$0
JOHNATHAN HENDRICKSONDIRECTOR
Trustee or director
1$0
RICHARD MEYERSCOMMODORE
Trustee or director, Officer
1$0
SARA KUGLERSECRETARY
Trustee or director, Officer
15$0
GARY PLATZVICE COMMODORE
Trustee or director, Officer
1$0

Address and contacts

Address (IRS master file)
PO BOX 14, KEOKUK, IA 52632-0014
In care of
% RICHARD MEYERS
Principal officer (990 for 2025)
RICHARD MEYERS, PO BOX 14, KEOKUK, IA 52632
Signed the 990
RICHARD MEYERS, COMMODORE
Phone
(319) 524-9469
Return prepared by
Taxes Plus

Mission

TO PROMOTE WATER RECREATION IN THE KEOKUK AREA

990 for the year ended December 31, 2025

Program accomplishments

  • KEOKUK YACHT CLUB, INC. CONTINUED TO PROVIDE A MEANS FOR PROMOTING WATER RECREATION ACTIVITIES IN THE KEOKUK AREA.
    Expenses $286,501

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, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
42-1336038
Tax-exempt status
501(c)(7): Social or recreational club
Donations deductible
No
Exempt since
1990
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$209,484
Income (IRS master file)
$427,990

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$297,675$336,041$209,484IRS
990December 2024$345,356$316,701$270,783IRS
990December 2023$309,887$297,885$223,137IRS
990December 2022$289,926$297,505$218,512IRS
990December 2021–––IRS
990December 2020–––IRS
990December 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 42-1336038).

Questions about KYC INC

What is the EIN of KYC INC?
The employer identification number (EIN) of KYC INC is 42-1336038.
Is KYC INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1990.
Are donations to KYC INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does KYC 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 KYC 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 KYC 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 KYC INC?
The 990 for the year ended December 31, 2025 names RICHARD MEYERS.
Who are the officers and directors of KYC INC?
The 990 for the year ended December 31, 2025 lists 9 people; 0 received compensation from the organization.
How much revenue does KYC INC have?
On its 990 for the year ended December 31, 2025 it reported revenue of $297,675, expenses of $336,041 and total assets of $209,484 at year end.

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